SEOUL, Feb. 22 (Korea Bizwire) – South Korean listed companies’ dividend payouts for their fiscal 2014 are expected to rise by more than 30 percent compared with a year earlier, data showed on Sunday, largely due to growing pressure on them to deliver more to investors. According to the data compiled by KB Investment & [...]
SEOUL, Feb. 20 (Korea Bizwire) — In 2014, 46 Korean children earned more than 100 million won (US$ 90,000) from their stock holdings, according to research firm FnGuide. These children are sons and daughters of CEOs and executives of Korean companies, and the richest of them all is the eleven-year-old daughter of Park Jin-Ho, CEO of Daebong [...]
Growth Companies From Multiple Sectors Diversify Index and Represent the ‘New Global Economy’ NEW YORK, Feb. 19 (Korea Bizwire) — Once considered a pure play on technology stocks, the Nasdaq-100 Index (NDX), which celebrated its 30th anniversary on January 31, 2015, has emerged as the de facto benchmark for broad-based innovation, representing the “new global [...]
SEOUL, Feb. 18 (Korea Bizwire) — Kwang Ju Bank, a local bank in Gwangju in South Jeolla province, is growing a strong customer base through a newly introduced mobile banking desk. The mobile offices have been installed on a remodeled 16-ton truck, outfitted with three counseling stalls and two ATMs. The ATMs were specifically arranged to be [...]
SEOUL, Feb. 18 (Korea Bizwire) — Chinese money is entering the Korean insurance market for the first time in its history. Anbang Insurance Group finalized a 1.13 trillion won (US$ 1.01 billion) takeover of Korea’s Tongyang Life on February 16, according to reports from the Korean finance industry. The Chinese company agreed to take a combined 63 [...]
SEOUL, Feb. 17 (Korea Bizwire) – A South Korean brokerage house has been declared bankrupt, a local court said Tuesday, following a trading mistake in late 2013 that left the firm with tens of millions of dollars in losses. The decision by the Seoul Central District Court came about a year after HanMag Securities Co., [...]
SEOUL, Feb. 17 (Korea Bizwire) – The Malaysian government is planning to set up a housing guarantee corporation to protect buyers, and is considering the introduction of a Korean style housing guarantee system. The Korean Housing Guarantee Corporation (KHGC) announced that it recently held a meeting with Malaysian officials from the Ministry of Urban Wellbeing, [...]
SEOUL, Feb. 13 (Korea Bizwire) — Standard Chartered signed a MoU with Shinsegae Corp. to implant sales and marketing channels at main Shinsegae retail stores, on February 12. Standard Chartered is also in talks to sell off its Cheil Branch in Myeongdong to Shinsegae, which is one of the largest retailers in Korea. Standard Chartered will install [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s credit card firms paid nearly 200 billion won (US$180.6 million) in fees to global credit card brands last year, virtually unchanged from the year before due to increased spending during overseas travel and online purchases from foreign shopping malls, a report said Friday. Local card issuers, led [...]
ARLINGTON, Va. Feb. 9 (Korea Bizwire) — Predictive modeling has notably increased in value across several areas of property & casualty (P&C) insurers’ business over the past six years, according to global professional services company Towers Watson’s (NYSE, NASDAQ: TW) annual Predictive Modeling Survey. Towers Watson first surveyed P&C insurers on their predictive modeling techniques [...]