Korea
Hana’s KEB takeover deal temporarily put on hold
The FSC plans to end the Lone Star chief Paul Yoo’s stock manipulation case within the month.
Hana’s KEB takeover deal temporarily put on hold
The FSC plans to end the Lone Star chief Paul Yoo’s stock manipulation case within the month.
Kookmin Bank readies block sale of parent’s stake
Yet reports said private placement was possible rather than a block deal for the lender to unload its stake in its parent by September.
Suspended Korean savings banks to be sold
Korea’s deposit insurance agency will put most of the seven suspended savings banks up for sale. This is part of Korea's efforts to revamp the ailing financial segment.
Woori hungry for more savings banks acquisitions
The lender plans to buy one to two additional savings banks to tap microcredit finance business.
Kookmin Bank sells 0.65% of parent company’s stake to Sumitomo Mitsui
The Korean lender offered 2.5mn shares in KB Financial to Sumitomo at $50.53 per share.
KB Kookmin Card to tap college student market
The company aims to capture debit card leadership through Kookmin Bank’s Rock Star Zone.
Woori Bank names Lee Soon-woo CEO
The bank’s selection committee chose its vice-president to help acceleration of bank’s stalled privatization.
StanChart Korea to shut down 27 branches
The lender assures no job cuts despite closures as it streamlines operations as it faces escalating competition.
Banknetvn and Korea's KFTC ink ATM service deal
Banknetvn and Korea Financial Telecommunications & Clearings Institute will have an inter-border ATM service connection.
South Korea regulator urged to scrap Hana-KEB deal
Supreme Court’s recent ruling and labor union protests threaten to veto the merger.
Hana picks Yun Yong-ro as KEB CEO
Former Financial Services Commission vice chairman and Securities & Futures Commission chairman will still have to win approval from the board.
Woori Bank to choose president from 6 bets
The group said the selected president to be approved by the board in mid-March.
Woori Finance hunts for more savings banks
The lender seeks to merge them with Samhwa to nurture a consolidated savings bank with an asset size of up to US$2.7bn.
Ex-IBK president recommended to head KEB
Yun Yong-ro, ex-president of the Industrial Bank of Korea, has been recommended to head KEB, a Hana Financial spokesman said.
Korea's deposit insurer borrows money from banks
South Korea's state deposit insurer took out commercial bank emergency loans, according to a Yonhap News Agency report.
KB Kookmin Card aims to top competition
The bank will set eyes on product diversity and convergence with telecom sector.
Woori to expedite savings bank takeover
Woori Finance will expedite its rescue of a Samhwa Mutual Savings Bank. It intends to and resume the operations of the said mid-sized savings bank as early as this month.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking