Banking & Finance
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Banking & Finance
Mirae Asset rebrands Canadian subsidiary to Global X
South Korea's Mirae Asset Global Investments Co. announced on Thursday that it will change the name of its Canadian exchange-traded fund (ETF) manage...
Mar 07, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
JPMorgan Chase’s growth driver: offline community branches
NEW YORK -- Global banking giant JPMorgan Chase & Co. has been expanding brick-and-mortar branches across the US with investments of billions of ...
Mar 06, 2024 (Gmt+09:00)
3 Min read -
Banking & Finance
Woori Financial to sponsor MLB Seoul Series
South Korea's Woori Financial Group announced on Tuesday that it will be an official sponsor of the US Major League Baseball World Tour Seoul Series....
Mar 05, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Indonesia's KB Bukopin rebranded as KB Bank
Bank KB Bukopin, an Indonesian subsidiary of KB Kookmin Bank, announced on Monday that it rebranded as KB Bank. The corporate name PT Bank KB Bukopi...
Mar 05, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Hana Bank issues Hana Certification in 16 languages
South Korea's Hana Bank announced on Monday that it launched the Hana Certificate service in 16 languages. The service is available through the Hana ...
Mar 04, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Mirae Asset's Indian unit boosts retail brokerage services
South Korean brokerage house Mirae Asset Securities Co. said on Tuesday that the number of its retail customer accounts in India, one of the world&rs...
Feb 27, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banking groups see record-high loan losses in 2023
South Korea’s top four financial services groups – KB, Shinhan, Hana and Woori -- booked 1.97 trillion won ($1.5 billion) of loans as los...
Feb 27, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
KB Kookmin Bank opens KB Prasac Bank in Cambodia
KB Kookmin Bank announced on Monday that it held an opening event for the integrated commercial bank KB Prasac Bank PLC in Phnom Penh, Cambodia, on F...
Feb 26, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean bank branch closures accelerate as online deals grow
South Korean banks are accelerating moves to close branches given the growth in digital transactions and decline in offline customers but financial a...
Feb 19, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Taiwan QR code to be available at BC Card merchants in S.Korea
South Korea’s BC Card announced on Wednesday that it will introduce the Taiwanese QR payment method TWQR in the domestic market for Taiwanese t...
Jan 31, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banks flock to Poland, Korean Inc.’s new manufacturing hub
South Korean banks are in a race to advance into Poland to support Korean companies rushing to build factories in the new offshore manufacturing hub ...
Jan 22, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
S.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval to...
Jan 18, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth ...
Jan 18, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond issu...
Jan 16, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea's KDB establishes innovation fund for auto parts companies
The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wort...
Dec 29, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Card Kazakhstan arm attracts $24 mn investment
Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a 31 billion won ($24 million) investment from local car dea...
Dec 28, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea Housing Finance Corp. opens New York office
Korea Housing Finance Corporation announced on Wednesday that it has opened a New York office to serve as a hub for its overseas fund procurement act...
Dec 15, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banks enjoy robust earnings in Asian emerging markets
Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted 4...
Dec 05, 2023 (Gmt+09:00)
2 Min read -
Banking & Finance
Woori Bank Vietnam opens PB branch in Hanoi
South Korea's Woori Bank revealed on Tuesday that the Vietnamese corporation Woori Bank Vietnam opened its 22nd branch in Starlake, Hanoi. Starlake, ...
Nov 21, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
DGB partners with Vietnamese IT company
South Korea's DGB Financial Group announced on Monday it signed a business agreement with the global IT company FPT Software at the FPT Group headqua...
Nov 06, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Woori Bank opens regional headquarters in Bangladesh
South Korea's Woori Bank announced on Friday it opened its new regional headquarters in Bangladesh. In 1996, the bank launched its first branch in Ba...
Nov 03, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Woori Bank to add two new branches in India 2024
South Korea's Woori Bank plans to open two new branches in India in the first half of next year. The bank announced on Tuesday it has obtained prelim...
Oct 31, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Card's Kazakhstan arm secures $60 mn from IFC
Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a $60 million investment from the International Finance Corp...
Oct 25, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Bank Woori Saudara to open 160th Indonesian branch
South Korea's Woori Bank announced on Wednesday its Indonesian subsidiary Bank Woori Saudara is set to open a new outpost in Pekanbaru, Sumatra's Ria...
Oct 19, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Hyundai Capital to acquire Indonesian financial firm
South Korea's Hyundai Capital announced on Wednesday it will acquire the Indonesian finance firm PT Paramitra Multifinance to enter the local market....
Oct 11, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
KakaoBank to acquire 10% stake in Super Bank Indonesia
South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move pl...
Oct 10, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banks go digital in Southeast Asia for non-interest gains
South Korea’s top four banks are strengthening their overseas operations, particularly in the digital banking business, to increase their non-i...
Oct 05, 2023 (Gmt+09:00)
2 Min read -
Banking & Finance
Korean Hana ties up with Saudi EXIM Bank for Middle East biz
Hana Financial Group, South Korea’s third-largest financial holding company, joined hands with the Saudi Export-Import Bank to expand its marke...
Sep 27, 2023 (Gmt+09:00)
2 Min read -
Banking & Finance
Samsung Galaxy to help locate lost credit cards
Samsung Electronics Co. signed a business agreement with KB Kookmin Card and American Express on Tuesday for the launch of an Internet-of-Things (IoT...
Sep 19, 2023 (Gmt+09:00)
1 Min read
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