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Tue, May 30, 2023 | 16:21

SC Bank Korea promotes high-interest Jaeil EZ Account

SC Bank Korea promotes high-interest Jaeil EZ Account

Standard Chartered (SC) Bank Korea is running a promotional event offering high-interest returns for new customers who open a Jaeil EZ Account by the end of May. The bank offers an annual interest rate of up to 3.6 percent on a pre-tax basis, even if account holders deposit money for just a single day.

Lee Yeon-woo | 2023-05-29 15:40

Mirae Asset holds ETF Rally 2023 for global expansion

Mirae Asset holds ETF Rally 2023 for global expansion

Mirae Asset Global Investments has reaffirmed its strong determination to strengthen its brand identity in the global exchange-traded fund (ETF) market. A group of 70 top-level executives of its overseas branches took part in the firm's ETF Rally 2023 event for three days from May 22. As of the end of April, Mirae Asset operates ETF businesses worth 121 trillion won ($91.1 bi...

Lee Min-hyung | 2023-05-28 16:20

Concerns grow over KEPCO's credit rating

Concerns grow over KEPCO's credit rating

International credit rating agency Moody's has recently downgraded the baseline credit assessment (BCA) of Korea Electric Power Corp. (KEPCO). It moved from Baa2 to Baa3, which is the lowest within the agency's investment grading system.

Lee Yeon-woo | 2023-05-28 16:13

Woori nominates new CEO to lead group's banking arm

Woori nominates new CEO to lead group's banking arm

Woori Financial Group announced on Friday that it nominated Woori Financial Capital CEO Cho Byung-kyu as the next leader of the group's flagship affiliate Woori Bank.

Yi Whan-woo | 2023-05-26 16:57

Seoul Guarantee Insurance set to go public as first state-run firm in 13 years

Seoul Guarantee Insurance set to go public as first state-run firm in 13 years

In a move to officially kick-start its IPO process, Seoul Guarantee Insurance (SGI) aims to submit a preliminary evaluation application to the Korea Exchange (KRX) in June. The company announced earlier this week that its plan to submit the preliminary IPO application next month will not change, unless a major market shift occurs.

Anna J. Park | 2023-05-26 15:39

Woori Bank announces shortlist of CEO candidates

Woori Bank announces shortlist of CEO candidates

Woori Financial Group announced its shortlist of candidates for the head position of Woori Bank on Thursday afternoon. According to the financial group, the group's executive recommendation committee named two candidates ― Lee Seok-tae, the bank's executive vice chief heading domestic business, and Cho Byung-kyu, Woori Financial Capital's incumbent CEO.

Anna J. Park | 2023-05-25 16:26

Large-cap tech shares rally after BOK's rate freeze

Large-cap tech shares rally after BOK's rate freeze

Korea's major large-cap tech stocks extended a sharp rally, Thursday, buoyed by foreign investors' mass-buying spree, after the Bank of Korea (BOK) announced its widely anticipated decision to freeze its key rate. The latest monetary decision kept the interest rate gap between Korea and the United States unchanged at a historic high of 1.75 percentage points, but this has not...

Lee Min-hyung | 2023-05-25 16:25

Korea eyes closer partnership, new investment opportunities with AIIB

Korea eyes closer partnership, new investment opportunities with AIIB

Korea wishes to expand ties with the Asian Infrastructure Investment Bank (AIIB) and find new joint project opportunities, the first vice finance minister said Thursday.

2023-05-25 15:23

K bank enters car loan market with Deutsch Motors

K bank enters car loan market with Deutsch Motors

Following its previous expansion into credit and mortgage loans, K bank is now entering the car loan market in collaboration with Deutsch Motors. This marks the first time an internet-only bank has taken such a step in Korea.

Lee Yeon-woo | 2023-05-24 15:48

Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul

Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul

Two banking group chairmen, Jin Ok-dong of Shinhan and Ham Young-joo of Hana, participated in a regional roundtable hosted by the U.N. Environment Programme Finance Initiative (UNEP FI), a coalition body between the United Nations Environment Programme (UNEP) and global financial services companies, in Seoul, Wednesday.

Yi Whan-woo | 2023-05-24 15:15

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