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Finance

Banks

Wed, June 23, 2021 | 01:28

KDB joins hands with AEGIS Enterprise

Korea Development Bank (KDB) Vice Chairman Kim Bok-kyu, left, poses for a photo with AEGIS Enterprise CEO Choi Byung-in, after signing a partnership deal at KDB headquarters, Monday. Through the partnership, the state-run bank aims to strengthen capabilities in digital services through close cooperation with AEGIS Enterprise, a data-based digital solutions provider for managi...

Anna J. Park | 2021-06-22 16:05

KB Kookmin in dilemma over KakaoBank's exponential growth

As KakaoBank's scheduled IPO gets closer, KB Kookmin Bank is expected to garner more than 1 trillion won ($882.71 million) in profits from its early investment into the internet-only bank.

Anna J. Park | 2021-06-22 13:51

Hana opens 2nd VIP club

Hana Bank President Park Sung-ho, center, poses for a cake-cutting ceremony with other dignitaries during the opening of Club1, a private members club exclusively open to wealthy customers, in Hannam-dong, Seoul, June 18. The club is the second of its kind following the one in Samseong-dong, southern Seoul that opened in August 2017. Both are run by Hana Financial Group, the ...

Yi Whan-woo | 2021-06-20 16:53

Central American development bank to open Korean office in Seoul

A Central American development bank has decided to open a South Korean office in Seoul as part of efforts to strengthen ties with Asia's fourth-largest economy, the finance ministry said Sunday.

2021-06-20 13:37

Banking sector pushes voluntary retirement for 'younger' workers

Voluntary retirement has long held a negative connotation in Korean society, as it is typically used in situations involving middle-aged and older employees who do not want to leave a company, but are effectively forced out.

Lee Min-hyung | 2021-06-18 16:32

Global credit rating agencies favorably assess major Korean banks

Global credit rating agencies continue to favorably assess major Korean banks amid expectations of market interest rate increases.

Anna J. Park | 2021-06-18 07:53

Currency swap to have limited impact on economy: analysts

The Bank of Korea (BOK) extended Thursday its currency swap deal, worth $60 billion (67.77 trillion won), with the United States Federal Reserve, for another three months until the end of 2021, a move to stabilize the financial and foreign exchange markets here, the BOK said.

Lee Min-hyung | 2021-06-17 16:27

Korea, US extend $60 billion currency swap deal until December

NongHyup Brand Day

NongHyup Financial Group Chairman Son Byung-hwan, second from left, explains the group's slogan and brand identity to employees, by taking part in its 2021 Brand Day event in the lobby of NongHyup Bank's head office in Seoul, Thursday. On the left is NongHyup bank CEO Kwon Jun-hak. Courtesy of NongHyup Financial Group

Lee Min-hyung | 2021-06-17 14:29

Citi asked to keep promise over job security

Citibank Korea's planned sale of its retail banking business will continue to face setbacks, as its CEO Yoo Myung-soon pledged to “ensure job security” for its employees as a top precondition before signing any deal with a potential buyer.

Lee Min-hyung | 2021-06-16 16:11

BNK Bank turns down partnership with cryptocurrency exchanges

After months of consideration, BNK Busan Bank made the final decision not to form a partnership with local cryptocurrency exchanges, dealing a huge blow to crypto exchanges that had been anticipating the alliance to boost market confidence.

Anna J. Park | 2021-06-11 17:24

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