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Finance

Banks

Tue, October 26, 2021 | 02:39

Kakao Pay affirms trust in AliPay

A top executive at Kakao Pay dismissed concerns that its share price could suffer from imminent market overhang as its No. 2 stakeholder, China's AliPay, won't unload its stakes held in the Korean company.

Kim Yoo-chul | 2021-10-25 15:57

Citibank Korea confirms shutdown of retail banking operations

Citibank Korea decided Monday to carry out a phased shutdown of its consumer banking operations after failing to find a buyer for the unit.

Lee Min-hyung | 2021-10-25 15:49

Celebrating Dokdo Day

NongHyup Bank CEO Kwon Jun-hak promotes the “NH Dokdoverse” metaverse platform at the bank's headquarters in Seoul, Monday, in celebration of the annual Oct. 25 Dokdo Day. The bank will open the platform in March next year for its customers to enjoy various experiences on the eastern islands through virtual reality. Courtesy of NongHyup Bank

Park Jae-hyuk | 2021-10-25 14:11

Citibank Korea announces plan to close retail banking services

Citibank Korea Inc., the Korean unit of U.S. banking giant Citigroup, said Monday it will close its retail banking services "in phases" after more than three decades.

2021-10-25 13:05

Citi to shut Korea's retail banking without sell-off

Shinhan prompts KB, Hana to consider quarterly dividends

KB and Hana financial groups started considering paying quarterly dividends to their shareholders, in an apparent attempt to prevent an exodus of investors to Shinhan Financial Group, which plans to offer dividends in the third quarter, becoming the nation's first banking group to do so.

Park Jae-hyuk | 2021-10-24 16:46

Woori Financial upgrades joint cloud platform to accelerate digital transformation

Woori Financial Group is emphasizing the strengthening of its cloud platform to facilitate its digital innovation, according to the financial group, Sunday. Woori said that it is upgrading the cloud platform to manage its IT resources and data more efficiently, and better equip itself with the latest digital technologies, such as artificial intelligence, big data and blockcha...

Anna J. Park | 2021-10-24 16:25

Citi to shut Korea's retail banking without sell-off

Citibank Korea's management informed its board of directors Friday that attempts to unload the consumer banking unit here had failed, leaving the U.S. headquarters with no alternative but to shut the unit down without selling it, according to industry sources and media reports, Sunday.

Park Jae-hyuk | 2021-10-24 16:07

Citibank Korea announces plan to close retail banking services

Leaders of KB, Woori set to see terms extended based on solid earnings

The leaders of KB Kookmin Bank and Woori Bank are expected to have their terms extended after driving solid earnings growth despite the prolonged shock of the COVID-19 pandemic.

Lee Min-hyung | 2021-10-22 16:11

KB Kookmin buys additional 30% stake in Cambodian microfinance unit

Major South Korean lender KB Kookmin Bank said Wednesday it has acquired an additional 30 percent stake in its Cambodian microfinance unit.

2021-10-20 17:25

Shinhan outruns rivals in resuming investor roadshows abroad

Shinhan Financial Group Chairman Cho Yong-byoung will resume his overseas business trips next week, while the leaders of other financial holding companies here remain cautious about going abroad during the COVID-19 pandemic.

Park Jae-hyuk | 2021-10-19 15:10

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