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Tue, February 7, 2023 | 00:41

Korea's top 3 banking groups included in Dow Jones Sustainability Indices

Korea's top 3 banking groups included in Dow Jones Sustainability Indices

Korea's three major financial holding firms - KB, Shinhan and Hana financial groups - have been included in the Dow Jones Sustainability Indices (DJSI) for their concerted efforts to fulfill environmental, social and corporate governance (ESG) principles, they said, Monday. The three banking groups were recognized for their diverse achievements in ESG management. KB Financial...

Lee Min-hyung | 2022-12-12 16:35

Bank workers criticized for refusing to return to pre-pandemic work hours

Bank workers criticized for refusing to return to pre-pandemic work hours

Employees of the country's top commercial lenders are coming under heavy criticism for what many consider as an unreasonable and selfish refusal to return to pre-pandemic working hours, according to industry watchers, Sunday. Local banks have opened at 9:30 a.m. and closed at 3:30 p.m. since July 12 last year, as part of stricter COVID distancing measures. Previously, they ha...

Lee Kyung-min | 2022-12-12 08:36

Hana pledges more job creation via social venture program

Hana pledges more job creation via social venture program

Hana Financial Group has pledged to create more jobs via its “social venture university” program, the company said Sunday. The financial holding firm has clinched partnerships with universities across the nation to launch the program with the purpose to create more innovative jobs. This was part of Hana's efforts to fulfill the environmental, social and corporate governance (...

Lee Min-hyung | 2022-12-11 15:40

KIC acquires minority stake in Golub Capital

KIC acquires minority stake in Golub Capital

The Korea Investment Corporation (KIC) has strengthened its strategic partnership with U.S.-headquartered Golub Capital, in a move to bolster its alternative investment portfolio. The Korean sovereign wealth fund announced on Friday morning that it had acquired a passive and non-voting minority stake in Golub Capital's management companies.

Anna J. Park | 2022-12-09 15:58

Shinhan case raises concerns over gov't influencing bank leaders

Shinhan case raises concerns over gov't influencing bank leaders

Shinhan Financial Group Chairman and CEO Cho Yong-byoung's decision to drop out of the firm's next leadership race, Thursday, is heightening concerns that the banking industry is becoming more susceptible to the government's influence in the appointment of its chiefs. The possibility has been raised of President Yoon Suk-yeol's administration intentionally influencing the ind...

Yi Whan-woo | 2022-12-09 15:56

Woori pledges to support British teen environmental activists

Woori pledges to support British teen environmental activists

Woori Financial Group announced on Friday that it will sponsor Kids Against Plastic, an environmental group founded by British teenage sisters with a goal of tackling plastic pollution around the world.

Yi Whan-woo | 2022-12-09 15:45

Shinhan Financial nominates banking CEO as next leader

Shinhan Financial nominates banking CEO as next leader

Shinhan Financial Group said Thursday it has nominated Shinhan Bank CEO Jin Ok-dong as its next leader. Jin, 61, will be officially appointed as the new chairman for a three-year term upon confirmation by shareholders and board of directors in their respective meeting in March next year.

Yi Whan-woo | 2022-12-08 16:47

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners founder makes Forbes top philanthropists list for 2nd time

MBK Partners co-founder and CEO Michael Byungju Kim has made the list of Forbes top philanthropists in Asia for two consecutive years. Forbes announced earlier this week that a total of 15 business people have made the list of “Asia's 2022 Heroes of Philanthropy”, with nine being chosen for the first time.

Anna J. Park | 2022-12-08 16:01

Macquarie joins bid to acquire LOCA Mobility

Macquarie joins bid to acquire LOCA Mobility

Macquarie Asset Management was revealed to have been among the few potential buyers that participated in the main bid to acquire LOCA Mobility, a subsidiary of Lotte Card. LOCA Mobility operates various traffic solution services, including pre-paid cards, city bus management systems (BMS) and bus information systems (BIS).

Anna J. Park | 2022-12-07 16:22

Daol Investment put up for sale

Daol Investment put up for sale

Korea's first-generation venture capital firm Daol Investment, formerly known as KTB Network, has been put up in the M&A market, as its parent company aims to secure liquidity amid market uncertainties.

Anna J. Park | 2022-12-07 16:12

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