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Finance

Banks

Sun, March 29, 2020 | 06:56

Hana Bank's new money transfer service

Hana Bank's new money transfer service

Tottenham Hotspur footballer Son Heung-min promotes Hana Bank's new service in this file photo. The lender said Friday it has launched a mobile automatic money transfer service through which small companies and the self-employed will be able to register their frequent transaction data in their mobile app. This enables customers to make regular transactions more easily.

Lee Min-hyung | 2020-03-27 16:05

Eximbank to launch 20 tril fund for virus-hit firms

Eximbank to launch 20 tril fund for virus-hit firms

The Export-Import Bank of Korea (Eximbank) will launch a 20 trillion won ($16.3 billion) emergency fund for local firms suffering financial setbacks from the coronavirus, the state-run lender said Thursday. The move comes after the spread of COVID-19 here is on track to paralyze the export-driven local economy. Companies with a heavy reliance on overseas markets have been hit...

2020-03-26 17:07

Hearing from virus-hit merchants

Hearing from virus-hit merchants

Woori Financial Group Chairman Son Tae-seung, second from left, and Woori Bank CEO Kwon Kwang-seok, third from left, speak with Namdaemun Market merchants at Woori Bank's branch nearby the market in central Seoul, Wednesday. It was Son's first branch visit after he was reappointed as group chairman for a second-term at a shareholders meeting the same day. / Courtesy of Woori ...

Kim Bo-eun | 2020-03-26 16:20

Shinhan chairman reappointed

Shinhan chairman reappointed

Shinhan Financial Group Chairman Cho Yong-byoung was officially reappointed to another three-year term at a general shareholders meeting Thursday, overcoming opposition from the group's largest shareholder, the National Pension Service, and the world's largest proxy advisory service provider Institutional Shareholder Services over his alleged cronyism.

Park Jae-hyuk | 2020-03-26 15:40

Reappointment paves way for Son to push for M&As

Reappointment paves way for Son to push for M&As

Woori Financial Group's shareholders approved a second term for Son Tae-seung as group chairman, Wednesday, paving the way for him to go forward with his plan to turn Woori into a leading financial group. His official term is three years, ending in March 2023.

Kim Bo-eun | 2020-03-25 17:10

Korean banks expand presence in Southeast Asia

Korean banks expand presence in Southeast Asia

Korean banks have strengthened their foothold in Southeast Asia by opening more branches and corporate entities in the rapidly-growing market, the Financial Supervisory Service (FSS) said Wednesday. According to data from the financial watchdog, the number of Korean bank outlets operating abroad - corporate bodies, branches and offices - came to 195 in 39 countries at the end...

Anna J. Park | 2020-03-25 16:44

BOK to begin supplying dollars under US currency swap deal next week: official

BOK to begin supplying dollars under US currency swap deal next week: official

South Korea is seeking to begin supplying U.S. dollars under its bilateral currency swap arrangement with the United States next week, a Bank of Korea (BOK) official said Wednesday, a move that is widely expected to help ease dollar shortage caused by the new coronavirus pandemic.

2020-03-25 13:09

Woori Bank new chief vows organizational overhaul

Woori Bank new chief vows organizational overhaul

Woori Bank appointed Kwon Kwang-seok as its CEO at the bank's shareholder meeting held Tuesday. Kwon pledged to overhaul the bank's organization to restore customer trust, after Woori suffered major damage in reputation last year based on its mis-selling of investment options referred to as derivative-linked funds (DLF).

Kim Bo-eun | 2020-03-24 19:51

Citibank Korea spearheads culture of gender-equality and work-life balance

Citibank Korea spearheads culture of gender-equality and work-life balance

Citibank Korea boasts an excellent corporate culture that puts an emphasis on gender equality and work-life balance. Currently, the Korea franchise of the global financial institution Citigroup has six female executive officers accounting for 46 percent of the total 13 executive directors, which gives the bank one of the highest gender ratios for executives in the local marke...

2020-03-24 17:42

Eximbank issues commercial papers worth $1 billion

Eximbank issues commercial papers worth $1 billion

The Export-Import Bank of Korea (Eximbank) has raised a total of $1.02 billion (1.28 trillion won) by issuing foreign currency-denominated commercial papers in order to provide local firms with easier access to foreign currencies, the state-run lender said Tuesday.

Lee Min-hyung | 2020-03-24 16:15

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