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Finance

Banks

Wed, July 28, 2021 | 05:46

KB outperforms Shinhan in H1 earnings

KB Financial Group narrowly outpaced Shinhan Financial Group in its first-half earnings, maintaining its leading status, amid the fierce competition among the nation's major banking groups, all of which posted record-high net incomes during the first six months of 2021.

Park Jae-hyuk | 2021-07-27 17:01

Shinhan Financial Group net soars 43% in Q2

Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its net profit jumped more than 43 percent in the second quarter of the year with first-half earnings hitting an all-time high.

2021-07-27 14:10

Paperless banking

MG Community Credit Cooperatives has started a pilot program running “paperless counters” where no paper is used and every document is processed digitally. The pilot program is being operated at two branches in Seoul, and is slated to be expanded to every branch nationwide. Courtesy of MG Community Credit Cooperatives

Anna J. Park | 2021-07-26 17:08

Brokerages downplaying KakaoBank's value

Local securities firms continue to issue views that internet-only KakaoBank's initial public offering (IPO) price is overvalued.

Kim Bo-eun | 2021-07-26 17:08

SC Bank Korea offers one-click credit loans for mobile users

Standard Chartered Bank Korea is launching its new mobile-based credit loan service, through which customers can browse a range of loan products with varying interest rates at a glance, without the need to visit a physical branch for a consultation.

2021-07-26 15:39

Digital innovation

Woori Bank CEO Kwon Kwang-seok presides over a virtual corporate strategy meeting, July 23. All Woori employees attended the meeting via W, its in-house communication platform. The meeting assessed the bank's performance during the first six months of this year and explored ways to apply a virtual artificial intelligence (AI) banker system in the second half of this year usin...

Lee Kyung-min | 2021-07-25 15:47

Promoting ESG values

Woori Bank officials hold a sign promoting Woori Financial Group's energy-saving campaign as part of efforts to advance the bank's environmental, social and corporate governance (ESG) drive, Thursday. Courtesy of Woori Bank

Lee Kyung-min | 2021-07-22 17:24

Internet bank's IPO hastens banking groups' dividend payment

Ahead of the planned initial public offering (IPO) of KakaoBank, Korea's largest mobile-only bank, major local banks are planning for the highest dividends payout this year.

Kim Yoo-chul | 2021-07-22 16:55

Korea Investment slammed for getting 'favor' in KakaoBank IPO

Hana Financial Group Q2 net income up 34.2% to 933.3 billion won

Hana Financial Group on Thursday reported its second-quarter net profit of 933.3 billion won ($811.5 million), up 34.2 percent from a year earlier.

2021-07-22 16:51

KB Financial Group Q2 net income up 21.7% to 1.2 trillion won

KB Financial Group on Thursday reported its second-quarter net income of 1.2 trillion won ($1.1 billion), up 21.7 percent from a year earlier.

2021-07-22 16:51

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