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Sat, May 25, 2019 | 16:21

Finance > Banks >

KB strengthens ties with O2O startups

KB Financial Group plans to launch Liiv,a comprehensive, cloud-based digital service platform, in the latter half of 2019, a group official said Friday.

Banks | 2019-05-24 17:04

Myanmar investment seminar for SMEs

Industrial Bank of Korea (IBK) Chairman Kim Do-jin, fourth from left, poses with Myanmar's Minister of Investment and Foreign Economic Relations U Thaung Tun, fourth from right, Myanmar Ambassador to South Korea U Thant Sin, third from right, and other dignitaries representing Myanmar at a Myanmar Investment Seminar for Korean SMEs, at the Korea Chamber of Commerce and Indust...

Banks | 2019-05-23 17:06

Lee Yoon-pyo named as MSIM's Korea head

Morgan Stanley Investment Management (MSIM) has named Lee Yoon-pyo as its managing director and head for South Korea.

Banks | 2019-05-22 16:58

New internet-only bank to be announced May 26

The Financial Services Commission (FSC) will announce the results of its ongoing screening for a new internet-only bank as early as Sunday, the financial regulator said Wednesday. Two consortiums led by Kiwoom Securities and Toss, a mobile money transfer app owned by Viva Republica, have bid for licenses.

Banks | 2019-05-22 16:53

Woori chief on M&A roll

Woori Financial Group Chairman Sohn Tae-seung is on a roll in mergers and acquisitions (M&A). Since the group was launched as a holding company last January, Sohn has made aggressive deals to acquire non-banks such as asset management and real estate trusts.

Banks | 2019-05-22 15:29

Loans for youth

Financial Services Commission Chairman Choi Jong-ku, front row fourth from left, poses with chief executives of banks at an event promoting loan programs for young adults at the Korea Federation of Banks in Seoul, Wednesday. Choi asked banks to extend low-interest loans to young people so they can finance their housing deposits and monthly rent. Yonhap

Banks | 2019-05-22 15:12

SC Bank's checking accounts gaining popularity

Standard Chartered (SC) Bank Korea is in the limelight for two new checking accounts that it says are most suitable for customers' needs under the current economic slowdown.

Banks | 2019-05-21 16:19

Boosting social responsibility

Joo Cheol-soo, left, vice president of Shinhan Bank's consumer protection group, poses with DNV GL Korea President Lee Jang-sup at the bank's headquarters in Seoul, May 17. The two sides agreed to collaborate in carrying out a so-called equator principle framework to assess and manage environmental and social risks before making financial decisions. Courtesy of Shinhan Bank

Banks | 2019-05-20 14:37

Financial chiefs attract foreign investors

Chairmen of the country's top three local financial groups have departed for overseas conferences and meetings in an effort to attract foreign investors, industry sources said Monday. Woori Financial Group Chairman Sohn Tae-seung has left for Tokyo, Japan and Hong Kong where he will hold investor relations meetings for three days. The group said Sohn will meet executives from...

Banks | 2019-05-20 14:37

Kakao Bank sees improving profitability, plans to go public

Kakao Bank has turned a profit for the first time in the first quarter of this year. Observers expected it would take at least three years to start making money, but it took only 18 months since the internet-only bank was launched.

Banks | 2019-05-19 18:00

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