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Finance

Banks

Sun, December 8, 2019 | 11:43

Financial groups seek to scale up portfolios

Financial groups seek to scale up portfolios

Major financial groups are in a race to scale up their business portfolios to boost non-banking revenue as profit margins in the banking sector have been squeezed amid low interest rates.

Kim Bo-eun | 2019-12-06 19:32

Shinhan Bank hires chatbot as apprentice

Shinhan Bank hires chatbot as apprentice

Shinhan Bank officially appointed its virtual chatbot-assisted communication channel platform, “AI Moli,” as a new “employee” Nov. 21 in line with the beginning of the program's trial run that month, the bank said Wednesday.

Park Jae-hyuk | 2019-12-05 17:20

Investors to get up to 80% compensation for DLF losses

Investors to get up to 80% compensation for DLF losses

The Financial Supervisory Service (FSS) has ruled that banks should compensate 40 percent to 80 percent for victims of mis-selling of derivative-linked funds (DLF) that wiped out as much as 98 percent of the principal of investments, the regulator said Thursday. This is the highest level of compensation the authority's dispute settlement committee has concluded so far.

Kim Bo-eun | 2019-12-05 17:08

Finance YouTuber gains traction for easy lecture on banking

Finance YouTuber gains traction for easy lecture on banking

Kim Ji-a was an ordinary bank clerk before she decided to become a YouTuber focusing on finance two years ago. Better known by her YouTube ID, Delnim, Kim is rapidly making her presence felt on the video streaming platform by uploading content on financial products and asset management in an easy to understand manner.

Lee Min-hyung | 2019-12-05 16:20

Lecture by Harvard prof

Lecture by Harvard prof

Shinhan Bank CEO Jin Ok-dong, front row left, and Shinhan Financial Group's Future Strategy Institute chief Lee Seong-yong, front row right, pose with Harvard Business School professor Rosabeth Moss Kanter, center, and group executives at the firm's headquarters in central Seoul, Wednesday. The group invited Kanter to deliver a lecture for the CEOs of Shinhan affiliates. The ...

Kim Bo-eun | 2019-12-05 14:53

BOK urged to reinvent itself in digital era

BOK urged to reinvent itself in digital era

Central banks across the globe are facing grave challenges, with digitization bringing fundamental changes to the economy and business ecosystem. Traditional monetary policy medicine does not work well in containing inflation, stimulating growth or maintaining financial stability. Simply speaking, the effect of key rate policies has been weakening as technology penetration ha...

Lee Min-hyung | 2019-12-04 18:10

Learning about finance

Learning about finance

Students from 10 ASEAN countries pose after learning about foreign exchange trading at KEB Hana Bank's headquarters in central Seoul, Nov. 27. Hana Financial Group invited 100 students from the region for its finance education program on the occasion of the Korea-ASEAN Commemorative Summit held in Busan, Nov. 25 and 26. / Courtesy of Hana Financial Group

Kim Bo-eun | 2019-12-04 16:45

Digital wallet for Cambodia

Digital wallet for Cambodia

A customer makes a payment with Shinhan Bank's digital wallet after using the Cambodian mobility service provider MVL's TADA ride-hailing service in the Southeast Asian country. Shinhan said Wednesday it launched the digital wallet service to expand its presence in Cambodia's mobile payment market. / Courtesy of Shinhan Bank

Park Jae-hyuk | 2019-12-04 15:49

NongHyup Bank CEO to serve third term

NongHyup Bank CEO to serve third term

NongHyup Bank CEO Lee Dae-hoon is set to become the first chief executive of the lender to serve three terms.

Kim Bo-eun | 2019-12-04 15:37

Fitch vs. Moody's: Should Korean banks go abroad?

Fitch vs. Moody's: Should Korean banks go abroad?

Fitch Ratings and Moody's Investors Service are divided over the expansion of Korean banks overseas - especially in the Southeast Asian market, which has seen brisk activity recently in line with the Moon Jae-in administration's New Southern Policy.

Park Jae-hyuk | 2019-12-04 09:41

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