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Finance

Banks

Thu, January 23, 2020 | 22:45

Will Woori team up with PEF for Prudential takeover?

Will Woori team up with PEF for Prudential takeover?

Attention is growing over whether Woori Financial Group will join hands with a private equity firm (PEF) in the bid to take over Prudential Life Insurance Company of Korea.

Kim Bo-eun | 2020-01-23 17:39

Supporting vocational schools

Supporting vocational schools

Citibank Korea CEO Park Jin-hei, left, poses with JA Korea CEO Oh Jong-nam at the commercial bank's main branch in Seoul, Wednesday, after donating 350 billion won ($300,000) to the nonprofit organization. They agreed to use the money to help vocational school students find jobs. / Courtesy of Citibank Korea

Park Jae-hyuk | 2020-01-23 14:00

Shinhan DS CEO to direct group's digitization

Shinhan DS CEO to direct group's digitization

Shinhan DS is set to become the control tower for Shinhan Financial Group's entire digital strategies, after the head of the group's IT service unit was nominated as the group's new chief digital officer (CDO), according to industry officials, Monday.

Park Jae-hyuk | 2020-01-23 09:28

For a warmer Seollal

For a warmer Seollal

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, right, hands out food with bank employees at a volunteer service center nearby Seoul Station, Tuesday. The state-run lender's chief and employees volunteered at the facility on the occasion of the Lunar New Year (Seollal) holiday that begins Friday. / Courtesy of Eximbank

Kim Bo-eun | 2020-01-22 17:36

Shinhan cleared of leadership vacuum risk

Shinhan cleared of leadership vacuum risk

Shinhan Financial Group has been able to avoid facing a leadership vacuum as the court handed down a suspended jail term to Chairman Cho Yong-byoung, Wednesday, following proven allegations of cronyism.

Park Jae-hyuk | 2020-01-22 16:55

Hana to take over The-K Non-Life Insurance

Hana to take over The-K Non-Life Insurance

Hana Financial Group has taken the first steps in expanding its non-banking affiliates by taking over The-K Non-Life Insurance as a battle heats up among major groups to scale up their portfolios.

Kim Bo-eun | 2020-01-21 17:34

New bills for Seollal

New bills for Seollal

A woman shows a stack of new 10,000 won bills to hand out during the upcoming Seollal holiday, at the Bank of Korea's branch in Gwangju, Tuesday. It is a custom for adults to give out money to children at family gatherings during the traditional Lunar New Year holiday. / Yonhap

Kim Bo-eun | 2020-01-21 17:11

Eximbank to expand financing for overseas infrastructure projects

Eximbank to expand financing for overseas infrastructure projects

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu said Monday the state-run lender will allocate 12 trillion won ($10 billion) for overseas infrastructure projects this year.

Kim Bo-eun | 2020-01-20 17:17

Starbucks unnerving Korean banks

Starbucks unnerving Korean banks

A growing number of Korean banking groups are showing alarm at Starbucks, describing the U.S. coffeehouse chain as a potential rival that could threaten their survival in the financial market within a few years, industry officials said Monday.

Park Jae-hyuk | 2020-01-20 16:31

January critical month for banking group chiefs

January critical month for banking group chiefs

The month of January has put major banking groups on alert, as it may determine sanctions imposed on their chiefs that may affect their terms.

Kim Bo-eun | 2020-01-19 17:07

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