KoreaTimes(126) - Banks, Finance, page 9

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Banks

Thu, October 28, 2021 | 20:08

For more finance jobs

Financial Services Commission Chairman Eun Sung-soo, center, poses after meeting the leaders of the nation's top five financial holding firms. He urged them to expand recruitment efforts for young jobseekers here. From left are: Hana Financial Group Vice Chairman Ham Young-joo, Woori Financial Group Chairman Son Tae-seung, Shinhan Financial Group Chairman Cho Yong-byoung, Eun...

Lee Min-hyung | 2021-08-10 17:23

[ANALYSIS] KakaoBank being granted 'special treatment'

KakaoBank, a banking subsidiary of IT giant Kakao, is being exempted from a financial regulation, in what traditional financial group-affiliated lenders consider an “undue favor” exploiting its status as an internet-only bank, industry sources said Tuesday.

Lee Kyung-min | 2021-08-10 17:21

Banking group CEOs spearhead digital transformation

Leaders of the country's major banking groups are seeking innovative strategies to digitally transform their firms as the competition with tech companies, using the competitive power of their platforms to muscle into the financial sector, grows fiercer. The CEOs are especially pursuing the creation of comprehensive platforms, backed by up-to-date technologies, that bring toge...

Yi Whan-woo | 2021-08-10 15:47

Banking groups on alert over hawkish regulators

Korea's banking groups are on growing alert over the newly appointed chiefs of local financial regulators, who have been sending repeated signals of adopting principle-based regulations.

Lee Min-hyung | 2021-08-09 16:56

KakaoBank becomes 12th-largest market cap company on KOSPI

KakaoBank was listed on the KOSPI, Friday, in one of most expected IPOs of the year, and ended the day with a positive performance. The internet-only bank's initial price was set at 53,700 won at the beginning of Friday's session, 37.7 percent higher than the offering price of 39,000 won. Despite failing to reach its maximum possible start - a 200 percent jump - the stock con...

Anna J. Park | 2021-08-06 17:06

Bankers disappearing amid full-scale digitization

The number of bank branches in the country is decreasing swiftly due mainly to accelerated digitization of banking services, and resultantly the number of bankers voluntarily leaving the country's five major banks during the first half of this year stood at over 2,600 - around one third of the entire number of bankers who have left the industry over the past decade.

Anna J. Park | 2021-08-05 16:15

Record FX reserve helps to offset external risks

A further increase in foreign exchange reserves in July continued to help assure Korea's economic stability against external risks, especially in the wake of the fourth wave of COVID-19 infections, according to analysts, Wednesday.

Yi Whan-woo | 2021-08-04 16:54

K bank reports first-ever quarterly profit

K bank is on track to improve its financial fundamentals ahead of its planned initial public offering (IPO) possibly set for 2023 at the earliest. The internet-only bank achieved its first quarterly profit in the April-June period since it was launched in 2017.

Lee Kyung-min | 2021-08-03 16:45

Banks shuttering branches despite FSS warnings

Major banks plan to reduce the number of branches by at least 100 in the second half of this year, despite recommendations from the Financial Supervisory Service (FSS) against doing so.

Lee Kyung-min | 2021-07-31 09:20

Top 4 Korean banks receive favorable reviews from Fitch

Fitch Ratings revised its outlooks on the long-term issuer default ratings (IDRs) of Shinhan and KB Kookmin banks to “stable” from “negative,” while upgrading the long-term IDRs of Hana and Woori banks to “A” from “A-,” after all of the holding companies of the lenders announced record-high half-yearly earnings this month.

Park Jae-hyuk | 2021-07-30 16:20

1 2 3 4 5 6 7 8 9 10

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.