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Friday, October 20, 2017

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The service named “Connected cars” to be launched by Shinhan Card is a smart payment service that gives vehicles a unique ID (ID) to make cars a payment instrument which makes . “My car” soon become a “credit card.”
‘Drive-through’ Payment
3 August 2017 - 3:45pm
There comes a "drive-through" payment era. In this era, you can buy things in your car even if you do not carry your credit card. Shinhan Card said that the company will launch a test for...
According to the Financial Supervisory Service (FSS,) 20 foreign financial institutions left Korea from 2014 to the first half of this year.
Not Attractive
3 August 2017 - 3:30pm
Even though the Korean government is calling for increasing the competitiveness of the financial market, 20 foreign financial companies left Korea over the past four years. In addition to a drop in...
A poster of 'TIGER Global 4th Industry Innovation Technology ETF.
Investment in Global Tech Sector
2 August 2017 - 12:15pm
Mirae Asset Global Investments announced that the company will launch an ETF which invests in the 4th Industrial Revolution related companies worldwide and to hold events for trading customers. The “...
Chinese capital has been fleeing the Seoul bourse as China is continuously putting a comprehensive pressure on South Korea over the deployment of the U.S. missile defense system THAAD.
Retaliation with Stocks
2 August 2017 - 12:15pm
As China is continuously putting a comprehensive pressure on South Korea over the deployment of the U.S. missile defense system THAAD, Chinese capital has been fleeing the South Korean stock market....
The amount of investor deposits that can be used to buy stocks surpassed the 26 trillion won (US$23.15 billion) mark in July, reaching a record high.
Stand-by Funds
2 August 2017 - 12:00pm
The amount of investor deposits that can be used to buy stocks surpassed the 26 trillion won (US$23.15 billion) mark last month, reaching a record high. As the benchmark Korea Composite Stock Price...
The Korean political circle will pursue a bill to protect investors by subjecting virtual currencies such as Bitcoin to the regulatory system.
Bitcoin Regulation Act
2 August 2017 - 10:30am
A bill to protect investors by subjecting virtual currencies such as Bitcoin to the regulatory system in Korea will be pursued by the political world. An amendment to the Electronic Financial...
The Bitcoin cash (BCC) group was divided into the BCC and "Segwit" about the upgrade of Bitcoin.
Plunged into Chaos
1 August 2017 - 11:30am
With one day before the creation of Bitcoin cash (BCC), the virtual currency market was plunged into chaos. As the uncertainty widened as the BCC group was divided into the BCC and "Segwit" about the...
Korean simple payment applications are expanding their business overseas by making partnerships with local simple payment services or using their subsidiaries’ popular overseas services.
Simple Payment Apps
1 August 2017 - 11:15am
Korea’s simple payment applications are expanding their business overseas based on the partnerships with local simple payment services or their subsidiaries’ popular overseas services. According to...
Cash assets of the top 72 companies in the KOSPI market as of March in 2017 totaled 116 trillion won (US$104.4 billion), up 54% over the past five years.
Swollen Cash Assets
1 August 2017 - 12:45am
Cash assets of the top 72 companies in the KOSPI market as of March this year totaled 116 trillion won (US$104.4 billion), up 54% over five years. Cash assets are the sum of cash held by a company...
About 2.4 trillion won (US$2.1 billion) flew into Indian funds in the Korean financial market while 810 billion won (US$729 million) went out of Chinese funds.
Indian Funds Vs. Chinese Funds
28 July 2017 - 8:30pm
This year, Chinese and Indian funds are putting up a good fight in the Korean financial market, surpassing yields of 20%, respectively. The two show a difference in the size of money flows into and...
Kakao Bank, the second online-only bank in South Korea, held its unveiling ceremony in Seoul on July 27.
Threatening Traditional Banks
28 July 2017 - 11:00am
Kakao Bank made its debut on July 27 and no less than 187,000 people opened accounts in the bank that day alone. The number is quite something in that K Bank, the first online-only bank in South...
An increasing number of South Korean companies are opting for interim dividend payment while announcing their Q2 earnings.
Dividend Payments
28 July 2017 - 11:00am
According to the Financial Supervisory Service, an increasing number of South Korean companies are opting for interim dividend payment while announcing their Q2 earnings. Those companies include...

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