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[KH Explains] Card firms increasingly hesitant over Apple Pay

To grab a bit of Apple or leave it on the shelf? That's the question that has been lingering among card companies here since Apple Pay was launched in Korea in March with initial local partner Hyundai Card. Hesitation over adopting Apple Pay entered a new phase after a parliamentary audit held on Oct. 11 raised concerns about Hyundai Card, which introduced the service at the cost of paying high commission fees t.

South koreaYang jung sukYun chang hyunPeople power partyApple payHyundai cardShinhan cardApple koreaThe korea heraldOrean newsOuth korea newsOuth korea news in englishSia newsK pop코리아 헤럴드

Korea Investment CEO summoned to parliamentary audit over allegations of unfair trade practices

Korea Investment & Securities CEO Jung Il-mun was grilled by lawmakers at a parliamentary audit session on Thursday over allegations that the company engaged in unfair trade practices as well as technology theft from a startup company.

Soult ukpyolsiSouth koreaYun chang hyunPeople power partyFair trade commissionDemocratic party of koreaNational assemblyKorea investmentHan ki jeongLee yong wooDemocratic partyJung il munUnfair trade practicesKorea investment securiteisPf exposureSouth korea

Small investors demand stern measures following illegal short selling by BNP Paribas, HSBC

Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of potentially record-high fines.

South koreaHong kongFrance generalYun chang hyunJung euiKorea stockholders allianceBnp paribasNational assemblyPeople power partyFinancial supervisory serviceHotel shillaHong kong basedKorea timesCapital markets actShort sellingCovered short selling

Banks, insurers cut 10,000 jobs amid digital shift

Commercial banks and insurance companies cut back physical branches and nearly 10,000 jobs in the past five years, becoming evermore reliant on digital technology for sales, customer support and other person-to-person services.

Soult ukpyolsiSouth koreaYun chang hyunFinancial supervisory serviceNational assemblyPeople power partySouth koreaHe korea timesOrea timesOrean news in english

Bank and Insurance Employment Declines by Nearly 10,000 Since the End of 2018

Bank and Insurance Employment Declines by Nearly 10,000 Since the End of 2018
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Soult ukpyolsiSouth koreaYun chang hyunFinancial supervisory servicePeople power partyKorea bizwirePeople power