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Finance

Banks

Tue, January 21, 2020 | 08:21

Cho to lead Shinhan for 3 more years

Cho to lead Shinhan for 3 more years

Shinhan Financial Group Chairman Cho Yong-byoung was essentially reappointed to another three-year term, Friday, as the banking group's chairman recommendation committee decided to put him forward as a sole candidate.

Park Jae-hyuk | 2019-12-13 16:36

Autonomy drives Kakao Bank's innovation

Autonomy drives Kakao Bank's innovation

Kakao Bank, as one of Korea's two internet-only banks, attracted attention when it managed to attract 10 million users in two years since its launch in July 2017.

Kim Bo-eun | 2019-12-12 16:52

Robots set to replace bank clerks

Robots set to replace bank clerks

Bank clerks are expected to be replaced by robots in the near future, as a growing number of banks here are speeding up efforts to adopt robotics process automation (RPA), according to industry officials, Wednesday.

Park Jae-hyuk | 2019-12-11 16:48

Discussing future of banking

Discussing future of banking

Korea Federation of Banks (KFB) Chairman Kim Tae-young, center, and heads of four financial institutions receive questions from reporters during a press conference at the KFB headquarters in Seoul, Wednesday. After apologizing for the derivative-linked fund fiasco, Kim urged the nation's banks to boost digitization and globalization. From left are Korea Center for Internation...

Park Jae-hyuk | 2019-12-11 16:47

Kookmin Bank CEO visiting China, Hong Kong, Cambodia

Kookmin Bank CEO visiting China, Hong Kong, Cambodia

KB Kookmin Bank CEO Hur Yin started visiting the commercial bank's foreign branches, Monday, about a month after being reappointed to serve a second term.

Park Jae-hyuk | 2019-12-11 10:00

IBK workers protest 'parachute CEO'

IBK workers protest 'parachute CEO'

Industrial Bank of Korea (IBK) workers began a protest Monday over a rumor that Cheong Wa Dae is planning to appoint a government official as the state-run lender's next chief.

Kim Bo-eun | 2019-12-10 16:46

Cooperation with Romanian agency

Cooperation with Romanian agency

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, left, poses with Romanian Agency for International Development General Director Catalin Harnagea, after signing an agreement for knowledge sharing on international development cooperation at Eximbank's headquarters on Yeouido in Seoul, Monday. / Courtesy of Eximbank

Kim Bo-eun | 2019-12-10 15:52

McKinsey urges Korean banks to enhance profitability

McKinsey urges Korean banks to enhance profitability

McKinsey & Company has displayed a skeptical outlook about the future of Korea's major commercial banks, despite the solid earnings they have enjoyed over the past few years, according to its Korean partner, Monday.

Park Jae-hyuk | 2019-12-09 14:08

Financial groups seek to scale up portfolios

Financial groups seek to scale up portfolios

Major financial groups are in a race to scale up their business portfolios to boost non-banking revenue as profit margins in the banking sector have been squeezed amid low interest rates.

Kim Bo-eun | 2019-12-06 19:32

Shinhan Bank hires chatbot as apprentice

Shinhan Bank hires chatbot as apprentice

Shinhan Bank officially appointed its virtual chatbot-assisted communication channel platform, “AI Moli,” as a new “employee” Nov. 21 in line with the beginning of the program's trial run that month, the bank said Wednesday.

Park Jae-hyuk | 2019-12-05 17:20

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