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Reporter : Anna J. Park
Thu, July 7, 2022 | 12:48
NongHyup Life, Meritz Fire top list of insurance firms in consumer complaints
Among local insurers, NongHyup Life Insurance and Meritz Fire & Marine Insurance turned out to have received the largest number of consumer complaints last year.
Blackstone appoints former Citibank Korea chief as new chairman
Former Citibank Korea President Ha Yung-ku will be leading Blackstone's operation in Korea. The world's largest private equity fund announced on Wednesday that it had appointed Ha as the new chairman of Blackstone Korea. Chris Kim, former co-head of real estate at Angelo Gordon & Co., has been tapped as managing director to lead Blackstone's newly created real estate team. Eu...
Will Korea succeed in joining World Government Bond Index?
The Korean government seeks to join the World Government Bond Index (WGBI) operated by FTSE Russell, a move seen as a way to raise the credibility of Korean won-denominated sovereign bonds on the global market and attract more foreign capital into the country.
Kyobo Life maintains A-level ratings from global ratings firms
Global credit ratings companies have maintained their A-level ratings for Kyobo Life, Korea's leading life insurer.
Interest rate hike, new accounting rule perplex insurance companies
The country's insurance companies face a mounting burden in maintaining their financial soundness, amid the recent interest rate hikes as well as the adoption of the newest global International Financial Reporting Standards (IFRS) 17 that will go into effect next year. IFRS 17 aims to increase the transparency of insurers' financial positions, as the new standard applies an a...
Hana, Woori banks open 1st joint branch in Yongin
Woori Bank and Hana Bank opened up their first joint bank branch in Yongin, Gyeonggi Province, on Monday. It is the first time in the nation for a branch to be operated jointly by two different banks.
Korean brokerages see overseas profits jump amid pandemic
Local securities firms saw their combined net profits increase by more than 60 percent in 2021 from a year earlier, despite the COVID-19 pandemic ravaging the world, data showed Sunday.
First K-pop ETF to be launched in US
A global ETF that tracks Korea's pop entertainment industry is set to be launched by a U.S.-based investment company in the near future. Exchange Traded Concepts (ETC), the U.S.-headquartered investment firm, recently submitted its plan to launch the “KPOP ETF” with a ticker name of KPOP to the U.S. Securities and Exchange Commission (SEC).
FSS to investigate data exposure by Samsung Securities and KB Kookmin Card
The Financial Supervisory Service (FSS) said it would look into recent private information leakages by Samsung Securities and KB Kookmin Card, vowing to hold them fully responsible for the accidents.
KDB scraps sales deal of KDB Life to JC Partners
Korea Development Bank (KDB) has canceled the pre-arranged sale of its life insurance subsidiary to JC Partners which had been signed back in December 2020.
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