SEOUL, Dec.16 (Korea Bizwire) – Uber Technology has announced that it signed an agreement with KEB Hana Bank and Hana Capital to provide financial services to Uber Taxi and Uber Black. With the signing of the agreement, taxi drivers who use the Uber platform will be provided with various financial services by the two organizations. [...]
SEOUL, Dec. 10 (Korea Bizwire) – Foreign investors have been in a selling binge of local stocks as they reduced risky bets ahead of a looming U.S. rate hike, market watchers said Thursday. Offshore investors offloaded 243 billion won(US$207 million) worth of shares traded on the main KOSPI market on Wednesday, extending their selling spree [...]
SEOUL, Dec.4 (Korea Bizwire) – Over the past three days, nearly 100,000 individuals have visited the new online insurance supermarket known as Insurance Damoa, where users can compare different insurance plans make online insurance purchases. According to the General Insurance Association of Korea, as of midnight on December 2, a total of 98,210 users had [...]
SEOUL, Dec.3 (Korea Bizwire) – The shock effect of black market deals with analysts and fund managers involved is hitting hard at securities firms in Yeouido. Numerous trade firms and asset management firms have been investigated by the prosecution, with documents and data seized and offices searched. The investigation has revealed even more names in [...]
SEOUL, Dec.3 (Korea Bizwire) – A new type of identity authentication that does not require face-to-face interaction and will make it possible for clients to open new bank accounts without actually visiting a bank was demonstrated on December 2. ‘Bio authentication methods’, such as confirming one’s identity by putting their palm near a device, will [...]
SEOUL, Dec.3 (Korea Bizwire) – Second-tier car insurance companies will launch plans that can be purchased online, starting from January 1. Since the internet insurance supermarket known as Insurance Damoa officially opened on November 30, the competition to draw clients online is increasingly fierce. According to industry analysts, Hyundai Marine & Fire Insurance will launch [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s top financial regulator said Thursday that it will unveil a tighter mortgage loan screening system later this month in a bid to tackle the mounting household debt in the face of a potential U.S. rate hike. Household credit totaled a fresh record of 1,166.4 trillion won (US$1.01 [...]
SEOUL, Dec.2 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering announced that it has sold all of its helicopters. The company is cleaning up its non-core assets to normalize management. Daewoo Shipbuilding & Marine Engineering owned two Sikorsky helicopters that can each seat 14 people, and used them to transport key figures and guests. However, [...]
SEOUL, Dec.1 (Korea Bizwire) – K Bank Consortium, which has gained preliminary approval as an internet-only bank, pledged that it will create an innovative success model and lead the revitalization of the economy. Company officials also mentioned their vision to make ‘community neo-banks’ that are friendly and easy to use for everyone. Officials also laid [...]
SEOUL, Nov. 30 (Korea Bizwire) - Kakao Bank, an Internet-only bank consortium led by Kakao Corp., said Monday that it is planning to begin operations in the second half of next year to lead the unprecedented market by making use of its millions of mobile chat application users. Along with the K-Bank team headed by KT [...]