Hana Financial Group Chairman Ham Young-joo had a discussion over the global and Korean economies as well as financial industries with renowned investor Jim Rogers.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has emphasized the Korean financial market s enhanced market access as well as consistency in regulations for global investors during his overseas investor relations event held in Singapore on Tuesday. Lee has been on a five-day overseas visit to three Southeast Asian countries ― Thailand, Singapore and Indonesia ― since Monday, along with representatives of many Korean financial firms.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun is slated to visit Singapore and Indonesia in the second week of May, aiming to support Korean financial companies overseas business operations.
Insurance companies have set as this year s priority expanding their in-house digital-related units or seeking partnerships with fintech firms to increase their tech capabilities. This move is more salient among life insurance companies than their non-life peers, so as not to lag behind the more tech-savvy financial sector. KB Life, which started anew from January this year after consolidating its systems with Prudential Life, which the company acquired in 2020, said it has launched a new Digital Transformation (DT) headquarters.
The heads of Korea s five major financial groups had a common focus in their New Year s messages: the importance of risk management and a sustainable growth strategy amid heightened economic risks. In his New Year s message, KB Financial Group Chairman Yoon Jong-kyu stressed stable growth, as he forecast the economy will witness a decline in real purchasing power and weakened consumer sentiment this year, with continuing uncertainties on both the global and domestic economic fronts.