...inally proposed. The agenda items discussed at this year's AGM are as follows: 1) Approval of Financial Statements for the 36 th fiscal year 2) Approval of Provision of Dividends and Statement of...d under the Company's AOI. As a result, the Board's nominees, Kim Myung -chul, a former CFO of Shinhan Financial Group and Koh Yun-sung , a business administration professor at Hankuk University o...

...n South Korea . The partnership aims to build cooperation for overseas remittance/payment for financial inclusion, especially foreign workers residing in Korea and SMEs using E9Pay Commercial Paymen...mpany also serves its 11.9 million mobile users with its award-winning app 'SOL.' The company's financial group 'Shinhan Financial Group' is a diversified holding company with 17 companies including S...

Shareholders of Shinhan Financial Group on Thursday approved the appointment of Jin Ok-dong, its flagship banking unit’s former CEO, as the group’s new chairman. “I feel a great sense of responsibil... held at the group’s headquarters in Seoul. Having worked in Japan for almost 20 years, the new Shinhan chief is considered a seasoned overseas business expert within Shinhan Financial Group. Despite...

South Korea’s public pension fund the National Pension Service said Thursday it would vote against the appointment of former Shinhan Bank President Jin Ok-dong as the new chairman of the Shinhan Financial Group, the nation’s second largest financial giant in terms of total assets. The NPS, the world’s third-largest pension fund, holds a 7.96 percent stake in Shinhan Financial Group as of Decembe...

...aejeon, South Korea . Agenda items to be discussed at this year's AGM include a) approval of financial statements, b) amendments to the Articles of Incorporation, c) cancellation of treasury shares...andidate Nominating Committee. The candidates are as follows- Kim Myung -chul, a former CFO of Shinhan Financial Group, Koh Yun-sung , a business administration professor at Hankuk University of F...

Top commercial Korean banks are moving to lower their lending rates further amid backlash from financial authorities and the public against its presentation of a social contribution plan that was dee...ociety after they enjoyed a bumper year on last year's interest rate hikes. The top four Korean financial groups -- Shinhan, KB, Hana and Woori -- saw their combined net profit last year hit a record ...

...ety over the next three years. The KFB is a lobby group for local commercial banks in Korea. The group's members include major banks such as KB Kookmin, Shinhan, Hana and Woori. However, the gesture... adds up to around 780 billion won, according to the KFB. Meanwhile, the Korean government and financial watchdogs’ pressure on banks to share profits with society has been increasing. In response t...

The top five Korean banks -- KB Kookmin, Shinhan, Hana, Woori and NongHyup – handed out hefty bonuses last year, after they posted record earnings thanks to higher interest income. The five banks’ b... on-year, according to data provided to the Democratic Party of Korea’s Rep. Hwang Un-ha by the Financial Supervisory Service. The FSS data showed that NongHyup gave out the greatest amount in bonuse...

South Korea’s top four financial groups -- Shinhan, KB, Hana and Woori – saw their combined net profit last year hitting a record high of 15.85 trillion won ($12.53 billion), largely buoyed by robust...closed their plans to actively share their earnings with shareholders through raised dividends. Shinhan expects that its total shareholder return rate will be 30 percent. The group will pay a divide...

Shinhan Financial Group reclaimed the top position among financial firms in Korea by posting net profit outpacing other players last year. According to Shinhan's earnings report released Wednesday, ...sition in 2018, but in 2020 KB Financial Group took back Korea’s leading financial group title. Shinhan's figure last year also outdid the record-high net profit of 4.19 trillion that the group saw i...

Shinhan Bank Vice President Jung Sang-hyuk has been tapped as the next CEO of Korea’s No. 2 lender by total assets on Wednesday, following the abrupt departure of its chief. Shinhan Financial Group appointed Jung as the sole candidate for the top position of its flagship banking unit Shinhan Bank. “Jung has a deep understanding of both the traditional banking industry and latest issues. He is a...

Woori Financial Group Chairman and CEO Son Tae-seung will step down from office when his second term ends in March. Son told the group’s next chairman selecting committee on Wednesday morning that h...ine with Financial Supervisory Service chief Lee Bok-hyun, who also pressured the head of Woori Financial Group last year indirectly by complimenting Shinhan Financial Group Chairman Cho Yong-byeong f...

...panies are expected to announce their fourth-quarter earnings results beginning next week, with the market consensus leaning toward lackluster performances in some sectors. Tech heavyweights and financial stocks drove down the Kospi, with market behemoth Samsung Electronics falling more than 1 percent and battery maker Samsung SDI slipping 1.2 percent. Shinhan Financial, a major banking group, dipped more than 2.5 percent, and its rival, Hana Financial, also slumped 3 percent. Top chemical producer LG Chem, in contrast, gained 0.2 percent, and Naver, ...

As Woori Financial Group is set to hold its meeting for selecting the next chairman candidates on coming Wednesday, eyes are now on whether the current head Son Tae-seung will be able to secure a rea...,” he added. Financial Supervisory Service chief Lee Bok-hyun also pressured the head of Woori Financial Group last year by complimenting Shinhan Financial Group Chairman Cho Yong-byeong for offering...

...unt or meeting a minimum spending standard with a credit card issued by the lender’s affiliate. Shinhan Bank recently came under fire for a savings plan sold online which it advertised would return a...cent because they couldn’t meet the prime rate requirements. According to recent data from the Financial Supervisory Service, South Korea's main financial watchdog, of the 59 savings plans sold by lo...