Banking & Finance

Hana Financial Group holds conference for women leaders

Hana Financial Group organized the 2024 Hana Waves Conference to cultivate future women leaders, the group said Tuesday.

Nov 26, 2024By Yoon Ja-young

Hana Financial Group holds conference for women leaders

Kakao Bank aims to boost customer base, non-interest income

Top online lender Kakao Bank said Tuesday that it aims to further jack up its customer base, thus achieving 100 trillion won ($71 billion) in assets by 2027.

Nov 26, 2024By Yonhap

Kakao Bank aims to boost customer base, non-interest income

Insurers complain over financial authorities repeatedly halting sale of products

Insurance companies are halting the sale of proportional coverage insurance policies for critical treatments such as cancer, brain and heart conditions following warnings from the Financial Supervisory Service (FSS).

Nov 25, 2024By Jun Ji-hye

Insurers complain over financial authorities repeatedly halting sale of products

OK Financial to sell last remaining private loan unit to enter securities sector

OK Financial Group, a conglomerate that started as a private money lending firm, is considering selling its last remaining private money lending unit in a bid to establish a foothold in the securities sector, sources familiar with the matter said Monday.

Nov 25, 2024By Yi Whan-woo

OK Financial to sell last remaining private loan unit to enter securities sector

Yoon's policy team under fire for grim economic outlook

President Yoon Suk Yeol's economic policy team is facing growing criticism as Korea's bleak economic outlook persists, now that Yoon has reached the halfway point of his single, five-year term.

Nov 25, 2024By Yi Whan-woo

Yoon's policy team under fire for grim economic outlook

Leadership changes loom at Woori, NongHyup banks amid scandals

With the terms of major bank CEOs set to expire at the end of this year, all eyes are on what lies ahead for them.

Nov 25, 2024By Jun Ji-hye

Leadership changes loom at Woori, NongHyup banks amid scandals

INTERVIEW Frefins brings new rental transformation concept to $72 bil. market

Coway’s introduction of rentable water purifiers to the Korean market in 1998 transformed the consumption model, leading many consumers to choose rental services over purchasing products.

Nov 23, 2024By Jun Ji-hye

[INTERVIEW] Frefins brings new rental transformation concept to $72 bil. market

Eximbank, Naver to collaborate in global expansion

The Export-Import Bank of Korea (Eximbank) signed a memorandum of understanding (MOU) with Naver and Naver Cloud for mutual collaboration to strengthen their competitiveness in global expansion, the bank announced Friday.

Nov 22, 2024

Eximbank, Naver to collaborate in global expansion

Bourse operator moves to instantly delist unqualified firms

The Korea Exchange (KRX) is considering the immediate removal of listed companies from the stock market, if they receive an inadequate rating for trading for two straight years, according to sources familiar with the matter, Friday.

Nov 22, 2024By Yi Whan-woo

Bourse operator moves to instantly delist unqualified firms

Mirae Asset brings over $7.84 bil. profit for overseas stock investors

Mirae Asset Securities saw its customers’ investment return from overseas shares increase by over 11 trillion won ($7.84 billion) from the beginning of this year, the company announced Friday.