Domestic banks have been fined more than 20 billion won for failing to meet the government s quota for hiring people with disabilities last year, according to data released on Thursday, a day which also marks Disabled Persons Day in Korea.
Lawmakers are moving to make public the identities of intoxicated drivers whose illegal driving results in death of another person. The information has so far remained anonymous to the public. The move comes as Bae Seung-ah, a nine-year-old elementary school student, was killed in Daejeon by a drunk driver identified by the surname Bang, 66, while walking on the street. Three others aged nine to 11 were also injured. A recording from a safety camera near the scene was released to the public through news reports and online, raising public ire.
As the virtual assets market entered a crypto winter last year, the profits of banks that offer real-name bank accounts for virtual asset transactions in Korea were also halved. The amount of the banks commission showed a downtrend last year, which was in contrast to the continuous surge observed from 2019 to 2021.
In 2017, the Korean government approved the launch of internet-only banks, aiming to boost competition in the industry and increase customer convenience. As five years have passed since then, it is time to ask, “Have internet-only banks successfully played their expected roles?”
The average annual salary of employees at five major local banks - KB Kookmin, Shinhan, Hana, NongHyup and Woori - has exceeded the 100-million-won ($80,500) mark, according to data submitted to ruling People Power Party lawmaker Rep. Yun Chang-hyun on Sunday.