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[News Focus] Korean banking giants accelerate steps for M&As in nonbanking sectors
... finance firms, such as loan service providers and credit card firms. The latest move was made by KB Financial Group, which has officially joined the bid to acquire Lotte Capital, the loan services unit of...
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Korea's 4 major banking groups log record net profit in 2018
... back of robust interest income, with Shinhan Financial Group retaking its position as the country’s...ined its title as Korea’s leading bank. In 2017, KB Financial Group was Korea’s most profitable bank...
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Lotte Capital to start preliminary bidding process Tuesday
...ices unit of Korean-Japanese conglomerate Lotte Group, takes place Tuesday, with the country’s major...seeking to become a majority stakeholder of a financial company to pass an ownership adequacy review...
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Banks turn to employees to break the mold
...ising competition from fintech players, major financial groups are looking to break away from the st...k, which recently marked a new start as Woori Financial Group, recently undertook a more exceptional...
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KB Financial’s net profit falls 7.3% in 2018
KB Financial Group, a major South Korean banking group, said Friday its net profit declined 7.3 percent on year in 2018, hit by outlays related to job cuts. Net profit stood at 3.06 trillion won (U...
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K-pop stars rise as marketing bonanza for banking industry
... Kookmin Bank) “The idea of hiring a young pop group as a model had first triggered a backlash from...,” an official of the bank said. “After all, financial services have always produced advertisements...
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Korea's Hanwha Group, Hana Financial compete for Lotte Card
...ew owner of Lotte Card, a credit card business owned by Korean-Japanese retail conglomerate Lotte Group that has been put up for sale. Lotte Group has set out to sell three of its financial units -- Lotte Card, Lotte Non-Life Insurance and Lot...
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[Newsmaker] K-pop stars rise as marketing bonanza for banking industry
...and marketing. “The idea of hiring a young pop group as a model had first triggered a backlash from...,” an official of the bank said. “After all, financial services have always produced advertisements...
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KB, Shinhan regroup as competition heats up for ‘leading bank’ title
...fierce battle to become Korea’s biggest banking group, with KB trying to defend its title from Shinh...igher than the nation’s No. 2 player, Shinhan Financial Group, which saw cumulative net profit of 2....
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KB, Shinhan first Korean companies to join Bloomberg’s 2019 Gender-Equality Index
...r’s rising commitment to promoting gender equality and female-friendly policies in the workplace. KB Financial Group and Shinhan Financial Group said Thursday they have become the first Korean companies to...
