SINGAPORE – Development Bank of Singapore (DBS), a leading Asian bank with 200 branches in 15 markets, is implementing Wincor Nixdorf's Cash Cycle Management Solutions concept in its newly designed flagship branch in the Marina Bay Financial Center Singapore (MBFC).
SEOUL, KOREA - Kakao, the provider of KakaoTalk, a mobile messaging application and global mobile social platform based in South Korea,today released a version 2.0 update for KakaoTalk for Windows,providing a number of new features and enhancements to the popular social messenger. The 2.0 update marks the first time a voice-calling feature is available on Kakao’s desktop messaging app, and includes significant UI and UX revamps as well as a much more immersive design layout.
We have reached the age of no privacy. Nowadays, our cell phones, facebook, and other social networking sites which we may be affiliated, know almost everything about us. To join most social networking sites, we must give basic information such as name, birth date, and gender.
SEOUL, KOREA – Hyosung Corporation, a Korean industrial conglomerate, will build a solar power plant in Africa. On Monday, Hyosung announced that it has won a KRW 93 billion power project from Mozambique. The KRW 93 billion power project consists of the building of a 1.3 MW solar power plant and the construction of power supply lines and transformer substations.
SEOUL, KOREA - Construction companies are announcing depressingly low earnings performances for the fourth quarter last year. On January 28, Daewoo Engineering & Construction said in a regulatory filing that it took an operating loss of 445 billion won in the fourth quarter.
Amid a situation in which worries over the next year's economic prospect are mounting, Bank of Korea governor Lee Ju-yeol made a comment that there would be no escaping from the low-growth and deflation trap without fundamental restructuring of
SEOUL, KOREA - Phrases such as, “creative economy” or “economic democratization” can be easily found on newspapers or other news outlets these days. They are among the visions presented by the incumbent President, Park Geun-hye since she took office.
Seoul, Korea - The main reason for Korea's commercial banks to see their non-performing loan balance rise to the 7-trillion-won level was blamed on insolvency of several large corporations including STX Group. The Financial Supervisory Service said on February 28 that the ratio of non-performing loans in total loans outstanding as of the end of 2013 was 1.77 percent, up 0.44 percentage point from the previous year's 1.33 percent.
SEOUL, KOREA- POSCO chairman Chung Joon-Yang said on July 28 in a ceremony held in Yangon, Myanmar, to celebrate the kickoff of offshore natural gas commercialization, "Synergies among POSCO family members including Daewoo International are expected."