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Finance

Banks

Tue, January 21, 2020 | 08:21

Korean banks seeking expansion in Myanmar

Korean banks seeking expansion in Myanmar

Korean lenders are seeking business expansion in Myanmar, a member state of ASEAN emerging as a key growth area under the Moon Jae-in administration's New Southern Policy.

2019-11-26 17:11

Fintech app users drop after open banking services

Fintech app users drop after open banking services

Viva Republica, the operator of mobile money transfer app Toss, has suffered a blow with the advent of open banking services, which enable financial consumers to manage all of their bank accounts using just one app, data showed Monday.

2019-11-26 13:23

Understanding employees

Understanding employees

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, center, learns how to grant loans to customers using a computerized processing system at the state-run bank's branch in Busan, Monday. He also visited a medium-sized sensor maker in the city to hear the difficulties of manufacturers. / Courtesy of Eximbank

2019-11-26 13:07

[INTERVIEW] 'ASEAN market top priority for Woori Financial Group'

[INTERVIEW] 'ASEAN market top priority for Woori Financial Group'

Woori Financial Group will place a top priority on the ASEAN market in order to speed up its overseas expansion and become a leading financial group in Asia, Chairman Son Tae-seung said Monday. “The ASEAN market is a top priority for Woori Financial Group when it comes to overseas expansion,” Son said in a written interview with The Korea Times. Sohn doubles as the CEO of Woo...

2019-11-25 16:34

Financial firms simplify titles to break hierarchy

Financial firms simplify titles to break hierarchy

When an EBS-owned outspoken penguin character Pengsoo addressed the state-run educational broadcaster's CEO Kim Myung-joong without mentioning his title, Korean adults were enthusiastic about the character's “unthinkable behavior.”

2019-11-25 16:09

Best programmers

Best programmers

Shinhan Financial Group Vice President Park Woo-hyuk, center, poses with programmers of “cattower,” during an award ceremony for the Shinhan Hackathon at the Shinhan Life headquarters building in Seoul, Sunday. They received the grand prize and 10 million won ($8,500) for developing a program that allows users to send money and check their financial information us...

2019-11-25 15:56

Woori aims to raise overseas earnings to 40%

Woori aims to raise overseas earnings to 40%

At Woori Financial Group's strategic meeting for the second half of the year, Chairman Sohn Tae-seung pledged to make the group's overseas business account for 40 percent of total earnings.

2019-11-25 15:51

[INTERVIEW] 'ASEAN market top priority for Woori Financial Group'

Internet-only banks set to challenge major lenders

Internet-only banks set to challenge major lenders

Competition in the banking industry is expected to heat up next year as regulations limiting the growth of internet-only banks have been cleared paving the way for them to do business in a more aggressive manner.

2019-11-25 15:50

BOK on high alert over Facebook's Libra

BOK on high alert over Facebook's Libra

With Facebook touting its Libra cryptocurrency project, central banks across the globe are split over whether to issue public digital currencies amid concerns that such a stablecoin issued by a private firm can undermine their monetary sovereignty. Central banking authorities, including Seoul's Bank of Korea (BOK), are on the growing alert over the Libra, which the IT giant p...

2019-11-24 19:00

Suhyup Bank enhancing digitization

Suhyup Bank enhancing digitization

Suhyup Bank decided to set up a division in exclusive charge of digital strategy, as part of its attempts to seek a new opportunity in digital finance, according to the specialized bank founded by the National Federation of Fisheries Cooperatives (NFFC), Tuesday.

2019-11-24 16:15

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