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Reporter : Anna J. Park
Tue, May 30, 2023 | 10:55
Korean financial systems to take root in Central Asia
The vice chief of Korea's top financial regulator wrapped up a four-day visit to two countries in Central Asia, facilitating overseas business expansions by Korean financial firms and joint investments in the region.
JPMorgan CEO Jamie Dimon to visit Korea in June
Jamie Dimon, chairman and CEO of JPMorgan Chase, is slated to visit Korea early next month, drawing market attention as to what the most powerful banker in the world might do during his visit.
Gen Z, Millennials choose cost of living, unemployment, climate change as top concerns: report
Cost of living turns out to be the issue of the highest concern for those of Gen Z and Millennials across the world, followed by unemployment and then climate change.
Apple Pay causes upheaval in Korea's payment market
The local payment service market is in upheaval, following Apple Pay's official launch in late March in partnership with Hyundai Card. While Apple Pay is permeating into local markets rapidly, other major payment services seek partnership strategies to hold onto their customers.
FSS lists Eland, Kakao in debt monitoring group
Retail tycoon Eland and Kakao, Korea's Big Tech conglomerate, have recently been included in the Financial Supervisory Service's (FSS's) debt list due to their respective high levels of indebtedness.
Borrowers with low credit scores turn to loan sharks for money
As many as 71,000 people with low credit scores were found to have turned to loan sharks to borrow money last year as interest rates surged, according to a recent survey by Korea Research Institute for Financial Inclusion, whose results were announced, Monday.
Kakao Pay aims for 10 bil. annual transactions by 2026
Kakao Pay, the mobile payment subsidiary of tech conglomerate Kakao, has proclaimed the firm's goal to achieve 10 billion transactions per year within the next three years, and step up as the country's most frequently used financial application platform that caters to customers' financial needs. During a press conference held at Conrad Seoul Hotel, Monday, Kakao Pay CEO Shin ...
Major Korean financial firms seek to strengthen foothold in Indonesia
Celebrating the 50th anniversary of diplomatic ties between Korea and Indonesia, Korean financial leaders from Korea's supervisory authority and private financial firms have vowed to strengthen financial cooperation and partnerships with the Southeast Asian country.
Assembly ready to pass crypto regulation bill amid growing irregularities
Amid a growing scandal surrounding a main opposition lawmaker's coin speculation, the Assembly's National Policy Committee greenlighted a cryptocurrency regulation bill on Thursday. It was the first time ever that a bill stipulating regulations on cryptocurrency was passed by a National Assembly committee.
Hearing-impaired insurance planner continues to blaze trail
Choi Jung-min, 38, is AIA Life Insurance's star planner. He has pioneered his path, shattering the prejudices against the hearing-impaired.
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