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Finance

Banks

Tue, January 21, 2020 | 08:14

Eximbank to expand financing for overseas infrastructure projects

Eximbank to expand financing for overseas infrastructure projects

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu said Monday the state-run lender will allocate 12 trillion won ($10 billion) for overseas infrastructure projects this year.

Kim Bo-eun | 2020-01-20 17:17

Starbucks unnerving Korean banks

Starbucks unnerving Korean banks

A growing number of Korean banking groups are showing alarm at Starbucks, describing the U.S. coffeehouse chain as a potential rival that could threaten their survival in the financial market within a few years, industry officials said Monday.

Park Jae-hyuk | 2020-01-20 16:31

January critical month for banking group chiefs

January critical month for banking group chiefs

The month of January has put major banking groups on alert, as it may determine sanctions imposed on their chiefs that may affect their terms.

Kim Bo-eun | 2020-01-19 17:07

Financial groups on alert over NPS' rising clout

Financial groups on alert over NPS' rising clout

Financial groups have become increasingly cautious over legal risks associated with shareholders, as the National Pension Service (NPS), which serves as the groups' largest shareholder, has pledged to take more aggressive action against damage to corporate value.

Kim Bo-eun | 2020-01-17 18:28

NongHyup Financial to launch JV with IFFCO to enter Indian market

NongHyup Financial to launch JV with IFFCO to enter Indian market

NongHyup Financial Group will launch a joint venture (JV) with the Indian Farmers Fertilizer Cooperative (IFFCO), the world's largest fertilizer cooperative, in a bid to make inroads into India's financial market, the group said Wednesday.

Anna J. Park | 2020-01-15 17:15

Donation for the needy

Donation for the needy

KB Financial Group Chairman Yoon Jong-kyoo, third from right, and Community Chest of Korea Chairman Ye Jong-suk, fourth from right, pose with other officials after KB donated 10 billion won to the charity, at the latter's office in central Seoul, Wednesday. The group said it has donated 121 billion won over the past 20 years to the organization. Courtesy of KB Financial Group

Kim Bo-eun | 2020-01-15 17:01

Supporting local parts maker

Supporting local parts maker

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, right, listens to OE Solutions CEO Park Yong-kwan, left, and chief financial officer Park Hwan, center, at the optoelectronic transceiver manufacturer's plant in Gwangju, Tuesday. Bang promised to finance local parts makers, so they can acquire core technologies. / Courtesy of Eximbank

Park Jae-hyuk | 2020-01-15 17:00

Lee's exit may change Kakao Bank's leadership structure

Lee's exit may change Kakao Bank's leadership structure

The decision by Kakao Bank's co-CEO Lee Yong-woo to leave the internet lender and run in the general election has brought about a change in the bank's leadership.

Kim Bo-eun | 2020-01-14 16:54

Promoting Korean language in Myanmar

Promoting Korean language in Myanmar

Choi Chang-su, second from right, managing director at KB Kookmin Bank's global business, poses with Myanmar's Human Resources Minister Daw Moe Moe Su Kyi, third from right, and participants to the groundbreaking ceremony of the Korean language test facility in Yangon, Myanmar, Jan. 10. KB will establish the four-story building to raise awareness of the Korean language in the...

Lee Min-hyung | 2020-01-13 15:59

Woori, Shinhan, KEB set to sue Lime to avoid responsibility

Woori, Shinhan, KEB set to sue Lime to avoid responsibility

Woori, Shinhan and KEB Hana banks and 13 other sellers of Lime Asset Management's troubled option-based funds are preparing to take legal action against the nation's largest hedge fund, according to industry officials, Sunday.

Park Jae-hyuk | 2020-01-12 16:41

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