Banking & Finance

Woori Bank to provide platform service for SMEs

Woori Bank CEO Cho Byung-kyu, right, poses with Mainbiz Association President Seok Yong-chan, after signing a cooperation agreement at the bank headquarters in Seoul, Monday. Woori will provide its digital supply chain financing platform for SMEs recognized by the association for their innovative management practices. Courtesy of Woori Bank

Feb 27, 2024

Woori Bank to provide platform service for SMEs

Hwang Byung-woo to lead DGB Financial Group's foray into commercial banking

DGB Financial Group has nominated Hwang Byung-woo, the current CEO of DGB Daegu Bank, as the sole candidate for its next chairman position, according to the financial group, Tuesday.

Feb 27, 2024By Lee Yeon-woo

Hwang Byung-woo to lead DGB Financial Group's foray into commercial banking

Number of IPOs in Korea rise 17% in 2023

The number of initial public offerings (IPOs) rose from a year earlier in 2023 amid signs of easing economic woes, data showed Tuesday.

Feb 27, 2024

Number of IPOs in Korea rise 17% in 2023

Kbank sees customer base surpass 10 mil. ahead of IPO

Kbank said on Monday that its customer base had exceeded 10 million, achieving a significant milestone seven years after its launch as the nation's first internet-only bank. The bank, which has resumed steps to pursue an initial public offering (IPO), is stepping up expansion efforts.

Feb 26, 2024By Lee Yeon-woo

Kbank sees customer base surpass 10 mil. ahead of IPO

KOSPI dips on disappointment over steps to boost undervalued stocks

Korean stocks fell nearly 1 percent, Monday, on the heels of the government's announcement of a highly anticipated program aimed at boosting undervalued stocks that fell far short of expectations.

Feb 26, 2024By Yi Whan-woo

KOSPI dips on disappointment over steps to boost undervalued stocks

Tax incentives to be offered for firms voluntarily boosting corporate value

Debt-pressured 30-, 40-somethings spend less amid sustained high interest rate

Kim Ji-woong, a salaried worker in his mid-40s, says his family is increasingly tightening their belts and spending less as the key interest rate has remained steady at 3.5 percent for more than a year. The high interest rate is weighing on his family as he has to repay a housing loan worth hundreds of millions of won.

Feb 26, 2024By Yi Whan-woo

Debt-pressured 30-, 40-somethings spend less amid sustained high interest rate

INTERVIEW IBK asset management lays groundwork for rebound in 2024

2024 will be a year for the Industrial Bank of Korea (IBK) to build a foundation for a rebound in its asset management sector, according to Kim Oun-young, IBK's executive vice president who is in charge of the wealth management group at the bank.

Feb 26, 2024By Lee Yeon-woo

[INTERVIEW] IBK asset management lays groundwork for rebound in 2024

Hyundai, Kia's overseas car production tops 3.68 mil. units in 2023: data

The combined overseas production of Hyundai Motor and Kia surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the COVID-19 pandemic, data showed Monday.

Feb 26, 2024

Hyundai, Kia's overseas car production tops 3.68 mil. units in 2023: data

KB PRASAC Bank opens in Cambodia

KB Kookmin Bank held a grand opening ceremony for KB PRASAC Bank in Phnom Penh, the capital of Cambodia, Friday, the bank said Sunday.

Feb 25, 2024By Lee Yeon-woo

CONTRIBUTION Dealing with misdirected wire transfers

Just as one can only see one side of the moon from Earth, people have long focused on the bright side of digital finance, such as the speed and convenience of making transactions, while overlooking its darker aspects like the widening gap in the protection of financial consumers.

Feb 23, 2024By Yoo Jae-hoon

[CONTRIBUTION] Dealing with misdirected wire transfers

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