-
Hana Financial Q1 profit sinks on severance payments
Hana Financial Group, a major South Korean banking group, said Friday its first-quarter net profit fell 16.8 percent on-year, hit by one-off costs related to severance payments. Net profit stood at...
-
FSS, BOK co-audit 4 major banks over loans to small business owners
South Korea’s chief financial supervisory body and the central bank on Monday launched a joint audi...ly to ensure their regulatory compliance. KB Financial Group and KB Kookmin Bank have been picked a...
-
KEB Hana Bank’s new CEO pledges digitalization, globalization as core mission
KEB Hana Bank’s newly appointed CEO Ji Sung-kyoo on Thursday pledged to step up efforts to transfor...tain his post as an executive vice president of Hana Financial Group, the bank’s parent company. L...
-
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...he Kiwoom Bank consortium currently consists of Hana Financial Group, SK Telecom and 11st, an e-comm...
-
[Herald Interview] Yulchon M&A lawyer predicts ‘new wave’ in Indonesia
...he way for large business groups to take over financial companies, especially in the wake of the glo...inheung Securities and Hyundai Heavy Industries Group’s acquisition of CJ Investment & Securities. ...
-
Toss app operator, Kiwoom Securities vie to become Korea’s 3rd internet-only bank
...cense. So far, it has been joined by Shinhan Financial Group as well as e-commerce platform provide...a relatively smaller consortium participated by Hana Financial Group, SK Telecom and 11st, an e-comm...
-
Major banking groups kickstart annual shareholders meetings
...ear’s events , when high-stake issues such as group leadership changes and corporate governance pr...rns over the declining stock prices of listed financial companies under the banking groups, demandin...
-
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...ancial holding companies -- KB, Shinhan, Woori, Hana and Nonghyup -- competing for profits and custo...
-
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...
-
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...
