SEOUL, Jan. 28 (Korea Bizwire) — AXA Direct, the automobile insurance operating arm of AXA Group, a worldwide leader in insurance, announced on January 28 that it will launch its Global English website service from February 2 for expatriates in Korea, in a first for Korea’s insurance industry. Through the service, foreigners in Korea will [...]
SEOUL, Jan. 27 (Korea Bizwire) – Koreans make more than half of their payments by credit cards in terms of volume, almost twice as much as Americans. According to a Bank of Korea report entitled “Koreans’ Usage of Payment Means in 2014 and Their Implications” analyzing payment usage in terms of volume by interviewing 2,500 adults [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korean companies are set to increase dividend payouts for 2014 under growing government pressure to return more to shareholders, data showed Monday. Among the 18 listed companies that have announced their dividend plans as of Friday, 15 said they would deliver more to shareholders with their 2014 dividends [...]
SEOUL, Jan. 20 (Korea Bizwire) — Samsung Electronics Co., South Korea’s largest firm by market value, has been considering splitting its stock to lower the high price tag of its shares but will look more into the long-term effect before making any decision, a senior executive said Tuesday. “(Samsung Electronics) has been looking into whether [...]
SEOUL, Jan. 18 (Korea Bizwire) — Dongbu Insurance has formed a US$ 200 million joint investment fund with MetLife and Manulife Financial to expand its foreign investment portfolio. According to investment banking industry experts, Dongbu Insurance has partnered with Manulife Financial in a US$ 100 million joint investment fund to finance infrastructure and real estate in the [...]