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Finance

Fri, July 19, 2019 | 21:59

KEB Hana introduces banking app for foreigners

KEB Hana Bank rolled out a banking app for foreigners, the bank said Friday.

Jhoo Dong-chan | 2019-07-19 17:47

Financial firms join hands with retailers

A growing number of financial firms are partnering with retailers in a bid to diversify revenue sources and expand their business portfolios. Samsung Card said Wednesday it has signed a strategic partnership with Shinsegae Simon, a retail joint venture between Shinsegae and U.S.-based commercial real estate management firm Simon Property Group.

Jhoo Dong-chan | 2019-07-19 17:47

Rate cut expected to boost stocks in short run

Experts and analysts welcomed the central bank's Thursday decision to cut the key rate by 25 basis points to 1.5 percent, but the effect of the rate cut is expected to be limited.

Jhoo Dong-chan | 2019-07-19 17:45

Founder's scandals hamper DB's rebuilding efforts

DB Group has gone all out to rebuild its corporate image and market status over the past two years since the group founder and former Chairman Kim Jun-ki resigned in 2017 and fled the country after being sued by his secretary for sexual harassment two years ago.

Jhoo Dong-chan | 2019-07-19 16:27

Economy for single households growing fast

A 36-year-old hamburger store owner surnamed An refurbished his store recently to better serve customers who visit there alone. He removed some tables and installed a huge bar. “An increasing number of customers visit my store alone. They sat alone at tables designed for two or more people. It was just a waste of space. We could've accommodated more than twice as many custome...

Jhoo Dong-chan | 2019-07-18 19:43

Banks fix eyes on auto loan market

The nation's commercial banks are introducing a series of auto loan products with lower interest rates. Auto loans used to be an exclusive financial product for capital firms, but now lenders have joined the industry as part of efforts to diversify their business portfolio.

Jhoo Dong-chan | 2019-07-18 19:23

Best service bank

KEB Hana Bank CEO Ji Sung-kyoo, right, holds a plaque with Korea Management Association Consulting President and CEO Kim Jong-lib at the bank's head office in Seoul, Thursday. The bank has topped the customer service category in the consulting and rating agency's Korea Service Quality Index for four years in a row. / Courtesy of KEB Hana Bank

Jhoo Dong-chan | 2019-07-18 19:23

IBK, Woori expect hefty returns from investment into 'Parasite'

Woori Bank and the Industrial Bank of Korea (IBK) are expecting hefty returns from their investment in the Korean film “Parasite,” this year's Palme d'Or winner at the Cannes Film Festival. Their non-traditional investment method in local movie productions is emerging as a great way for banks to generate profit amid growing pressure to reduce their heavy dependence on net int...

Lee Kyung-min | 2019-07-18 17:16

BOK cuts key interest rate to 1.5 percent

The Bank of Korea (BOK) cut its key interest rate by 25 basis points to 1.5 percent Thursday, in a pre-emptive measure to tackle slowing growth amid growing uncertainties caused by a trade feud with Japan. The central bank also revised its 2019 growth outlook to 2.2 percent from its previous forecast of 2.5 percent made in April, citing a delay in recovery of exports and inve...

Lee Kyung-min | 2019-07-18 17:09

FSC chairman offers to step down

Financial Services Commission (FSC) Chairman Choi Jong-ku said Thursday he had recently offered to resign, ahead of an expected cabinet reshuffle which is expected to take place in August.

Park Jae-hyuk | 2019-07-18 16:07

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