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Asia

The Korea Times

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Fri, March 24, 2023 | 06:25

Banking federation chief meets Luxembourg finance minister

Banking federation chief meets Luxembourg finance minister

Korea Federation of Banks Chairman Kim Kwang-soo met Luxembourg Finance Minister Yuriko Backes and discussed ways of cooperation in the banking sectors of the two countries, the federation announced on Wednesday. The areas of topics discussed ranged from conventional offline banking to digital banking, wealth management, and environmental, social and corporate governance (ESG...

Yi Whan-woo | 2023-02-08 17:02

Shinhan Bank nominates second-in-command to fill leadership vacuum

Shinhan Bank nominates second-in-command to fill leadership vacuum

Shinhan Bank said Wednesday that Deputy President Jung Sang-hyuk has been nominated as its new president and CEO, replacing Han Yong-gu, who abruptly resigned on Monday a little more than a month after taking office. “The nomination of Jung is aimed at minimizing the leadership vacuum at the bank, given importance of the flagship affiliate in Shinhan Financial Group and the o...

Yi Whan-woo | 2023-02-08 17:01

Record earnings boost Shinhan back to No. 1 rank after 3 years

Record earnings boost Shinhan back to No. 1 rank after 3 years

Shinhan Financial Group posted record earnings for 2022 to outperform its rival KB Financial and claim the industry's top position by market capitalization for the first time in three years. In a regulatory filing, Wednesday, Shinhan Financial Group said its net profit last year came to an all-time high of 4.64 trillion won, up from its previous record of 4.19 trillion won se...

Yi Whan-woo | 2023-02-08 16:59

Hana Financial Group donates $300,000 to quake-devastated Turkey, Syria

Hana Financial Group donates $300,000 to quake-devastated Turkey, Syria

Hana Financial Group has donated $300,000 as urgent aid for the recovery and support of those affected by the earthquake in Turkey and Syria. The group announced Wednesday that it delivered the relief money earlier this week through the Community Chest of Korea as well as other global relief agencies.

Anna J. Park | 2023-02-08 16:53

Woori Financial 2022 net hits new high on more interest income

Woori Financial 2022 net hits new high on more interest income

Major Korean financial holding firm Woori Financial Group said Wednesday its earnings spiked nearly 23 percent on-year to an all-time high in 2022 thanks largely to higher interest income.

2023-02-08 16:46

Record earnings boost Shinhan back to No. 1 rank after 3 years

SM's management dispute to benefit Kakao

SM's management dispute to benefit Kakao

Kakao's rise to become SM Entertainment's second-largest shareholder will come as a boon for the nation's largest mobile platform operator, as its entertainment subsidiary is expected to generate synergy by using SM's intellectual property, analysts said Wednesday. The analysis came shortly after an overnight decision by top management of SM, which sold its 9.05 percent stake...

Lee Min-hyung | 2023-02-08 16:37

Key real estate owned by McDonald's Korea excluded from sale

Key real estate owned by McDonald's Korea excluded from sale

McDonald's Korea is up for sale, but some key pieces of real estate owned by the global fast-food chain in the country have been excluded from the deal.

Anna J. Park | 2023-02-08 16:20

KakaoBank gears up to expand loan business portfolio

KakaoBank gears up to expand loan business portfolio

KakaoBank, the nation's leading internet-only lender, has pledged to expand its loan sales portfolio and attain double-digit growth in its lending business, as part of its key business strategy for 2023, the company said Wednesday, after reporting brisk earnings. According to its regulatory filing, the company posted a record operating profit of 353.2 billion won ($280.58 mil...

Lee Min-hyung | 2023-02-08 16:04

Shinhan Financial 2022 net hits all-time high

Shinhan Financial 2022 net hits all-time high

Shinhan Financial Group said Wednesday that its net profit hit an all-time high last year on the back of increased interest income.

2023-02-08 14:52

Shinhan Bank taps new CEO candidate

Shinhan Bank taps new CEO candidate

Korean major lender Shinhan Bank said Wednesday its vice chief was recommended to lead the bank as its incumbent chief executive offered to resign due to health issues.

2023-02-08 13:39

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