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Banking & Finance

  • 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

  • Banking & Finance

    Samsung Asset wins iF Design Award

    South Korea's Samsung Asset Management announced on Friday that its exchange-traded fund (ETF) brand KODEX has won the top prize in the communication...

    Mar 08, 2024 (Gmt+09:00)

    1 Min read

  • 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