Banking & Finance

Banks turn to brand partnerships to attract new deposits as interest margins shrink

As interest margins shrink amid declining interest rates, banks are increasingly turning to unique partnerships to attract customers and secure more savings deposits, industry officials said Tuesday.

Mar 12, 2025By Lee Yeon-woo

Kbank posts record net income driven by customer increase

Kbank, launched as Korea's first internet-only lender in 2017, posted a record net income of 128.1 billion won ($87.84 million) last year, the company announced Tuesday.

Mar 11, 2025By Yi Whan-woo

Kbank posts record net income driven by customer increase

Is KDB up to task of executing W50 tril. fund for high-tech industries?

The Korea Development Bank (KDB) is drawing attention over whether it is capable of managing a project initiated by the government to support high-tech industries, after many workers quit the state-run firm over the past few years, according to industry officials on Tuesday.

Mar 11, 2025By Yi Whan-woo

Is KDB up to task of executing W50 tril. fund for high-tech industries?

Gov't urged to fill regulatory loopholes on foreigners' home buying

The government is facing growing calls to tackle loopholes that let foreign nationals avoid tighter housing rules introduced to bring down surging home prices and prevent land speculation, industry analysts said Monday.

Mar 10, 2025By Yi Whan-woo

Gov't urged to fill regulatory loopholes on foreigners' home buying

Citi named best bond, equity bank across Asia

Citi was recently named best Asia-Pacific bond house by both publications IFR Asia and Finance Asia in their annual awards for 2024, with the bank also picking up the titles for best equity and equity-linked adviser for Asia-Pacific from business news outlet The Asset, Citibank Korea said Monday.

Mar 10, 2025By Lee Hyo-sik

Citi named best bond, equity bank across Asia

Securities firms halt sales of Homeplus investment funds amid court-led rehabilitation

Securities firms are halting the sales of public funds that include Homeplus short-term bonds amid concerns over the recovery of investment funds, as the country’s No. 2 supermarket chain entered corporate rehabilitation proceedings, industry officials said Monday.

Mar 10, 2025By Jun Ji-hye

Securities firms halt sales of Homeplus investment funds amid court-led rehabilitation

Sambu faces intensified probe over alleged stock price manipulation

The Financial Supervisory Service (FSS) is intensifying efforts to track the flow of funds in connection with allegations of stock price manipulation involving Sambu Construction, which gained attention as a Ukraine reconstruction-themed stock, officials said Monday.

Mar 10, 2025By Jun Ji-hye

Sambu faces intensified probe over alleged stock price manipulation

Koreans still rely on legacy banks as primary source of financial services, but fintechs gain ground

Jang, a 28-year-old employee at an IT company in Seongnam, Gyeonggi Province, uses Woori Bank, one of Korea's major commercial banks, as her primary financial institution.

Mar 10, 2025By Jun Ji-hye

Koreans still rely on legacy banks as primary source of financial services, but fintechs gain ground

Internet-only banks expand offline access to boost customer engagement

All three internet-only banks in Korea — KakaoBank, Toss Bank and Kbank — have begun offering zero-fee transactions for customers using automated teller machines (ATMs). Rather than relying on fee-based revenue, the banks are opting to expand customer engagement through offline support, industry officials said Sunday.

Mar 9, 2025By Lee Yeon-woo

Internet-only banks expand offline access to boost customer engagement

Gov't squeezes state-run banks to address tax revenue shortfall

The government is pressing state-run banks to pay more dividends than what they had originally planned in what is seen as a bid to make up a huge shortfall in tax revenue, industry officials said Friday.

Mar 7, 2025By Yi Whan-woo

Gov't squeezes state-run banks to address tax revenue shortfall

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Banking & Finance

Banks turn to brand partnerships to attract new deposits as interest margins shrink

Kbank posts record net income driven by customer increase

Is KDB up to task of executing W50 tril. fund for high-tech industries?

Gov't urged to fill regulatory loopholes on foreigners' home buying

Citi named best bond, equity bank across Asia

Securities firms halt sales of Homeplus investment funds amid court-led rehabilitation

Sambu faces intensified probe over alleged stock price manipulation

Koreans still rely on legacy banks as primary source of financial services, but fintechs gain ground

Internet-only banks expand offline access to boost customer engagement

Gov't squeezes state-run banks to address tax revenue shortfall

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