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Finance

Companies

Fri, July 1, 2022 | 01:00

KB Financial vows to expand partnership with Jefferies Financial Group

KB Financial Group said Tuesday its Chairman and CEO Yoon Jong-kyoo met with Brian Friedman, president of the U.S. investment banking company Jefferies Financial Group, to discuss consolidating their partnership to help the Korean firm expand its presence in the global investment banking industry. They will widen their partnership from the ongoing cooperation between KB Finan...

2022-05-24 16:50

Kakao Pay strengthens ESG-focused growth strategies

Aiming to accelerate efforts toward sustainable management, Kakao Pay is launching an ESG preparation committee. According to the fintech firm, Tuesday, the CEO-controlled decision-making body will have 10 members - two independent directors and eight executives of the firm. It will become an official structure within the company board once it earns approval at a shareholders...

Anna J. Park | 2022-05-24 15:53

KB, Emart launch hybrid convenience store

Emart 24 and KB Kookmin Bank have partnered to open up a hybrid convenience store and commercial bank on Monday. Located in Cheongju, North Chungcheong Province, one third of the 100-square-meter store is occupied by the digital banking facilities of KB Kookmin Bank, while the rest is operated as a normal convenience store.

Anna J. Park | 2022-05-23 16:29

IBK chairman in consideration for Prime Minister's chief officer position: sources

Industrial Bank of Korea (IBK) Chairman and CEO Yoon Jong-won may well be the strongest candidate as the chief of Office for Government Policy Coordination, according to political and financial sources, Monday. Whoever fills the position will be responsible for assisting new Prime Minister Han Duck-soo to coordinate administrative issues.

2022-05-23 15:05

Big-tech platform, game stocks hit 52-week lows

The stock prices of Naver and Kakao, the country's two representative big-tech platform companies, have been touching their 52-week lows, with institutional investors leading the fall by dumping their shares amid recent U.S. stock market plunges.

Anna J. Park | 2022-05-23 08:46

Hana Financial to widen support for aspiring young entrepreneurs

Hana Financial Group will expand nationwide support for university students who aspire to start their own business. The country's fourth-largest banking group said Sunday it signed a memorandum of understanding (MOU) with Korea National University of Cultural Heritage as part of a project named “Hana Social Venture University.”

2022-05-22 16:54

Hyundai Card's IPO bid comes to temporary halt amid Fubon's stake acquisition

Hyundai Card's planned initial public offering (IPO) has come to a temporary halt after Taiwan-based Fubon Financial became one its new major shareholders, replacing a consortium led by Affinity Equity Partners, the card company said, Friday. According to Hyundai affiliate, Fubon recently purchased a 19.98-percent stake in Hyundai Card from the Affinity consortium, a previous...

2022-05-20 17:12

Asset management firm launched led by ex-KOFIA head

The former chairman of the Korea Financial Investment Association (KOFIA) has returned to the financial industry by establishing an asset management firm. The company, named, I Trust Asset Management, was set up in December and recently started sales activities. Hwang Young-key, the former head of KOFIA, will serve as the first chairman of the new asset management firm.

2022-05-19 17:57

KB Financial launches campaign to save bees

KB Financial Group has launched a campaign to save bees, which are vital pollinators for food crops, yet are dwindling in their numbers due to air pollution and other human causes of climate change. The campaign comes on the occasion of World Bee Day on May 20 and the International Day for Biological Diversity on May 22, both observed by the United Nations, and also as a part...

2022-05-19 15:44

Woori Bank steps up ESG efforts with climate governance organization

Woori Bank has clinched a partnership with a local climate governance organization, as part of its efforts to fulfill an advanced level of environmental, social and corporate governance (ESG) activities, the lender said Wednesday. Under the tie-up with the Korea Climate & Environment Network, the bank will carry out a series of joint projects on ESG. They include a social con...

2022-05-18 16:46

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