President Eun-bo Jung, “The Terra-Luna incident is concerned about a decrease in market confidence”
Jeong Eun-bo, the head of the Financial Supervisory Service. Source = Financial Supervisory Service Financial Supervisory Service Commissioner Jeong Eun-bo mentioned that the recent sharp drop in the price of the stablecoins TerraUSD (UST) and Luna tokens is a situation that is concerned about the deterioration of trust in the virtual asset market and possible […]
Seoul Milk Ranked 1st in the Milk Category in the National Brand Competitiveness Index for 13 Consecutive Years
Seoul Milk. Source = Seoul Milk Cooperative Association Seoul Milk Cooperative announced on the 16th that it was selected first in the milk sector in the National Brand Competitiveness Index (NBCI) for each industry surveyed by the Korea Productivity Center in 2022 and achieved the first place for 13 consecutive years. The National Brand Competitiveness […]
[뉴욕증시 포커스] Virtual asset anxiety is a ‘double bad’… Dow fell for 6th day
The New York stock market ended generally bearish amid concerns about inflation and a risk-averse sentiment following a plunge in several cryptocurrencies amid the announcement of producer prices in April. The Dow ended lower for the sixth straight day. The New York Stock Exchange ended broadly weak. Source = Yonhap News On the 12th (local […]
US inflation 8.3% in April… prolonged inflationary pressure
“The possibility that the Fed’s big-step stance will continue… There is room for a 75bps rate hike” Traders work at the entrance hall of the New York Stock Exchange (NYSE) in the United States on the 11th (local time). The New York stock market fell as concerns over inflation continued as the Consumer Price Index […]
GSK Consumer Healthcare Korea appoints Shin Dong-woo as CEO
Shin Dong-woo, President and CEO of GSK Consumer Healthcare Korea. GSK Consumer Healthcare Korea announced on the 2nd that it has appointed Shin Dong-woo as the new head of its Korean subsidiary. President Shin is known as an expert who successfully led the domestic business of various global brands through the consumer health care and […]
Jeong Eun-bo, head of the Financial Supervisory Service, held a meeting with the CEO of a foreign financial company
Jeong Eun-bo, the head of the Financial Supervisory Service. Source = Financial Supervisory Service Financial Supervisory Service Commissioner Jeong Eun-bo had a meeting with the CEO of foreign financial companies and urged them to manage potential risks in preparation for internal and external shocks. The Financial Supervisory Service announced on the 29th that it had […]
[취재파일] ‘The country of delivery’ where no one is happy
Major delivery apps that gained popularity with ‘single delivery’ stopped their promotional activities one after another. In order to deliver food, it was common to handle three or four cases at a time, but as one delivery driver went to several places, later recipients of the food were bound to complain that the delivery was […]
Financial Supervisory Service, ‘Shinhan Card Illegal Use’ Separate Occasional Inspection
Financial Supervisory Service. Source = Economic Review DB The Financial Supervisory Service (FSS) announced on the 15th that it had instructed Shinhan Card, which had recently suffered a fraudulent use accident, to make an active effort to relieve damage to consumers. The Financial Supervisory Service plans to conduct separate and frequent inspections on the circumstances […]
MG Insurance, on sale again after 9 years… Impact of insolvent financial institutions
(Source = MG Insurance) The Financial Services Commission (hereinafter referred to as the Financial Services Commission) has decided to designate MG Insurance as an insolvent financial institution and proceed with reorganization procedures such as public sale. It has been about 9 years since the company started anew under the name of MG Non-Life Insurance in […]
The world screams, the biggest price hike in decades… Korea’s interest rate hike inevitable
A placard related to real estate loans hung in front of a bank in Seoul. yunhap news The world’s major economies are marching high, recording their first price surge in decades. International oil prices soared due to the Russian invasion of Ukraine, and the risk of invasion was reflected in the economy as a whole. […]
