Financial Market Archives | Page 164 of 184 | Be Korea-savvy
Home / Economy / Archive by category Financial Market (Page 164)

Archive by category Financial Market

New Internet Bank to Stage Competition in Banking Industry

New Internet Bank to Stage Competition in Banking Industry

SEOUL, Nov. 30 (Korea Bizwire) - Kakao Bank led by online portal giant Kakao Corp. and KT Corp.-initiated K-Bank have been picked as the operators of South Korea’s first-ever Internet bank on Sunday. It is the first time in 23 years that a new commercial bank has opened in the country’s banking industry. Two big IT firms — Kakao and KT — won the rights to operate onlinebanks, beating the Interpark-led I-Bank consortium. As the operator [...]

Afreeca TV Launches ‘FreeCap’ Social Trading Service

Afreeca TV Launches ‘FreeCap’ Social Trading Service

Afreeca TV has announced that it will be officially launching its new ‘FreeCap’ service, which allows users to invest in overseas futures through social trading methods. (Image : Firmbee / Pixabay) SEOUL, Nov.29 (Korea Bizwire) – Afreeca TV has announced that it will be officially launching its new ‘FreeCap’ service, which allows users to invest [...]

Securities Firms’ Communications Evolve From Newsletters to Webzines

Securities Firms’ Communications Evolve From Newsletters to Webzines

SEOUL, Nov.24 (Korea Bizwire) – Securities firms are changing their window of communication from company newsletters to webzines. Instead of company newsletters that only shared corporate news with employees, webzines are not only providing tips and information on finance, but also other content related to topics such as culture and travel, establishing a multi-communication platform [...]

Large Retailers Cry Foul Over ‘Discriminatory’ Commission Rates

Large Retailers Cry Foul Over ‘Discriminatory’ Commission Rates

SEOUL, Nov. 23 (Korea Bizwire) – Large retailers in South Korea are claiming that they are being discriminated against by card firms over commission rates which could eat into their bottom lines amid a protracted economic slowdown, industry sources said Monday. According to the sources, some large-sized retailers have demanded a reduction in commission rates [...]

S. Korea to Focus on New Growth Strategies

S. Korea to Focus on New Growth Strategies

SEOUL, Nov. 20 (Korea Bizwire) - South Korea will focus on building new growth strategies in drawing up its economy management plan for next year that could help the country tide over the fast-changing economic environment at home and aboard, the top economic policymaker said Friday. In a meeting with heads of major economic research institutes [...]

Listed Firms’ Sales Down, Earnings Up Through Sept.

Listed Firms’ Sales Down, Earnings Up Through Sept.

SEOUL, Nov. 17 (Korea Bizwire) - South Korean listed firms saw their sales edge down in the first nine months of the year but their bottom lines improved on the back of reduced costs for raw materials, the country’s bourse operator said Tuesday. Sales of 498 firms traded on the main KOSPI market totaled 1,205.6 trillion [...]

Mounting Household Debt Poses Major Threat to S. Korea

Mounting Household Debt Poses Major Threat to S. Korea

SEOUL, Nov. 17 (Korea Bizwire) – Mounting household debt in South Korea is a major risk factor that could undermine financial stability and economic growth of Asia’s fourth-largest economy, but the country’s fundamental soundness and pre-emptive measures could help resolve such problems, a former Moody’s analyst said Tuesday. “(A U.S. rate hike) will have effects [...]