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Tue, December 6, 2022 | 22:45
KEB may sell SK hynix stake
Korea Exchange Bank (KEB), a subsidiary of Hana Financial Group, is likely to sell its stake in SK hynix in a few months to finance a reconstruction project for Hana’s head office in Seoul, sources said Sunday.
Hana-KEB integration delayed
Hana Financial Group is facing a major hurdle in its move to combine its two banking subsidiaries - Hana Bank and Korea Exchange Bank (KEB) - before 2017.
'FSS official helped frauder flee'
A senior Financial Supervisory Service (FSS) official is being investigated in connection with a massive loan fraud case involving KT ENS, an affiliate of the country’s second-largest mobile carrier KT Corp.
Big firms under global watch
Korean conglomerates are being pressured to embrace foreign shareholders when picking new board members and making important management decisions amid growing foreign ownership of local stocks.
Regulator promises deregulation
Financial Services Commission (FSC) Chairman Shin Je-yoon vowed Thursday to ease regulations for financial firms “drastically.” He said the commission will come up with a package of deregulation measures for the financial market by July, without commenting on the details.
Top regulator will head FATF
Financial Services Commission (FSC) Chairman Shin Je-yoon will serve as the head of the Financial Action Task Force (FATF), an international anti-money laundering body, for one year from July 2015, the FSC said Wednesday.
Units of Shinhan, Hana, KDB in Japan under probe
Financial regulators are expanding a corruption investigation into all the Japanese branches of major Korean banks, including Shinhan, Hana and the Korea Development Bank (KDB).
Banks reduce off-line network
Banks are slimming down their offline sales networks amid falling profitability and rising demand for online banking.
Users of stolen data to face big fines
If they use stolen customer data, financial firms will have to pay fines of up to 3 percent of their total sales as early as July. This means fines could reach tens of billions of won in some cases.
SK's global projects adrift with boss jailed
Just a decade ago, SK Group’s major revenue sources were limited to domestic telecommunications, energy and construction markets.
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