KoreaTimes(126) - Banks, Finance, page 6

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Finance

Banks

Mon, October 18, 2021 | 00:56

Leveraged investors cry foul over toughened lending rules

More people are asking for easing of lending rules because they have been finding it hard to borrow money from banks.

2021-08-23 16:11

For small businesses

NongHyup Bank CEO Kwon Jun-hak, right, and Cho Tae-kwon, CEO of Hwayo, maker of traditional liquor soju, hold an appreciation plaque given by the bank in recognition for the firm's contribution to the progress of small businesses in the country, at the bank headquarters in Seoul, Aug. 20. Hwayo was one of 60 firms that made it to the list compiled by the bank on the occasion ...

2021-08-22 15:37

Union slams Standard Chartered over hefty dividends

Standard Chartered (SC) Bank Korea's union condemned the bank's management for having sent a total 3.6 trillion won ($3 billion) to its U.K. headquarters since SC's acquisition of Korea First Bank in 2005.

2021-08-20 17:03

Woori, NongHyup outrun Hana in race to adopt Equator Principles

Woori and NongHyup banks joined the Equator Principles Association this week, leading Hana Bank to become the only major commercial bank here that has yet to adopt the risk management framework intended to prevent financing for large-scale projects that can cause environmental damage or human rights abuses.

2021-08-20 16:58

Korean banking groups to offset Myanmar losses in Southeast Asia

Expansion of overseas branches has become a key growth engine for major banks' business strategies, particularly in the Southeast Asian region. Despite unpredictable political situations in some countries in the region, as seen in the case of Myanmar where a number of Korea-headquartered banks were preparing to expand their businesses there, major banks are bracing themselves...

Anna J. Park | 2021-08-19 16:19

Metaverse meeting at Woori

Woori Financial Group Chairman Son Tae-seung holds an online meeting with employees through a metaverse platform, at the group's headquarters in Seoul, Wednesday. Son pledged to keep expanding communication with employees via various digital channels. Yonhap

2021-08-18 16:29

Eximbank may appoint outside director backed by union

The state-run Export-Import Bank of Korea (Eximbank) is expected to finalize its list of candidates this week to fill one of the vacant positions among its three-member outside board of directors. The seat has been empty since May. The process is being carried out under the guidelines of the Ministry of Economy and Finance, which oversees Eximbank and has the right to choose ...

2021-08-18 16:10

Banks question KakaoBank's risk management capability

Korea's conventional banks are questioning KakaoBank's risk management capability amid the online lender's rapid rise to the nation's most valuable financial firm after its recent initial public offering (IPO).

2021-08-17 16:38

Hana Bank supports Cheonan warship families

A Hana Bank official holds a placard showing the bank's support for the bereaved families of the 2010 sinking of the Cheonan warship in this photo, Monday. Hana Bank said that it has signed a contract with guardians of the remaining underage children of the sailors who perished in the sinking, to provide support for the safe and transparent management of the national donation...

2021-08-16 13:03

Weak earnings making Citibank Korea less attractive to potential buyers

Citigroup is facing another setback in its ongoing attempt to sell its retail banking unit here: Citibank Korea's weak earnings during the first half of the year.

2021-08-16 09:43

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