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Finance

Banks

Sat, August 24, 2019 | 01:15

Kakao to become Kakao Bank's largest shareholder

Kakao, operator of the nation's most widely used messenger app KakaoTalk, has been allowed to become the largest shareholder of its internet-only bank subsidiary Kakao Bank.

2019-07-24 16:42

Financial groups face uphill battle in non-banking sector

Local financial groups are likely to face a fiercer battle in the non-banking sector as their leaders are placing top priority on beefing up their competitiveness in the sector in the second half of 2019. During Shinhan Financial Group's management meeting, Chairman Cho Yong-byung stressed the importance of enhancing the group's non-banking businesses to become Asia's leading...

2019-07-23 19:56

Korean banks focus on Vietnam business

Banks are accelerating efforts to capture opportunities in Vietnam's fast-growing market. KEB Hana Bank said Monday it acquired 15 percent of the Bank for Investment and Development of Vietnam (BIDV)'s shares, at a cost of 1.25 trillion won. BIDV is Vietnam's largest bank by assets.

2019-07-23 17:12

Woori bank's campaign for environment

Woori Financial Group Chairman Sohn Tae-seung, right, holds up a plant in a recycled plastic cup, with executives at Woori Bank's headquarters in central Seoul, Monday. The plants were given out to employees. Woori is running a campaign to promote an environmentally friendly culture within the group through Aug. 30. / Courtesy of Woori Financial Group

2019-07-23 15:55

Firms lukewarm about internet-only bank

The financial regulator's renewed attempt to find a third internet-only bank is expected to be a tougher one as no potential bidders have yet shown any interest due to growing skepticism about profitability, according to industry officials, Monday. The Financial Services Commission (FSC) plans to receive applications for new internet banking licenses between Oct. 10 and 15. A...

2019-07-23 15:53

Financial groups strengthen IT capabilities

Financial groups are rushing to beef up their IT capabilities in a move to facilitate digitization, a much-prioritized initiative among global financial services firms.

2019-07-22 17:22

'We are nothing without history'

Kim Hyun-jin, a senior manager at Shinhan Financial Group, said organizing a food market to commemorate the heroes of the Independence Movement helped him learn the significance of remembering the “easily forgotten,” Monday.

2019-07-22 17:22

Banks in dilemma over job creation

The nation's commercial banks are having difficulty making final decisions on their recruitment for the second half, due to government pressure to hire more workers despite a decline in demand for employees in the financial sector, banking industry officials said Thursday.

2019-07-22 15:50

Samgyetang for senior citizens

NH NongHyup Financial Group Chairman Kim Gwang-soo serves samgyetang, a ginseng chicken soup, to a senior citizen at Sindang Daycare Center in Seoul, Monday. The financial group said it served 150 senior citizens to mark “Jungbok,” the second of the three hottest days of the year on the lunar calendar. / Courtesy of NH NongHyup Financial Group

2019-07-22 15:33

Bank CEOs bracing for tougher conditions in 2nd half

Leaders of major banks pledged to boost performance for the latter half of the year at executive-level meetings held last week, amid an increasingly tough environment for the banking sector. Shinhan Bank CEO Jin Ok-dong stressed customer-centeredness as the bank's core value at a strategy meeting with some 1,000 executives and managers at the bank's training center in Yongin,...

2019-07-21 16:46

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