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Finance

Banks

Tue, March 9, 2021 | 01:33

Woori privatization plan losing momentum

Woori privatization plan losing momentum

Woori Financial Group's planned privatization has hit another snag after its recent decision to reduce dividend payouts.

Lee Min-hyung | 2021-03-07 15:01

SC to follow Citi's decision to reduce dividends

SC to follow Citi's decision to reduce dividends

Foreign banks here are expected to abide by the Financial Services Commission's (FSC) guideline to cut their dividends after Citibank Korea decided to lower its 2020 payout ratio to 20 percent.

Lee Min-hyung | 2021-03-03 15:42

Woori to inject 43 trillion won for Korean New Deal

Woori to inject 43 trillion won for Korean New Deal

Woori Financial Group will inject an additional 43 trillion won ($38 billion) for Korean New Deal projects and innovative financing by the end of 2025, the banking group said Monday.

Park Jae-hyuk | 2021-03-01 16:09

Loan interest rates rise sharply

Loan interest rates rise sharply

Whether they're credit loans or mortgages, the nation's retail loan interest rates are rising sharply, posing an increasing burden on people who borrowed money from financial institutions.

Anna J. Park | 2021-03-01 10:01

Elon Musk's bitcoin support boosting K bank

Elon Musk's bitcoin support boosting K bank

K bank is enjoying the benefits from its partnership with Upbit, a Seoul-based digital currency exchange, after Tesla CEO Elon Musk expressed his interest in Dogecoin. Upbit is the only exchange here trading the meme-based cryptocurrency.

Lee Min-hyung | 2021-02-26 13:35

Hana chairman may replace bank CEO

Hana chairman may replace bank CEO

Hana Bank Vice President Park Sung-ho may be promoted to become the lender's next leader, replacing incumbent chief Ji Sung-kyoo whose term ends in March.

Lee Min-hyung | 2021-02-25 13:39

Woori chairman likely to avoid heavy sanctions

Woori chairman likely to avoid heavy sanctions

The Financial Supervisory Service (FSS) appears to be about to readjust its punishment of Woori Financial Group Chairman Son Tae-seung - which the regulator had already given him pre-notification of - regarding his failure to prevent Woori Bank's mis-selling of Lime Asset Management funds that caused huge losses for investors last year.

Park Jae-hyuk | 2021-02-24 15:29

NongHyup in quandary over dividend policy

NongHyup in quandary over dividend policy

NongHyup (NH) Financial Group is trying to decide on whether to reduce its dividend offerings, as financial watchdogs ratchet up pressure on the firm to maintain financial soundness by scaling down its profit returns amid the pandemic uncertainty.

Lee Min-hyung | 2021-02-22 16:54

Korean financial leaders promoting ESG amid fears of stock declines

Korean financial leaders promoting ESG amid fears of stock declines

The leaders of Korea's major financial holding firms will keep scaling up investments in environmental, social and corporate governance (ESG), identifying it as the most effective way to hedge against possible stock price declines, industry sources said Wednesday.

Lee Min-hyung | 2021-02-22 09:07

IBK likely to appoint union-backed outside director

IBK likely to appoint union-backed outside director

Industrial Bank of Korea (IBK) may end up having at least one outside director recommended by its labor union, an easier task since the state-run lender has greater discretion in the appointment of such figures unlike their commercial counterparts that need approval from shareholders.

Lee Kyung-min | 2021-02-21 16:44

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