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Finance

Banks

Thu, October 22, 2020 | 03:18

KB Kookmin Bank's Hur Yin set to serve another term

KB Kookmin Bank's Hur Yin set to serve another term

KB Financial Group said incumbent KB Kookmin Bank CEO Hur Yin has been selected in a committee meeting on Tuesday as the sole candidate for the next chief of the lender.

Kim Bo-eun | 2020-10-20 16:31

Eximbank criticized for going against gov't's green drive

Eximbank criticized for going against gov't's green drive

The Export-Import Bank of Korea (Eximbank) has come under criticism for assisting in investments of hundreds of billions of won in overseas coal projects, in a contradictory move against the government's green drive and global growth of renewable energy.

Lee Min-hyung | 2020-10-19 17:07

Top lenders fail to increase regular employment

Top lenders fail to increase regular employment

Despite reporting record-high operating profits last year, major banks here failed to convert their numbers of non-regular employees to regular employee status, while also not increasing the hiring of the latter.

Anna J. Park | 2020-10-19 17:03

Citibank Korea conducts contactless CSR activities amid pandemic

Citibank Korea conducts contactless CSR activities amid pandemic

Citibank Korea has carried out regional corporate social responsibility (CSR) campaigns in a toned-down manner amid the COVID-19-induced social distancing guidelines, the company said Monday. This is part of the Citi Global Community Day campaign under which the global banking group's major subsidiaries conduct regional CSR activities. Citibank Korea has joined the drive for ...

2020-10-19 16:30

Wedding day

Woori Multicultural Scholarship Foundation Chairman Son Tae-seung, center, applauds at a Woori Wedding Day event at the main Woori Bank branch in Seoul, Sunday. The group wedding ceremony was held for financially challenged multiracial couples. The chairman officiated at the weddings. / Courtesy of Woori Financial Group

Park Jae-hyuk | 2020-10-19 16:02

GM Korea ignores KDB after borrowing $750 million

GM Korea ignores KDB after borrowing $750 million

GM Korea was found to have ignored its second-largest shareholder the Korea Development Bank (KDB), although the state-run bank lent it $750 million in 2018 to normalize the cash-strapped carmaker.

Park Jae-hyuk | 2020-10-16 16:22

Woori Bank looks into grounds to dismiss unfairly hired employees

Woori Bank looks into grounds to dismiss unfairly hired employees

Woori Bank said Thursday it has begun looking into the legal grounds to cancel the recruitment of 19 employees involved in unfair hiring by the lender from 2015 to 2017.

Kim Bo-eun | 2020-10-16 16:07

Shinhan shareholders vying to take control of group

Shinhan shareholders vying to take control of group

Shinhan Financial Group's major shareholders are in a fierce competition to maintain their influence over the nation's leading banking group, industry officials said Friday.

Park Jae-hyuk | 2020-10-16 16:03

K bank seeking investment from Singapore-based Temasek

K bank seeking investment from Singapore-based Temasek

There has been growing attention over whether K bank will attract money from the Singaporean government-owned investment firm Temasek amid a dull response from local institutional investors over its scheduled capital expansion plan.

Lee Min-hyung | 2020-10-15 17:04

Excessive privilege for Bank of Korea officials?

Excessive privilege for Bank of Korea officials?

The Bank of Korea (BOK) owns 60 residential properties nationwide for its economists to live in, while failing to properly manage some vacant facilities, a ruling party lawmaker said Thursday.

Lee Min-hyung | 2020-10-15 16:56

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