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Finance

Banks

Mon, February 17, 2020 | 09:37

Korean banks boost overseas workforce

Korean banks boost overseas workforce

Korea's top four commercial banks - Shinhan, KB Kookmin, Woori and KEB Hana - are strengthening their overseas workforces in Southeast Asian countries in a bid to solidify global business there amid fast saturation of the local market, industry officials said Thursday.

Lee Kyung-min | 2019-12-19 17:14

For data-based financial services

For data-based financial services

KB Kookmin Bank CEO Hur Yin, left, and Rainist CEO Kim Tae-hoon pose after signing a business alliance agreement at the bank's headquarters on Yeouido in Seoul, Dec. 18. Under the agreement, the bank and the operator of a data aggregator Bank Salad app, will boost cooperation to develop a data-based financial network. Courtesy of KB Kookmin Bank

Lee Kyung-min | 2019-12-19 17:13

Fintech startups set to challenge major lenders

Fintech startups set to challenge major lenders

With Korea heralding a new era of “open banking” on Wednesday, competition is expected to heat up between major lenders and fintech startups, in their bid to grab an upper hand in the banking paradigm shift. Open banking refers to a new banking system under which a user can check all their accounts from different banks by using only one mobile application.

Lee Min-hyung | 2019-12-18 16:39

KB, NongHyup bank heads to spur global expansion in 2020

KB, NongHyup bank heads to spur global expansion in 2020

NongHyup Bank CEO Lee Dae-hoon and KB Kookmin Bank CEO Hur Yin are expected to put top priority on globalization, an area in which the two have “underperformed” compared to their peers, Monday.

Lee Kyung-min | 2019-12-17 17:07

Chairman with new employees

Chairman with new employees

Shinhan Financial Group Chairman Cho Yong-byoung, center, poses with 400 new employees of the group's nine subsidiaries at Shinhan Bank Training Institute in Yongin, Gyeonggi Province, Monday. The chairman delivered a special lecture there to teach them about the financial group's corporate culture. / Courtesy of Shinhan Financial Group

Park Jae-hyuk | 2019-12-16 17:35

Citi takes lead in green bond issuance in Korea

Citi takes lead in green bond issuance in Korea

Citibank Korea has gained attention in the green bond market as it has played a dominant role as a lead manager in issuing ESG (environmental, social and corporate governance) bonds through its subsidiary Citigroup Global Markets Korea Securities for the Korean government and major companies.

2019-12-16 17:30

JB Financial acquires Vietnamese brokerage

JB Financial acquires Vietnamese brokerage

JB Financial Group has taken over a brokerage in Vietnam owned by a global investment bank in a bid to strengthen its global business, the group said Monday.

Lee Kyung-min | 2019-12-16 17:27

Toss gets preliminary approval for internet-only bank

Toss gets preliminary approval for internet-only bank

The Toss Bank consortium led by the mobile money transfer app operator Viva Republica received preliminary approval for a license to operate the nation's third internet-only bank, the Financial Services Commission (FSC) said Monday.

Park Jae-hyuk | 2019-12-16 16:41

Supporting athletes

Supporting athletes

NH NongHyup Financial Group Chairman Kim Gwang-soo, front row third from left, raises his fist with tennis, soft tennis and golf players at a year-end gathering at a conference room on Yeouido in Seoul, Dec. 13. Kim said the spirit of fair play exhibited by the players goes to the heart of the group's management philosophy. / Courtesy of NongHyup Financial Group

Lee Kyung-min | 2019-12-15 17:11

Cho to lead Shinhan for 3 more years

Cho to lead Shinhan for 3 more years

Shinhan Financial Group Chairman Cho Yong-byoung was essentially reappointed to another three-year term, Friday, as the banking group's chairman recommendation committee decided to put him forward as a sole candidate.

Park Jae-hyuk | 2019-12-13 16:36

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