Korea Finance

IBK advised to reimburse up to 80% of Discovery losses

Investors protest outside the main branch of the Industrial Bank of Korea in Jung District, central Seoul, last year. [NEWS1] The state-run Industrial Bank of Korea (IBK) is expected to reimburse up to 80% of structured fund losses through Discovery Asset Management, according to a recommendation from the Financial Supervisory …

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US, Korea strengthen ties and news on Korean startups

South Korea strengthens its economic ties with the United States when President Moon Jae-in meets with US President Joe Biden in Washington DC. The two countries pledge to invest in various businesses and share common goals. Blockchain start-up Firmachain is updating its features for more developers to experience blockchain technology …

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Get a bang, take a day off – or three

Medical personnel vaccinate a citizen in central Seoul on Thursday. [YONHAP] Some of the biggest Korean companies, including Samsung and LG, have decided to give employees paid time off when they get their Covid-19 vaccine – up to three days. Samsung Electronics, Korea’s largest company by market capitalization, announced internally …

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