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[News Focus] Korean banking giants accelerate steps for M&As in nonbanking sectors

South Korea’s major banking groups are actively seeking mergers and acquisitions to expand their nonbanking business, in an effort to diversify incomes in light of volatilities in the main banking se...

Feb 14, 2019
Finance
Nonghyup Financial logs record-high profit in 2018

Nonghyup Financial Group Inc. said Thursday its net profit reached an all-time high last year, surpassing the 1 trillion won ($888.9 million) mark for the first time. Net profit of the financial gro...

Feb 14, 2019
Finance
Foreign investors turn attention to Kosdaq

South Korea’s tech-heavy secondary bourse Kosdaq has been buoyed in recent weeks by foreign investors’ increased interest in the nation’s biotech and pharmaceutical sectors. According to the nation’...

Feb 13, 2019
Finance
Visa to open innovation center in Korea as part of global fintech push

Global credit card giant Visa is planning to open a new innovation center in South Korea as it seeks to expand partnerships with local financial technology startups to develop the next generation of ...

Feb 13, 2019
Finance
Korea's 4 major banking groups log record net profit in 2018

Shinhan Financial regains No. 1 banking group title, overtaking KB Financial

Feb 12, 2019
Finance
NPS pressure to expand dividends draws mixed reactions

With the National Pension Service apparently determined to pressure companies with “stingy” dividend policies to change their ways, investors are viewing it as an opportunity to seek out new targets ...

Feb 12, 2019
Finance
S. Korea seeks to build legal frame for fast-growing P2P lending market

Market regulators call for exclusive regulations for new fintech sector

Feb 11, 2019
Finance
Shinhan Group partners with Toss for internet-only bank foray

Shinhan Financial Group has decided to form a consortium with Viva Republica, the operator of the popular mobile payment app Toss, to enter South Korea’s internet-only bank business, the financial ho...

Feb 11, 2019
Finance
Woori Bank’s net profit surges 33% in 2018

Woori Bank, a major South Korean commercial lender, said Monday its net profit for 2018 soared 33.34 percent from a year earlier on the back of growth in interest income. Net profit came to 2.04 tr...

Feb 11, 2019
Finance
Lotte Capital to start preliminary bidding process Tuesday

The preliminary bidding for Lotte Capital, the loan services unit of Korean-Japanese conglomerate Lotte Group, takes place Tuesday, with the country’s major banking groups and private equity funds ex...

Feb 11, 2019
Finance
IMF, World Bank to visit S. Korea for financial system assessment

Officials from the International Monetary Fund and the World Bank will visit South Korea this week for a regular assessment of the nation's financial system, officials said Monday. The IMF and World...

Feb 11, 2019
Finance
Banks turn to employees to break the mold

Leading banks seek to nurture in-house ventures, amid slowing business and intense rivalry from fintech players

Feb 10, 2019
Finance
[News Focus] Anticipation grows for Korea’s 3rd internet bank

Prospective license seekers range from BGF Retail and WeMakePrice to Kiwoom Securities and Kyobo Life Insurance

Feb 10, 2019
Finance
Brokerage firms suffer negative earnings surprise in Q4

Major brokerage firms reported worse-than-expected earnings in the fourth quarter of last year, with analysts citing increased market volatility coupled with a slump in the nation’s equity-linked sec...

Feb 10, 2019
Finance
KB Financial’s net profit falls 7.3% in 2018

KB Financial Group, a major South Korean banking group, said Friday its net profit declined 7.3 percent on year in 2018, hit by outlays related to job cuts. Net profit stood at 3.06 trillion won (U...

Feb 8, 2019
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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