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Viva Republica finalizes consortium for internet-only Toss Bank
...epublica will hold a 67 percent stake -- as a financial operator, not as an information and communic...-only bank,” said CEO Lee Seung-gun. Earlier, Shinhan Financial Group had dropped out of the consor...
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Shinhan drops out of internet-only bank consortium led by Viva Republica
Shinhan Financial Group, a major banking group in South Korea, has dropped out of the internet-only bank consortium led by Viva Republica, the operator of the popular mobile money transfer app Toss. ...
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Talks for alternative trading system rekindle in Korea
...South Korea, encouraged by the government and financial sector’s moves to encourage more active trad...rities, Mirae Asset Daewoo, KB Securities, and Shinhan Investment, they said. The firms had express...
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Toss app operator, Kiwoom Securities vie to become Korea’s 3rd internet-only bank
...m within this week and formally apply for an operational license. So far, it has been joined by Shinhan Financial Group as well as e-commerce platform provider Cafe24, online fashion store Musinsa and real es...
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Major banking groups kickstart annual shareholders meetings
...rns over the declining stock prices of listed financial companies under the banking groups, demandin...with a shareholders meeting slated for Friday. Shinhan Financial Group, KB Financial Group and Woori...
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New Woori Financial steps up nonbanking M&A with grand vision
Woori Financial Group, which began operating under a holding company structure from January, is ste...inance and banking segment now has five major financial holding companies -- KB, Shinhan, Woori, Han...
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Korea's auto market feels heat from credit card issue
...eek of trying to minimize damage, Hyundai Motor Group is unable to accept payments using Shinhan Car...ions took effect in November. Last year, the Financial Services Commission ordered credit card comp...
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Major S. Korean financial groups’ dividends top W2.5tr
...he cash dividends of South Korea’s four major financial groups topped 2.5 trillion won ($2.23 billio...eports Sunday. According to the groups -- KB Financial, Shinhan Financial, Woori Financial and Hana...
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Securities firms’ offline branches drop below 1,000
..., data showed Monday. According to the Korea Financial Investment Association, the number of brick-...branches at 136, followed by KB Securities and Shinhan Financial Investment with 97 and 92 branches,...
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[News Focus] Local insurers weighed down by incoming audits, market downtrend
...ave to deal with reinforced surveillance from financial regulators, while still struggling to find n...Orange Life Insurance, the new insuring arm of Shinhan Financial Group saw its yearly net profits sh...
