Korea

The protest of about 3,000 union members against a scheme determining compensation based on individual performance comes as the lender struggles to compete with local rivals.

BC Card will file a complaint against Visa with the Fair Trade Commission over its unfair transaction activities by end-June.

FSC withdraws proposal to legally ease bank ownership regulations, signaling death of Woori’s stake sale.

Stake sale in danger of collapse anew as FSC vice chairman said the regulator to forgo plan to ease ownership rules.

Fitch says non-bank financial institutions will likely be more affected by it.

A lawyer for LSF-KEB Holdings SCA, which holds Lone Star's stake in KEB, said the fund had not deliberately manipulated KEB unit’s stock prices.

Employees demand that the lender should cease adoption of an incentive-based salary system, which is seen to cut salaries by as much as 46%

Setback in $240mn Hanmi takeover seen to affect Woori's plans for overseas expansion.

FSC takes note of financial investors’ concern that the formation of a giant state bank could reverse competitiveness of South Korea’s banking sector.

FSC’s sanction on the group’s brokerage and banking units may push the regulator to bar Hana’s KEB prospects.

The FSC to ease current rules that require a financial holding company to bid for at least 95% of a target holding company to combine their businesses.

Hana to take over stake from Lone Star and possibly from the Export-Import Bank of Korea.

Governor Kim warns of another rate hike in the third quarter.

The strategic alliance of two lenders enables parties to cross-sell products, step up global co-operation and sharing of information among the two lenders' subsidiaries.

A former top financial regulator was questioned for his alleged involvement in Korea's savings bank scandal.

South Korea's Woori Finance has signed a preliminary agreement for strategic partnership with China's Bank ofCommunications.