Korea

CIMB launches investment banking and brokerage business in Korea

CIMB is the first ASEAN firm to be granted its brokerage license via application.

South Korean banks hit by destructive cyber attack

China identified as most likely source of massive cyber assault.

5 investment themes on Shinhan Financial Group

Earnings growth outlook is tepid for 2013.

Smartphones propel mobile banking in South Korea

Bank of Korea said 37 million persons signed up in 2012.

StanChart Korea finds itself in hot water

Three state regulators took turns putting the squeeze on Standard Chartered Bank Korea.

S.Korean banks told to support risky debtors

South Korea wants to prevent bank customers from becoming credit delinquents via a pre-workout program.

Korea suspends 2 more savings banks

South Korea suspended the operations of two more savings banks.

ING to sell stake in Korea's KB Financial

ING is looking to divest several businesses in Asia, including its stake in KB Financial.

Korean bank loans to self-employed up in 2012

Bank loans to South Korea's self-employed reached 173.5 trillion won at the end of 2012.

5 investment positives for KB Financial Group

Find out why 2013 will be a good year for KBFG.

Citibank Korea faces sanction for irregular transactions

Citibank Korea will be reprimanded for having been negligent in consumer protection.

Ex-Shinhan chief gets probed again

Former Shinhan chairman Ra Eung-chan is under investigation for his alleged embezzlement into a slush fund.

S. Korea uncovers hacking scheme to steal bank certificates

A large-scale hacking scheme caused the loss of personal financial transaction information of bank clients.

South Korea's credit card spending up 13.5% in 2012

An increase in employment and consumer prices increased South Korea's credit card.

Korea's Hana Financial suffers Q4 net loss

Hana Financial posted a net loss of 66 billion won or US$60.6 million in the October-December period.

KB Financial Q4 net dips 2.42% on falling margins

Weaker profit margins and interest income pulled KB Financial's fourth-quarter earnings down from a year ago.