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Finance

Banks

Sat, May 30, 2020 | 05:41

Face masks for medical staff

Face masks for medical staff

Standard Chartered (SC) Bank Korea CEO Park Jong-bok, second from left, loads face masks into a vehicle at the bank's main branch in Seoul, Friday. The bank donated 5,000 masks it received from SC Group to medical staff in Daegu. / Courtesy of SC Bank Korea

Park Jae-hyuk | 2020-03-23 18:09

CEOs of Shinhan affiliates take charge of digital transformation

CEOs of Shinhan affiliates take charge of digital transformation

Shinhan Financial Group said Monday it has introduced a system under which CEOs of affiliates will play a leading role in incorporating key technology into their digital transformation processes.

Kim Bo-eun | 2020-03-23 14:48

Special promotion by Woori Bank

Special promotion by Woori Bank

A model poses for a Woori Bank promotional event that will offer special gifts to new subscribers to its housing subscription deposit account. The bank will select 510 customers who have signed up for the account, to receive gifts such as laptops, AirPods Pro and 'mobile' coffee coupons, the lender said Sunday. Courtesy of Woori Bank

Lee Min-hyung | 2020-03-22 16:34

Court accepts injunction request by Woori Financial head against reprimand

Court accepts injunction request by Woori Financial head against reprimand

A Seoul court on Friday accepted an injunction request by the head of Woori Financial Group against the financial watchdog's reprimand over improper selling of derivatives-linked products that caused investors to incur massive losses.

Kim Bo-eun | 2020-03-20 21:03

Son to lead NongHyup Bank

Son to lead NongHyup Bank

NongHyup Financial Group said Friday its executive recommendation committee has nominated incumbent Vice President Son Byung-hwan as the sole candidate for CEO of NongHyup Bank for a two-year term starting March 26.

Park Jae-hyuk | 2020-03-20 16:03

Financial groups raise alert on coronavirus impact

Financial groups raise alert on coronavirus impact

Financial groups in Korea are rushing to set up control centers for efficient market monitoring in a collective move to prevent virus-triggered financial risks translating into corporate deterioration, industry officials said Thursday.

Lee Kyung-min | 2020-03-19 17:35

Donating blood

Export-Import Bank of Korea (Eximbank) workers donate blood at the bank's headquarters on Yeouido, Seoul, March 17. The bank is among many financial services firms encouraging workers to donate blood amid a severe shortage caused by the fast-spreading new coronavirus. Courtesy of Eximbank

Lee Kyung-min | 2020-03-18 16:53

Financial groups' stocks on course toward further decline

Financial groups' stocks on course toward further decline

Major financial groups' stocks are expected to continue their bearish runs due to a mixture of worsening profitability caused by falling net interest margins (NIMs), and the shock from the rapid spread of COVID-19, analysts said Monday.

Anna J. Park | 2020-03-18 09:18

Kakao Bank posts first annual surplus in 2019

Kakao Bank posts first annual surplus in 2019

Kakao Bank, one of the nation's two internet-only banks, recorded its first annual surplus in 2019, since its launch in July 2017, on the back of solid growth in earnings from its loan business.

Anna J. Park | 2020-03-18 09:17

Examining SMEs' fallout from coronavirus

Examining SMEs' fallout from coronavirus

Industrial Bank of Korea (IBK) CEO Yoon Jong-won speaks with officials of Hutech Engineering, a metal cutting machine manufacturer, at the company's factory at Siwa Industrial Complex in Gyeonggi Province, Tuesday. IBK said Yoon visited the firm to examine small and medium-sized companies' fallout from the coronavirus outbreak. / Courtesy of IBK

Kim Bo-eun | 2020-03-17 16:04

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