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Reporter : Anna J. Park
Thu, June 1, 2023 | 10:48
Is Apple Pay's Korea launch imminent?
It seems Apple Pay's long-awaited official launch in Korea is expected to take place as soon as next month. Some people estimate that the launch date will be Feb. 8, and here's why.
KOFIA's new chief vows to cooperate with authorities to support market liquidity
Seo Yoo-seok, who was sworn in as the 6th president of the Korea Financial Investment Association (KOFIA) in late December, vowed to cooperate closely with financial authorities to support necessary market liquidity in times of increased economic uncertainty.
KOSPI New Year rally contrasts with bearish performance in 2022
Korea's main benchmark, the KOSPI, is reversing last year's bearish performance, as it continues its upward trend since the start of the new year. According to the Korea Exchange (KRX), the KOSPI index rose by 6.69 percent during the first two weeks of January, putting it at eighth among the G20 countries' main benchmark bourse operators for the same period. The main benchmar...
Gov't expected to ease rules on dollar remittance
The Korean government is mulling over whether to lift its long-held restrictions on foreign currency remittance as early as the second half of next year. The move comes as the government aims to enact a new legal framework regarding foreign exchange transactions better suited to global trends and standards.
Average salary at major banks exceeds $80,000
The average annual salary of employees at five major local banks - KB Kookmin, Shinhan, Hana, NongHyup and Woori - has exceeded the 100-million-won ($80,500) mark, according to data submitted to ruling People Power Party lawmaker Rep. Yun Chang-hyun on Sunday.
FSS cooperates with savings banks to improve internal control
Regulatory authorities have come up with measures to prevent financial accidents and improve internal controls at savings banks, particularly in the areas of project financing (PF) loans, private business loans and capital management. The Financial Supervisory Service (FSS) announced the measures on Sunday, explaining that it recently formed a task force with the Korea Federa...
Coca-Cola Korea appoints new chief
Coca-Cola Korea Company announced Thursday that it has appointed Jung Ki-sung as its new chief. His promotion to the head position was attributed to his vast experience within the company, as he is evaluated to have contributed to the firm's business growth. Since joining Coca-Cola Korea back in 2000, Jung served in various roles at the company over two decades. Jung started ...
UAE-based investment firm Enspire expands into Korean market
Dubai-headquartered global investment group Enspire has officially launched its Korean operation, aiming to strengthen investments in the country's various sectors. The firm has also appointed Shin Yung-sook, a veteran entrepreneur in the fields of computer security and outbound trade consulting, as CEO of the Korean branch, named Enspire KSB Korea.
Samsung most searched company during CES 2023: KPMG report
Samsung is the most searched company in relation to the Consumer Electronics Show (CES) 2023, according to the latest Samjong KPMG report on this year's CES. The report utilized Google Trends to analyze keyword search patterns globally for six days from Jan. 3 to 9. The analysis also showed that Sony, AMD, ASUS and LG were among the top five keywords, following Samsung, durin...
Align Partners opposes Woori Financial's acquisition attempt
With regard to Woori Financial Group's plan to acquire Daol Investment, the country's top-notch venture capital firm, Align Partners, which holds about 1 percent of the financial group's shares, has voiced its opposition to the deal. After the venture capital firm was put up on the M&A market late last year, Woori Financial declared its intent to acquire the company to the fi...