Asia

ASIA HEADLINES
  • Review begins for internet-only bank approval
    by KoreaTimes on January 1, 1970 at 12:00 am

    An ad-hoc review committee has begun the screening process to review whether to issue two consortiums a preliminary license to run internet-only banks, the financial authorities said Friday. […]

  • For low-carbon economy
    by KoreaTimes on January 1, 1970 at 12:00 am

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  • KB strengthens ties with O2O startups
    by KoreaTimes on January 1, 1970 at 12:00 am

    KB Financial Group plans to launch Liiv,a comprehensive, cloud-based digital service platform, in the latter half of 2019, a group official said Friday. […]

  • Gov't aims to make Seoul 'fintech test bed'
    by KoreaTimes on January 1, 1970 at 12:00 am

    The government is planning to make Seoul a “fintech test bed,” designating fintech its top priority among finance policies, according to the country's financial regulator, Thursday. […]

  • Myanmar investment seminar for SMEs
    by KoreaTimes on January 1, 1970 at 12:00 am

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  • Income gap narrows as top 20% earnings drop
    by KoreaTimes on January 1, 1970 at 12:00 am

    The income gap between the rich and the poor has narrowed as the government pushed to boost social protection and financial support for the bottom 20 percent. This also comes as the monthly income of the top 20 percent dropped in the first quarter of this year, the first fall in 13 fiscal quarters. […]

  • Regulator faces criticism for scolding SoCar CEO
    by KoreaTimes on January 1, 1970 at 12:00 am

    Financial Services Commission (FSC) Chairman Choi Jong-ku is under criticism from the startup community for calling SoCar CEO Lee Jae-woong “rude and selfish.” The regulator chief has ramped up rhetoric against Lee after his meeting with local bankers, telling the press that Lee should […]

  • YG shares plunge amid massive shorting
    by KoreaTimes on January 1, 1970 at 12:00 am

    YG Entertainment is experiencing a double whammy as investors are short selling shares in the entertainment agency amid the Seungri fiasco. […]

  • Transport minister cornered by angry bed town residents
    by KoreaTimes on January 1, 1970 at 12:00 am

    Transport Minister Kim Hyun-mee is facing growing criticism from residents of commuter towns adjacent to Seoul for her introduction of plans for additional exurban communities. […]

  • MBK makes another comeback victory
    by KoreaTimes on January 1, 1970 at 12:00 am

    MBK Partners has proven its competitiveness once again by coming from behind in the race to win the bidding for Lotte Card. […]

  • Remodeling Myanmar school
    by KoreaTimes on January 1, 1970 at 12:00 am

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  • Dark clouds loom over economy
    by KoreaTimes on January 1, 1970 at 12:00 am

    The state-run Korea Development Institute (KDI) has revised the country's growth forecast to 2.4 percent from 2.6 percent, the think tank said Wednesday. The reason behind the downward projection was the same as others given by the OECD and Moody's Investors Service. […]

  • 'Tech experts need to be fostered'
    by KoreaTimes on January 1, 1970 at 12:00 am

    The chief of the Financial Supervisory Service stressed the need for more tech experts, Wednesday. “Due to innovation in technology, new businesses and jobs are emerging, and the landscape of industry and employment is changing as the wall between humans and machines is being torn […]

  • Supporting needy children
    by KoreaTimes on January 1, 1970 at 12:00 am

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  • New internet-only bank to be announced May 26
    by KoreaTimes on January 1, 1970 at 12:00 am

    The Financial Services Commission (FSC) will announce the results of its ongoing screening for a new internet-only bank as early as Sunday, the financial regulator said Wednesday. Two consortiums led by Kiwoom Securities and Toss, a mobile money transfer app owned by Viva Republica, have bid for […]

  • Lee Yoon-pyo named as MSIM's Korea head
    by KoreaTimes on January 1, 1970 at 12:00 am

    Morgan Stanley Investment Management (MSIM) has named Lee Yoon-pyo as its managing director and head for South Korea. […]

  • Woori chief on M&A roll
    by KoreaTimes on January 1, 1970 at 12:00 am

    Woori Financial Group Chairman Sohn Tae-seung is on a roll in mergers and acquisitions (M&A). Since the group was launched as a holding company last January, Sohn has made aggressive deals to acquire non-banks such as asset management and real estate trusts. […]

  • Loans for youth
    by KoreaTimes on January 1, 1970 at 12:00 am

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  • KDI cuts growth outlook for Korea to 2.4%
    by KoreaTimes on January 1, 1970 at 12:00 am

    South Korea's prestigious state-run think tank on Wednesday slashed its economic growth outlook for the country this year to 2.4 percent from 2.6 percent, becoming the latest in a series of institutions to trim its growth forecast for Asia's fourth-largest economy. The KDI blamed weak domestic […]

  • External headwinds to decelerate Korea's growth
    by KoreaTimes on January 1, 1970 at 12:00 am

    The ongoing trade conflict and a slowdown in China will continue to pose a downside risk to the Korean economy, said Christian de Guzman, vice president for sovereign risk at Moody's Investors Service. As a trade-dependent economy, Korea is projected to grow 2.1 percent this year under these […]