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Finance

Banks

Thu, January 23, 2020 | 13:56

IBK workers protest 'parachute CEO'

IBK workers protest 'parachute CEO'

Industrial Bank of Korea (IBK) workers began a protest Monday over a rumor that Cheong Wa Dae is planning to appoint a government official as the state-run lender's next chief.

Kim Bo-eun | 2019-12-10 16:46

Cooperation with Romanian agency

Cooperation with Romanian agency

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, left, poses with Romanian Agency for International Development General Director Catalin Harnagea, after signing an agreement for knowledge sharing on international development cooperation at Eximbank's headquarters on Yeouido in Seoul, Monday. / Courtesy of Eximbank

Kim Bo-eun | 2019-12-10 15:52

McKinsey urges Korean banks to enhance profitability

McKinsey urges Korean banks to enhance profitability

McKinsey & Company has displayed a skeptical outlook about the future of Korea's major commercial banks, despite the solid earnings they have enjoyed over the past few years, according to its Korean partner, Monday.

Park Jae-hyuk | 2019-12-09 14:08

Financial groups seek to scale up portfolios

Financial groups seek to scale up portfolios

Major financial groups are in a race to scale up their business portfolios to boost non-banking revenue as profit margins in the banking sector have been squeezed amid low interest rates.

Kim Bo-eun | 2019-12-06 19:32

Shinhan Bank hires chatbot as apprentice

Shinhan Bank hires chatbot as apprentice

Shinhan Bank officially appointed its virtual chatbot-assisted communication channel platform, “AI Moli,” as a new “employee” Nov. 21 in line with the beginning of the program's trial run that month, the bank said Wednesday.

Park Jae-hyuk | 2019-12-05 17:20

Investors to get up to 80% compensation for DLF losses

Investors to get up to 80% compensation for DLF losses

The Financial Supervisory Service (FSS) has ruled that banks should compensate 40 percent to 80 percent for victims of mis-selling of derivative-linked funds (DLF) that wiped out as much as 98 percent of the principal of investments, the regulator said Thursday. This is the highest level of compensation the authority's dispute settlement committee has concluded so far.

Kim Bo-eun | 2019-12-05 17:08

Finance YouTuber gains traction for easy lecture on banking

Finance YouTuber gains traction for easy lecture on banking

Kim Ji-a was an ordinary bank clerk before she decided to become a YouTuber focusing on finance two years ago. Better known by her YouTube ID, Delnim, Kim is rapidly making her presence felt on the video streaming platform by uploading content on financial products and asset management in an easy to understand manner.

Lee Min-hyung | 2019-12-05 16:20

Lecture by Harvard prof

Lecture by Harvard prof

Shinhan Bank CEO Jin Ok-dong, front row left, and Shinhan Financial Group's Future Strategy Institute chief Lee Seong-yong, front row right, pose with Harvard Business School professor Rosabeth Moss Kanter, center, and group executives at the firm's headquarters in central Seoul, Wednesday. The group invited Kanter to deliver a lecture for the CEOs of Shinhan affiliates. The ...

Kim Bo-eun | 2019-12-05 14:53

BOK urged to reinvent itself in digital era

BOK urged to reinvent itself in digital era

Central banks across the globe are facing grave challenges, with digitization bringing fundamental changes to the economy and business ecosystem. Traditional monetary policy medicine does not work well in containing inflation, stimulating growth or maintaining financial stability. Simply speaking, the effect of key rate policies has been weakening as technology penetration ha...

Lee Min-hyung | 2019-12-04 18:10

Learning about finance

Learning about finance

Students from 10 ASEAN countries pose after learning about foreign exchange trading at KEB Hana Bank's headquarters in central Seoul, Nov. 27. Hana Financial Group invited 100 students from the region for its finance education program on the occasion of the Korea-ASEAN Commemorative Summit held in Busan, Nov. 25 and 26. / Courtesy of Hana Financial Group

Kim Bo-eun | 2019-12-04 16:45

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