KoreaTimes(126) - Banks, Finance, page 11

The Korea Times

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Banks

Mon, December 9, 2019 | 11:09

Banks face double whammy on falling key rates

Banks face double whammy on falling key rates

Local banks are facing tough times, suffering from falling profitability and worsening financial soundness following a couple of rate cuts by the central bank amid the deepening global downturn.

Kim Bo-eun | 2019-10-22 19:00

Football competition for foreign workers

Football competition for foreign workers

Participants of KB Kookmin Bank's KB Star Cup football competition for foreign workers pose after the event held at the lender's training center in Cheonan, Sunday. This was the first competition, in which four teams representing Cambodia, Myanmar, Indonesia and Vietnam took part. / Courtesy of KB Kookmin Bank

Kim Bo-eun | 2019-10-22 19:00

JPMorgan, SocGen earn W7.7 bil. from DLF fiasco

JPMorgan, SocGen earn W7.7 bil. from DLF fiasco

J.P. Morgan and Societe Generale (SocGen) were found to have enjoyed a combined commission income of 7.77 billion won ($6.6 million) from their sales of derivatives-linked funds (DLFs) which caused major investor losses here, according to a lawmaker, Monday.

Park Jae-hyuk | 2019-10-21 15:41

[INTERVIEW] 'Take notes, if you want to get super rich'

[INTERVIEW] 'Take notes, if you want to get super rich'

Getting super rich may seem to be impossible for most people in this economically polarized society, but those accustomed to “note-taking” have already come one step closer to higher incomes, according to a private banker who is said to have met the largest number of wealthy people in Korea.

Park Jae-hyuk | 2019-10-21 15:39

Banks seek to join hands with online influencers

Banks seek to join hands with online influencers

Korea's leading commercial banks are strengthening cooperation with online content creators to expand their customer bases, industry officials said Thursday.

Lee Kyung-min | 2019-10-20 16:25

KEB Hana Bank wins innovation award for global payment system

KEB Hana Bank wins innovation award for global payment system

KEB Hana Bank has won a globally recognized innovation award for its Global Loyalty Network (GLN) payment service, the bank said Friday. The award was given jointly by the European Financial Management Association (Efma) and consulting service giant Accenture.

Baek Byung-yeul | 2019-10-18 17:07

Digital transformation cooperation

Digital transformation cooperation

Woori Financial Group Chairman Sohn Tae-seung, left, holds a memorandum of understanding (MOU) with SAP CEO Jennifer Morgan at the SAP Executive Briefing Center in New York, Thursday (local time). The two companies signed the MOU to cooperate in the digital transformation of corporate financing. / Courtesy of Woori Financial Group

Park Jae-hyuk | 2019-10-18 16:00

IMF warns of risks with Korea's banking system

IMF warns of risks with Korea's banking system

The International Monetary Fund (IMF) has warned that Korea's banking system has become more vulnerable as its lenders are increasingly exposed to bad assets that have a high risk of turning sour.

Park Jae-hyuk | 2019-10-18 15:59

Woori suspends sales of ultra-high-risk products

Woori suspends sales of ultra-high-risk products

Woori Bank will not sell ultra-high-risk financial products, such as derivative-linked funds (DLF) or equity-linked funds (ELF), until it finishes overhauling its asset management system, the company said Wednesday.

Park Jae-hyuk | 2019-10-16 16:11

Best private banker

Best private banker

KB Kookmin Bank Wealth Management Group head Kim Young-gil, right, receives an award from Asian Banker managing editor Boon Ping Foo at The-K Tower in Seoul, Wednesday. The Singapore-based journal specializing in the financial services industry selected KB as Korea's best private bank. The bank was also awarded for its trust and pension products. / Courtesy of KB Kookmin Bank

Park Jae-hyuk | 2019-10-16 16:11

11 12 13 14 15 16 17 18 19 20

WooriBank

Top 10 Stories

DARKROOM

Code of Ethics

Copyright