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Reporter : Yi Whan-woo
Wed, November 29, 2023 | 23:47
Korea pledges to offer $6 billion for 2024-25 Africa cooperation
BUSAN - Korea will offer $6 billion over the next two years in a financial aid package for Africa, the Ministry of Economy and Finance said Wednesday.
Korea and Africa partner on sustainable agriculture and bio health projects
BUSAN_ Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho proposed innovative agricultural methods, bio health and climate change response as three areas of cooperation between Korea and African countries to strengthen solidarity in his opening speech at the 2023 Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference in Busan, Wednesday.
Germany's embattled economy raises concerns for Korea
Germany's faltering economy is heightening anxieties that Korea may face similar troubles, as the two countries, despite the differences in size and economic outlooks, have multiple similarities when it comes to growth risks.
Korea to support Africa's energy transition, food security
Korea will share its know-how with African countries regarding the global transition to low-carbon energy and food security, during the 2023 Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, which started in Busan, Tuesday.
Hana invites overseas employees to workshop
Employees from Hana Financial Group's overseas business operations pose with the group's executives during a workshop in the district of Cheongna International City in Incheon, Sept. 9. Titled, “All Connected in Hana Global,” the workshop was held from Sept. 4 to 9, with 30 invited employees from 20 countries at the group's training center on Cheongna Global Campu...
Assembly moves to punish bank CEOs for negligence
The National Assembly is expected to receive a bill for approval within this month, as part of accelerated efforts made by the government and the ruling party, to punish commercial bank CEOs if their companies are caught committing financial crimes, according to political and financial sources, Sunday.
KB Financial to enhance non-banking business under new leadership
The nomination of KB Financial Group Vice Chairman Yang Jong-hee as the group's next chief signals that the group is on course to bolster its non-banking business under a broader strategy...
Woori chairman to engage in first overseas investor relations trip
Woori Financial Group Chairman and CEO Yim Jong-yong will travel to London next week, engaging in his first overseas investor relations trip after he took office in March. Yim will be one of the members of a delegation led by Financial Supervisory Service (FSS) Governor Lee Bok-hyun, to promote the financial soundness of Korean finance services firms as well as their efforts ...
Financial irregularities put brakes on plan to boost number of nationwide banks
The government's plan to increase the number of commercial banks operating nationwide faces a setback amid a slew of financial irregularities in the banking industry. According to media reports, the Financial Supervisory Service (FSS) extended its inspection of DGB Daegu Bank, which was scheduled to end on Sept. 1.
Koreans increasingly embrace cashless society
Following the transition to a cashless society, an increasing number of Koreans are no longer using wallets because their smartphones are proving to be more convenient. According to data released by the Bank of Korea (BOK), Tuesday, consumers are increasingly using digital wallets to buy goods, with the average daily number of payments ticking up 13.4 percent from a year earl...
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