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Finance

Non-banks

Tue, January 26, 2021 | 20:15

Deloitte Anjin accountants indicted by prosecutors amid feud with Kyobo Life

Deloitte Anjin accountants indicted by prosecutors amid feud with Kyobo Life

Following a nine-month investigation, the Seoul Central District Prosecutor's Office indicted three accountants at Deloitte Anjin as well as two officials from Affinity Equity Partners earlier this week on charges of violating Korea's Certified Accountant Act that requires chartered accountants to remain impartial and maintain good faith. The law prohibits chartered accountan...

Anna J. Park | 2021-01-19 17:13

Why does Mirae Asset founder side with Beijing against Jack Ma?

Why does Mirae Asset founder side with Beijing against Jack Ma?

Mirae Asset Financial Group founder Park Hyeon-joo has drawn attention from domestic investors, after he publicly gave support to Beijing's ongoing regulations on Ant Group and Jack Ma, the largest shareholder of the e-commerce giant Alibaba Group's fintech arm.

Park Jae-hyuk | 2021-01-17 15:58

Kyobo pushes for 'digital innovation'

Kyobo pushes for 'digital innovation'

Kyobo Life Insurance Chairman Shin Chang-jae has pledged to inject innovative spirit into the firm's digital business, as one of his top management goals for 2021.

Lee Min-hyung | 2021-01-10 15:45

China's crackdown on Jack Ma concerns KakaoPay

China's crackdown on Jack Ma concerns KakaoPay

KakaoPay is facing growing concerns over its second-largest shareholder, Alipay, after Beijing's financial authorities have intensified their crackdown on Jack Ma, the founder of Alibaba Group and the largest shareholder of Ant Group which operates China's leading mobile payment service.

Park Jae-hyuk | 2021-01-04 16:39

Jack Ma's absence from public view fuels speculation about billionaire's whereabouts

MBK to select scholarship awardees

MBK to select scholarship awardees

The MBK Scholarship Foundation, which was established in 2007 using MBK Partners Chairman Michael Byungju Kim's own money, will select scholarship awardees among low-income students who will enter university next year, the foundation said Monday.

Park Jae-hyuk | 2020-12-21 15:21

Mirae Asset Daewoo promotes Kim, Min to executive presidents

Mirae Asset Daewoo promotes Kim, Min to executive presidents

Mirae Asset Daewoo promoted Kim Byung-yoon and Min Kyung-boo to executive president positions, Wednesday.

Kim Bo-eun | 2020-12-09 16:33

Samsung gives another chance to financial units' CEOs

Samsung gives another chance to financial units' CEOs

The top executives of Samsung's financial services subsidiaries have retained their seats in the latest reshuffle, despite the multiple challenges they have faced due to sanctions from financial authorities and the COVID-19 pandemic.

Park Jae-hyuk | 2020-12-07 16:28

Toss operator in hot seat for partnership with police

Toss operator in hot seat for partnership with police

Viva Republica, the operator of mobile money transfer app Toss, has come under fire on social media for its latest partnership with the National Police Agency formed to prevent online fraud.

Park Jae-hyuk | 2020-12-03 16:22

Mirae Asset's overseas profits exceed W244 bil.

Mirae Asset's overseas profits exceed W244 bil.

Mirae Asset's cumulative profits from 40 overseas branches in a dozen countries during the first three quarters of this year stood at 244.3 billion won ($222 million), exceeding the 238.3 billion won earned for all of 2019.

Anna J. Park | 2020-12-02 16:11

Merrill Lynch Seoul's hefty dividend payment raising stir

Merrill Lynch Seoul's hefty dividend payment raising stir

Merrill Lynch International's Seoul branch sent a large sum of money to its United States headquarters again this year, despite continuous backlash against the annual practice of foreign brokerages that transfer the national wealth back to their own countries.

Park Jae-hyuk | 2020-11-25 15:28

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