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Reporter : Park Jae-hyuk
Sun, December 5, 2021 | 10:14
Naver Financial seen as beneficiary of 'anti-Google law'
Naver Financial, which operates the internet portal's Naver Pay mobile payment service, has been viewed as one of beneficiaries of the National Assembly's passage of the world's first law aiming to ban Google and Apple from forcing consumers to use their own in-app billing systems when downloading apps and contents.
Korea urged to share knowledge of digital transformation, deepen climate change fight
Korea should play a bigger role in fighting climate change and in protecting biodiversity, as well as in helping developing countries end extreme poverty and become part of the digital world, according to the recommendation of one of the world's most renowned economists, Thursday. Jeffrey Sachs, a Columbia University economics professor and director of the Center for Sustaina...
Hyundai's Chung Mong-koo to donate W10 bil. for vaccine development
Hyundai Motor Group (HMG) Honorary Chairman Chung Mong-koo will donate 10 billion won ($8.6 million) to the Korea University Foundation to help ongoing efforts by the Korea University Medicine to establish and operate a vaccine innovation center, according to the automotive group, Wednesday.
Record 2022 budget to raise national debt to W1,068 tril.
Korea's national debt will surpass 1,000 trillion won ($862 billion) next year for the first time in history, as the government's annual spending will go up 8.3 percent year-on-year to the record-high 604.4 trillion won in 2022.
BTS's message displayed on Kyobo Life building
People pose for a selfie in front of Kyobo Life Insurance's headquarters building in Seoul, which is decorated with a large banner featuring part of the lyrics of BTS's hit song, “Permission to Dance.” The insurer said Monday that the boy band designed the 100th edition of the company's iconic signboard, hanging on its building near Gwanghwamun Square, to offer ho...
Discrepancy emerges between fiscal and monetary policies
Controversy is growing over what some call a discrepancy between the nation's fiscal and monetary policies, after the central bank raised the key interest rate last week, despite the government's plan to increase its expenditures next year.
Korea-ASEAN Financial Cooperation Center project gains momentum
The government is going all out to avoid any further delay in its ambitious plan to open the Korea-ASEAN Financial Cooperation Center, which has been pursued over the past three years as part of the Moon Jae-in administration's efforts to boost ties with Southeast Asian countries and India.
Kakao Pay to submit modified prospectus for IPO in October
Kakao Pay decided to make only a slight adjustment to the range of its target initial public offering (IPO) price.
For convenience of foreign customers
A Woori Bank model promotes the bank's new service that enables foreigners to send up to $50,000 a year to other countries by using the Woori WON Banking app without visiting offline branches. Woori Bank said Thursday it will continue to provide services that satisfy the demand of foreign customers for contactless financial transactions. Courtesy of Woori Bank
Fates of Bithumb, Coinone, Korbit still hang in balance
The survival of Bithumb, Coinone and Korbit is still uncertain, as they have yet to satisfy the requirements for stable operation under the toughened regulations that will take effect in a month, data compiled by the government showed Wednesday.
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