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Reporter : Park Jae-hyuk
Sun, December 5, 2021 | 11:09
Fitch differs with local subsidiary on outlook for Citibank Korea
Fitch Ratings disagreed with a skeptical view voiced by its local subsidiary, Korea Ratings (KR), on Citibank Korea which is carrying out a phased closure of its consumer banking unit.
Korea to tighten supervision on overseas purchases of domestic real estate
The Korea Customs Service (KCS) will start receiving foreign exchange network data from the Bank of Korea (BOK) every month starting early next year to monitor whether people residing outside of Korea sourced their money illegally to purchase real estate here.
Amex intensifies competition between Hyundai, Samsung
Hyundai Card began stealing affluent American Express (Amex) Platinum Card customers here away from Samsung Card, which had served over the past decade as the exclusive Korean issuer of the premium credit card for individual users.
Winners of 17th Economic Essay Contest announced
The Korea Times is pleased to announce the winners of its 17th English Economic Essay Contest for university students, written on one of two subjects: “Do you agree with the idea of institutionalizing a basic income system?” and “What are your suggestions for co-prosperity between people and artificial intelligence?”
Hollys aims to go public in 2024
Hollys Coffee's franchiser unveiled plans recently to go public by the end of 2024, in an apparent attempt to outrun Starbucks Coffee Korea, A Twosome Place and Ediya Coffee, which have been viewed as candidates to become the first coffeehouse chain to be listed on the local stock market.
Ruling presidential candidate shifts stance on short-selling
Ruling Democratic Party of Korea (DPK) presidential candidate Lee Jae-myung has started to soften his stance toward short-selling on the local stock market, in contrast to last year when he supported a ban on the investment move which bets on a drop in stock prices.
'Market-friendly' FSS governor faces backlash
Financial Supervisory Service (FSS) Governor Jeong Eun-bo is drawing criticism from progressive civic groups, after he promised to reform the financial watchdog's system of inspecting financial firms to focus more on preventing risks than imposing reactive sanctions.
Large-size IPOs fail to attract investors
The continued horizontal price movement in the local stock market is dampening initial public offering (IPO) fever and prompting a growing number of companies to withdraw their plans to go public.
Hyundai Motor tightening grip on Hyundai Capital
Hyundai Motor Group is speeding up the process of separating Hyundai Capital from Hyundai Card and Hyundai Commercial, raising speculation that Chairman Chung Euisun will strengthen his control over the auto-financing company, which was previously managed by his brother-in-law, Hyundai Card and Hyundai Commercial Vice Chairman Chung Tae-young.
Shinhan chairman represents Asian financial firms at COP26
Shinhan Financial Group Chairman Cho Yong-byoung became Asia's first private sector financial leader to deliver a speech at the U.N. Climate Change Conference.
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