KoreaTimes(126) - Banks, Finance, page 7

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Finance

Banks

Mon, October 18, 2021 | 00:29

Commemorating National Liberation Day

KB Kookmin Bank CEO Hur Yin speaks with Independence Hall of Korea President Han See-jun via an online link at the bank's main branch in Seoul, Thursday, to celebrate the completion of a wall built on Reunification Hill on the hall's plot of land in Cheonan, South Chungcheong Prov...

Park Jae-hyuk | 2021-08-15 11:17

Large, traditional banks unattractive workplace for IT experts

The much touted plan by major Korean banks to increase recruitment of IT experts continues to hit a snag, as software developers still do not consider the financial sector as an ideal workplace in terms of office culture. Amid the rise of digital banking, traditional banks and financial firms here are on track to scale down their regular recruitment of conventional banking st...

Lee Min-hyung | 2021-08-15 08:25

Foreign investors dumping Korean stocks amid 4th COVID wave

Foreign investors have been dumping stocks of major Korean companies amid growing uncertainties caused by the unrelenting fourth wave of the COVID-19 pandemic, sending a shudder through the local financial market. Experts forecast that foreigners will continue to sell local shares, particularly semiconductor stocks, such as Samsung Electronics and SK hynix, which they expect ...

Lee Kyung-min | 2021-08-13 17:41

NH NongHyup Bank opens first London office

NH NongHyup Bank, one of the country's leading banks, has opened its first office in London, the bank said Thursday.

Kim Yoo-chul | 2021-08-12 14:10

Woori Bank introduces AI-based market forecasting system

A model holds a sign promoting an artificial intelligence system developed by Woori Bank to ensure more precise market forecasting and risk management. The system, AI Deep Sensing, is also designed to offer customized products for individual investors. For user convenience, it will be incorporated into Woori Bank's app. Courtesy of Woori Bank

Yi Whan-woo | 2021-08-12 14:10

For more finance jobs

Financial Services Commission Chairman Eun Sung-soo, center, poses after meeting the leaders of the nation's top five financial holding firms. He urged them to expand recruitment efforts for young jobseekers here. From left are: Hana Financial Group Vice Chairman Ham Young-joo, Woori Financial Group Chairman Son Tae-seung, Shinhan Financial Group Chairman Cho Yong-byoung, Eun...

Lee Min-hyung | 2021-08-10 17:23

[ANALYSIS] KakaoBank being granted 'special treatment'

KakaoBank, a banking subsidiary of IT giant Kakao, is being exempted from a financial regulation, in what traditional financial group-affiliated lenders consider an “undue favor” exploiting its status as an internet-only bank, industry sources said Tuesday.

Lee Kyung-min | 2021-08-10 17:21

Banking group CEOs spearhead digital transformation

Leaders of the country's major banking groups are seeking innovative strategies to digitally transform their firms as the competition with tech companies, using the competitive power of their platforms to muscle into the financial sector, grows fiercer. The CEOs are especially pursuing the creation of comprehensive platforms, backed by up-to-date technologies, that bring toge...

Yi Whan-woo | 2021-08-10 15:47

Banking groups on alert over hawkish regulators

Korea's banking groups are on growing alert over the newly appointed chiefs of local financial regulators, who have been sending repeated signals of adopting principle-based regulations.

Lee Min-hyung | 2021-08-09 16:56

KakaoBank becomes 12th-largest market cap company on KOSPI

KakaoBank was listed on the KOSPI, Friday, in one of most expected IPOs of the year, and ended the day with a positive performance. The internet-only bank's initial price was set at 53,700 won at the beginning of Friday's session, 37.7 percent higher than the offering price of 39,000 won. Despite failing to reach its maximum possible start - a 200 percent jump - the stock con...

Anna J. Park | 2021-08-06 17:06

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