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Finance

Banks

Thu, January 23, 2020 | 07:47

Bidding farewell

Bidding farewell

Industrial Bank of Korea (IBK) CEO Kim Do-jin, center, receives an appreciation plaque and a bouquet from employees during his retirement ceremony at IBK headquarters in Seoul, Friday. He left the state-run lender before his successor could be appointed, as the union has resisted Cheong Wa Dae's alleged attempts to appoint a government official as the new IBK CEO. / Yonhap

Park Jae-hyuk | 2019-12-27 16:18

Eximbank CEO in hot seat for labor-leaning stance

Eximbank CEO in hot seat for labor-leaning stance

The chief of the Export-Import Bank of Korea (Eximbank) has come under sharp criticism for considering introducing a codetermination system in a bid to appease the bank's union, according to critics Friday.

Park Jae-hyuk | 2019-12-27 15:23

Militant union rises as another threat to banks

KB Kookmin Bank accelerates expansion in Southeast Asia

KB Kookmin Bank accelerates expansion in Southeast Asia

KB Kookmin Bank has begun its drive to expand its presence in Southeast Asia, the top priority of CEO Hur Yin who started his second term in November.

Kim Bo-eun | 2019-12-27 15:19

For a warmer winter

For a warmer winter

Financial Supervisory Service (FSS) Governor Yoon Suk-heun, fourth from left, poses with Salvation Army Korea Commander Kim Pil-soo, fifth from left, and chiefs of banks after the FSS and financial firms donated funds to the charity organization, at the organization's headquarters in central Seoul, Thursday. / Yonhap

Kim Bo-eun | 2019-12-26 15:00

Boosting morale

Boosting morale

NongHyup Bank CEO Lee Dae-hoon, seventh from left, poses with officials from the bank and the military at the 1st Infantry Division in Paju, Gyeonggi Province, Dec. 24. Lee visited them to boost morale. Courtesy of NongHyup Bank

Lee Kyung-min | 2019-12-25 16:51

Banks bolster benefits for single workers

Banks bolster benefits for single workers

Banks are introducing various employment benefits for single workers, a growing number of whom are demanding equal treatment as their married peers, industry sources said Wednesday.

Lee Kyung-min | 2019-12-25 16:49

Banks compete for overseas remittance biz

Banks compete for overseas remittance biz

Banks are leading an intensive marketing campaign to take the upper hand in the overseas remittance business, the market share of which is increasingly encroached upon by new competitors such as card and insurance firms, industry officials said Wednesday.

Lee Kyung-min | 2019-12-25 16:48

Supporting bilingual students

Supporting bilingual students

Hana Nanum Foundation Chairman Ham Young-joo, front row fourth from right, and Korean Institute for Healthy Family CEO Kim Hye-yeong, front row fifth from right, pose with bilingual children of multiracial families at the Seoul Regional Public Procurement Service building, Tuesday. The foundation donated 50 million won ($43,000) to the institute to grant scholarships to 30 ta...

Park Jae-hyuk | 2019-12-24 16:31

Open banking reveals poor security of fintech firms

Open banking reveals poor security of fintech firms

The official launch of the open banking service this month has revealed security risks prevail in the nation's fintech industry, as most startups have failed to win approval to operate the service due to their inability to protect users from data theft.

Park Jae-hyuk | 2019-12-24 15:40

Pledge to protect consumers

Pledge to protect consumers

Korea Federation of Banks (KFB) Chairman Kim Tae-young, front row center, and executives of 18 banks display a resolution on restoring consumer trust at KFB headquarters in Seoul, Monday. Their pledge was made as banks have come under criticism for the mis-selling of financial products that caused major losses to investors. / Courtesy of KFB

Park Jae-hyuk | 2019-12-23 18:28

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