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April 07, 2022
S. Korean banks eye trust fund market amid aging society
...s through trust funds, which give grantors more legal power to manage their wills. On Wednesday, Hana Bank, one of the top four commercial lenders here, rolled out a trust fund that allows grantors t...4.48 million out of some 50 million Koreans who have pets, according to a report com...
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April 01, 2022
S. Korea’s crypto market on path to gain more legitimacy
...ear in terms of the combined size of the accounts held by five major crypto exchanges, watchdog Financial Supervisory Service data submitted to a lawmaker here showed Thursday. Of the total, investors...ket. The KFB’s most notable members include the top five commercial banks -- KB Koo...
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March 29, 2022
Banks raise loan limits as household debt growth curbs
...s have started raising the maximum amount consumers can borrow under a loan to the level before financial regulators intervened to curb the nation’s household debt growth. The move comes as the natio...cently shown signs of slowing down. As of Monday, the top four banks here – KB Ko...
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March 28, 2022
KT shares hit 1-year high
...t. This buoys investor confidence in KT, analysts said. “A shareholder protection process is now being announced, as we expect significant benefits from the carve-out,” Kim Hong-sik, an analyst at Hana Financial Investment, noted Friday. KT’s shareholders meeting will rev...
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March 28, 2022
New Hana Financial chief vows to put firm on the map
The new chairman of Hana Financial Group on Sunday pledged to help the group become Asia’s top financial company by improving its global profile, nonbanking investment and digital finance. “At this time when the financial industry is at an inflection point...
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March 27, 2022
Ham Young-joo named new chairman of Hana Financial Group
Shareholders of Hana Financial Group have officially elected Vice Chairman and sole chairman-nominee Ham Young-joo to lead the company for the next three years, the firm said Friday. Ham’s nomination was supported by the majority of the shareholders at Hana including...
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March 25, 2022
Court temporarily suspends punishment imposed on Hana chairman-nominee
The Seoul High Court on Thursday temporarily suspended the punishment imposed by financial authorities on Hana Financial Group Chairman-nominee Ham Young-joo for improper sales of derivatives-linked products. The decision follows Ham’s move last week to file an appea...
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March 24, 2022
Dongnae raises W25b in Series A funding
...ngnae, Korea’s real estate startup platform, said Wednesday it has raised 25 billion won ($21 million) in Series A funding from US and Korean investors. Key investors include NFX, Daol Investment, Hana-Magna, Hana Financial Group, MetaProp, Fursys, Han River Partne...
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March 22, 2022
Korean banks expand financial services for foreigners
South Korean banks are notorious among foreign residents here seeking loans and other financial products for their stricter screening and frequent rejections compared to Korean customers. But they h... more regional business compared to the four major commercial banking groups here -- KB...
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March 21, 2022
Hana Financial Group joins $2.6b bid to buy Chelsea FC
South Korea’s Hana Financial Group has recently submitted a bid of $2.6 billion to buy Premier football club Chelsea, in a consortium led by UK property magnate Nick Candy. Local reports on Saturday said that the consortium of Candy, Hana Financial Group an...
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March 21, 2022
Banks use AI to enhance customer experience
South Korean banks are embracing artificial intelligence to better understand customers and enable them to take advantage of services more easily, as local financial institutions step up efforts to digitalize their operations. Hana Bank, one of the five major banks here, said F...
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March 15, 2022
What to expect from Samsung’s shareholder meeting
...and shareholders’ rights” for the reason behind this this move, without further elaborating. The NPS also said it would vote against two nominees for outside board seats –- Kim Han-jo, chairman of Hana Financial Foundation, and Kim Jong-hoon, CEO of Kiswe, a video tech sta...
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March 14, 2022
Legal hurdle cleared for Hana vice chief to seek chairmanship
Hana Financial Group Vice Chairman Ham Young-joo has been cleared of any wrongdoing in the flagship bank’s hiring scandal, removing a major hurdle for him to take the reins of one of the biggest fina...ntity Hana Financial Group, mapping out the business str...
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March 11, 2022
Banks concerned over Yoon‘s pledge to move headquarters out of Seoul
South Korea’s large financial companies are in agony over President-elect Yoon Suk-yeol’s election pledge to relocate several bank headquarters outside Seoul. In the weeks leading up to Wednesday’s ...rea, KDB and Export-Import Bank of Korea -- and four major commercial banks -- KB Ko...
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March 10, 2022
No. of female outside board members at large companies grows, but few CEOs
...est among Naver’s women executives. Kakao and KT have also named women CEOs, Chung Shin-a and Kim Chul-yeon, respectively. Both Chung and Kim are their company’s first female CEOs. The nation‘s financial sector also welcomed only two women to the top bankers’ club this year. Shi...
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March 07, 2022
Hana chief becomes highest-paid banking CEO in 2021
Hana Financial Group Chairman Kim Jung-tai was the highest-paid banking CEO in the country last year, taking home an annual salary of 2.4 billion won ($1.98 million), according to annual reports file... with KB Financial Group Chairman Yoon Jong-kyoo ranking No. 2 with...
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March 02, 2022
Hana appoints first female CEO of affiliate
South Korea’s Hana Financial Group has appointed its first female CEO for an affiliate, under an executive reshuffle carried out in line with the nomination of its new Chairman Ham Young-joo. On Monday, Hana said it had tapped Roe Yu-joung, executive director at its ...
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February 28, 2022
Market regulators, banks mull Ukraine contingencies
South Korea’s financial regulators have begun drafting contingency arrangements, such as ramping up market monitoring and reading market stabilization funds, to grapple with the impact of the Russia-...ed risky. Meanwhile, local banks are scrambling to assess the impact of the Ukraine c...
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February 27, 2022
Hana partners with KAIST to boost scientific approach toward carbon neutrality
South Korea’s Hana Financial Group has partnered up with the nation’s top university in science and technology to bolster the scientific approach toward achieving carbon neutrality by 2050. On Thurs...ue in the global society, commercialization of the future carbon technology...
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February 27, 2022
Korean youths flock to state-backed savings account
...s applicants to submit a monthly payment of 500,000 won for a 2-year term with an annual yield of some 10 percent. The product is sold via major commercial banks here including KB Kookmin, Shinhan, Hana, Woori and NongHyup until March 4. The rare high yield savings account is backed by...