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Finance

Banks

Fri, October 23, 2020 | 19:47

Woori Financial takes over Aju Capital

Woori Financial takes over Aju Capital

Woori Financial Group will acquire a 74-percent stake in Aju Capital valued at around 570 billion won ($52.77 million), in a move to enhance the group's non-banking business, the company said Friday.

Lee Min-hyung | 2020-10-23 16:52

Internet-only banks argue 'statistical ambiguity' over high default rate

Internet-only banks argue 'statistical ambiguity' over high default rate

The nation's internet-only banks have been criticized for poor management that has led to what appears to be a high default rate, but the banks argue this is nothing more than “statistical ambiguity.”

Lee Min-hyung | 2020-10-23 15:59

Korea, China renew currency swap deal worth W70 tril.

Korea, China renew currency swap deal worth W70 tril.

The Bank of Korea (BOK) said in a statement Thursday that it had renewed its 70 trillion won ($59 billion) currency swap deal with the People's Bank of China for another five years, in a move to promote bilateral trade and ward off any liquidity crisis.

Lee Min-hyung | 2020-10-22 17:04

Will Shinhan's decision on quarterly dividends pay off?

Will Shinhan's decision on quarterly dividends pay off?

An air of cautious optimism is emerging over whether Shinhan Financial Group's plan to offer quarterly dividends will help enhance its stock valuation, but a near-term rebound appears unlikely due to the industry's structural slowdown and a series of lingering risk factors surrounding the firm's fund fiascos, market analysts said.

Lee Min-hyung | 2020-10-22 16:12

Shinhan partnership with Grab Vietnam

Shinhan partnership with Grab Vietnam

Shinhan Financial Group's Vietnam Country Manager Shin Dong-min, third from left, poses with ride hailing firm Grab's Vietnam CEO Nguyen Thai Hai Van, second from left, after the two signed an agreement to foster startups and expand digital financial services in the Southeast Asian country, at Grab Vietnam's headquarters in Ho Chi Minh, Tuesday. / Courtesy of Shinhan Financia...

Kim Bo-eun | 2020-10-22 15:38

Citibank Korea nurtures women leadership and diversity

Citibank Korea nurtures women leadership and diversity

Citibank Korea is one of financial institutions that actively seeks to nurture women's leadership and the value of diversity - goals that its global headquarters also seeks to promote across the countries it operates in.

2020-10-22 15:12

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

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