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Sat, December 3, 2022 | 14:32
Remodeling youth center
Shinhan Card CEO Lim Young-Jin, third from right, cuts a ribbon with officials from the Seoul City government to open a remodeled youth center in?Euljiro 3-ga, Monday. Teenagers can take art classes, and use the library inside the center. Courtesy of Shinhan Card
Find your hobby via SOL
Shinhan Bank's SOL digital platform users take a class on how to make and taste craft beer at an event in Seoul, Feb. 23. In cooperation with its partners, the bank plans to offer various classes every third Saturday for SOL users seeking to develop their hobbies. Courtesy of Shinhan Bank
Gov't expands SME trade financing
The government will expand export financing for small- and medium-sized enterprises (SME) through policy and state-run banks and commercial lenders amid falling exports, the Ministry of Economy and Finance said Monday. Finance Minister Hong Nam-ki said they will provide 235 trillion won ($208 billion) in trade financing, which will include backing SME loans for various overse...
Former Hancom chief Noh named Woori CIO
Noh Jin-ho, former chief executive of Hancom, has rejoined Woori Financial Group as the group's new chief information officer (CIO) and the head of the new ICT unit, according to the holding company, Monday. Noh is a former senior executive of Woori FIS, an IT firm that is part of Woori Financial and develops content and technologies such as biometric authentication and artif...
Hyundai Card's 'Gapado Project' drawing attention
Hyundai Card's “Gapado Project” in collaboration with the Jeju local government and One O One, a local architecture firm, is being spotlighted for its contribution to redeveloping and restoring Gapa Island. Gapa is a small island located about 2 kilometers south of Jeju Island, which administers it. The credit card company started the project in 2012 with its partners to help...
NongHyup to draw Southeast Asia roadmap
NongHyup Financial Group will draw up a complete roadmap for its expansion in Southeast Asia this year, according to the holding company, Sunday. The plan will include an investment in Vietnam-based Agribank, which is seeking foreign investors as it moves to launch an initial public offering this year. NongHyup Financial said it was “positively” considering investing in the s...
ATM money exchange
A Shinhan Bank employee poses at the bank's headquarters in Seoul, Friday, promoting the bank's new service enabling corporate customers to exchange foreign currencies via its ATMs nationwide. Corporate customers can exchange Korean won into 18 foreign currencies through the lender's SOL digital platform, and withdraw them from the ATMs. Courtesy of Shinhan Bank
Summit breakdown reignites uncertainty
The Korean financial market is expected to experience high volatility for a while due to uncertainty created by the abrupt end of the summit between the United States and North Korea in Vietnam, analysts said Sunday. The downbeat outlook came as the disappointing summit rattled the market, Feb. 28.
[INTERVIEW] 'Invest in companies with sound governance'
The global market has become complex and sophisticated. It has become very hard to forecast what is going to happen tomorrow, let alone next year. Long gone are the days when just one person at the top who owns a few shares in his or her company can make a decision alone either for themselves and their company. Therefore, Choi Sang-hyun, head of equity investments at Baring A...
Hopes dash for NK to adopt Vietnam's economic model
Vietnam's economic development model has been grabbing attention over the last couple of months since U.S. President Donald Trump announced he would hold his second summit with North Korean leader Kim Jong-un in Hanoi, the Vietnamese capital. Trump has said Vietnam's “thriving” economy can serve as an “awesome” model offering a lot of opportunities for North Korea, if Pyongya...