Category: Korea
COVID-19 risk management to determine fate of bank CEOs
Many CEOs of major banks are nearing the end of their terms, drawing attention on who will keep their positions amid turbulent market conditions from COVID-19. Suhyup Bank [...] » More
Typhoon Maysak strengthens as it heads towards Korea
Just a few days after Typhoon Bavi struck the Korean Peninsula, there is another powerful storm heading for the region. Typhoon Maysak has formed to the east of the [...] » More
Local banks embrace blockchain technology
It’s fair to say the retail banking sector, at least, is already in a “red ocean” because it’s been losing trust with its customers rapidly. Amid an [...] » More
Untraceable infections soar in Seoul
The Korea Centers for Disease Control and Prevention (KCDC) said Monday that the number of coronavirus infections from untraceable routes has reached its highest level since [...] » More
S. Korea reports 248 new virus cases
The number of daily new coronavirus cases in South Korea stayed below 300 for the second consecutive day Monday, but health authorities are keeping their guards up as [...] » More
Pop-up bank branches the way to go?
The Financial Supervisory Service (FSS) proposed Sunday that banks come up with alternatives such as pop-up bank branches in the event they close down branches in rural areas [...] » More
Migrant workers welcome Seoul’s disaster relief fund
Migrant workers are welcoming Seoul city’s decision to provide disaster relief funds to non-citizens here, adding hopes that other municipal governments will follow [...] » More
JB Securities Vietnam officially launched
JB Financial Group said Monday it has changed the name of its Vietnamese securities arm to JB Securities Vietnam (JBSV), expressing its vision to turn the company into the [...] » More
No cramming as new COVID rules take hold in Korean capital
Private tuition centres shut for the first time and traffic was lighter in South Korea’s capital on Monday, the first working day of tighter social-distancing rules [...] » More
Parties set for new start, gear up for next elections
Political parties are paving the way for a new start in preparation for upcoming major elections, including next year’s by-elections and the presidential election in [...] » More
Concerns rise over Seoul losing initiative in Korean Peninsula issues
A recent meeting of the defense chiefs of US and Japan has raised questions here as to why Korea did not participate in the meeting, which was initially known to be arranged [...] » More
Korea sees 299 cases of the coronavirus as spike leads to renewed business closures
South Korea has reported 299 new cases of the coronavirus as officials placed limits on dining at restaurants and closed fitness centers and after-school academies in the [...] » More
Lockdown-level social distancing takes heavy toll on economy
“The August 15 rally nearly destroyed my business,” said a man surnamed Kim, an owner of a traditional Korean eatery in Jongno, downtown Seoul. He said the [...] » More
US military suspends some training in Korea after deadly crash
The US military command in South Korea said on Monday it would suspend training at a range after four South Korean civilians were killed in a crash with an armoured vehicle [...] » More
Surge in Korea coronavirus cases sparks hospital bed shortage concerns
South Korea recorded its 16th consecutive day of triple digit rises in new coronavirus cases on Saturday, extending a second wave of infections that is fanning concerns about [...] » More
