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January 11, 2023
FSC chief rekindles debate reignited over banks' business hours
... Although it differs from branch to branch most banks in New York open from 9 a.m. to 5 p.m. on weekdays, and from 9 a.m. to noon on Saturdays. Branches of all top four Korean commercial banks-- Shinhan Bank, KB Kookmin Bank, Woori Bank and Hana Bank -- in the US also operate from 9 a...
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January 09, 2023
[KH explains] Why are banks cutting staff amid record profits?
...ntees “lifetime” job security is becoming a thing of the past. All four top commercial banks -- Shinhan Bank, KB Kookmin Bank, Woori Bank and Hana Bank -- are in process of conducting voluntary retir...y retirement packages to their employees. A day before Hana's early retirement sc...
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January 03, 2023
‘Seize chances to thrive in times of crisis’
...isappear from the market if we do not. My decision to appoint new-generation CEOs was also made to avoid dwelling on the past and the present and to move on to a greater future." Cho Yong-byoung Shinhan Financial Group chairman "Let's constantly change and leap forward with the deter...
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January 01, 2023
Invisible finance is ultimate goal for Shinhan Bank: new CEO
The new CEO of Shinhan Bank, one of South Korea's top four lenders by net profit, vowed to put customer-centric service and digital innovation first during his tenure. “Shinhan will manage its soundness through precise data analysis and protect customer value through timely su...
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January 01, 2023
Major banks offer voluntary redundancies
...dustry insiders expect the two other big local commercial banks of the top four -- Hana Bank and Shinhan Bank -- will likely soon follow suit. The top four banks are expected to complete the layoff p...he end of January next year. Back in January 2022, 674 employees from KB Kookmin Ba...
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December 12, 2022
24 Korean firms named to Dow Jones' sustainability index
...msung SDS were newly included in the index. In the DJSI Asia Pacific index, Amorepacific, Samsung Fire & Marine Insurance and Samsung SDS were newly added. Samsung SDI, Samsung Electro-Mechanics, Shinhan Financial, SKT, LG Household & Health Care, KB Financial, Mirae Asset, Samsung Sec...
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December 09, 2022
Jin Ok-dong tapped as chairman candidate for Shinhan Financial
Shinhan Bank President Jin Ok-dong, 61, has been appointed as the final candidate for the new chairman of Shinhan Financial Group, South Korea's No. 2 bank by total assets, Thursday. The group said ...igned to Osaka to lead the establishment of Shinhan Bank Japan. Ji...
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November 28, 2022
Possible Wemix delisting prompts jitters in crypto market
...giant's shareholders. Wemade is best known for its hit franchise, The Legend of Mir, which peaked at over 200 million sign-ups. It includes one of the world’s most popular blockchain games, Mir 4. Wemade announced early this month that it had raised $46 million from Microsoft, and asset managem...
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November 21, 2022
Hana Financial, SKT team up to step up fintech service
...ial and tech companies amid a rush to a digitalized economy. The partnership is the latest highlight of a race to outgrow the traditional financial systems by the five banking giants: KB Kookmin, Shinhan, Hana, Woori and NongHyup. The groups have either reached out to tech companies or...
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November 16, 2022
Medicube operator eyes IPO on upbeat sales
...hat it is operating its first overseas branch in Tokyo. With its business expansion, the company is planning to make a market debut on the nation’s tech-focused Kosdaq next year. APR has selected Shinhan Investment as the main underwriter. The two agreed to apply for a preliminary rev...
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November 10, 2022
Uncertain year ahead for Korean banks amid looming debt crisis, CEO term-ends
...d Wednesday. Starting with NH Financial Group Chairman Son Byung-hwan’s term ending next month, Shinhan Financial Group Chairman Cho Yong-byoung and Woori Financial Group Chairman Son Tae-seung are i... next year. CEOs of some banking giants’ flagship commercial lenders are in the s...
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November 02, 2022
Banking giants to inject W95tr to ease liquidity strain
... emergency liquidity program worth at least 50 trillion won, saying help from market participants, like the major lenders, would make the relief matter more. The five chiefs -- from KB Financial, Shinhan Financial, Hana Financial, Woori Financial and NongHyup Financial Groups -- delive...
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November 01, 2022
Corporate borrowing surges to fresh high amid liquidity worries
...($6.18 billion), the biggest monthly rise in 13 months, sparking concerns over fresh liquidity strains amid global headwinds sapping business confidence. Data from the five lenders -- KB Kookmin, Shinhan, Hana, Woori and NongHyup -- showed conglomerates or large companies holding at le...
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September 20, 2022
Moviegoing returning to pre-pandemic levels
...uary 2019, according to a study released Monday. The number of moviegoers in the first half of this year surged 178 percent compared to the same period last year, according to a Lotte Members and Shinhan Card big data study conducted by aggregating data from all Lotte Cinema locations ...
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September 20, 2022
Moviegoing returning to pre-pandemic levels
...uary 2019, according to a study released Monday. The number of moviegoers in the first half of this year surged 178 percent compared to the same period last year, according to a Lotte Members and Shinhan Card big data study conducted by aggregating data from all Lotte Cinema locations ...
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September 19, 2022
Financial workers’ strike has little short-term impact
...al reports said that only 0.8 percent of the workforce at the top five banks here -- KB Kookmin, Shinhan, Hana, Woori and NongHyup -- participated in the rally. The majority or some 7,000 of the prote...d workers.” According to performance reports released by the top four banks here -...
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September 12, 2022
From eggs to stocks: Chuseok gifts evolve in reflection of the time
...urities launched a special Chuseok event allowing its customers to gift the stocks they own to another person only by submitting the recipient’s name and phone number on its mobile trading system. Shinhan Investment provides a service via KakaoTalk where its customers can gift overseas...
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August 31, 2022
Korean financial groups make aggressive expansion in Vietnam
... of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No.2 bank by total assets, is at the forefront of the movement. ...’s Vietnam subsidiary Shinhan Bank Vietnam opened three new branches in ...
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August 04, 2022
Top Korean banks face flak for profiting from surging rates
...e central bank’s aggressive rate hikes. Last year, the top five commercial banks -- KB Kookmin, Shinhan, Hana, Woori and NH NongHyup -- alongside major regional lenders and internet-only banks accept...ssible rate cut and give a detailed explanation if they ultimately reject the reque...
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July 27, 2022
[MARKET EYE] Could banks trade crypto in Korea?
...yptocurrency exchange are adding to worries that banks are underprepared to manage crypto operations. According to the FSC, suspicious remittances totaling about 1 trillion won ($764 million) for Shinhan Bank and 800 billion won for Woori Bank trace back to an undisclosed crypto exchan...
November 24, 2024
