KoreaTimes(126) - Banks, Finance, page 1

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Banks

Sun, April 18, 2021 | 02:08

Eximbank, ADB trust fund to guarantee Hanwha green bonds

The Export-Import Bank of Korea (Eximbank) and the Credit Guarantee and Investment Facility (CGIF) will provide credit guarantees for green bonds to be issued by renewable energy company Hanwha Solutions, the bank announced Friday. Hanwha Group affiliate Hanwha Solutions will issue its first overseas green bonds worth 1 billion yuan ($153.1 million), starting Monday, as part ...

Yi Whan-woo | 2021-04-16 17:06

OK, DGB, KB in spotlight as Citi declares exit from Korean retail banking

Citigroup officially announced its exit from consumer banking operations here, Thursday, casting attention on OK, DGB and KB financial groups that have been mentioned as potential buyers of Citibank Korea's retail banking outlets. The U.S. financial giant made the announcement after releasing first-quarter earnings figures, saying it was refocusing its global consumer bank pr...

Park Jae-hyuk | 2021-04-16 15:50

Citibank to exit retail banking in 13 markets including Korea

Citigroup said Thursday it will exit consumer banking operations in 13 markets including South Korea as part of its global business reorganization. The U.S. banking giant opened its first branch in South Korea in 1967 and launched Citibank Korea Inc. in 2004 after acquiring KorAm Bank.

2021-04-16 08:10

Banking groups divided over internet banking services

Korea's major financial groups are divided internally over the possible launch of their own internet-only banking services amid fears that this may weaken their corporate identities just for the sake of jumping on the global bandwagon. It has been only recently that discussions started picking up steam in financial circles after the Korean Federation of Banks (KFB) conducted ...

Lee Min-hyung | 2021-04-14 16:05

K bank cuts interest rates amid crypto-backed capital inflow

K bank, one of the major digital-only lenders here, is moving to cut deposit interest rates amid a surging deposit balance, as cryptocurrency investors place a massive amount of capital in the lender's accounts.

Lee Min-hyung | 2021-04-13 16:36

Woori faces growing pressure to buy brokerage firm

Woori Financial Group is facing growing pressure to re-acquire a brokerage license to bolster its ...

Park Jae-hyuk | 2021-04-11 15:51

Union-backed outside directors become less likely in financial circles

Financial institutions in Korea will face a tougher time appointing labor-recommended outside directors after the Financial Services Commission (FSC) blocked a much-anticipated move by the Industrial Bank of Korea (IBK).

Lee Min-hyung | 2021-04-09 16:37

K bank fast encroaches on mobile banking market

Based on its successful strategic partnerships with the country's largest cryptocurrency exchange, Upbit, K bank is swiftly growing in its number of customers and in the size of those customers' assets at the bank.

Anna J. Park | 2021-04-07 17:25

Shinhan, KB, NongHyup may be allowed to open internet-only banks

The financial authorities will review banking groups' plans to establish their own internet-only banks as early as July, after completing an assessment of the domestic banking industry's competitiveness in preparation for Viva Republica opening Toss Bank. “Based on the assessment, we will discuss whether to issue additional internet-only bank licenses and allow financial hold...

Park Jae-hyuk | 2021-04-07 17:24

NH Investment advised to pay full compensation to some investors over hedge fund scandal

An arbitration panel of financial authorities has advised NH Investment Securities to pay full compensation to some investors over a hedge fund scandal, citing a mistake in contracts promoting the fund, officials said Tuesday.

2021-04-06 17:29

1 2 3 4 5 6 7 8 9 10

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.