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Wed, May 22, 2019 | 03:11

Finance > Banks >

SC Bank's checking accounts gaining popularity

Standard Chartered (SC) Bank Korea is in the limelight for two new checking accounts that it says are most suitable for customers' needs under the current economic slowdown.

Banks | 2019-05-21 16:19

Boosting social responsibility

Joo Cheol-soo, left, vice president of Shinhan Bank's consumer protection group, poses with DNV GL Korea President Lee Jang-sup at the bank's headquarters in Seoul, May 17. The two sides agreed to collaborate in carrying out a so-called equator principle framework to assess and manage environmental and social risks before making financial decisions. Courtesy of Shinhan Bank

Banks | 2019-05-20 14:37

Financial chiefs attract foreign investors

Chairmen of the country's top three local financial groups have departed for overseas conferences and meetings in an effort to attract foreign investors, industry sources said Monday. Woori Financial Group Chairman Sohn Tae-seung has left for Tokyo, Japan and Hong Kong where he will hold investor relations meetings for three days. The group said Sohn will meet executives from...

Banks | 2019-05-20 14:37

Kakao Bank sees improving profitability, plans to go public

Kakao Bank has turned a profit for the first time in the first quarter of this year. Observers expected it would take at least three years to start making money, but it took only 18 months since the internet-only bank was launched.

Banks | 2019-05-19 18:00

Woori Bank launches aval-based service

Woori Bank has launched an “aval-based” service to help local firms complete safe business transactions with their foreign counterparts, it said Sunday.

Banks | 2019-05-19 17:00

SC, Citibank suffers setback in earnings

Two foreign banks operating here - Citibank and SC Bank Korea - posted disappointing earnings in the first three months of the year.

Banks | 2019-05-19 15:40

[CEO Watch] KB chief prepares for long digital journey

All local banks are seeking one thing - digital transformation. It will be a long, hard process to change everything - the way they interact with customers, use new technologies and develop human resources. And KB Kookmin Bank CEO Hur Yin knows this for sure, saying that transformation doesn't happen overnight because people can't change overnight.

Banks | 2019-05-19 08:01

Shinhan, Hancom pursue Vietnam smart city projects

Shinhan Card and Hancom have forged strategic ties to pursue smart city projects in Southeast Asia, including Vietnam, the bank said Friday. The two will also collaborate on developing new digital businesses in the region using blockchain and artificial intelligence (AI) technologies.

Banks | 2019-05-17 15:57

Eximbank backs ship parts makers

Export-Import Bank of Korea (Eximbank) CEO Eun Sung-soo, second from left, visits HSD Engine's ship equipment plant in Changwon, South Gyeongsang Province, Thursday. Eun said the policy bank will support the exports of small and medium makers of ship parts. Courtesy of Eximbank

Banks | 2019-05-17 15:57

For post-retirement

Shinhan Bank Deputy President Lee Hee-soo, right, and the bank's Manila branch manager Chung Yong-ho, second from right, pose with Philippines Retirement Authority (PRA) CEO Bienvenido K. Chy, second from left, after signing a memorandum of understanding at the PRA in Manila, the Philippines, May 16 (local time). Under the agreement, Koreans aged over 35 who obtain retirement...

Banks | 2019-05-16 18:09

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