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Finance

Banks

Mon, August 10, 2020 | 20:24

Donation for underprivileged

Donation for underprivileged

KB Kookmin Bank CEO Hur Yin, right, poses with Korea Red Cross President Park Kyung-seo after the lender donated 300 million won to the charity at the latter's headquarters in central Seoul, Tuesday. KB said the funds will be used to support the underprivileged hit by COVID-19. / Courtesy of KB Kookmin Bank

Kim Bo-eun | 2020-06-03 15:27

Supporting small biz owners

Supporting small biz owners

Shinhan Financial Group Chairman Cho Yong-byoung, right, poses with Minister of SMEs and Startups Park Young-sun at Tomorrow City in Incheon, May 27. Shinhan said Tuesday it had agreed with the ministry to launch a project that will help small business owners facing difficulties from the COVID-19 pandemic sell their products online starting today. / Courtesy of Shinhan Financ...

Park Jae-hyuk | 2020-06-02 15:13

Hana vice chairman files injunction against FSS sanctions

Hana vice chairman files injunction against FSS sanctions

Hana Financial Group Vice Chairman Ham Young-joo filed an injunction Monday against sanctions imposed by the Financial Supervisory Service (FSS) over the “DLF fiasco,” which have blocked him from becoming chairman, according to industry sources, Tuesday.

Park Jae-hyuk | 2020-06-02 15:12

Voice identification service by IBK

Voice identification service by IBK

A model promotes the Industrial Bank of Korea's voice identification service in this file photo. Starting from June 5, the state-owned lender will introduce the biometric authentication service, featuring higher-security, for the first time here, it said Sunday. When customers speak in a telephone call with a call center staff member, the platform can identify who they are in...

Lee Min-hyung | 2020-05-31 16:40

Sleeping with enemy?

Sleeping with enemy?

Shinhan and Hana financial groups' sudden announcement Monday that they had formed a partnership to enhance their competitiveness in the global market surprised the nation's financial industry since this was the first time that financial services holding firms here had signed a memorandum of understanding (MOU) with each other.

Park Jae-hyuk | 2020-05-29 16:55

For eco-friendly shipbuilding

For eco-friendly shipbuilding

Participants in a signing ceremony for a 480 billion won ($388 million) green syndicated loan hold copies of the agreement at the Korea Development Bank (KDB) headquarters in Seoul, Friday. The state-run bank and three other financial firms agreed to lend the money to Hyundai Heavy Industries (HHI) for eco-friendlier shipbuilding. From left are Industrial and Commercial Bank ...

Park Jae-hyuk | 2020-05-29 16:14

Supporting after-school teachers

Supporting after-school teachers

NongHyup Financial Group Chairman Kim Gwang-soo, third from right, and Education Minister Yoo Eun-hae, fourth from right, pose for a photo after signing an MOU at the headquarters of NongHyup Financial Group in central Seoul, Monday. Through the MOU, after-school teachers can get low-interest loans using the NongHyup Bank mobile app. / Courtesy of NongHyup Financial Group

Anna J. Park | 2020-05-25 17:04

Shinhan, Hana team up for globalization

Shinhan, Hana team up for globalization

Shinhan and Hana financial groups formed an unprecedented partnership to enhance their competitiveness in the global market, the two banking groups said Monday.

Park Jae-hyuk | 2020-05-25 16:56

Lenders deterred from preparing for worst-case scenario

Lenders deterred from preparing for worst-case scenario

Domestic banks have been unable to brace for the negative impact of the COVID-19 pandemic, due to the government virtually barring them from increasing their reserves for loan losses.

Park Jae-hyuk | 2020-05-25 16:42

SC offers benefits for new customers

SC offers benefits for new customers

Customers opening an account with Standard Chartered (SC) Bank Korea offering an annual interest rate of 0.6 percent will be provided up to 2 million won in gift certificates when they keep the stated amount of funds in the account.

2020-05-24 16:14

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