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Tue, September 26, 2023 | 07:36
Woori under growing pressure to expand non-banking business
Woori Financial Group, a major financial holding firm, is facing increasing pressure to widen its non-banking business portfolio after NH Financial Group overtook Woori's position as the nation's fourth-largest financial holding company in the first quarter.
Blockchain technology on path to becoming more publically accessible
Lambda256, a blockchain subsidiary of Korea's dominant crypto exchange operator Dunamu, expects its representative blockchain platform - Luniverse - to gradually expand its footing as a more globally influential service with its price competitiveness and market responsiveness, the firm's CEO Park Jae-hyun said during a recent interview.
Crypto exchanges face manpower exodus amid market doldrums
Korea's major crypto exchanges are facing a manpower exodus amid a prolonged winter in the global crypto industry. Some of them are also taking steps to streamline their organizational structure to defend against falling trade revenue.
JPMorgan chief meets with Korean financial leaders
JPMorgan Chase CEO Jamie Dimon ended his two-day business trip to Seoul, Tuesday, after holding meetings with top financial moguls here. This was the first time in five years that the head of America's largest bank has visited Korea. He arrived in Seoul on Monday afternoon, and started his schedule of meetings with chiefs of Korea's major financial institutions.
Ex-BOK economist to head KCCI's think tank
Park Yang-su, former director general of the Bank of Korea (BOK)'s research institute, will lead a think tank of the nation's business lobby group, the Korea Chamber of Commerce and Industry (KCCI) said Thursday.
Korean stocks feared to lose steam on prolonged trade deficit, real estate doldrums
Korean stocks are feared to lose steam and move within a tight range again amid concerns of a prolonged trade deficit, weak private consumption and slow real estate market conditions, analysts said.
Hana, Mirae Asset sign partnership on securities token infrastructure
Hana Financial Group and Mirae Asset Securities signed a partnership to build securities token infrastructure, both companies said on Thursday. Under the partnership, Hana became a member of the Next Finance Initiative (NFI) - a consortium co-founded by the Mirae Asset affiliate and SK Telecom in March.
Lawmaker suspected of crypto money laundering: Upbit
Rep. Kim Nam-kuk, a scandal-tainted lawmaker, appears to have engaged in “highly suspicious” crypto trading activities, which might be linked with possible money laundering, a ruling party lawmaker said, citing sources from Upbit, the nation's largest crypto exchange.
Securities firms reduce staff amid financial scandals
Securities firms are reducing their workforces amid their continuous involvement in a series of scandalous financial fiascos.
Mirae Asset holds ETF Rally 2023 for global expansion
Mirae Asset Global Investments has reaffirmed its strong determination to strengthen its brand identity in the global exchange-traded fund (ETF) market. A group of 70 top-level executives of its overseas branches took part in the firm's ETF Rally 2023 event for three days from May 22. As of the end of April, Mirae Asset operates ETF businesses worth 121 trillion won ($91.1 bi...