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Finance

Banks

Sun, September 26, 2021 | 10:19

Tough regulations force banks to go abroad

Korea's banking groups are expected to further accelerate ongoing efforts to shift their focus overseas from the domestic market, as multiple financial regulations proposed ahead of the presidential election next year are set to deteriorate their earnings here. They are planning to offset worsening profits in Korea by seeking inroads into Southeast Asian countries with higher...

Park Jae-hyuk | 2021-09-26 09:33

Eximbank move could pressure KB, IBK to appoint union-backed directors

Attention has been focused on whether KB Kookmin Bank and the Industrial Bank of Korea (IBK) will follow the example set by the Export-Import Bank of Korea (Eximbank), which became the country's first financial company and state-run institution to give a board seat to an expert recommended by its union.

Park Jae-hyuk | 2021-09-23 16:52

Kakao Pay confirms IPO has been delayed

Kakao Pay has decided to delay its initial public offering (IPO), an investment banking source said Thursday. The move comes after Kakao and its affiliates lost over $15 billion in market capitalization this month alone as its stock price tanked due to the government's crackdown on the country's top messaging service operator.

Kim Yoo-chul | 2021-09-23 16:32

Naver, Kakao on verge of suspending more financial services

Citibank Korea helps corporate clients adopt ESG standards

Citibank Korea is focusing more on providing its corporate clients with diverse services and products satisfying environmental, social and corporate governance (ESG) standards, under its annual strategic goal of becoming the “Best ESG Bank,” the U.S. bank's local subsidiary said Thursday.

2021-09-23 12:24

Banks expand retail, digital ties while cutting costs on conventional operations

Korean banks are seeking fresh revenue sources by partnering with retail and IT firms, as part of their all-out digital transformation strategy.

Lee Min-hyung | 2021-09-17 09:01

Eximbank donates meal boxes for vulnerable groups

The state-run Export-Import Bank of Korea (Eximbank) has delivered meal boxes to socially vulnerable in Seoul to fulfill its corporate social responsibility (CSR) ahead of the Chuseok holiday, the bank said Thursday.

2021-09-16 14:03

Hana donates eco-friendly vehicles under ESG plan

Hana Bank donated Wednesday two liquefied petroleum gas (LPG) vehicles to a mobility startup operating a service for deaf taxi drivers to better communicate with customers.

Lee Min-hyung | 2021-09-15 15:41

KDB, Hana team up for innovation

Hana Bank will increase cooperation with the state-run Korea Development Bank (KDB), in a move to create synergy in advancing financial services in the form of a public-private partnership.

Lee Kyung-min | 2021-09-14 08:53

Financial stocks to bounce back on KakaoBank's inclusion in bank index

Bank stocks will regain momentum for an additional rally by the end of 2021 after KakaoBank's inclusion in the KOSPI 200 Financials Index, Friday, according to industry watchers.

Lee Min-hyung | 2021-09-10 15:50

Woori Financial's privatization feasible by end of 2021

Woori Financial Group is expected to be fully privatized no later than the end of 2021, after two decades of “public ownership,” if the government acquires a buyer for its remaining 10-percent stake in the bank holding company.

Lee Min-hyung | 2021-09-10 08:49

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