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Wed, November 13, 2019 | 10:35
IBK supports fintech startups
IBK supports fintech startups
Industrial Bank of Korea (IBK) CEO Kim Do-jin, fourth from right, Financial Services Commission (FSC) Vice Chairman Sohn Byung-doo, fifth from right, and Fintech Center Korea Chairman Jung Yoo-shin, right, applaud at the opening ceremony of the IBK 1st Lab at the IBK Finance Tower in Seoul, Wednesday. After opening the space for fintech startups, the IBK said it will invest 5...
2019-09-25 16:03
Financial group shares lose momentum on foreign selloff
Financial group shares lose momentum on foreign selloff
Korea's financial groups have enjoyed record high earnings in 2019, but their share prices have remained sluggish due to foreign selloff caused by a series of skeptic outlooks on their future earnings.
2019-09-25 15:27
Fitch warns of Korean banks' rapid expansion in ASEAN
Fitch warns of Korean banks' rapid expansion in ASEAN
Fitch Ratings has warned of risks inherent in rapid expansion of Korean financial companies in the Southeast Asian market, saying their strategies will have a negative impact on their operating environment scores and credit ratings.
2019-09-24 16:54
FSS chief with bank CEOs
FSS chief with bank CEOs
Financial Supervisory Service Governor Yoon Suk-heun, fourth from left in front row, poses with CEOs of banks at the Korea Federation of Banks building in Myeong-dong, central Seoul, Monday. Yoon urged the banks to fix their merit-based pay and internal control systems so that huge consumer losses in financial products such as the one surrounding derivative-linked-funds do no...
2019-09-24 16:49
Regulations brake firms bidding for internet banks
Regulations brake firms bidding for internet banks
Financial authorities plan to receive preliminary applications for the nation's new internet-only banks next month, but no potential major contenders, including large companies, have officially displayed an interest.
2019-09-23 17:33
Korea's financial groups enhance 'responsible banking'
Korea's financial groups enhance 'responsible banking'
Korea's two leading financial groups vowed their continued commitment to join global efforts for a more sustainable finance system, the groups said Monday.
2019-09-23 17:05
Woori chief vows to restore customer trust
Woori chief vows to restore customer trust
Woori Financial Group would cooperate in processes to compensate customers who suffered major losses from derivatives-linked funds (DLF) sold by the bank, group Chairman Sohn Tae-seung said Monday.
2019-09-23 16:21
Marathon with blind people
Marathon with blind people
Standard Chartered (SC) Bank Korea employees walk with blind people in Yeouido Hangang Park, Seoul, Saturday, to participate in a marathon as their guide runners. The bank has participated in the race annually since 2015 to raise awareness about visual impairment. / Courtesy of SC Bank Korea
2019-09-23 15:30
SC Korea rolls out discount debit card
SC Korea rolls out discount debit card
Standard Chartered (SC) Bank Korea introduced the New Time Card, the bank's new discount debit card, earlier this month, the British commercial bank's unit in Korea said Sunday.
2019-09-22 17:10
Woori, KEB Hana to compensate DLF investors
Woori, KEB Hana to compensate DLF investors
Woori Bank and KEB Hana Bank are expected to compensate investors that are set to see losses from high-risk derivative products sold by the two banks, sources said Sunday.
2019-09-22 17:01
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