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Reporter : Yi Whan-woo
Fri, December 8, 2023 | 06:09
Return of Chinese tourists fuels optimism for travel trade balance
The resumption of Chinese tour groups to Korea announced last Thursday is fueling optimism for the nation's worsening travel trade balance which suffered its largest half-yearly deficit in five years.
Hana joins hands with financial watchdog to nurture young digital experts
Hana Financial Group and the Financial Supervisory Service (FSS) are co-hosting the second edition of a project aiming to foster young workers skilled in digital technologies after successfully completing the first edition last month, the banking group said Sunday. Also joined by Google Korea, Amazon Web Services Korea, Microsoft Korea and SK Telecom, the Hana Digital Power O...
Bank CEOs may face liability for lax internal controls
Commercial bank CEOs could face liability if their companies are caught committing forgery, embezzlement and other financial crimes, all of which have been rampant lately in the banking industry, according to financial industry officials, Sunday.No bank CEOs have so far been held accountable for the above-mentioned crimes. Frustratingly, few of the CEOs have succeeded in find...
Samsung heiresses pay inheritance tax with secured loans
Three heiresses of late Samsung chief Lee Kun-hee took out more bank loans to pay massive inheritance taxes by putting up their respective shares in the company as collateral, according to a business think tank, Wednesday.
Outlook murky for Korean economy as China fails to rebound
The outlook for the Korean economy is apparently becoming bleaker as China, the world's second-largest economy, continues to falter more than halfway through 2023, according to analysts, Wednesday.
3 KB vice chairmen make 6-candidate list as next group CEO
KB Financial Group said Tuesday it included three of its vice chairmen - Hur Yin, Yang Jong-hee and Lee Dong-cheol - on the list of six candidates for its next chairman and CEO, in the first of three stages to select the successful candidate.
Summer holiday season fails to help economy recover
Domestic travel is getting more expensive in Korea, prompting refrain from summer vacations here, thereby affecting the consumer spending crucial for economic recovery. The heat wave is also prompting people to stay home instead of going out to spend money.
KB, Shinhan, Hana donate sports drinks to Scouts
Korea's three largest banks - KB Kookmin, Shinhan and Hana - each announced on Monday the urgent donation of sports drinks to participants of the World Scout Jamboree in Saemangeum, North Jeolla Province.
Number of elderly Koreans living alone hits record high
More than one out of five elderly Koreans live alone, a record-high for single-person households among senior citizens and an emerging concern related to the nation's rapidly aging society.
Korean insurers head overseas as domestic market becomes saturated
Insurance companies in Korea are bolstering efforts to expand their business activities in overseas markets in a bid to nurture growth engines as the domestic market has become saturated, according to industry sources.