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Finance

Banks

Sun, August 25, 2019 | 05:11

Financial groups post strong performance abroad

The nation's four financial groups have shown a strong performance overseas over the past two years, backed by their successful business portfolio diversification in Southeast Asia, data showed Sunday.

Lee Kyung-min | 2019-07-14 17:31

Fostering startups

Shinhan Financial Group Chairman Cho Yong-byoung makes opening remarks at a job fair for new and experienced workers including participants of Shinhan Future's Lab, the bank-organized startup nurturing program at Shinhan L Tower in Seoul, July 12. Over 1,000 jobseekers and 37 firm...

Lee Kyung-min | 2019-07-14 17:30

'Open Finance' at heart of Woori's digital strategy

Woori Bank's digital strategy is all about opening up its data, functions and customer base, according to the bank's chief digital officer (CDO). “Banks no longer keep technology and ideas exclusively to themselves. They need to develop products and services together with partners and customers, and need to tear down walls to enable this,” Woori Bank's CDO Hwang Weon-cheol to...

Kim Bo-eun | 2019-07-14 16:55

Startups benefit from Dinno Lab's test bed

What startups need most is a test bed through which they can test their technology and receive feedback, according to those in the field. “Because the finance sector is highly conservative, companies have a lot of doubt about new technology,” Infosonic CEO Cho Hoon-taek said. “The first question they ask is if we have a reference.”

Kim Bo-eun | 2019-07-14 16:36

Kakao Bank's customers exceed 10 million in two years

The number of Kakao Bank's customers has exceeded 10 million, just two years after its establishment, the bank said Friday. Kakao Bank, one of two internet-only banks here, had 10 million customers as of July 11. The bank started customer services on July 27, 2017. Customers were defined as those who have opened an account, as people can use other services offered by Kakao Ba...

Kim Bo-eun | 2019-07-12 16:03

Woori to launch center for pension fund management

Woori Bank will open a center for pension fund management Monday, to improve its customers' return on assets, the bank said Friday.

Park Jae-hyuk | 2019-07-12 15:33

Shinhan defending 'leading bank' title from KB

Shinhan Financial Group will likely maintain its position as the nation's top financial group for three consecutive quarters, as it is expected to beat out its competitor KB Financial Group by a narrow margin in second-quarter earnings, analysts and brokerages said Thursday.

Park Jae-hyuk | 2019-07-12 09:56

Hana's daycare center in Gwangju

Hana Financial Group Vice Chairman Ham Young-joo, third from right, waters plants with Park Seung, head of the group's social contribution committee, fourth from left, and other guests and children at a daycare center that opened at a KEB Hana Bank branch in Gwangju, Thursday. Hana's daycare center will accept children of employees of small- and medium-sized enterprises based...

Kim Bo-eun | 2019-07-11 16:54

For sustainable financial innovation

Financial Services Commission Chairman Choi Jong-ku, front row center, and CEOs of financial firms applaud during a seminar at Four Seasons Seoul, Wednesday, to celebrate Information Security Day. Choi urged the CEOs to prioritize financial stability and consumer protection for sustainable financial innovation. / Yonhap

Park Jae-hyuk | 2019-07-10 16:30

KB, Hana's China units warned of liquidity risks

Financial authorities have issued a warning to KB Kookmin and KEB Hana Bank's corporate bodies in China for their poor financial structure. The Financial Supervisory Service (FSS) said Tuesday the agency issued an “attention-level” warning to both banks' corporate bodies in China. A financial firm is subject to submit an improvement plan with the agency within three months if...

Jhoo Dong-chan | 2019-07-09 18:27

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