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[THE INVESTOR] Citibank Korea CEO Park Jin-hei on June 15 made it clear the bank has no plans for layoffs or exit from the domestic market. “There will be no restructuring,” Park told reporters in ...
[THE INVESTOR] KakaoBank is in talks with Citigroup to provide international money transfer services, according to a Chosun Biz report on June 15. The banking unit of messenger app giant Kakao wi...
[ THE INVESTOR ] Foreign currency deposits held by banks in Korea rose in May, central bank data showed on June 15. Outstanding foreign currency deposits held by local banks, domestic and foreign,...
[THE INVESTOR] Three European financial firms -- Royal Bank of Scotland, Goldman Sachs International and BBVA -- have decided to halt banking services in Korea, joining a slew of foreign banks here ...
[ THE INVESTOR ] Korean securities companies have considerably reduced the number of their overseas branches over the past six years, data showed on June 13. Thirteen local brokerages had a combin...
[ THE INVESTOR ] The combined net profit of 162 investment advisory firms in Korea plunged 85 percent on year in the 2016 fiscal year, data showed on June 9. Competition was intensifying among inv...
[THE INVESTOR] Woori Bank is the oldest firm listed on South Korea’s stock market, data showed on June 6. Woori Bank, the fourth-largest commercial bank in South Korea in terms of market cap, is 1...
[ THE INVESTOR ] The “Chameleon” is Hyundai Card’s answer to convenient credit card use. Most people have five different cards in their wallet because each has its own special benefits. One may be...
[ THE INVESTOR ] Citigroup won’t withdraw its operations from Korea, Citibank Korea’s chief said. Citibank Korea “is here to stay and continue investments as necessary to achieve sustainable growt...
[ THE INVESTOR ] Korea’s diplomatic tensions with China may weigh heavily on their upcoming talks on extending the bilateral currency swap deal, the central bank said on June 5. China has taken a ...
[THE INVESTOR] The combined net profit of 79 savings banks rose 13.6 percent on-year in the first quarter, data showed June 2. Preliminary net profit of savings banks stood at 249.6 billion won (US$...
[THE INVESTOR] The capital adequacy ratio of banks and financial groups in South Korea improved in the first quarter of 2017 on the back of eased risk-weighed assets, data showed on May 31. On avera...
[THE INVESTOR] Korean banks saw their financial health improve slightly in the first quarter of this year, the financial regulator said on June 1. The average capital adequacy ratio of 17 commercial...
[ THE INVESTOR ] Korea‘s banking lobby group urged the government of President Moon Jae-in on May 29 to embrace deregulation of the banking industry and increase “flexibility” in the labor sector. ...
[ THE INVESTOR ] Loans extended to local businesses rose slightly in the first quarter on increased operating expenses and facility investments, central bank data showed on May 29. Outstanding cor...
This week's DECODED X
Apple to invest W3tr in LG’s OLED production
Samsung expected to continue record-breaking profit in Q3
Google mulls W600b funding for LG’s VR display chip
Kakao Bank bags over 300,000 accounts on 1st day
Kia sets up India unit ahead of debut
Amorepacific under FTC lens for unfair practices
Meritz Securities hires exec in 30s from Goldman Sachs
