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Thu, November 21, 2019 | 09:15
Kakao Bank to be under Kakao's control Friday
Kakao Bank to be under Kakao's control Friday
Kakao, the operator of the nation's most widely used messenger app KakaoTalk, will be the largest shareholder of Kakao Bank starting Friday, as the financial regulator has allowed Korea Investment Holdings to unload its stake in the internet-only bank.
Park Jae-hyuk | 2019-11-20 19:56
Helping small IT firms
Helping small IT firms
KB Kookmin Bank SME/SOHO Customer Group Senior Managing Director Shin Deok-soon, right, and JC Hyun System CEO Cha Joong-seok hold a signed memorandum of understanding at the bank's headquarters in Seoul, Aug. 6. Under the agreement, KB will help finance SMEs that use the IT marketing firm's supply chain. Courtesy of KB Kookmin Bank
Lee Kyung-min | 2019-11-20 17:14
IBK CEO Kim's most important goal reached
IBK CEO Kim's most important goal reached
When Industrial Bank of Korea (IBK) CEO Kim Do-jin took office in December 2016, he vowed to visit all the branches across the country. Now about a month away from the end of his term, he delivered his pledge.
Lee Kyung-min | 2019-11-20 17:13
Open banking for foreigners
Open banking for foreigners
A Shinhan Bank employee promotes the SOL Global mobile banking app at the bank's main branch in Seoul, Tuesday. Shinhan said the new app allows foreign customers to use open banking and various other financial services in 12 different languages. / Courtesy of Shinhan Bank
Park Jae-hyuk | 2019-11-20 15:22
Banks boost strategic alliance with fintechs overseas
Banks boost strategic alliance with fintechs overseas
Leading commercial banks are forging partnerships with fintechs overseas to foster localization and digitization, industry officials said Wednesday.
Lee Kyung-min | 2019-11-19 17:30
Financing for Vietnamese air carrier
Financing for Vietnamese air carrier
Woori Bank's Ho Chi Minh branch manager Kim Kyu-baek, left, and the bank's head of global investment banking Lee Sang-min, fourth from left, pose with Vietjet CEO Nguyen Thi Phuong Thao, fifth from left, and other guests after the two firms held a ceremony on the lender's financing for the air carrier, at Vietjet's headquarters in Ho Chi Minh City, Nov. 15. The bank provided ...
Kim Bo-eun | 2019-11-19 17:02
FSS urged to take lead in accelerating gender equality
FSS urged to take lead in accelerating gender equality
Korea has the lowest percentage of women on boards in the corporate sector according to a recent survey of 50 countries conducted by Credit Suisse.
Kim Bo-eun | 2019-11-18 18:25
Seminar for future growth
Seminar for future growth
KB Financial Group Chairman Yoon Jong-kyoo, front row sixth from left, poses after holding a seminar with its employees at the group's training center in Seoul, Friday. More than 260 staff from the company participated in the 2019 Communities of Practice Festival during which they discussed strategies to generate group-wide synergy and seek future growth engines. Courtesy of ...
Lee Min-hyung | 2019-11-18 17:59
Kakao Bank on track, while K bank falters
Kakao Bank on track, while K bank falters
Korea's two internet-only banks have shown drastically contrasting earnings results in the third quarter. Kakao Bank continued to enjoy solid earnings, while K bank suffered from ballooning losses due to a lack of capital curbing its lending business.
Lee Kyung-min | 2019-11-18 17:04
Kookmin Bank chief urged to spur global expansion
Kookmin Bank chief urged to spur global expansion
KB Kookmin Bank CEO Hur Yin is expected to place a top priority on raising the bank's profile in Southeast Asia during his second term next year. Kookmin Bank maintained a strong foothold in the local market by posting the largest combined operating profit between January and September.
Lee Min-hyung | 2019-11-18 16:39
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