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Thu, September 28, 2023 | 22:37
Meritz launches consolidated holding company
Meritz Financial Group completed the incorporation of its securities and insurance arms as its wholly owned subsidiaries, Tuesday, in a move aimed at streamlining key decision-making processes.
Brokerages enjoy hefty earnings growth on unexpected Kosdaq rally
Major securities firms here are forecast to enjoy hefty earnings growth in the first half, as their brokerage commission will improve by a huge margin due to a surprising rally of the country's secondary Kosdaq market.
Lotte Insurance launches Korea travel insurance for foreign tourists
Lotte Insurance has launched an insurance product for foreign tourists visiting Korea in partnership with Creatrip, a Seoul-based travel information platform. One key feature of the product is its simple and easy subscription service.
Securities firms go all-out to attract more retirement pension customers
Securities firms here are going all-out to attract more retirement pension customers amid falling deposit interest rates and an aging population.
Frustration grows as Do Kwon's extradition likely to be delayed
Terraform Labs co-founder Do Kwon's extradition is likely to take much more time, as Montenegrin prosecutors indicted the now-detained crypto fugitive on charges of passport forgery, according to a local report from Pobjeda, a Montenegrin daily.
Physical connectivity key for Korean financial firms to make global leap forward
Most Korean financial firms are still globally disconnected, as few of them attempt to take on challenging and innovative tasks due to the country's outdated network separation rules, a renowned digital expert said in a recent interview with The Korea Times.
Investors urged to avoid steeply rising EcoPro stocks on overvaluation risk
EcoPro shares extended a sharp rally on Tuesday on its surprising triple-digit earnings growth, but market experts advised investors to be aware of overvaluation risks in the Kosdaq-listed leading rechargeable battery maker's stock price.
Tax agency promotes exports of Korean traditional alcohols
The National Tax Service (NTS) has launched a council dedicated to promoting exports of Korea's traditional alcohols, in a bid to tackle a rising liquor trade deficit, the tax agency said Tuesday. The K-Liquor Promotion Council pledged to rebrand the identity of Korean alcohols by developing proper naming that can better represent all the exported alcoholic products.
BNK, JB, DGB feared to suffer earnings fall on weak non-banking portfolio
Provincial banking groups such as BNK, JB and DGB Financial Group are forecast to suffer an earnings fall this year due to their weak non-banking business structures. Last year, the three financial holding firms generated robust profit growth, which was driven by improved loan-to-deposit margins amid global monetary tightening.
Mirae Asset chief donates dividends from asset management arm
Mirae Asset Financial Group Chairman Park Hyeon-joo on Monday donated all the dividends - 1.6 billion won ($1.21 million) worth - he received from the group's asset management arm, Mirae Asset Global Investments. Park has continued the donation campaign since 2010 when he pledged to put all his dividends received from the company toward the younger generations. The total dona...