| Mobile Web

Search results for Public pension

Finance

Korea Post launches \'My All Day\' debit card targeting middle-aged customers

The Ministry of Science and ICT’s Postal Service said it launched the \'Post Office My All Day Debit Card\' on Aug. 18, reflecting key spending patterns of middle-aged customers. The card offers 5 percent cashback in areas such as dining, health, exercise, culture, leisure, travel and shopping, and 10 percent cashback on postal services including postage, EMS and Post Office Shopping. Cashback benefits can total up to 30,000 won a month depending on transaction performance.

Finance

Shinhan Bank to offer additional SOL Mate time deposit up to 3.5 percent

Shinhan Bank will launch an additional sale of its Shinhan SOL Mate time deposit for customers aged 50 and above, offering an annual interest rate of up to 3.5 percent. The bank decided to conduct a fifth special sale worth 300 billion won after the caps for the first to fourth special sales were fully used. The 12-month product offers a base rate of 3.3 percent, with up to 0.2 percentage points in preferential interest.

Industry

SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing

SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.