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Fri, September 22, 2023 | 23:25
Sharing healthy snacks
Nonghyup Bank Vice President of Marketing Lee Chang-ho, center, hands out snacks made of oats and rice to customers heading to the bank's retail branch in Gwanghwamun, Seoul, Friday. The bank and Orion, a confectionery company, held an event to promote a healthy diet and boost consumption of agricultural produce. Courtesy of NongHyup Bank
Foreign banks closing down amid tough times
Foreign-invested financial companies are moving to either close down or downsize their corporate lending services amid a manufacturing downturn brought on by misguided state policies and a weakening growth outlook, according to industry sources. As they see their return on assets fall into negative territory, they are left with no options but to shut down their bank branches ...
Jobless rate hits 13-year high on less jobs for 40s, 50s
The nation's unemployment rate hit a 13-year high in October, further overshadowing prospects for the economy. The number is particularly disappointing as it comes a month after the government unveiled a set of measures to create more jobs by using a massive amount of taxpayers' money.
New young chair
Lim Dong-joon, senior manager of the Export-Import Bank of Korea (Eximbank), right, shakes hands with Leah Gilbert-Morris, former chairwoman of the OECD Export Credit Environmental Practitioners, ahead of a conference on export credits in Paris, France, Nov. 13. The 39-year-old Lim will succeed Gilbert-Morris as the new chairman to promote the environment via export financing...
Checking out small biz
Shinhan Bank CEO Wi Sung-ho, left, visits headquarters of Daejoo Heavy, a small logistics company based in Incheon, Wednesday. Wi met with his company's corporate customer to hear about the company's difficulties amid an economic slowdown. Courtesy of Shinhan Bank
BC Card, LienVietPostBank forge ties in Vietnam's digital transactions
BC Card has forged ties with Vietnam-based LienVietPostBank for a partnership to develop a joint digital transaction service and platform, the company said Tuesday. LienVietPostBank is one of the top 10 commercial banks in the Southeast Asian country, with retail networks in more than 60 cities, including Hanoi where it is headquartered. It also provides financial services vi...
For elderly living alone
Korea Federation of Banks Chairman Kim Tae-young, right, delivers a donation worth 300 million won to a welfare center for the elderly living alone in Seoul, Tuesday. The donation will be used to purchase and provide beds, pillows and blankets for 5,300 senior citizens. Courtesy of Korea Federation of Banks
Boy band Wanna One boosting Shinhan's image
Global sensation, boy band BTS, may have helped boost the corporate image and services of KB Kookmin Bank. But Shinhan Bank has Wanna One to thank for helping the lender attract a large number of young customers to its financial products, the bank said. The 11-member boy band first emerged on a television program in 2017 where newcomers duke it out until the final round of si...
Calls grow to revamp economic policies
President Moon Jae-in has called on his advisers and ministers to address problems in the economy through a set of combined social and macroeconomic policies. New policy chief Kim Soo-hyun told the press on Nov. 11 about the President's orders, while reassuring that Finance Minister nominee Hong Nam-ki will be in charge of directing the future course of the government's econo...
Sharing experience in risk management
Cho Jae-hee, second from left, managing director of risk management at Shinhan Bank, poses with Nguyen Kim Anh, third from left, deputy governor of the State Bank of Vietnam at a conference on risk in Hanoi, Nov. 8. Shinhan officials participated in the conference to share their knowhow in the management of risk ahead of the implementation of the Basel enhanced capital risk a...