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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Regulator gives preliminary approval for Hana Bank-KEB merger
By KH디지털2Published : July 22, 2015 - 17:03
South Korea's top financial regulator on Wednesday gave preliminary approval for the merger of two flagship banks of Hana Financial Group Inc., the country's third-largest banking group by assets.
Hana Financial has tried to merge Hana Bank and Korea Exchange Bank since it acquired KEB from U.S. buyout fund Lone Star in 2012. Its efforts have dragged on for years as the KEB's union had strongly opposed the merger until recently, citing Hana's earlier promise to keep it independent.
The Financial Service Commission said in its regular meeting it approved the merger of the two commercial banks. (Yonhap)
