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Fri, October 2, 2020 | 03:20
Banks enhancing digital workforce
Banks enhancing digital workforce
Commercial banks here are reinforcing their digital workforce by cutting recruitment of bank clerks and expanding that of IT experts, in their bid to become online-driven and digitally agile lenders at the earliest possible date. The nation's five largest banks shared their plans to cut the number of new employees in half this year, compared to last year, amid unfavorable mar...
Lee Min-hyung | 2020-09-29 16:41
KDB criticized for allowing unfair competition
KDB criticized for allowing unfair competition
The Korea Development Bank (KDB) is facing sharp criticism over KDB Investment's recent attempts to acquire Doosan Infracore and Hanjin Heavy Industries & Construction.
Park Jae-hyuk | 2020-09-29 14:58
KDB open to supporting SsangYong
KDB open to supporting SsangYong
Korea Development Bank (KDB) Chairman Lee Dong-gull hinted Monday the state-run bank is still open to offering financial support to HAAH Automotive Holdings which seeks to acquire the cash-strapped SsangYong Motor.
Park Jae-hyuk | 2020-09-28 16:34
KB Financial to lead anti-coal campaign
KB Financial to lead anti-coal campaign
KB Financial Group has officially renounced its carbon-heavy investment plans, in a group-wide directive toward taking the initiative to tackle climate change, it said Sunday.
Lee Kyung-min | 2020-09-27 17:03
IBK suspends branch head for receiving money
IBK suspends branch head for receiving money
The state-run Industrial Bank of Korea (IBK) is in the hot seat after a series of misconduct incidents involving its employees. In the latest case, a branch head was found to have received tens of millions of won from a customer in exchange for providing convenience in services.
Kim Bo-eun | 2020-09-25 16:58
Standard Chartered CEO meets FSC chairman
Standard Chartered CEO meets FSC chairman
Financial Services Commission (FSC) Chairman Eun Sung-soo, left, and Standard Chartered Group CEO Bill Winters pose at the Government Complex Seoul, Thursday. The bank said the CEO agreed on the potential of Seoul to become Asia's financial hub given the size of the Korean economy and the country's presence in global trade. They also discussed Korea's COVID-19 policy response...
Park Jae-hyuk | 2020-09-24 16:11
Citibank Korea set to see first female CEO
Citibank Korea set to see first female CEO
Citigroup made headlines last week by appointing its global consumer banking CEO Jane Fraser as its first female group CEO. Now attention is being drawn to the possible appointment of the first female CEO at Citibank Korea.
Kim Bo-eun | 2020-09-24 14:00
Kookmin Bank's mobile phone biz at risk?
Kookmin Bank's mobile phone biz at risk?
KB Kookmin Bank's new line of business offering mobile phone plans in partnership with telecommunications firm LG Uplus continues to face setbacks due to hardline opposition from the lender's union.
Kim Bo-eun | 2020-09-23 17:35
Nonghyup Bank files for approval of Beijing branch
Nonghyup Bank files for approval of Beijing branch
Major South Korean lender Nonghyup Bank has applied for China's approval to open a branch in Beijing as part of its Asian push, industry sources said Tuesday. Nonghyup Bank, which lodged the application with the China Banking and Insurance Regulatory Commission late last month, is expected to receive preliminary approval by February at the latest.
2020-09-22 11:07
Partnership with real estate investment platform
Partnership with real estate investment platform
A model promotes Hana Bank's partnership with the real estate investment platform operator KASA Korea, in this photo provided Monday. The lender and KASA Korea launched the mobile application KASA, which enables people to invest small amounts in commercial real estate through digital asset-backed securities. / Courtesy of Hana Bank
Kim Bo-eun | 2020-09-21 17:30
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