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Finance

Banks

Wed, November 13, 2019 | 11:07

Banks engaged in mis-selling of DLF options: FSS

Banks engaged in mis-selling of DLF options: FSS

Woori and KEB Hana Bank engaged in mis-selling of derivative products that caused major losses for investors, the Financial Supervisory Service (FSS) said Tuesday. They also continued the sales of the options despite the drop in interest rates of underlying assets, and skipped procedures to determine the risks of the products, the FSS confirmed in a briefing after a month of ...

Kim Bo-eun | 2019-10-01 17:10

Why did Shinhan paint new platform black, not blue?

Why did Shinhan paint new platform black, not blue?

The most eye-catching design feature of the website of Shinhan Financial Group's Inno Talk platform may be its black color, which seems unrelated to the banking group that uses blue as its brand identity.

Park Jae-hyuk | 2019-10-01 16:06

Korean banks going through tough times in China

Korean banks going through tough times in China

Korean banks' operations in China are faltering due to a mixture of the financial authorities there tightening regulations and the aftermath of the prolonged U.S.-China trade war that has slowed the performance of Chinese firms, data showed Monday.

Park Jae-hyuk | 2019-09-30 17:00

Reading books with children

Reading books with children

KB Kookmin Bank CEO Hur Yin reads a book with children at Inhoo Vision Small Library in Jeonju, North Jeolla Province, Friday. The bank reopened the renovated library that day, so that children and teenagers can become familiar with books. / Courtesy of KB Kookmin Bank

Park Jae-hyuk | 2019-09-30 15:43

Workshop for overseas staff

Workshop for overseas staff

NongHyup Financial Group Chairman Kim Gwang-soo, front row eighth from left, holds hands with employees from NongHyup's branches abroad during a workshop for overseas staff at the group's headquarters in Seoul, Thursday. NongHyup said 34 overseas workers visited Korea from Monday to Saturday, to learn about the group's global business strategies. / Courtesy of NongHyup Financ...

Park Jae-hyuk | 2019-09-29 14:50

Sales of high-risk derivatives nearly double over 2 years

Sales of high-risk derivatives nearly double over 2 years

The sales of high-risk derivative financial products have nearly doubled over the past two years, fueling concerns that a far greater number of investors will see their losses snowball in the months to come, data showed Friday.

Lee Kyung-min | 2019-09-27 22:05

KB Financial chief stresses customer satisfaction on 11th anniversary

KB Financial chief stresses customer satisfaction on 11th anniversary

KB Financial Group Chairman Yoon Jong-kyoo stressed the importance of customer satisfaction during the group's 11th anniversary event.

Jhoo Dong-chan | 2019-09-27 17:38

KDB seeks to acquire Indonesia's Tifa Finance

KDB seeks to acquire Indonesia's Tifa Finance

The state-run Korea Development Bank (KDB) is seeking to acquire Indonesia's PT Tifa Finance, sources said Thursday.

Jhoo Dong-chan | 2019-09-26 19:20

KB chairman to visit Europe, North America for IR

KB chairman to visit Europe, North America for IR

KB Financial Group Chairman Yoon Jong-kyoo, who left for investor roadshows (IR) in Hong Kong and Australia in April, is set to visit Europe and North America to meet and attract potential institutional investors in October and November, the financial group said.

Jhoo Dong-chan | 2019-09-26 19:19

Citibank's diversification strategy shines amid downturn

Citibank's diversification strategy shines amid downturn

Citibank Korea's wealth management strategy, which centers on diversifying investments, has shown a solid performance despite deterioration of profit rates on investments amid tough market circumstances.

2019-09-25 17:30

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