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A model holds an ad for Woori Bank’s ISA installment savings account.(Photo:Woori Bank)
Woori Bank started to sell the ISA products, joining forces with a savings bank named, “ISA Deposits and Installment Savings with Savings Bank” for the first time as a nationwide commercial bank in Korea.
On…
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President Kwon Seon-joo of Industrial Bank of Korea.(Photo:IBK)
The Korean version of tax-efficient savings accounts, which benchmarked a U.K. scheme, went on sale March 15. The government hopes it will boost household wealth amid a rise in “floating money” prompted by low interest rates and unce…
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Chairman Hwang Young-key of Korea Financial Investment Association.
Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said private funds have been leading the growth of the fund market, whose value is estimated at 500 trillion won. At the same time, public funds have no…
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Chairman Yoon Jong-kyoo of KB Financial Group.(Photo:KB Financial)
Competition among South Korean banks and brokerages is heating up to sell new individual savings account (ISA) products, with some banks offering cash gifts or preferential interest rates well above the market average to woo more cu…
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The participants in the KODIT Global Forum on SME Finance held on May 12 on the occasion of its 40th anniversary hold hands during the seminar in a photo session at Lotte Hotel in downtown Seoul including Chairman Suh Geun-woo of Kodit, 4th R, in front row. (Photo:KODIT)
Korea Credit Guarantee Fund…
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Chairman Yoon Jong-kyoo of KB Financial Group.
KB Financial Group is already reaping benefits from the planned acquisition of Hyundai Securities, as its share price rose as soon as it was named as the priority bidder on March 31.
Although the takeover bid drew criticism from some quarters of the s…
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President Lee Kwang-goo of Woori Bank.
Woori Bank, South Korea's second-biggest bank by assets, on May 4 announced that it posted a 52 percent jump in first-quarter net profit from a year earlier on improved margins and lower costs.
For the three months ended March 31, Woori Bank's net profit soar…
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Shinhan Card President Wi Sung-ho, right, holds an agreement signed with President Ganzorig ULzilbayar of Golomt Bank of Mongolia on cooperation on Big Data between the two financial institutions on May 11 in Seoul. (Photo:Shinhan Card)
Online fund sales based on around 2 trillion won worth of poin…
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SKT Light Installment KB Kookmin Card KT Super Installment KB Kookmin CardLG U+ Light Installment KB Kookmin Card.
KB Kookmin Card recently introduced three types of credit cards that can be used when purchasing communication equipment, and can give buyers a number of benefits including instal…
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Chairman Park Hyun-joo of Mirae Asset Group. (Photo:Mirae Asset)
Mirae Asset Daewoo Securities will merge with Mirae Asset Securities on Nov. 1, with Chairman Park Hyeon-joo taking over as the chairman and CEO of the newly merged securities firm. The boards of the two firms approved the merger, whi…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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