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Finance

Banks

Sat, August 24, 2019 | 00:22

KB to help Myanmar

KB Kookmin Bank CEO Hur Yin, third from right, poses with Myanmar's ambassador to Korea U Thant Sin, second from left, Myanmar's Construction Minister Han Zaw, third from left, and other officials in front of the bank's headquarters on Yeouido, Seoul, July 4. They have agreed to foster cooperation and exchanges in the area of housing finance. Courtesy of KB Kookmin Bank

Lee Kyung-min | 2019-07-04 17:30

Hana incorporates Toss into global payment network

Hana Financial Group has incorporated mobile money transfer app Toss into its global payment system, the group said Thursday. KEB Hana Bank signed the agreement a day earlier with Toss operator Viva Republica for a strategic partnership.

Kim Bo-eun | 2019-07-04 17:06

Supporting multicultural families

Hana Nanum Foundation Chairman Ham Young-joo, right, and Gender Equality and Family Minister Jin Sun-mee, left, hold a banner promoting the charity foundation's donation of 10 million won ($8,535) to Kim Ye-jin, center, and her family at the Hana Financial Group's headquarters in central Seoul, Tuesday. Kim is a naturalized Korean from Nepal. / Courtesy of Hana Financial Group

Jhoo Dong-chan | 2019-07-03 17:54

Banks experiment with working space

Banking is known to be among the most conservative sectors here, being hierarchical and slow to change. Yet some banks are taking drastic steps to innovate their organizational culture to adapt to the digital era. At KEB Hana Bank's headquarters in central Seoul, employees choose where to sit when they come to work each morning. They do not have their own desks. They cannot s...

Kim Bo-eun | 2019-07-03 09:47

Banks close down branches amid digitization

The number of bank branches in Korea has been on a steady decline due to an increase in non-face-to-face transactions amid digitization. According to latest data from the Financial Supervisory Service (FSS), the number of branches at the country's 18 commercial banks including the top five - Shinhan, KB Kookmin, Woori, KEB Hana and HongHyup - has decreased by 13 percent to 6,...

Lee Kyung-min | 2019-07-02 17:22

Future fintech experts

Winners and participants of the 2019 KB-KISA Fintech Hackerthon pose with KB Kookmin Bank officials at the Seoul branch of the Korea Internet & Security Agency (KISA), June 30. A total of 126 people from 33 teams joined the competition to share new ideas for fintech-based financial services. Courtesy of KB Kookmin Bank

Lee Kyung-min | 2019-07-01 17:09

Woori strengthening ties between subsidiaries

Woori Financial Group will establish four different taskforces to strengthen ties between its subsidiaries' global, digital, wealth management (WM) and commercial investment bank (CIB) businesses, the group said Monday.

Jhoo Dong-chan | 2019-07-01 16:12

Hana aims to be digital platform company

Hana Financial Group has a clear objective that differentiates the holding company from its competitors: becoming a fully data-based entity to fundamentally transform itself from a traditional financial services provider to an active digital platform company.

Lee Kyung-min | 2019-07-01 07:12

Hana TI: digital center and beyond

War on financial scams

Shinhan Bank CEO Jin Ok-dong puts up a poster promoting the bank's campaign to eradicate various financial crimes, including voice phishing fraud, at the bank's head branch in central Seoul, Thursday. Jin said the bank will form a taskforce, the Fraud Detection System Lab, next month to uncover such financial irregularities. / Courtesy of Shinhan Bank

Jhoo Dong-chan | 2019-06-30 21:07

KB to invest in Southeast Asia's car-sharing service

KB Financial Group has decided to invest in Singapore-based car-hailing service Grab through its venture capital subsidiary, the company said Sunday.

Jhoo Dong-chan | 2019-06-30 21:06

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