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Reporter : Park Jae-hyuk
Sun, December 5, 2021 | 10:58
Shinhan outruns rivals in resuming investor roadshows abroad
Shinhan Financial Group Chairman Cho Yong-byoung will resume his overseas business trips next week, while the leaders of other financial holding companies here remain cautious about going abroad during the COVID-19 pandemic.
Cigna faces backlash for selling LINA to Chubb
Cigna is facing intensifying protest from LINA Korea's executives and employees for its recent decision to sell the life insurer to Chubb, which has Ace Insurance and Chubb Life Korea as its Korean operations.
KDB grilled over validity of selling DSME, Daewoo E&C, Asiana
Lawmakers peppered Korea Development Bank (KDB) Chairman Lee Dong-gull with questions about the validity of the state-run lender's ongoing attempts to dispose of financially vulnerable companies in key industries. During the National Assembly audit of the bank, Friday, Rep. Park Yong-jin of the ruling Democratic Party of Korea (DPK) suggested KDB consider alternatives to its ...
BNK, JB, DGB increase reliance on Naver, Kakao
Concerns are rising over the growing reliance of BNK, JB and DGB financial groups on Naver Financial, Kakao Pay and Toss, which could eventually lead the regional banks to become overly dependent on the online platforms.
Woori, KB support Afghan evacuees in Korea
Domestic commercial banks have begun to provide the 390 Afghan evacuees in Korea with a wide range of supports, so that they can adapt to the unfamiliar environment by having better access to banking, educational, mobile communication and medical services.
KKR betting more on Korea
KKR is increasing its investments in Korea after Korean American co-President Joseph Bae was promoted to be one of two co-CEOs, succeeding the world's leading private equity firm's (PEF) co-founders Henry Kravis and George Roberts.
BlackRock stays out of APG warning Korea about climate risks
BlackRock did not add its signature to a letter sent last week by APG Asset Management and 22 other members of Climate Action 100+ to Korea's Presidential Committee on Carbon Neutrality, warning the government and businesses about their “insufficient efforts” in the country's transition to net-zero emissions.
Woori Bank holds annual art contest
Woori Bank CEO Kwon Kwang-seok speaks in a video clip introducing the bank's annual art contest. Woori said Monday that it held the final round of the competition online a day earlier. The winner will receive a prize from the minister of culture, sports and tourism on Nov. 6. Courtesy of Woori Bank
Samsung, SK hynix on alert over OECD's 'digital tax' deal
Samsung Electronics and SK hynix are on alert over the international community's agreement Friday to introduce the so-called “digital tax” from 2023 to ensure multinational tech giants start paying a certain amount of taxes to the counties they operate in and generate profits.
Financial watchdog vows to tighten controls on Naver, Kakao
Financial Supervisory Service (FSS) Governor Jeong Eun-bo expressed his intention to impose tougher regulations on Naver, Kakao and other large tech firms in the financial sector, Thursday, in line with the government's ongoing attempts to tighten controls on the country's online platform operators.
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