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Finance

Banks

Thu, August 22, 2019 | 16:11

Shinhan Bank adopts flexible hours at 5 branches

Shinhan Bank has started a pilot run of the Good Time Bank, the bank's flexible opening hours system, at five of its branches, the lender said Tuesday. The bank said the introduction of the system was aimed at better accommodating customers' lifestyles and transaction patterns.

Jhoo Dong-chan | 2019-07-09 18:22

Celebrating Information Security Day

Woori Financial Group Chairman Sohn Tae-seung, center, and the group's executives hold a banner promoting Korea's eighth Information Security Day at the group's head office in central Seoul, Tuesday. The government designated the second Wednesday of every July as the Information Security Day to arouse people's attention to the threats of identity theft and cyberattacks. / Cou...

Jhoo Dong-chan | 2019-07-09 18:22

JB chairman seeks more M&As in Southeast Asia

JB Financial Group will continue to pursue M&A deals in the Southeast Asian market amid the growing competition and saturation of the local financial market, according to the head of the North Jeolla Province-based banking group, Tuesday.

Park Jae-hyuk | 2019-07-09 16:52

Bidding race for 3rd internet bank to resume

The government is set to resume its screening for the nation's third internet-only bank soon, financial authorities said Monday. The FSC said it will receive preliminary applications once again for internet banking licenses in October and announce the results in December. The exact timetable for the regulator's screening process will be given by the end of July.

Jhoo Dong-chan | 2019-07-08 21:28

Woori Financial Group Chairman Sohn Tae-seung, second from right, donates blood with employees at the bank's headquarters in central Seoul, Monday. Woori has conducted a blood donation campaign every summer, since 2006 when it signed an agreement with the Korean Red Cross. / Courtesy of Woori Financial Group

Kim Bo-eun | 2019-07-08 15:35

Kookmin Bank seeking to enter Myanmar

KB Kookmin Bank is seeking to enter the Myanmar market, according to the bank, Monday. “We're planning to apply for a banking license as soon as the notification is made by Myanmar's financial authorities,” a KB Kookmin Bank official said.

Kim Bo-eun | 2019-07-08 15:35

KB group workshop

KB Financial Group Chairman Yoon Jong-kyoo, front row seventh from left, poses with executives of the group's affiliates at a management-level workshop, held at KB Kookmin Bank's training center in Ilsan, Friday. They shared cases of innovative services development and plans for the latter half of 2019. / Courtesy of KB Financial Group

Kim Bo-eun | 2019-07-07 16:23

Shinhan, KB in another race to get better credit ratings

Shinhan and KB Financial Group, which have engaged in a cutthroat race to become the nation's leading financial group are also vying with each other for better global credit ratings, data suggests.

Jhoo Dong-chan | 2019-07-05 16:55

Shorter workweek changing bank culture

With the introduction of a shorter workweek ― 52 hours from 68 ― from July 1, financial services firms have introduced various measures to improve productivity and minimize potential pitfalls. Under the new system, owners of businesses with more than 300 workers that fail to follow the revised law will be given a verbal warning.

Lee Kyung-min | 2019-07-05 16:52

Incubating future talents in finance

Shinhan Bank Deputy President Chung Man-geun, front row fifth from left, poses with trainees of the Shinhan Management Innovation Program For Next CEO during the program's completion ceremony at the Lotte Hotel in central Seoul, Wednesday. The four-month program was established in 2009 to offer education in various financial sectors including banking, stocks, asset management...

Jhoo Dong-chan | 2019-07-05 16:45

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