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Reporter : Lee Min-hyung
Mon, December 6, 2021 | 11:23
KOSPI moving in tandem with US futures amid heightening Omicron uncertainty
Korea's benchmark KOSPI had been moving in sync with Wall Street's overnight gains or losses, but this long-standing pattern has not been so noticeable following the outbreak of the Omicron variant of COVID-19. With the new variant emerging as an escalating fear factor on global financial markets, the local stock markets have been aligned in recent days with the ups and downs...
KB set to extend terms of non-banking leaders
KB Financial Group is set to extend the terms of its CEOs at key non-banking affiliates during the year-end reshuffle of top management, for their contribution to the group's stable earnings growth despite pandemic uncertainties.
Woori union denies plans to participate in management
Woori Financial Group's employee stock ownership association will not seek to take part in management, but focus instead on boosting the firm's stock valuation after becoming its largest shareholder, industry officials said Thursday.
Hanjin chairman honored for bold leadership amid pandemic crisis
Hanjin Group Chairman Cho Won-tae has been selected as the 2021 Person of the Year by Orient Aviation, a commercial aviation news publisher, in recognition of his bold leadership to tackle the pandemic-induced crisis in the airline industry.
Hawkish Powell gives impetus for Bank of Korea to hike key rate again
U.S. Fed Chairman Jerome Powell's “surprisingly” hawkish turn is expected to provide an impetus for the Bank of Korea (BOK) to deliver another key rate hike early next year despite renewed fears of a slowdown in the economic recovery here triggered by the Omicron variant of COVID-19 that could be potentially resistant to current vaccines, according to economists, Wednesday. A...
Younger CEO to lead KB Kookmin Bank
KB Financial Group recommended Lee Jae-keun, senior executive vice president at KB Kookmin Bank, as the next leader of the lender, KB's CEO recommendation committee said Wednesday. Starting from January 2022, Lee is scheduled to start his two-year term after receiving approval from the lender's shareholders.
More money moving into safer assets
The ample market liquidity, created as a firewall against the COVID-19 pandemic, is flowing into safe assets including bank deposit accounts, as a variant of the virus that is potentially resistant to current vaccines is denting appetite for risk amid interest rate hikes by central banks.
Stocks extend losses on escalating Omicron fear
Korean stocks extended their losses Monday on a selling spree by retail investors after Wall Street and European stock markets tumbled amid growing fears over the spread of the Omicron variant of COVID-19.
Shinhan executive causes sensation on YouTube
Lee Byung-chul, vice president at Shinhan Bank's retirement pension division, is drawing attention on YouTube after the lender posted a video clip starring the executive singing and dancing to promote its pension products.
[ANALYSIS] Omicron variant to sink travel, leisure stocks
The spread of the Omicron variant will put a damper on travel and leisure stocks despite Korea's introduction of a “Living with COVID-19” scheme.
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