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Kakao Bank is preparing for its biggest overseas test yet. The launch of its Thai virtual bank venture, Bank X, marks a shift from investor to operator for Korea's largest internet-only bank. Unlike its previous overseas investments, Kakao Bank is taking responsibility for designing and developing the digital bank's mobile platform and services, making it the most hands-on role it has assumed in an overseas venture. "We think the launch will probably take place late this year or early next year,
Hana Bank said Friday it has opened a branch office in the Subic Special Economic Zone northwest of Manila, aiming to strengthen its presence in Southeast Asia and support growing demand from Korean companies operating in the region. The move comes as HD Hyundai Heavy Industries ramps up operations at the former Subic shipyard, which resumed full-scale production in the second half of 2025 after a major facility overhaul. The company plans to turn the site into a key Southeast Asian production h
As more aging founders of small and midsized companies in South Korea struggle to find heirs willing to take over, business succession is moving beyond inheritance tax planning into a broader challenge of building the financing, valuation and governance structures needed to keep viable firms alive, said Yoon Seong-hoo, general manager at Woori Bank's Corporate Succession Support Center. "Family succession remains the first choice for most business owners," Yoon said in a recent interview with Th
Mirae Asset Group Founder and Global Strategy Officer Park Hyeon-joo has outlined a new vision for the asset management giant's next stage of growth, betting that artificial intelligence, digital assets and innovative investment products will reshape the future of wealth management. Speaking at the Mirae Asset Rally 2026 held in Hongcheon, Gangwon Province, Park unveiled what he called "Mirae Asset 3.0," a strategy aimed at connecting the group's ETF business, AI-powered wealth management capabi
Woori Bank is pushing into corporate succession for small and medium-sized companies as a new banking frontier, casting it as an economic issue tied to jobs, technology and supply chain stability as Korea's first-generation founders age without clear successors. At a press conference Monday in Seoul, CEO Jung Jin-wan said the bank would support what it calls "productive corporate succession" to prevent viable companies from closing or downsizing. "Corporate succession is not just a priority for
Hana Financial Group hosted the Hana Financial Money Show on Thursday, a group-wide wealth management seminar showcasing integrated asset management solutions from across its banking, securities and insurance affiliates. The event marked the first time the group's affiliates had come together to host a joint seminar on asset management. While such events had previously been organized separately by each affiliate, this year's seminar brought experts from the group together under one roof. The gro
Woori Bank has opened an Asia headquarters in Singapore as the South Korean lender strengthens its corporate finance and investment banking business across the region. The commercial banking unit of Woori Financial Group said Friday it held an opening ceremony Tuesday in Singapore, officially launching a regional hub in one of Asia's main financial centers. The headquarters, first set up in January, will oversee seven Asian operations, including branches in Singapore, Hong Kong, Tokyo and Sydney
Hana Financial Group unveiled a new inclusive finance roadmap Thursday for small-business owners and low-credit customers, with measures including 3 trillion won ($2 billion) in loans and debt relief for long-term delinquent borrowers. The roadmap centers on three goals: narrowing financial disparities, helping vulnerable borrowers regain financial independence and expanding infrastructure for inclusive finance. Under the plan, Hana Bank will launch a loan product in June for low- and mid-credit
Naver said Thursday it will invest 1 trillion won ($663 million) over the next five years to strengthen its creator ecosystem, betting that user-generated content will become a key asset in the next phase of artificial intelligence services. “The center of competition among AI platforms is moving toward data quality and service competitiveness,” Chief Data and Contents Officer Kim Kwang-hyun said at the company’s media roundtable in Seoul. “Naver’s independent content ecosystem, built over more
Hana Financial Group said Wednesday it is launching a comprehensive support program aimed at helping people with disabilities build sustainable and independent lives. The number of people with disabities is growing in Korea, with the program centered on five areas: Rehabilitation, education, housing and welfare, employment and financial services. Hana Financial officially launched the initiative with a donation ceremony Tuesday at its headquarters in Myeong-dong, central Seoul. The group said th
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