Finance
Advanced Regenerative Medicine Abused for Excessive Non-reimbursed Treatments, Hurting Indemnity Insurance... "Institutional Improvements Needed"
An analysis has found that the popularization of advanced regenerative medicine, made possible by a legal amendment in February, is highly likely to trigger excessive non-reimbursed medical treatments. This is expected to become a major factor in worsening the finances of indemnity health insurance, leading to higher premiums for honest policyholders. (See the front page of The Asia Business Daily, August 6, ''Advanced Regenerative Medicine Focuses Only on ‘Innovation’... Patients Become ‘Non-reimbursed’ Test Subjects Without Clinical Evidence'') The Korea Insurance Research Institute stated this in a report released on November 9, titled "The Impact of Introducing Advanced Regenerative Medicine Treatments on Indemnity Health Insurance." Advanced regenerative medicine refers to medical technologies that restore, maintain, or improve the function of damaged tissues or organs. Representative examples include stem cell therapy, immune cell therapy, and gene therapy. Until recently, medica
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Hana Bank Holds "Overseas Visiting Family Office Seminar" in Indonesia and Hong Kong
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NH NongHyup Bank and Korea Rural Community Corporation to Build Farmland Data Platform
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Woori Financial to Provide 116,000 Briquettes of Love to 580 Energy-Vulnerable Households
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KB Financial to Invest 110 Trillion Won in Productive Finance Over 5 Years... "Actively Fulfilling Finance's Essential Role"
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Shinhan Financial to Invest 110 Trillion Won in Productive Finance Over 5 Years: "Group to Unite Capabilities for Financial Structure Innovation"
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KakaoBank Achieves Highest 'AAA' Rating in MSCI ESG Assessment
Hana Financial Group Earns Highest 'AAA' Rating in MSCI ESG Assessment for Second Consecutive Year
Hana Financial Group announced on November 9 that it has received the highest 'AAA' rating for the second consecutive year in the 2025 ESG assessment released by Morgan Stanley Capital International (MSCI), a global ESG rating agency. The MSCI ESG assessment is a global evaluation that measures corporate sustainability and provides valuable information to investors. It is recognized as one of the most authoritative global rating agencies by investors worldwide. Each year, it assesses the ESG management status of approximately 8,500 listed companies around the world, assigning ratings across seven levels from AAA to CCC. At the end of October this year, Hana Financial Group achieved the top spot among domestic financial companies for the second consecutive year out of 576 banks assessed in the MSCI ESG banking industry evaluation, and also recorded the highest 'AAA' rating for two consecutive years, earning high marks for its ESG-focused management. In particular, this year's evaluation
K-Bank to Temporarily Suspend Services Early Morning on the 9th for Stable Operations
K-Bank announced on November 7 that it will temporarily suspend its services in the early morning of November 9 for a system update. The service suspension will last for approximately 10 hours, from 12:00 a.m. to 10:00 a.m. on November 9. During this period, all financial transactions via the K-Bank app and website will be unavailable. The affected services include: ▲new inquiries for savings and installment savings accounts and loans ▲domestic and overseas payments and cancellations with K-Bank check cards ▲deposits and withdrawals through the partnered virtual asset exchange Upbit ▲deposits and withdrawals via automated devices (CD/ATM) ▲work processing through customer consultations and the customer center ▲deposit/withdrawal or card payment notification services ▲transactions and inquiries for K-Bank accounts via other financial institutions, and more. However, transportation card functions, reporting lost check cards, and reporting voice phishing incidents will remain available th
IBK Industrial Bank of Korea Successfully Concludes 2025 Seoul Job Fair
IIBK Industrial Bank of Korea announced that it successfully concluded the "2025 Seoul Job Fair," which was jointly hosted on November 6, 2025, at Dongdaemun Design Plaza (DDP) in Seoul together with the Seoul Metropolitan Government, Korea Industrial Technology Association, and Korea Student Aid Foundation. This job fair brought together 74 small and medium-sized enterprises in Seoul, including future strategic industries such as artificial intelligence (AI), semiconductors, and biotechnology, along with more than 4,000 job seekers. On-site, interviews and consultations were conducted. Approximately 600 job seekers passed the initial interviews and will proceed to executive interviews and other steps according to each company's hiring process. Nexon Korea, Com2uS, and Pearl Abyss participated in the consultations, helping to answer job seekers' questions about employment. Additionally, IBK Industrial Bank of Korea operated various programs to support job seekers, such as a code race t
Woori Bank to Significantly Cut Costs for Exporting SMEs with Preferential Exchange Rates and Fee Waivers
Woori Bank announced on November 7 that it has launched the "Woori SME Preferred Foreign Currency Deposit" to enhance the convenience of foreign exchange transactions for small and medium-sized export and import enterprises. The "Woori SME Preferred Foreign Currency Deposit," which was launched last month, automatically applies preferential exchange rates and waives foreign exchange transaction fees in order to reduce currency exchange, remittance, and export/import-related costs for small and medium-sized export and import enterprises. SMEs and individual business owners who subscribe to this product are eligible for benefits such as a waiver of overseas remittance fees (both incoming and outgoing) once per month, as well as a full waiver of export letter of credit notification fees and import cargo delivery guarantee issuance fees during the subscription period. In addition, all 12 currencies (USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, SGD, CNY, SEK) are automatically eligible for
KB Life Employees Save 28 Lives...National Sharing Awards Minister of Health and Welfare Prize
KB Life announced on November 7 that its foundation, the KB Life Insurance Social Contribution Foundation, received the Minister of Health and Welfare Award in the Life Donation category at the National Sharing Awards. The award recognizes the achievement of employees who have donated hematopoietic stem cells over the past 18 years, saving the lives of 28 people. KB Life stated that it received the award at the 14th National Sharing Awards ceremony, which was held the previous day at KBS Art Hall in Yeouido, Seoul. The foundation launched a hematopoietic stem cell donor registration campaign in 2007 as part of its anniversary project. Over the past 18 years, 1,305 employees and planners from KB Life and KB Life Partners have registered as potential donors, saving 28 lives. Since 2020, the foundation has run a step-donation campaign using an online public interest platform. Through this initiative, it has provided 70 million won to cover hematopoietic stem cell transplant surgery costs
Woori Bank Becomes First in Financial Sector to Complete 'AI Development Support Platform'
Woori Bank announced that it has completed the establishment of the "AI Development Support Platform" on October 27, becoming the first in the financial sector to do so, and has officially begun its operation. This project is part of the AI-based management system transformation proposed in the Woori Financial Group's Future Co-Growth Project. The bank plans to implement its AX (AI Transformation) strategy in phases to quickly respond to the launch of new businesses and products and to strengthen its internal IT development capabilities. The platform built by Woori Bank supports code auto-completion, error correction, code explanation, and code structure improvement based on learned internal standard code. It is not limited to specific tasks or programming languages, and provides AI environments tailored to each type of work, enabling development support that fits the characteristics of each task. Additionally, by standardizing prompts, developers can easily utilize AI. The platform of
Eximbank: "Q4 Exports to Remain at 240 Trillion Won, Similar to Last Year"
The Overseas Economic Research Institute of the Export-Import Bank of Korea announced on November 7 that, according to its "Evaluation of Export Performance in the Third Quarter of 2025 and Outlook for the Fourth Quarter," exports in the fourth quarter of this year are expected to reach around $175 billion (approximately 240 trillion won), similar to the same period last year. The Export-Import Bank of Korea expects several factors to partially improve the challenging export environment: the continued rise in semiconductor prices since the third quarter, stronger-than-expected economic conditions in major export destinations, and increased machinery orders resulting from large-scale defense industry contracts. Total annual exports this year are projected to reach around $695 billion, up 1.7% from the previous year. A representative from the Export-Import Bank of Korea stated, "While exports to the United States are expected to continue declining as the impact of U.S. tariffs becomes mo
Woori Bank Hosts 'Woori W Seminar,' Offering Investment Insights for the KOSPI 5000 and AI Era
Woori Bank has organized an event to share investment strategies and future insights for the era of KOSPI 5000 and artificial intelligence (AI) with its high-net-worth clients. Woori Bank announced that on November 4, it held the '2025 Second Half Woori W Seminar' at the Shilla Hotel in Seoul, with around 40 high-net-worth clients in attendance. The seminar was held under the theme 'Reflecting on Future Opportunities in the Age of Artificial Intelligence' and featured sessions such as 'Investment Strategies for the KOSPI 5000 Era' and a special lecture on insights for preparing for the AI era. In the first part of the event, Park Seokhyeon, Woori Bank's chief analyst, delivered a lecture on 'Investment Strategies for the KOSPI 5000 Era', analyzing the domestic and global stock markets, which have shown an upward trend this year. He presented global asset allocation strategies and domestic investment points amid a market environment marked by both optimism and uncertainty, and suggested
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