...has expressed his willingness to enact drastic deregulations and introduce innovations into the financial services sector during the Yoon Suk-yeol administration. Deputy Prime Minister and Finance Mi...(financial) consumers.” Choo’s remarks came during his meeting with chiefs from the five major financial groups -- Hana, KB, NH, Shinhan and Woori -- and Financial Services Commission Vice Chairman K...

Hana Financial Group is expanding its project to help youth startups nationwide, as it has signed the first regional partnership with the Korea National University of Cultural Heritage, the group said Sunday. According to the group, the two sides signed a memorandum of understanding at the KNUCH in Buyeo, South Chungcheong Province on Friday. They agreed to provide support for startup ideas rela...

South Korea‘s Hana Financial Group announced Monday its support for the Women’s Empowerment Principles (WEPs) and said that it has joined the Net-Zero Banking Alliance, as part of its efforts to bolster ESG value in its management. The WEPs is a joint initiative by UN Women and UN Global Compact to promote women’s empowerment in the workplace and community. Hana said it will expand gender equali...

South Korea’s KB Financial Group outperformed its local rivals, posting a record net profit for the first three months of the year as the banking industry’s overall performance was bolstered by a sur...gulations and screenings, but loans extended to businesses grew 1.9 percent in the cited period. Hana Financial Group came at No.3 with a net income of 902.2 billion won in the same period, up 8 perc...

.... It categorized 708 respondents with personal assets over 1 billion won as “wealthy,” and of the group, 131 people aged between 19 and 49 as “young” and 577 people aged above 50 as “old.” Real estat...average 60 percent of the young rich’s 6.6 billion won in assets, while the rest was made up of financial assets including stocks, according to Hana Institute of Finance. Of the financial assets, stoc...

...re legal power to manage their wills as the nation became an aged society in 2017. On Wednesday, Hana Bank, one of the top four commercial lenders here, rolled out a trust fund that allows grantors t...4.48 million out of some 50 million Koreans who have pets, according to a report compiled by KB Financial Group last year. KB Kookmin also has several trust funds focused on inheritance and caters to...

...ear in terms of the combined size of the accounts held by five major crypto exchanges, watchdog Financial Supervisory Service data submitted to a lawmaker here showed Thursday. Of the total, investors...services. But they have been nonetheless actively seeking to get a foot in the door. Shinhan Financial Group is currently reviewing investment in Korbit, for which it has been providing real-name a...

The new chairman of Hana Financial Group on Sunday pledged to help the group become Asia’s top financial company by improving its global profile, nonbanking investment and digital finance. “At this time when the financial industry is at an inflection point of blurring boundaries, an accelerating aging population and slowing growth, I will (help the company to) improve shareholders and corporate ...

Shareholders of Hana Financial Group have officially elected Vice Chairman and sole chairman-nominee Ham Young-joo to lead the company for the next three years, the firm said Friday. Ham’s nominatio...lly merging the systems of the two separate banks. From 2016, he took on double duty as vice chairman of the bank’s holding entity Hana Financial Group, mapping out the business strategy of the firm.

The Seoul High Court on Thursday temporarily suspended the punishment imposed by financial authorities on Hana Financial Group Chairman-nominee Ham Young-joo for improper sales of derivatives-linked products. The decision follows Ham’s move last week to file an appeal against a lower court’s ruling that found him guilty of the charges. The Seoul High Court accepted an injunction to delay the im...

...ngnae, Korea’s real estate startup platform, said Wednesday it has raised 25 billion won ($21 million) in Series A funding from US and Korean investors. Key investors include NFX, Daol Investment, Hana-Magna, Hana Financial Group, MetaProp, Fursys, Han River Partners, Flybridge, Maple, and WeWork co-founder Miguel McKelvey. “We plan to expand Dongnae branches in Seoul and in the Seoul metropolitan area, lik...

South Korean banks are notorious among foreign residents here seeking loans and other financial products for their stricter screening and frequent rejections compared to Korean customers. But they h...hat foreigners here could diversify their revenue sources. At the vanguard of the change is JB Financial Group, a more regional business compared to the four major commercial banking groups here -- K...

South Korea’s Hana Financial Group has recently submitted a bid of $2.6 billion to buy Premier football club Chelsea, in a consortium led by UK property magnate Nick Candy. Local reports on Saturday said that the consortium of Candy, Hana Financial Group and Korean sports management firm C&P Sports -- dubbed “The Blue Football Consortium” -- have become one of several bidders who expressed their...

...better understand customers and enable them to take advantage of services more easily, as local financial institutions step up efforts to digitalize their operations. Hana Bank, one of the five major...ationwide. The AI banker is part of broader digital efforts the bank’s parent company, Shinhan Financial Group, is undertaking, according to the official, who said the group’s credit arm is also foll...

...sees the chip business division, Roh Tae-moon, the mobile business chief, Lee Jeong-bae, the memory chip business chief, and Park Hak-kyu, president of management support -- were approved in a majority vote. Kan Han-jo, a financial expert who currently serves as chairman of Hana Financial Group Foundation, was named the board chairman, becoming the second external board member to assume the post.