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Finance

Banks

Tue, August 4, 2020 | 17:30

Global PEFs strengthening ties with Korean banks

Global PEFs strengthening ties with Korean banks

World-class private equity firms (PEFs) have begun forming stronger partnerships with banking groups here, showing an optimistic outlook for the domestic financial market's growth potential and stability, according to industry officials, Tuesday.

Park Jae-hyuk | 2020-06-30 16:08

SK, Samsung vie for $238 mil. IT service deal to KDB

SK, Samsung vie for $238 mil. IT service deal to KDB

SK C&C and Samsung SDS took submitted tenders Monday for a contract to provide IT services to the Korea Development Bank (KDB) which is pursuing speedy digitization amid the rising popularity of contactless transactions, according to company officials and industry sources.

Park Jae-hyuk | 2020-06-29 15:53

Banks, telecom firms enhance ties in advent of 'data economy'

Banks, telecom firms enhance ties in advent of 'data economy'

Commercial banks here are enhancing their partnerships with telecom companies as the era of “data economy” comes closer and competition from emerging financial players gets tougher. With the so-called “three data bills” taking legal effect as of Aug. 5, companies from different industrial sectors are moving to join hands for potential synergies to develop more customer-orient...

Lee Min-hyung | 2020-06-28 17:00

Recognized for personal data protection

Recognized for personal data protection

Woori Bank CEO Kwon Kwang-seok and Norwegian Ambassador to Korea Frode Solberg hold an ISO 27701 certificate at the bank's main branch in Seoul, Monday. Woori said Wednesday it became the nation's first financial firm to win the certificate which a Norway-headquartered international accredited registrar DNV GL gives to companies that fulfill the requirements for information p...

Park Jae-hyuk | 2020-06-24 16:11

Eximbank-Hana Bank join hands for global expansion of Korean firms

Eximbank-Hana Bank join hands for global expansion of Korean firms

The Export-Import Bank of Korea (Eximbank) is teaming up with Hana Bank to financially support Korean companies' global expansion, they said Wednesday. The partnership is part of their efforts to help local firms make smooth inroads into countries in East Asia. Details of the memorandum of understanding include loan offers to firms planning to expand into emerging Asian count...

Lee Min-hyung | 2020-06-24 15:41

Shinhan chairman heads digital committee

Shinhan chairman heads digital committee

Shinhan Financial Group said Monday it will set up a new digital committee that will discuss business opportunities as part of the government's "digital new deal" policy.

Kim Bo-eun | 2020-06-22 16:06

Shinhan goes all out for big data business

Shinhan goes all out for big data business

Shinhan Financial Group subsidiaries are rapidly expanding their presences in the big data business, in line with the nation's efforts to boost the data economy as part of the Korean New Deal project that was initiated to seek future growth engines.

Park Jae-hyuk | 2020-06-21 16:58

Is K bank on track for normalization?

Is K bank on track for normalization?

There is growing attention on whether the country's first internet-only bank will be able to normalize operations, as it is set to boost its capital base by around 400 billion won next month. K bank said its board on Friday approved the issuing of new stocks worth 157.4 billion won. The stocks will be allocated to shareholders according to the percentage of shares they own. P...

Kim Bo-eun | 2020-06-21 16:01

Woori privatization likely to back in limbo

Woori privatization likely to back in limbo

The government is facing a bumpy road ahead in its attempt to fully privatize Woori Financial Holdings due to its lackluster stock price amid the growing market volatility triggered by the COVID-19 pandemic.

Kim Bo-eun | 2020-06-19 09:09

Will Hana push for interim dividend payment?

Will Hana push for interim dividend payment?

Amid a deepening dilemma over an interim dividend payment, Hana Financial Group announced earlier this week that its book closure date - the day when a company determines the list of shareholders to receive dividends - will be June 30.

Anna J. Park | 2020-06-18 14:34

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