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February 02, 2022
KB, Hana, Shinhan recognized in 2022 Bloomberg Gender-Equality Index
South Korea’s top banking groups KB, Hana and Shinhan are included in this year’s Bloomberg Gender-Equality Index, which recognizes businesses committed to transparency in gender reporting and promot... December as the new CEO of Shinhan DS, the group’s financial IT service u...
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January 27, 2022
Banking groups beef up auto financing to lure young drivers
...nding, bank account balances, loans, insurance and more, enabling customers to manage their finances more efficiently. An online and mobile auto financing platform operated by KB’s industry rival Shinhan’s credit card issuer is projected to get an upgrade this year due to its popular...
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January 24, 2022
Woori, Shinhan chiefs pledge customer-focused changes
CEO Jin Ok-dong of Woori’s rival Shinhan Bank echoed Kwon at the firm’s business strategy meeting held both offline and online Friday. The event was held at SK Olympic Handball Gymnasium in eastern S...pany until the employees love it first,” from Simon Sinek’s 2014 book “Leaders Eat...
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January 21, 2022
KB Kookmin Bank makes inroads into Singapore
...ate and investment banking and will partially deal with brokerage services. With the latest addition, KB Kookmin now has seven subsidiaries and nine branches across the globe. Its industry rivals Shinhan, Woori and Hana each have their own branches in Singapore. KB Kookmin’s net prof...
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January 20, 2022
LG Energy Solution IPO draws record high W114tr in retail bids
...one, depending on the brokerages handling bids. A total of seven local brokerages oversaw the subscriptions, with KB Securities underwriting the largest volume, followed by Daishin Securities and Shinhan Investment. The three account for 91 percent of the bids. With shares selling at ...
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January 18, 2022
Retail subscriptions open for LG Energy Solution IPO
...id more upfront cash snatching more shares. A total of seven local brokerages are handling the subscriptions, with KB Securities underwriting the largest volume followed by Daishin Securities and Shinhan Investment. The three account for 91 percent of the bids. The megasized IPO has d...
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January 18, 2022
KT, Shinhan ink cross-shareholding deal for digital alliance
South Korea’s No. 2 telecom carrier KT and the nation’s second-largest banking group Shinhan Financial Group said Monday that they have forged a new alliance to spur collaborations on futuristic tech... Under the deal worth 437.5 billion won ($367 million), KT will acquire a 2.08 perce...
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January 18, 2022
Banks turn to richest clients for 2022
...p toward developing wealth management services for cryptocurrency, though they remain cautious in dealing with the virtual asset under financial authorities’ watchful eye. KB Kookmin, NongHyup and Shinhan are major traditional institutions that have recently revealed their plans to sup...
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January 12, 2022
Digital platforms for secondhand trading emerge as new retail unicorns
...ading startups, said Tuesday it has raised 82 billion won in an investment round from Shinsegae, Shinhan and Mirae Asset. Signite Partners, a venture capital unit under Shinsegae Group, said it think...and our retail channels,” it added without disclosing the size of investment. Shin...
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January 06, 2022
State-run banks eye overseas expansion for net-zero, corporate financing in 2022
...n, launched in 2002, and it has no other European branches. The subsidiary is the state-run bank’s European headquarters at the moment. Three out of the five major commercial banks here -- Woori, Shinhan and Hana -- currently have subsidiaries in Frankfurt, indicating their preference...
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January 05, 2022
[CES 2022] Samsung’s virtual housekeeper at your service
...t time, Samsung Electronics unveiled Neon, a virtual humanoid that is quite indistinguishable from a real human. Samsung Electronics has already dispatched these AI creations to the workplace. At Shinhan Bank in South Korea, a female Neon bank teller is installed in a life-size display...
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January 05, 2022
ShinhanCard launches ‘first’ NFT service
...ogress to expand the NFT network with local manufacturers and distributors to make that happen. Shinhan Financial Group, the holding company running the credit card arm, has recently invested 5 billi... ($4.18 million) in Block Odyssey, a local blockchain technology company that has pa...
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January 04, 2022
Banking group chiefs highlight digital transformation for survival
...quality, high speed and low cost services through a customer-oriented mind. KB’s industry rival Shinhan Financial Group’s Chairman Cho Yong-byoung told his employees that the firm’s digital platform ... profit. We must provide various solutions as a financial group for a better futu...
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January 03, 2022
Tech firms‘ intensified rush into finance puts pressure on banks, regulators
...uce insurance services this year. Financial companies are racing to counter digital rivals by the tech giants or forge partnerships with new contenders to survive in the rapidly changing market. Shinhan Financial Group, one of the four banking giants in the country, recently named a f...
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December 27, 2021
More women promoted, but hurdles remain in finance
...inancial institutions’ fraud and illegal acts. The nation’s No.2 banking group by total assets, Shinhan Financial Group recently carried out a leadership reshuffle that put women in charge of its dig...on, Shinhan promoted the vice president of its flagship commercial bank ...
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December 21, 2021
Banking giants set to deliver record dividends
...id Dec. 20. The total dividends the four companies -- KB Financial Group, Hana Financial Group, Shinhan Financial Group and Woori Financial Group -- would pay is estimated to be 3.8 trillion won ($3....year. Hana Financial Group came in second at 67.42 percent, up from 65.03 from the s...
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December 21, 2021
From cryptocurrency to EVs, ‘green’ chips are all the rage
...smaller and 6 kilograms lighter compared to conventional inverters,” Ko Yeong-min, an analyst at Shinhan Investment, said. “Benchmarking Tesla, automakers including Hyundai Motor, BYD and Toyota are ...d to reach 17 trillion won ($14.3 billion) in 2025 from this year’s 2 trillion wo...
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December 20, 2021
Challenging Big Tech, banks enter delivery service market
... banks are rushing into the delivery service market, challenging the country’s Big Tech sector and retail companies that have blurred boundaries between finance and tech industries. According to Shinhan Bank, it will start its food delivery beta service from Dec. 22. The delivery app...
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December 17, 2021
‘Metaverse stands as biggest challenge for finance sector’
...nance and the virtual space of the metaverse is currently the biggest challenge for the global finance sector, among other tasks in the path toward digital transformation, the chief strategist for Shinhan Financial Group’s digitalization said on Dec. 15. “The biggest issue at hand ...
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December 16, 2021
Race for next-gen DRAM chips heats up with SK hynix’s new release
...both support DDR5 and its predecessor DDR4 memory chips. Its rival Advanced Micro Devices is also reportedly looking to launch processors that support DDR5 chips by next year. A recent report by Shinhan Investment forecast the DDR5 chip penetration rate to stand at 3 percent as of the...
November 24, 2024
