Banking & Finance
Banking & Finance
KB Kookmin Bank, Cambodian Central Bank to build payment system
May 17, 2024 (Gmt+09:00)
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Banking & Finance
Tata, Korea's Woori to expand car financing services in Asia
Woori Financial Group Inc., the fourth-largest financial holding group in South Korea, and India’s top commercial vehicle maker Tata Motors Ltd...
May 17, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea Eximbank provides $120 mn credit to Cambodia
The Export-Import Bank of Korea (Eximbank) said on Friday that it signed an agreement with the Ministry of Finance of Cambodia to provide a foreign e...
May 17, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle
South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing deb...
May 14, 2024 (Gmt+09:00)
3 Min read -
Banking & Finance
Woori Bank offers internship for SE Asian students in S.Korea
South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims to...
May 14, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Near-zero interest rate deposits swell at Korean banks
Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of this...
May 09, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
KakaoBank sees record quarterly net profit
South Korea's KakaoBank Corp. enjoyed a record quarterly net profit of 111.2 billion won ($81 million) for the first quarter of this year, the compa...
May 09, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
S.Korea’s Lotte Card injects $68 mn into Vietnamese unit
Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southea...
May 02, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean brokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking a...
May 02, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Hanwha Life to buy stake in Indonesia's Lippo-owned bank
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023,...
Apr 24, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Woori Financial opens DinnoLab Vietnam Center
South Korea's Woori Financial Group announced on Wednesday that it has opened the DinnoLab Vietnam Center in Hanoi.DinnoLab is a program by Woori Fi...
Apr 24, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line
South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese leadi...
Apr 23, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Hana Bank launches All-care Solution for Real Estate Wealth
South Korea's Hana Bank announced on Tuesday that it launched the premium real estate wealth management service Hana Real Estate All-care Solution in...
Apr 23, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Hyundai Capital to set up units in Indonesia, Australia
Hyundai Capital Services Inc., the consumer finance unit of the world’s third-largest automaker Hyundai Motor Group, plans to establish subsidi...
Apr 18, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Foreign banks expand Korean operations amid China’s slowdown
Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grappl...
Apr 18, 2024 (Gmt+09:00)
3 Min read -
Banking & Finance
Toss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and six m...
Apr 18, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pre...
Apr 15, 2024 (Gmt+09:00)
3 Min read -
Banking & Finance
Samsung Asset's KODEX S&P500 TR ETF surpasses 1 tn won in net asset
Samsung Asset Management Co. announced on Tuesday that the net asset value of its KODEX US S&P500 TR exchange-traded fund (ETF), which tracks the...
Apr 09, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
KB Kookmin Card launches card for overseas payments
KB Kookmin Card, a credit card unit of KB Financial Group, announced on Monday that it launched the WE:SH Travel credit card that offers benefits spe...
Apr 08, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea’s Shinhan to invest $180 mn in India’s HDFC Credila
South Korea’s Shinhan Bank is set to invest $180 million in HDFC Credila Financial Services Ltd., India’s largest education loan provider...
Apr 04, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Securities leads M&A of Trench Group
South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group,...
Mar 29, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
NH Investment gets APEC Cross Border Privacy Rules
South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-Bo...
Mar 29, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Samsung seeks to launch new super mobile banking app with a local bank
Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnershi...
Mar 25, 2024 (Gmt+09:00)
3 Min read -
Banking & Finance
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan ...
Mar 22, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Korea's BC Card launches Trip.Pass for foreign visitors
South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the domes...
Mar 19, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
BNK Capital raises $41.5 mn in foreign currency
South Korea’s BNK Capital announced on Monday that it raised $41.5 million in foreign currency funds from overseas state-owned banks.This is t...
Mar 18, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Shinhan Bank, Indodana co-work on digital finance
Shinhan Bank announced on Friday that its Indonesian subsidiary Shinhan Bank Indonesia signed a strategic business agreement with PT Artha Dana Tekno...
Mar 15, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
Korea's Shinhan, Hana accelerate overseas push after record profits
South Korean major banks aim to accelerate their expansions in other countries as their overseas investments paid off with record profits last year a...
Mar 14, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
DGB Financial launches overseas asset management
South Korea's DGB Financial Group announced on Thursday that it opened its first overseas subsidiary Hi Asset Management Asia (HiAMA) in Singapore.Hi...
Mar 14, 2024 (Gmt+09:00)
1 Min read -
Banking & Finance
KEXIM, US DOE to support S.Korean green energy firms
The Export-Import Bank of Korea (KEXIM) said on Mar. 7 that it will support domestic firms that aim to enter the American green energy industry with ...
Mar 08, 2024 (Gmt+09:00)
1 Min read
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