Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Job creation lowest on record among under-30s
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Industry experts predicts tough choices as NewJeans' ultimatum nears
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NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
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Korean insurers’ overseas investments hit all-time high
[THE INVESTOR] South Korean insurance companies’ investments overseas rose to a record high in the first quarter in 2016 as they are branching out into higher-return foreign assets to combat falling yields at home.Local insurers committed US$49.4 billion for foreign assets and companies during the January-March period, up 15.9 percent from a quarter earlier or up 50.9 percent on-year, according to data from financial investment industry. The Q1 figure remarks the all-time high amount and has sur
July 21, 2016
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[EQUITIES] JB Financial Group to beat Q2 earnings expectations
[THE INVESTOR] JB Financial Group is likely to report stronger-than-expected second quarter earnings, propelled by a robust asset growth, local brokerage house Mirae Asset Securities said on July 21. “The group is expected to post 42.5 billion won (US$37.25 million) net profit in Q2 to exceed the current market consensus forecast of 40.3 billion won,” said Kang Hye-seung, an analyst at Mirae Asset said. Kang said JB Financial Group’s profit surged as its subsidiary Gwangju Bank showed a high gro
July 21, 2016