Korea
S&P not keen on Hana Bank's acquisition of KEB
The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.
S&P not keen on Hana Bank's acquisition of KEB
The ratings company saw risk on the company's financial health as it may be adversely affected due to takeover of KEB from Lone Star Funds.
Hana likely to get nod for KEB takeover in March
South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.
Woori Bank to set up 4 new branches in emerging nations
The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.
Talks on KDB-Bank Panin $1bln deal fail
Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.
Moody's: Korea's MSB problems minimally affects commercial banks
Moody's believes that distress among Korean mutual savings banks will have a minimal impact on Moody's-rated commercial banks in Korea.
Woori Finance to acquire Samhwa Mutual Savings Bank
KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.
Hana Financial wraps up financing for KEB takeover
Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.
Korea's watchdog to support ailing savings banks
South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.
Four more Korean savings banks suspended
South Korea's financial regulator on Saturday suspended operations of four savings banks, including three affiliates of the country's largest savings bank, Busan Savings Bank. It cited concerns over liquidity shortage.
Woori Bank to select new head
Woori Finance Holdings will select a new chief of Woori Bank as it wraps up the nomination to lead the group's chairmanship.
KB Financial approved for credit card unit spinoff
South Korea's financial watchdog approved KB Financial to spin off credit card operations from its flagship Kookmin Bank.
Shinhan Financial nominates Han Dong-woo as CEO
Public management scandal forced bank to pick former vice chair as new chief executive.
Woori Finance nominates Lee Pal-seung for another term
Changing Lee could make matters worse for Woori, which is in the process of divesting 57% of its shares for privatization.
Major Korean banks bid for troubled Samhwa
South Korea's three major banking groups have submitted bids for a troubled mid-sized savings bank.
Woori keen on M&As of Southeast Asia banks
The bank excluded China in moves as it does not allow foreign financial companies to have management rights.
Hana to sell shares for KEB takeover
Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.
IBK net income up 5.3% on improved lending
Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.
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