Korea
Woori union opposes privitization
The labor union of Woori vowed to launch a general strike if the government continues plans to sell it to another banking group.
Woori union opposes privitization
The labor union of Woori vowed to launch a general strike if the government continues plans to sell it to another banking group.
Woori Finance's net up 33% in Q1
Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.
Korea to attempt Woori sale for the 3rd time
The South Korean government is attempting for the third time to unload its holding Woori Finance Holdings.
HSBC sells Korean retail operations
HSBC’s international restructuring has hammered its operations in South Korea.
S.Korean banks reluctant to lend households
South Korean banks are reluctant to lend households in the second quarter due to their weaker capability to repay debts.
Bad debt ratio of Korean banks up in Feb
The bad debt ratio for loans extended by Korean banks rose in February.
BCBS accepts S. Korea's monetary stabilization deposit proposal
The BCBS accepted South Korea's proposal to ease monetary stabilization account deposit rules that can reduce the burden on lenders.
South Korea to probe bank loans
South Korea's central bank will evaluate loans extended by major banks to households and firms in a bid to ensure financial stability.
Woori Bank raided over lending irregularities
Police raided the headquarters of Woori Bank on suspicionof irregularities and bribe taking in exchange for giving massive loans for a resort project.
Lone Star to challenge $348M tax on KEB sale
Lone Star is reviewing measures to challenge a US$348 million withholding tax on its sale of Korea Exchange Bank to Hana Financial.
Only 5 players dominate South Korean banking: data
Only five groups are dominating South Korea's banking industry, industry data showed.
Hana Financial taps Hana Bank CEO as its new chairman
Hana Financial Group has selected the head of its flagship lender to become the new chairman.
Outlook rosy for South Korea's financial groups: analysts
Analysts forecast that South Korean financial services groups will post robust earnings this year.
IBK's earnings dip 73 % to $33M in Q4
Increase in loan-loss provisions caused IBK's fourth-quarter earnings to go down by 73 percent from one year ago.
Korea Eximbank forms consultative body with 5 Chinese banks
Korea Eximbank will form a consultative group with five Chinese banks to help Korean firms win large overseas projects.
Company logos may now appear on Maybank Singapore credit card
Maybank Singapore became the first bank to include an option for companies to feature their company logo and name on a business credit card.
South Korea household loans down in January to $405M
Household loans in South Korea went down to US$405 million in January from US$2.49 billion December due to sluggish housing market.
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