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Fri, September 22, 2023 | 23:55

K bank posts 41.4 percent jump in quarterly net profit in Q2

K bank posts 41.4 percent jump in quarterly net profit in Q2

K bank has achieved a net profit of 14.7 billion won ($11 million) during the second quarter of this year, due mainly to expanded business operations as well as diversified loan portfolios.

Anna J. Park | 2023-08-14 16:53

Hana joins hands with financial watchdog to nurture young digital experts

Hana joins hands with financial watchdog to nurture young digital experts

Hana Financial Group and the Financial Supervisory Service (FSS) are co-hosting the second edition of a project aiming to foster young workers skilled in digital technologies after successfully completing the first edition last month, the banking group said Sunday. Also joined by Google Korea, Amazon Web Services Korea, Microsoft Korea and SK Telecom, the Hana Digital Power O...

Yi Whan-woo | 2023-08-13 16:51

Bank CEOs may face liability for lax internal controls

Bank CEOs may face liability for lax internal controls

Commercial bank CEOs could face liability if their companies are caught committing forgery, embezzlement and other financial crimes, all of which have been rampant lately in the banking industry, according to financial industry officials, Sunday.No bank CEOs have so far been held accountable for the above-mentioned crimes. Frustratingly, few of the CEOs have succeeded in find...

Yi Whan-woo | 2023-08-13 16:16

EcoPro joins MSCI Korea Index

EcoPro joins MSCI Korea Index

EcoPro joined the much-sought-after MSCI Korea Index, Friday, rekindling hopes for additional foreign capital inflow to the red-hot secondary battery materials producer.

Lee Min-hyung | 2023-08-12 08:33

Watchdog raids Kakao founder's office on suspicion of stock manipulation

Watchdog raids Kakao founder's office on suspicion of stock manipulation

The Financial Supervisory Service (FSS) raided the office of Kakao founder Kim Beom-su, Thursday, for his alleged involvement in stock manipulation. Kim and some other members of Kakao's top management are suspected of having manipulated the price of SM Entertainment shares early this year. Back then, the mobile platform operator was involved in a dispute with HYBE to secure ...

Lee Min-hyung | 2023-08-10 19:19

Hana, Incheon, FSS to support small companies' ESG efforts

Hana, Incheon, FSS to support small companies' ESG efforts

Hana Financial Group signed a memorandum of understanding (MOU) with Incheon Metropolitan City and the Financial Supervisory Service (FSS) to support small and medium-sized enterprises (SMEs) with environmental, social and corporate governance (ESG) efforts.

Yoon Ja-young | 2023-08-10 15:51

Banking industry loses trust due to illicit activities of some employees

Banking industry loses trust due to illicit activities of some employees

Amid a sharp drop in public trust sparked by the unethical behavior of some bank employees, DGB Daegu Bank is facing scrutiny for allegedly forging customer documents in order to open up accounts. Such impropriety has raised serious concerns about the industry's apparent lack of effective internal controls, further eroding trust in the banking industry.

Lee Yeon-woo | 2023-08-10 15:44

KB workers accused of making $9 mil. in unfair profits using confidential information

KB workers accused of making $9 mil. in unfair profits using confidential information

KB Kookmin Bank employees and their acquaintances allegedly made 12 billion won ($9.6 million) in illicit profits by stock trading using confidential information, financial authorities said Wednesday.

Lee Yeon-woo | 2023-08-09 19:49

Kiwoom Securities reports double-digit earnings growth

Kiwoom Securities reports double-digit earnings growth

Kiwoom Securities reported a net profit growth of 70.5 percent in the first half of 2023 from a year ago, on rising stock trading commission revenues driven by retail investors snapping up secondary battery shares.

Lee Min-hyung | 2023-08-09 19:11

Samsung heiresses pay inheritance tax with secured loans

Samsung heiresses pay inheritance tax with secured loans

Three heiresses of late Samsung chief Lee Kun-hee took out more bank loans to pay massive inheritance taxes by putting up their respective shares in the company as collateral, according to a business think tank, Wednesday.

Yi Whan-woo | 2023-08-09 16:06

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