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Finance

Banks

Wed, November 13, 2019 | 12:07

FSC chief to meet ambassadors of India, ASEAN nations

FSC chief to meet ambassadors of India, ASEAN nations

Financial Services Commission (FSC) Chairman Eun Sung-soo will participate in the Korea Federation of Banks' (KFB) meeting with ambassadors of India and 10 member countries of the Association of Southeast Asian Nations (ASEAN), according to bank officials, Friday.

Park Jae-hyuk | 2019-10-08 16:06

Banks in dilemma over branch downsizing

Banks in dilemma over branch downsizing

Banks are in a difficult position as the increasing use of mobile banking is eliminating the need for brick and mortar branches, but shuttering these limits their provision of services for the elderly.

Kim Bo-eun | 2019-10-07 19:22

Banks to overhaul employee evaluation system

Banks to overhaul employee evaluation system

Woori Bank and KEB Hana Bank have decided to overhaul their employee evaluation system to prioritize customer satisfaction over profit in a bid to avoid the recurrence of the mis-selling of high-risk products.

Lee Kyung-min | 2019-10-07 17:42

Citibank Korea's new office to speed up digitization

Citibank Korea's new office to speed up digitization

Citibank Korea has relocated its key departments to a new office in Yeongdeungpo, southwestern Seoul, stepping up its efforts to better achieve digitization and workforce efficiency, it said Monday.

Lee Kyung-min | 2019-10-07 17:42

KB supports local child centers

KB supports local child centers

KB Kookmin Bank CEO Hur Yin, left, talks to a child at a local children's center in Gwangmyeong, Gyeonggi Province, Oct. 2. As part of the bank's social contribution program, KB Kookmin Bank has provided study materials for children between fourth and sixth grade at local children's centers across the country since September. / Courtesy of KB Kookmin Bank

Jhoo Dong-chan | 2019-10-06 16:34

Woori seeks to boost non-banking via Lotte Card acquisition

Woori seeks to boost non-banking via Lotte Card acquisition

Woori Financial Group is expected to boost its credit card operations after acquiring Lotte Card in a consortium with MBK Partners, according to industry officials, Thursday.

Lee Kyung-min | 2019-10-03 17:22

KB, IBK compete for banking license in Myanmar

KB, IBK compete for banking license in Myanmar

KB Kookmin Bank and Industrial Bank of Korea (IBK) want to enter the Myanmar banking market, officials from each bank said Thursday.

Jhoo Dong-chan | 2019-10-03 17:00

KEB Hana-PAYCO alliance

KEB Hana-PAYCO alliance

KEB Hana Bank foreign exchange division head Cho Jong-hyeong, left, holds an MOU with NHN PAYCO director Choi Myeong-hwan during the MOU signing ceremony at the bank's head office in Seoul, Wednesday. Under the deal, the two parties jointly offer overseas wire transfer services at lower remittance fees. / Courtesy of KEB Hana Bank

Jhoo Dong-chan | 2019-10-02 19:22

Woori chairman visiting Mideast, Europe, North America for IR

Woori chairman visiting Mideast, Europe, North America for IR

Woori Financial Group Chairman Sohn Tae-seung is set to visit the Middle East, Europe and North America to meet and attract potential institutional investors.

Jhoo Dong-chan | 2019-10-02 19:21

Shinhan allowed to apply Basel II in Vietnam

Shinhan allowed to apply Basel II in Vietnam

Shinhan Bank Vietnam has become the first foreign bank and the 11th lender in Vietnam approved to apply the Basel II standard, the commercial bank said Wednesday.

Park Jae-hyuk | 2019-10-02 16:51

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