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Finance

Banks

Fri, November 27, 2020 | 09:17

Woori Financial considers acquiring venture capital

Woori Financial considers acquiring venture capital

As Woori Financial Group is the only financial group out of the country's top five - alongside Shinhan, Hana, KB and NongHyup - without its own brokerage unit, the group has been aiming to acquire a securities firm to maximize its profit structure.

Anna J. Park | 2020-11-26 16:16

One-off allowances cost Shinhan

One-off allowances cost Shinhan

Shinhan Bank reported steep earnings declines for the third quarter in its major overseas markets - such as China and Vietnam - as a result of allocating higher allowances for potential bad debts amid the unceasing economic uncertainty surrounding the COVID-19 pandemic, the lender said Tuesday.

Lee Min-hyung | 2020-11-24 16:33

Korean banks downsizing workforce

Korean banks downsizing workforce

Korean banks are downsizing their workforces and reducing the number of new job openings, as the rapid rise of digital banking has cut lenders' demand for staff that carry out conventional banking-related tasks, according to data and industry officials.

Lee Min-hyung | 2020-11-23 16:49

Yoon Jong-kyoo tightening leadership of KB

Yoon Jong-kyoo tightening leadership of KB

Yoon Jong-kyoo is solidifying leadership of KB Financial Group, after shareholders approved him to continue the current job for a third term.

Kim Bo-eun | 2020-11-20 17:13

Citibank Korea leads efforts to respond to climate change

Citibank Korea leads efforts to respond to climate change

Citibank Korea signed a sponsorship agreement with World Wide Fund for Nature (WWF) Korea for “Change Now for Tomorrow” - a climate-action partnership - while the Citi Foundation donated $250,000 (280 million won), the bank said Wednesday.

2020-11-18 15:52

Shinhan declares 'zero carbon' drive

Shinhan declares 'zero carbon' drive

Shinhan Financial Group has declared its vision to go carbon-neutral by 2050, the first such move by a financial services firm in Southeast Asia, according to the group, Sunday.

Lee Kyung-min | 2020-11-15 17:02

Korea's money supply grows at fast clip in September

Korea's money supply grows at fast clip in September

Korea's money supply continued to grow quickly in September as firms rushed to secure funds amid the coronavirus pandemic, central bank data showed Friday.

2020-11-13 17:16

KB Kookmin Bank CEO Hur to serve third consecutive term

KB Kookmin Bank CEO Hur to serve third consecutive term

KB Kookmin Bank's incumbent CEO Hur Yin has been re-elected to serve a third consecutive term as CEO until the end of next year, becoming the first to do so at the bank.

Kim Jae-heun | 2020-11-12 17:07

NongHyup Financial speeds up global expansion

NongHyup Financial speeds up global expansion

NongHyup Financial Group is accelerating a drive to expand its global presence amid tough business conditions here.

Kim Bo-eun | 2020-11-12 15:24

Shinhan facing calls to replace Korean-Japanese directors

Shinhan facing calls to replace Korean-Japanese directors

Shinhan Financial Group is facing repeated calls to improve the diversity and expertise of its outside directors, of which those of ethnic Koreans with Japanese nationality comprise 36 percent.

Kim Bo-eun | 2020-11-11 17:01

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