Economy
Finance
SamsungFire&MarineInsurance Reports 1.4 Trillion Won in First-Half Net Profit… Up 10.1% Year-Over-Year
SamsungFire&MarineInsurance (#SamsungFireMarineInsurance) announced on the 13th that its net income for the first half of the year rose 10.1% year-over-year to 1.374 trillion won.Net income for the se…
Finance
"If You Don't Live There, You'll Face a Tax Bomb… Where Will You Get the Money to Return the Jeonse Deposit?"
Mr. A, who rents out an apartment in Yeongdeungpo-gu, Seoul, is very worried as his jeonse contract is set to expire in October. The market value of Mr. A’s apartment exceeds 1.5 billion won, but he c…
Finance
Woori Bank CEO Jeong Jin-wan Participates in ‘Finance That Saves Lives’ Campaign… Takes the Lead in Inclusive Finance
Jeong Jin-wan, CEO of Woori Bank, has joined the “Finance That Saves Lives” relay campaign aimed at preventing damage from illegal private lending and supporting financial services for low-income citi…
Finance
Kbank to Waive Overseas Transfer Fees Up to 10 Times Through the End of the Year
#Kbank has launched a campaign to attract international money transfer customers ahead of the new semester for students studying abroad. The bank will waive international money transfer fees up to 10 …
Finance
“Will Insurance Payouts Be Reduced?”… AI Has Made Its Way into Insurers’ Core Operations
As the use of generative artificial intelligence (AI) rapidly expands across various industries, the insurance sector has reached a point where AI is now involved in the claims review process. Moving …
Finance
KakaoBank Corp. Expands Interest-Supported Loans for Small Business Owners Nationwide… Reducing Interest Rates by Up to 4 Percentage Points
KakaoBank Corp.(323410)has become the first internet-only bank to partner with credit guarantee foundations in all 17 cities and provinces nationwide to establish a network of interest-subsidized loan…
Finance
Kbank Expands Services to Reduce Telecom Bills and Offer AI Auctions… Strengthening “Everyday Finance”
#Kbank is enhancing its artificial intelligence (AI) capabilities to provide real estate auction information. It is also launching lifestyle-oriented services ranging from comparisons of budget mobile…
Finance
KakaoBank Corp. Reports First-Half Net Profit of 328 Billion Won, a "Record High"
Kakao Bank ( KakaoBank Corp.(323410)) posted a first-half net profit of 328 billion won, setting yet another record high for a half-year period. This was driven by balanced growth not only in interest…
Finance
Government Tightens Restrictions on Jeonse Loans… How Far Do Exceptions for Genuine Buyers Extend?
Following the government’s decision to increase the tax burden on non-resident single-homeowners through tax reforms, it has also signaled plans to tighten financial regulations, drawing attention to …
Finance
Kbank Adopts ‘Agentic AI’ to Support the Entire Development Process… Boosting Productivity
#Kbank has introduced “Agentic AI,” an autonomous artificial intelligence (AI) system that supports the entire development process—from code generation to system analysis and internal information sear…