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Finance

Banks

Sun, January 17, 2021 | 08:06

Hana Bank pushes for English-language documentation

Hana Bank pushes for English-language documentation

Hana Bank will introduce documents written in both English and Korean in the latter half of 2021, as part of a group-wide globalization vision, the lender said Friday.

2021-01-15 16:54

Will Korean bank stocks bounce back on blue wave?

Will Korean bank stocks bounce back on blue wave?

Investors are paying growing attention to whether Korean bank shares will be able to benefit from the so-called blue wave, a commonly used phrase referring to U.S. President-elect Joe Biden's stronger political grip there, as this raises hopes for a rise in the interest rate here.

2021-01-14 16:45

President's fund pick draws investor attention

Woori Financial Capital swears in new CEO

Woori Financial Capital swears in new CEO

Woori Financial Capital held a ceremony Wednesday appointing new CEO Park Kyoung-hoon, the vehicle-financing subsidiary of Woori Financial Group said Thursday.

2021-01-14 14:46

Industrial Bank of Korea under pressure to appoint board member from union

Industrial Bank of Korea under pressure to appoint board member from union

The Industrial Bank of Korea (IBK) is under pressure to give its union more of a say in its decision-making process, as a person recommended by the union is expected to become a non-executive board member for the first time in the country's banking industry.

2021-01-13 15:13

Financial groups focus on investing in zero-carbon drives

Financial groups focus on investing in zero-carbon drives

Korea's major financial groups have launched zero-carbon initiatives, amid the public's rising awareness and demand for financial companies' sustainable environmental, social and corporate governance (ESG) investing strategies.

Anna J. Park | 2021-01-13 09:20

K bank in urgent search for new CEO

K bank in urgent search for new CEO

K bank is urgently searching for a new figure to serve as its CEO after former chief Lee Mun-whan resigned abruptly, Friday.

2021-01-11 16:19

All-digital CES loses popularity with Korean banking groups

All-digital CES loses popularity with Korean banking groups

Local banking groups are paying less attention to this year's Consumer Electronics Show (CES), which kicked off Monday as an online event, for the first time in its 55-year history, due to the COVID-19 pandemic.

2021-01-11 14:58

Local lenders face polarization in delinquency rates

Local lenders face polarization in delinquency rates

As the economic shock from the COVID-19 pandemic is prolonged, signs of polarization are being spotted everywhere in the economy, including local lenders' recent performances.

Anna J. Park | 2021-01-09 09:26

Former Shinhan exec to direct KB's digitization

Former Shinhan exec to direct KB's digitization

A former vice president at Shinhan Financial Group's IT service unit has jumped ship to Shinhan's rival KB Financial Group, taking the nation's banking industry by surprise. Cho Young-suh, former vice president of Shinhan DS, announced that KB Financial Group had appointed him as the new head of the group's think tank, KB Research, and the leader of KB Kookmin Bank's digital ...

2021-01-07 14:34

Iran tensions alarm IBK, Woori Bank

Iran tensions alarm IBK, Woori Bank

The Industrial Bank of Korea (IBK) and Woori Bank are keeping a close eye on the aftermath of Iran's Islamic Revolutionary Guard Corps' seizure of a Korean-flagged oil tanker in the Strait of Hormuz over alleged environmental and chemical contamination by the ship, the banks said Tuesday.

2021-01-05 15:15

Gov't seeks reason behind Iran's tanker seizure

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