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Fri, July 1, 2022 | 01:48
Korean finance minister leaves IMFC meeting to protest against Russia
Finance Minister Hong Nam-ki left an International Monetary and Financial Committee (IMFC) meeting on Thursday ahead of a video address by his Russian counterpart, Anton Siluanov, in a show of protest against the country's invasion of Ukraine.
Financial firms chalk up record earnings on rate hikes
Korea's top four financial holding firms on Friday reported record-high earnings results for the first quarter of this year, fueled by increased interest profits.
Young founder of Luna emerges as cryptocurrency tycoon
Do Kwon, co-founder of Terraform Labs, is emerging as a young cryptocurrency tycoon, with its Terra stablecoin and Luna token achieving outstanding success amid their dynamic ecosystem expansion.
New BOK chief vows to overhaul economic policy framework
Bank of Korea (BOK) Governor Rhee Chang-yong took office Thursday, vowing to overhaul the country's economic policy framework by focusing on bolstering a market-driven economy. “We live in a period where it is difficult to predict whether our economy, which is heavily dependent on the external sector, can take the next leap forward by overcoming challenges in its transition t...
Toss Securities lets investors buy small portions of US stocks
Toss Securities has introduced its real-time mobile stock trading service, enabling investors to buy U.S. stocks and exchange-traded funds (ETFs) in decimal points, the company said Tuesday.
Cryptocurrencies bounce back on hopes for crypto ETFs
Cryptocurrencies are bouncing back on growing hopes for the launch of crypto-related exchange-traded funds (ETFs).
Shinhan Financial chief to visit Europe in May
Shinhan Financial Group Chairman Cho Yong-byoung will visit Europe sometime in May to attract more capital from overseas investors and raise awareness of its group-wide efforts in environmental, social and corporate governance (ESG) management.
Financial firms ready for phased normalization of operations
With the government lifting its years-long social distancing rules on Monday, financial firms are expected to take phased steps to normalize their work-from-home systems. Banks and most financial companies in areas such as securities and insurance have been relying on remote work systems ever since the start of the COVID-19 pandemic early in 2020.
KB joins global taskforce for nature-related disclosures
KB Financial Group has joined a global taskforce on nature, as part of efforts to fulfill its environmental, social and corporate governance (ESG) objectives. The nation's largest financial holding firm by market capitalization said Sunday it became a member of the Taskforce on Nature-Related Financial Disclosures, so as for the company to expand its global footing in environ...
Lifting social distancing measures unlikely to boost economy amid inflation woes
The Korean government's plan to lift social distancing measures will not bring any tangible effects to boosting the overall economic recovery due to lingering inflationary pressure and key rate hikes, experts said Sunday. The outlook came amid expectations for a revival of domestic consumption after the government on Monday put an end to the limits on private gatherings and b...
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