Korea
Korea Development mulls bidding for Siam City
Move is KDB's response to Korean President's pressure to boost competency of state-owned banks by privatisation.
Korea Development mulls bidding for Siam City
Move is KDB's response to Korean President's pressure to boost competency of state-owned banks by privatisation.
South Korean regulator considers suing Kookmin Bank
Bank apologizes and promises punishing those involved in leaking of memo regarding a regulatory investigation.
Korean banks can expect higher profits this year
Measures taken by the government and central bank proved to be successful in hampering NPL growth.
Kookmin Bank head declines KB Financial chief nomination
Kookmin Bank head refuted speculations that his resignation was due to government pressure.
South Korean banks reveal 2010 plans
Big lenders are readying for fresh challenges as economy rebounds from crisis.
South Korean regulator to police loan-deposit ratios
Lenders are barred from lending more than the amount they receive to manage their liquidity risks.
New Stanchart CEO in Korea keen on expansion
Newly-appointed SC First Bank chief Richard Hill will invest $100 million in the next two years.
Samsung Group launches microcredit bank
The bank handles $257.12 million in funds and is geared to expand with five branches.
Kookmin Bank’s CEO promoted as KB Financial’s chair
Kang Chung-won appointment pushes through despite allegations of bias by other candidates.
Korea Deposit Insurance sells 7% of Woori stake
The goal of privatising Woori pushed KDIC to a $751.4 million stake sale on Tuesday.
Citibank Korea rated on own profile
Standard & Poor's no longer incorporates an uplift on Citibank Korea Inc and rated it on its stand-alone profile.
Korea Exchange Bank pursued by other banks
As economy improves, CEOs of other South Korea banks are eyeing to merge with KEB.
Hana Bank's ringgit notes get 'A'
Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.
Woori, Citibank Korea cope with hefty bad loans
The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.
StanChart funds renewable energy projects in Korea
As part of its dedication to its sustainability movement, Standard Chartered will finance renewable energy projects in Korea.
South Korean banks drop barriers in private banking market
Woori, Shinhan, and Korea Exchange banks are lowering the barriers for their private banking services to win back potentially more affluent customers.
Bank of Philippine Islands, World Bank advances in energy loan program
BPI aims to augment its lend to sustainable energy projects by another $106,000.
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