KoreaTimes(126) - Banks, Finance, page 1

The Korea Times

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Banks

Tue, July 14, 2020 | 21:08

Are Tehran's demands unreasonable?

Are Tehran's demands unreasonable?

The Iranian government's attempt to regain access to its oil export revenue, which was seized in Korea amid Washington's economic sanctions, is leading to concerns that the situation could develop into a legal battle for Woori Bank and the Industrial Bank of Korea (IBK), both of which have taken charge of the Middle Eastern country's frozen accounts here.

Park Jae-hyuk | 2020-07-14 16:30

Hana may face another setback for 'misselling' of risky fund

Hana may face another setback for 'misselling' of risky fund

Hana Bank, NongHyup Bank and Shinhan Bank - three major retailers of a trade finance fund managed by a Korean fund operator - are in growing anxiety over the potential suspension of the financial product's redemption. The concern comes as Fidelis Asset Management failed recently to pay early redemption fees over the fund sold by Hana Bank. The lender sold the fund worth 28.3 ...

Lee Min-hyung | 2020-07-14 16:26

Strengthening mobile banking services

Strengthening mobile banking services

NongHyup Bank Chief Digital Officer Lee Sang-rae, fourth from left, holds a signed MOU with company officials as well as fintech company ATON CEO Kim Jong-seo, sixth from left, at the NH Digital Innovation Campus located in southern Seoul, last Thursday. The two companies, together with major mobile carriers LG U+ and SK Telecom, vowed to cooperate to provide better mobile ba...

Anna J. Park | 2020-07-13 17:44

Lenders to tighten rules against default risks

Lenders to tighten rules against default risks

Commercial banks are rushing to impose stricter lending rules following a spike in credit-backed borrowing from individuals and low-income businesses run by the self-employed, in a precautionary measure to rein in default risks triggered by the economic crisis amid the spread of the COVID-19 pandemic.

Lee Kyung-min | 2020-07-13 17:28

'Financial firms should partner with new sectors for survival'

'Financial firms should partner with new sectors for survival'

Financial firms, especially banks, are facing challenging times in the COVID-19 period. The pandemic has further brought down already low interest rates, and platforms created by tech companies are rapidly expanding their presence.

Kim Bo-eun | 2020-07-12 18:12

E-workshop for latter half

E-workshop for latter half

KB Financial Group Chairman Yoon Jong-kyoo, head of the table, presides over a meeting attended by over 200 key group officials to discuss business strategies for the latter half of 2020 at the head office of KB Kookmin Bank on Yeouido, Seoul, July 10. At the teleconference gathering, officials shared ideas for effective corporate management following drastically changed busi...

Lee Kyung-min | 2020-07-12 17:13

Woori continues to see its reputation tarnished

Woori continues to see its reputation tarnished

A massive scandal involving banks' mis-selling of financial derivative products dealt a blow to Woori Bank last year, and the lender continues to see its reputation tarnished over continued misconduct. The Financial Services Commission (FSC) recently finalized an 800 million won fine for Woori, with regards to a system error that occurred in May 2018.

Kim Bo-eun | 2020-07-09 18:49

KKR facing concerns in managing Shinhan's fund

KKR facing concerns in managing Shinhan's fund

Kohlberg Kravis Roberts & Co. (KKR) is facing growing concerns over the management of its $50 million real estate and infrastructure fund raised in collaboration with Shinhan Financial Group, as on-site due diligence has become practically impossible amid the COVID-19 pandemic, according to industry sources, Thursday.

Park Jae-hyuk | 2020-07-09 15:30

COVID-19 pushing backs to pursue stability over profitability

COVID-19 pushing backs to pursue stability over profitability

The spread of COVID-19 is pushing local banks to focus on soundness over profitability.

Lee Min-hyung | 2020-07-07 16:40

[Reporter's Notebook] Can English names break hierarchy in Shinhan?

[Reporter's Notebook] Can English names break hierarchy in Shinhan?

Shinhan Financial Group's two subsidiaries have recently joined the trend of using English names at the office, as part of efforts to break their hierarchical structures and allow their employees a sense of freedom to become more creative.

Park Jae-hyuk | 2020-07-07 14:42

1 2 3 4 5 6 7 8 9 10

WooriBank

Top 10 Stories

DARKROOM

Code of Ethics

Copyright