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Mon, December 6, 2021 | 23:08

NongHyup's donation campaign on Jeju Island

NongHyup Financial Group Chairman Son Byung-hwan, second from left, poses after holding a corporate social responsibility program for welfare centers on Jeju Island, Friday. Under the program, NongHyup delivered 1,500 packages of agricultural products for islanders in need. Courtesy of NongHyup Financial Group

2021-10-04 13:47

Korea Federation of Community Credit Cooperatives earns reputation for lucrative investment

The Korea Federation of Community Credit Cooperatives (KFCC), also known as MG Community Credit Cooperatives, has been building up a reputation in the local market in recent years as an aggressive investor capable of achieving high returns in alternative investments.

Anna J. Park | 2021-10-01 17:35

Korean banks shift hiring to digital specialists

While Korea's state-led financial institutions are currently implementing a series of large-scale recruitment drives to hire new full-time employees, major local commercial banks do not appear to be joining the trend due to decreased demand. Only openings for digital specialists are expected to be available at the banks later this year.

Anna J. Park | 2021-10-01 08:59

Thailand, Indonesia viewed as next destinations for KakaoBank

KakaoBank is taking gradual steps to diversify its revenue channels by focusing on overseas markets, especially in Southeast Asia.

Anna J. Park | 2021-09-30 16:27

Promoting Paralympics

Hana Financial Group Vice Chairman Ham Young-joo, third from right, raises his fist with participants of the 2020 Tokyo Paralympics at the group's headquarters in Seoul, Wednesday. Courtesy of Hana Financial Group

2021-09-30 14:54

Hyundai Capital offers online financial services for Genesis customers worldwide

Hyundai Capital, the automotive financing arm of Hyundai Motor Group, said Wednesday that it has started offering online financial services from last month for customers in the U.K. seeking purchase the Genesis G80 sedan and GV80 sport utility vehicle (SUV).

2021-09-29 12:19

Mirae Asset antitrust probe sends island development in limbo

Mirae Asset Financial Group is considering scrapping a 1.5 trillion won ($1.27 billion) project to build a maritime tourism complex on Gyeongdo, an island in Yeousu, South Jeolla Province, apparently to protest the Fair Trade Commission's (FTC) recent investigation into the company.

2021-09-27 08:46

Court rules Samsung Securities must cover half of investors' damages in 2018 dividend error

A Seoul district court has ruled Samsung Securities must compensate investors for half of their damages incurred due to a 2018 dividend error by an accidental stock issuance, judicial sources said Sunday.

2021-09-26 11:54

Tough regulations force banks to go abroad

Korea's banking groups are expected to further accelerate ongoing efforts to shift their focus overseas from the domestic market, as multiple financial regulations proposed ahead of the presidential election next year are set to deteriorate their earnings here. They are planning to offset worsening profits in Korea by seeking inroads into Southeast Asian countries with higher...

2021-09-26 09:33

Eximbank move could pressure KB, IBK to appoint union-backed directors

Attention has been focused on whether KB Kookmin Bank and the Industrial Bank of Korea (IBK) will follow the example set by the Export-Import Bank of Korea (Eximbank), which became the country's first financial company and state-run institution to give a board seat to an expert recommended by its union.

2021-09-23 16:52

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