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Finance

Banks

Fri, May 29, 2020 | 00:05

Supporting after-school teachers

Supporting after-school teachers

NongHyup Financial Group Chairman Kim Gwang-soo, third from right, and Education Minister Yoo Eun-hae, fourth from right, pose for a photo after signing an MOU at the headquarters of NongHyup Financial Group in central Seoul, Monday. Through the MOU, after-school teachers can get low-interest loans using the NongHyup Bank mobile app. / Courtesy of NongHyup Financial Group

Anna J. Park | 2020-05-25 17:04

Shinhan, Hana team up for globalization

Shinhan, Hana team up for globalization

Shinhan and Hana financial groups formed an unprecedented partnership to enhance their competitiveness in the global market, the two banking groups said Monday.

Park Jae-hyuk | 2020-05-25 16:56

Lenders deterred from preparing for worst-case scenario

Lenders deterred from preparing for worst-case scenario

Domestic banks have been unable to brace for the negative impact of the COVID-19 pandemic, due to the government virtually barring them from increasing their reserves for loan losses.

Park Jae-hyuk | 2020-05-25 16:42

SC offers benefits for new customers

SC offers benefits for new customers

Customers opening an account with Standard Chartered (SC) Bank Korea offering an annual interest rate of 0.6 percent will be provided up to 2 million won in gift certificates when they keep the stated amount of funds in the account.

2020-05-24 16:14

Supporting venture startups

Supporting venture startups

NongHyup Bank CEO Son Byung-hwan, front row fifth from left, poses with CEOs of startup companies at the NH Digital Innovation Campus, located in Seocho district in southern Seoul, Wednesday. The bank offers diverse benefits to the selected firms, including working space and management consulting. / Courtesy of NongHyup Bank

Anna J. Park | 2020-05-21 16:20

Eximbank issues 'Kangaroo bonds' worth Aus$700 mil. in Australia

Eximbank issues 'Kangaroo bonds' worth Aus$700 mil. in Australia

The Export-Import Bank of Korea (Eximbank) has issued “Kangaroo bonds” worth 700 million Australian dollars (566 billion won) to diversify its financing channels abroad, the state-run lender said Thursday. Eximbank said it is the first Asian financial organization to issue the bonds since the global economy was hit hard by the coronavirus pandemic.

Lee Min-hyung | 2020-05-21 15:39

Shinhan launches mobile banking app in India

Shinhan launches mobile banking app in India

Shinhan Bank said Thursday it has launched its mobile banking application Shinhan Ssol in India.

Kim Bo-eun | 2020-05-21 15:37

Helping virus-hit social ventures

Helping virus-hit social ventures

Standard Chartered (SC) Bank Korea CEO Park Jong-bok, third from left, poses with officials from the Community Chest of Korea and Social Solidarity Bank after they signed an agreement to provide 600 million won ($487,000) in funds to social ventures afflicted by COVID-19, at the lender's headquarters in central Seoul, Wednesday. Courtesy of SC Bank Korea

Kim Bo-eun | 2020-05-21 14:17

Checking banks' loan program

Checking banks' loan program

Financial Supervisory Service Governor Yoon Suk-heun, right, speaks with a bank official at a Daegu Bank branch in the southeastern city, Wednesday. The regional bank is one of the lenders running an emergency loan program for small business owners afflicted by the COVID-19 crisis. / Yonhap

Kim Bo-eun | 2020-05-20 16:40

Wealth management drives foreign banks' earnings

Wealth management drives foreign banks' earnings

Foreign banks posted solid earnings here in the first quarter of this year, in contrast with local banks that saw their earnings fall. The performance of foreign banks is attributed to their wealth management divisions, which continue to see growth in customers and assets under management.

Kim Bo-eun | 2020-05-19 16:52

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