Banking & Finance
Banking & Finance
Korea’s BC Card to buy Indonesian IT firm for SE Asia biz growth
Aug 12, 2022 (Gmt+09:00)
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Banking & Finance
Korea Woori Card to start installment finance biz in Indonesia
Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of South...
Jun 27, 2022 (Gmt+09:00)
1 Min read -
Banking & Finance
NongHyup to gain toehold in southwest Asia with India branch
NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch i...
May 30, 2022 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan to boost Vietnam digital services with Tiki
South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian countr...
May 02, 2022 (Gmt+09:00)
2 Min read -
Banking & Finance
S.Koreans boost Japanese yen savings to record high
The sliding yen has prompted South Korean importers and households to go bargain-hunting for the Japanese currency, which they believe is near its tr...
Mar 29, 2022 (Gmt+09:00)
2 Min read -
Banking & Finance
KTB rebrands with name change as Daol Financial Group
Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean wo...
Mar 27, 2022 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model sh...
Mar 22, 2022 (Gmt+09:00)
3 Min read -
Banking & Finance
Korea’s record liquidity growth raises inflation, asset prices
South Korea’s money supply increased at the fastest pace in history last year, exceeding liquidity growth in the eurozone, which accelerated in...
Feb 17, 2022 (Gmt+09:00)
3 Min readlanguage -
Banking & Finance
Korean bank profits at record-high as borrowers struggle under debt
South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bia...
Feb 10, 2022 (Gmt+09:00)
3 Min readlanguage -
Banking & Finance
Money flows rush to safer assets in Korea
South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash management accounts (CM...
Feb 07, 2022 (Gmt+09:00)
3 Min read -
Banking & Finance
Vietnam gives traction to Korean banks' global push
South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Vietn...
Jan 19, 2022 (Gmt+09:00)
3 Min read -
Banking & Finance
BOK restores interest rates to pre-pandemic level
South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary pr...
Jan 14, 2022 (Gmt+09:00)
3 Min readlanguage -
Banking & Finance
Bank of Korea may hike rates this week to curb inflation, household debt
South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve i...
Jan 13, 2022 (Gmt+09:00)
2 Min readlanguage -
Banking & Finance
Retirement packages unexpectedly benefit young talent
Voluntary retirement packages, often coming with generous compensation, have been adopted by companies as a way to let go of older or redundant emplo...
Dec 27, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks st...
Dec 20, 2021 (Gmt+09:00)
3 Min read -
Banking & Finance
Bank of Korea raises interest rates, signals further hikes
South Korea’s central bank increased its policy interest rate for the second time in three months and signaled further hikes to stem rising inf...
Nov 25, 2021 (Gmt+09:00)
3 Min readlanguage -
Banking & Finance
Citibank's exit from Korean retail market to cost up to $1.5 bn
Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wou...
Nov 10, 2021 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea mulls allowing banks to adopt Toss' super-app strategy
South Korea's top financial regulator is considering allowing banks to provide basically all financial services in single apps, emulating fintech pla...
Oct 29, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
Citibank Korea to shut down retail business in phases
Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the busi...
Oct 25, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
Woori Fin to move closer to privatization by year's end
The South Korean government will sell another big chunk of its remaining shares in Woori Financial Group by year's end to finally give up its top sha...
Sep 10, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
K Bank valued at $6.9 billion, needs to expand loans: Morgan Stanley
K Bank, the digital banking unit of South Korea’s telecom giant KT Corp., is valued at 8 trillion won ($6.9 billion) and could further raise it...
Aug 31, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
KakaoBank falls out of Kospi top 10 on 3rd trading day
KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company aga...
Aug 10, 2021 (Gmt+09:00)
4 Min read -
Banking & Finance
Korea’s major banking groups post record-high earnings in H1
South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group repo...
Jul 27, 2021 (Gmt+09:00)
3 Min read -
Banking & Finance
Bank of Korea sets stage for tightening after holding rates
South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy ...
Jul 15, 2021 (Gmt+09:00)
3 Min read -
Banking & Finance
Moody's urges Korean banks to beef up online platforms
South Korea's traditional banks, led by KB, Shinhan, Hana and Woori, will need to strengthen their online platforms as KakaoBank, the country's leadi...
Jul 12, 2021 (Gmt+09:00)
2 Min read -
Banking & Finance
Korean banks enter digital asset custody market in quick succession
Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following KB...
Jul 11, 2021 (Gmt+09:00)
3 Min readlanguage -
Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradit...
Jun 18, 2021 (Gmt+09:00)
3 Min read -
Banking & Finance
Hana Financial partners with Line to launch digital bank in Indonesia
Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Korea...
Jun 13, 2021 (Gmt+09:00)
3 Min read -
Banking & Finance
Toss Bank to compete with K Bank, Kakao Bank from September
Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss B...
Jun 11, 2021 (Gmt+09:00)
4 Min read -
Banking & Finance
Internet-only K Bank to raise $1.05 bn in rights offering
South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business e...
May 21, 2021 (Gmt+09:00)
2 Min readlanguage
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