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Reporter : Yi Whan-woo
Mon, December 4, 2023 | 15:21
Financial industry urged to capitalize on AI to create synergy in corporate world
Financial firms can capitalize on artificial intelligence (AI) to partner with shipping, warehouse and other logistics businesses and create a synergy in a corporate world that is being rapidly transformed by AI, an internationally-renowned AI expert said.
Leaders of KB, Sompo Holdings hold further discussions on cooperation
KB Financial Group Chairman Yoon Jong-kyoo met with CEO Kengo Sakurada of Japan's top-ranked insurance company Sompo Holdings for an in-depth discussion on cooperation between the companies, the Korean banking group said Friday.
State lender speeds up sales of HMM, KDB Life Insurance again
Korea Development Bank (KDB) is speeding up efforts to sell off a string of tax-financed companies, including HMM and KDB Life Insurance, after repeatedly making multiple, unsuccessful attempts to do so.
KakaoBank highlights ESG achievements in annual report
KakaoBank highlighted its achievements in environmental, social and corporate governance (ESG)-focused management in its annual ESG report published this month, the company announced on Friday. The internet banking arm of tech giant Kakao said the report also highlighted the other major achievements of its ESG practices in the last year.
KB to pick final chairman candidate by early September
KB Financial Group has begun selecting candidates to replace outgoing Chairman Yoon Jong-kyoo, the company announced on Thursday.
New bourse operator to change landscape of stock market
The launch of a new bourse operator in Korea is in sight, fueling optimism that it can become a game changer in stock trading that has been dominated by the Korea Exchange (KRX) for nearly seven decades. On Wednesday, the Financial Services Commission (FSC) gave preliminary approval for the alternative trading system (ATS) being planned by a coalition of major brokerage house...
Why are mortgage loan rates rising despite key rate freeze?
Commercial banks are hiking the costs associated with taking out a mortgage even while the benchmark interest rate has remained steady for more than half a year, in their bid to cover expenses needed to counter growing liquidity risks.
Hana Financial honors multicultural family members
Hana Financial Group hosted an award ceremony to honor outstanding members of multicultural families who have set examples for their communities, the company announced on Wednesday.
Kyobo Life adopts chatbot service in office
Kyobo Life Insurance has adopted an artificial intelligence (AI)-powered chatbot service to improve work efficiency for its executives and rank-and-file employees. A top-ranked life insurer in Korea, Kyobo Life Insurance is the first company in the industry to adopt a chatbot, which a range of businesses seeks to capitalize on after it was introduced late last year.
Mirae Asset achieves $100 billion milestone in global ETF business
Mirae Asset Global Investments announced on Tuesday that its global exchange-traded fund (ETF) business surpassed $100 billion in net assets.