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Finance

Banks

Thu, October 28, 2021 | 20:21

Toss Bank still inaccessible to foreign customers

Toss Bank has failed to fulfill its previous promise to embrace Korea's residents of foreign nationality, in time for the day it kicked off its operations.

Park Jae-hyuk | 2021-10-05 16:41

Moody's questions KDB's 'double post' strategy in Hong Kong

Moody's Investors Service questioned the Korea Development Bank's (KDB) “double-post” strategy in Hong Kong, downgrading KDB Asia's ratings outlook to “negative.”

Lee Min-hyung | 2021-10-05 15:17

Toss Bank to benefit from tight lending rules

Fears of tighter lending rules will set Toss Bank off to a solid start after the internet-only lender makes its much-awaited debut on Tuesday, market insiders said.

Lee Min-hyung | 2021-10-04 16:35

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

Kim Yoo-chul | 2021-10-04 13:47

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

Lee Kyung-min | 2021-09-30 14:54

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...

Park Jae-hyuk | 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.

Park Jae-hyuk | 2021-09-23 16:52

Kakao Pay confirms IPO has been delayed

Kakao Pay has decided to delay its initial public offering (IPO), an investment banking source said Thursday. The move comes after Kakao and its affiliates lost over $15 billion in market capitalization this month alone as its stock price tanked due to the government's crackdown on the country's top messaging service operator.

Kim Yoo-chul | 2021-09-23 16:32

Naver, Kakao on verge of suspending more financial services

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