Fiscal chief says materials, parts, equipment industries ‘stabilized’
MarketsJanuary 22, 2020
Finance Minister Hong Nam-ki said Wednesday that three sectors for electronic materials, parts and equipment, which have been affected by trade restrictions of Japan since last year, are back on a st...
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Samsung’s financial units brace for changes with new CEOsMarketsJanuary 21, 2020Kim, head of Samsung Life’s management division, will take the helm of Samsung Card, succeeding the outgoing CEO Won Gee-chan, Since joining Samsung Life in 1986, Kim moved up the corporate ladder t... -
Myeong-dong rent costs drop amid fast shift to e-commerceMarketsJanuary 20, 2020Myeong-dong, one of the largest retail districts in Korea, was the only area among the world’s top 10 global shopping streets that saw an average rent drop on-year in 2019, according to global real e...
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Insurance industry looks forward to more active investments, M&A dealsMarketsJanuary 20, 2020The overall insurance industry, which saw its combined net profit drop for two consecutive years from 3.9 trillion won ($3.4 billion) in 2017 to 3.3 trillion won in 2018, is expected to have suffered... -
D.Camp holds first startup pitching event for 2020MarketsJanuary 19, 2020D.Camp, a leading South Korean startup accelerator, said Sunday that augmented reality solution startup Qrio and health tech startup 9to6 topped its first pitching competition of 2020, held last week... -
Samsung likely to replace chiefs of most financial unitsMarketsJanuary 19, 2020Samsung Group is expected to replace most of the chief executives at its financial units, including Samsung Life Insurance and Samsung Card, according to news reports on Sunday. According to local b... -
FSC pledges to step up efforts to grow fintech industryMarketsJanuary 16, 2020With bills on personal data and credit information passing the legislature, Korean financial authority Financial Services Commission and other financial organizations on Thursday vowed to make joint ... -
Reinsurance firm Korean Re launches second branch in ChinaMarketsJanuary 15, 2020The Korean Reinsurance Co. (Korean Re), a leading domestic reinsurance firm here, announced the launch of its Shanghai office on Wednesday. The opening came after it received approval from China’s b... -
Eased data protection rules to benefit fintech giants and startups: analystsMarketsJanuary 15, 2020The recent passage of bills on personal data and credit information of individuals by the National Assembly will likely give a boost to fintech giants and startups in South Korea, according to analys... -
S. Korea’s employment indexes hit record high, contradict job market realityEconomyJanuary 15, 2020South Korea saw its employment rate hit a 22-year high last year, boosted by a stronger-than-expected job growth in December, government data showed Wednesday. Asia’s fourth-largest economy, however... -
Marketing startup Marketit scores new funding from investor behind BTSMoneyJanuary 14, 2020Influencer marketer Marketit said Tuesday that it has attracted 5 billion won ($4.3 million) from investors including AlpenRoute Asset Management. AlpenRoute was one of the early investors in Big Hi... -
![[Exclusive] Gender issues cost Deloitte Consulting place in Asia-Pacific unit: sources](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2020/01/13/20200113000238_0.jpg)
[Exclusive] Gender issues cost Deloitte Consulting place in Asia-Pacific unit: sourcesMoneyJanuary 13, 2020Deloitte Consulting Korea has failed to join Deloitte Asia Pacific, a single business entity that combines the operations of the global consulting firm in the region, partly due to gender disparity a... -
Visa Korea to launch new services amid changing fintech landscapeMoneyJanuary 13, 2020Visa Korea on Monday announced plans to launch new services this year, in an effort to grow its presence in the emerging segments of big data and contactless payment solutions. To help its corporate... -
Investors accuse Lime, Shinhan, Woori of fraud after hedge fund debacleMoneyJanuary 10, 2020Three individual investors have filed criminal complaints against representatives of Lime Asset Management, Shinhan Investment and Woori Bank, accusing them of fraud and capital market law violations... -
Lime Asset’s fund fiasco weighs on local banksMoneyJanuary 7, 2020More than one-third of local fund operator Lime Asset Management’s now-frozen private equity fund was sold via Korean commercial banks last year, the financial watchdog said Tuesday, further igniting...
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