November 28, 2024

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• February 14, 2022

  Big 4 banking groups post record earnings on lending growth

  South Korea’s top four major banking groups -- KB, Shinhan, Hana and Woori -- saw their combined earnings last year hit a record high, largely buoyed by robust interest and commission income. Accord...ting record net profit of some 4 trillion won, up 17.7 percent compared a year ago. Ba...

• February 09, 2022

  [Newsmaker] Hana Financial taps man behind successful transition after KEB merger as new chief

  ...osecution earlier demanded a three-year jail term and a 5 million won ($4,200) fine. The ruling will be made on Feb. 25. Industry watchers expect Ham to win both legal battles, citing precedents. Shinhan Financial Group Chairman Cho Yong-byoung, who was indicted in 2018 on charges of h...

• February 07, 2022

  Financial firms to pay out record bonuses on upbeat earnings

  ...orth 300 percent of their monthly salaries plus some 1 million won ($830), according to industry sources. The nation’s No.1 commercial bank by performance, KB Kookmin Bank and its long-time rival Shinhan Bank both decided to hand its employees bonuses equivalent to 300 percent of thei...

• 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...

• 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...

• 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...

• 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...

• 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 ...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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...

• 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 ...

• 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...

• 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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