KoreaTimes - Companies

The Korea Times

The Korea Times

The Korea Times

Finance

Companies

Tue, October 3, 2023 | 07:18

Internet-only banks outperform legacy lenders in labor productivity

Internet-only banks outperform legacy lenders in labor productivity

K Bank and other internet-only banks are found to have outperformed the country's top five legacy lenders in labor productivity in the first half of the year, generating larger profits per capita, data showed Monday.

2023-10-02 16:41

Deputy prime minister visits SK hynix plant

Deputy prime minister visits SK hynix plant

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho visited SK hynix plant in Yongin, Gyeonggi Province, Wednesday - a move in line with the government’s commitment to spur chip industry in the midst of its downturn.

2023-09-27 15:01

Korea sees record-low births in July

Korea sees record-low births in July

The number of babies born in Korea in July sank to an all-time low, data showed on Wednesday, accelerating the looming demographic crisis and further consolidating the country's transformation into an aging society.

2023-09-27 14:47

Over 100 money changers face suspensions, fines, criminal charges

Over 100 money changers face suspensions, fines, criminal charges

More than 100 money exchangers were found to be engaging in money laundering and other illegal financial activities, the Korea Customs Service (KCS) announced on Tuesday, as the country is pushing to improve convenience for international travelers to help boost tourism after the pandemic.

2023-09-26 16:44

6 out of 10 seniors find income insufficient

6 out of 10 seniors find income insufficient

More than six out of 10 elderly Koreans find that their income is insufficient, as the country rapidly ages with a record 1.97 million people 65 or older and living alone, according to data, Tuesday.

2023-09-26 16:43

Hana, Saudi EXIM Bank join hands to support Korean firms in Middle East

Hana, Saudi EXIM Bank join hands to support Korean firms in Middle East

Hana Financial Group announced Tuesday that it signed a memorandum of understanding (MOU) with the Saudi Export-Import (EXIM) Bank to bolster cooperation in the Middle East.

2023-09-26 16:05

Korea has world's highest senior poverty rate: data

Korea has world's highest senior poverty rate: data

Korea has the highest poverty rate for elderly citizens among a number of major economies with the figure standing at 34.8 percent when net income is assessed, data showed on Monday.

2023-09-26 08:10

W100 bil. in losses incurred due to gross misconduct at financial firms: FSS data

W100 bil. in losses incurred due to gross misconduct at financial firms: FSS data

Financial firms suffered more than 100 billion won ($75 million) in losses due to breach of trust by employees over the past seven years, Financial Supervisory Service (FSS) data showed on Monday.

2023-09-25 16:58

KB chief bids farewell after 9-year period at helm

KB chief bids farewell after 9-year period at helm

KB Financial Group Chairman Yoon Jong-kyoo reflected on his nine-year tenure during a press conference at KB headquarters in Seoul, Monday.

2023-09-25 16:55

FSS warns fisheries cooperatives over sloppy response to failed overseas investment

FSS warns fisheries cooperatives over sloppy response to failed overseas investment

The Financial Supervisory Service (FSS) has issued a management caution against the National Federation of Fisheries Cooperatives (NFFC) for its sloppy response to a failed overseas alternative investment worth 50 billion won ($37 million).

2023-09-24 16:55

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	PHOTOSDecisive moments of Team Korea at Asian Games

2	Will blue crabs from Italy arrive on Korean dining tables?

3	INTERVIEWROK-US alliance is win-win partnership: KUSAF chief

4	Over 30,000 protesters march for climate actions

5	Korea makes last-ditch bid to host World Expo 2030 in Busan

6	INTERVIEWIt is premature to revise ROK-US mutual defense treaty: veterans' group head

7	LA-based photographer captures Koreatown unfazed by pandemic

8	Consumers to face higher prices for daily necessities after Chuseok

9	Samsung chief visits Middle East to explore new businesses

10	Internet-only banks outperform legacy lenders in labor productivity

DARKROOM