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Finance

Banks

Wed, February 26, 2020 | 23:08

Korea Investment retains top spot in brokerages' earnings

Korea Investment retains top spot in brokerages' earnings

Korea Investment & Securities maintained its top position in 2019 brokerages' earnings results for the fourth consecutive year, while Shinhan Investment suffered a major setback with a drop in net profits. According to the Financial Supervisory Service, Korea Investment posted a record high net profit of 709.9 billion won ($598 million) in 2019, up more than 42 percent from t...

Anna J. Park | 2020-02-12 17:18

NH Financial aims to increase overseas assets to 6 trillion won by 2025

NH Financial aims to increase overseas assets to 6 trillion won by 2025

NH NongHyup Financial Group aims to increase its overseas assets to 6 trillion won ($5.08 billion) by 2025 in a bid to become a leading financial player in Asia, the group said Wednesday. It also set a goal of raising its net profits from abroad to 160 billion won by expanding its overseas foothold, particularly in Asia.

Anna J. Park | 2020-02-12 17:18

Woori Financial selects Kwon as new bank chief

Woori Financial selects Kwon as new bank chief

Woori Financial Group's executive recommendation committee has backed Kwon Kwang-seok, MG Korean Federation of Community Credit Cooperatives CEO, as Woori Bank's next CEO.

Kim Bo-eun | 2020-02-11 17:00

Will new IBK chief seek transformation into financial group?

Will new IBK chief seek transformation into financial group?

It has been over a decade since the Industrial Bank of Korea (IBK) has sought to launch a holding company to make IBK a financial group. Attention is growing over whether its new chief Yoon Jong-won can take on the challenge, after his inauguration speech last week.

Kim Bo-eun | 2020-02-11 16:57

Woori-FSS feud deepening over DLF case

Woori-FSS feud deepening over DLF case

Woori Financial Group plans to fight punitive measures imposed on its chairman Son Tae-seung for the mis-selling of derivative-linked funds (DLF) that caused major losses for investors last year.

Kim Bo-eun | 2020-02-11 13:32

Woori's privatization plan hits snag amid leadership crisis

Woori's privatization plan hits snag amid leadership crisis

Uncertainties are growing over Woori Financial Group's privatization plan, due to its falling share price amid a leadership crisis.

Kim Bo-eun | 2020-02-10 16:04

Shinhan Bank's strategy conference

Shinhan Bank's strategy conference

Shinhan Bank CEO Jin Ok-dong speaks during a management strategy conference at the bank's headquarters in Seoul, Friday. During the meeting with executives he underlined the need to carry out customer-centric sales strategies.Courtesy of Shinhan Bank

Lee Min-hyung | 2020-02-09 16:59

Shinhan defeats KB by whisker in 2019

Shinhan defeats KB by whisker in 2019

Shinhan Financial Group managed to maintain its lead in the yearly earnings last year, beating out its competitor KB Financial Group by a narrow margin, their regulatory filings showed Friday.

Park Jae-hyuk | 2020-02-07 16:30

Hana financial urged to boost non-banking biz

Hana financial urged to boost non-banking biz

Hana Financial Group Chairman Kim Jung-tai is being pressured to speed up strengthening the group's non-banking sector after 2019 corporate earnings laid bare the group's “disproportionate” reliance on Hana Bank.

Lee Kyung-min | 2020-02-06 18:30

Woori marred by poor internal control systems

Woori marred by poor internal control systems

A series of incidents involving Woori Bank has shown how consumer protection can be compromised under poor internal control systems.

Kim Bo-eun | 2020-02-06 17:02

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