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Finance

Banks

Tue, January 28, 2020 | 22:36

[INTERVIEW] Non-banking M&As key agenda for Woori

[INTERVIEW] Non-banking M&As key agenda for Woori

Scaling up the group by arming itself with non-banking units is a key task for Woori Financial Group this year, following its launch as a financial holding company in January 2019. Last year, Woori acquired ABL Global Asset Management, Tongyang Asset Management and Kukje Asset Trust, a real estate management firm.

Kim Bo-eun | 2020-01-06 16:40

KB chairman seeks future growth engines at CES

KB chairman seeks future growth engines at CES

KB Financial Group Chairman Yoon Jong-kyoo became the nation's first financial group CEO to visit the Consumer Electronics Show (CES), according to industry officials, Monday.

Park Jae-hyuk | 2020-01-06 15:42

Banks create culture space to attract young customers

Banks create culture space to attract young customers

Korea's leading commercial banks are rushing to create a culture space in Hongdae, or the Hongik University area, to strengthen a future customer base.

Lee Kyung-min | 2020-01-05 20:03

Launch of Daejeon Hana football club

Launch of Daejeon Hana football club

Hana Financial Group Chairman Kim Jung-tai waves a flag marking the launch of Daejeon Hana Citizen Football Club at the Chungmu Gymnasium in the city of Daejeon, Saturday. Behind Kim, the owner of the club, are the club's coach and players. / Courtesy of Hana Financial Group

Kim Bo-eun | 2020-01-05 16:59

Financial firms incorporate ESG into business strategies

Financial firms incorporate ESG into business strategies

The finance sector is increasingly incorporating the term ESG into their management strategies, to keep up with global trends and meet investors and shareholders' demands.

Kim Bo-eun | 2020-01-05 16:58

Aiming for top

Shinhan Financial Group Chairman Cho Yong-byoung, front row center, raises his fist with top executives during the Shinhan Management Forum at the group's training center in Yongin, Gyeonggi Province, Thursday. The chairman said resilience will enable the group to overcome recession. / Courtesy of Shinhan Financial Group

Park Jae-hyuk | 2020-01-05 16:09

New IBK chief faces union protest over 'parachute appointment'

New IBK chief faces union protest over 'parachute appointment'

The union at the Industrial Bank of Korea (IBK) pledged to stage an all-out protest against Yoon Jong-won, new leader of the state-run bank, as he was “parachuted in” for the position due to political connections with the incumbent administration. The ex-presidential secretary failed to enter IBK headquarters on the first day of his term on Friday amid fierce opposition from ...

Lee Min-hyung | 2020-01-03 16:24

[INTERVIEW] AI, big data becoming Shinhan's new growth engines

[INTERVIEW] AI, big data becoming Shinhan's new growth engines

Shinhan Financial Group is set to upgrade its capability in artificial intelligence (AI) and big data in 2020 in line with the government's initiative to “invigorate” the data economy, according to the head of the nation's largest banking group. The data economy refers to a global digital ecosystem in which data is gathered, organized and exchanged by a network of vendors for...

Park Jae-hyuk | 2020-01-02 16:02

K bank chief's term extended again

K bank chief's term extended again

K bank CEO Shim Sung-hoon's term has been extended once again for another three months. Shim is set to serve his term through the end of March, when the bank holds its general shareholders meeting. In September, the internet bank extended Shim's term to Jan. 1, so he could undertake the task of increasing the troubled bank's capital.

Kim Bo-eun | 2020-01-01 16:21

Global, digital, trust - keywords for banks in 2020

Global, digital, trust - keywords for banks in 2020

Financial groups and lenders have set three keywords for 2020 to adapt to the digital era and low interest rates and regain consumer trust.

Kim Bo-eun | 2020-01-01 16:08

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