The Korea Herald

Shinhan Bank to accept passports as ID method for contactless services

Dec 29, 2020

Shinhan Bank will accept passports when verifying the personal identification of its mobile customers, as part of its efforts to expand access to the bank’s contactless services to foreign and younge...
[Photo News] BTS stars in KB Kookmin's ad for Indonesia

Dec 28, 2020

KB Kookmin has been expanding its presence in Indonesia in recent years and has so far acquired a 67 percent stake in Bank Bukopin, making it the largest shareholder. By Jung Min-kyung ( mkjung@her...
S. Korea needs to brace for spread of China’s digital currency: experts

Dec 27, 2020

Experts call for measures and laws by government and local banks, as China seeks to globalize digital yuan
IBK partners with Naver’s cloud platform for fintech innovation

Dec 23, 2020

The Industrial Bank of Korea joined hands with a platform operated by Naver’s cloud affiliate for digital innovation and development of fintech services, the state-run bank said Wednesday. The new p...
Korea to launch 1st tranche of New Deal policy fund by March

Dec 23, 2020

The South Korean government is poised to launch the first batch of its 20 trillion-won ($18 billion) government policy fund aimed at supporting Korean New Deal projects by March, the Finance Minister...
Korean millennials say buying a house is difficult using only income

Dec 23, 2020

Amid soaring house prices, seven out of 10 South Koreans born in 1980s and 1990s believe having their own house is necessary but were pessimistic about purchasing residential property only with their...
KB Kookmin limits personal loan amount to W20m

Dec 22, 2020

Both traditional, online lenders implement stricter lending rules
NH Financial nominates banking unit CEO as new chairman

Dec 22, 2020

NongHyup Financial Group has nominated Son Byung-hwan, CEO of its banking unit as the sole candidate for group chairman, officials said Tuesday. If the nomination is approved at a shareholders’ meet...
Bitcoin Vault eyes Asian crypto market with high-security system

Dec 21, 2020

The company says its new security system reacts to potential theft by reversing transactions
JB Financial pushes automated robotics services

Dec 21, 2020

JB Financial Group’s commercial banking units -- Jeonbuk Bank and Kwangju Bank -- are strengthening their capacity to integrate robotic process automation technologies within banking services, the gr...
Mirae Asset subsidiary lists 1st ETFs on London Stock Exchange

Dec 21, 2020

Mirae Asset Global Investments said Monday that its US exchange-traded funds provider subsidiary Global X has launched two products to be traded on the London Stock Exchange starting Friday. The the...
IFC provides $50m loan to KB Kookmin Card's Indonesian lending arm

Dec 21, 2020

The International Finance Corp. said Monday it plans to provide a loan of up to $50 million to KB Finansia Multi Finance, an Indonesian subsidiary of South Korean credit finance company KB Kookmin Ca...
Hanjin Group speeds up asset divestments to cope with pandemic

Dec 20, 2020

Hanjin Group, which controls South Korea‘s largest aviation firm Korean Air Lines, is speeding up asset divestments to secure cash in an apparent effort to cope with the COVID-19 pandemic, filings sh...
Most expensive house in Korea: Shinsegae chairwoman’s W30b residence

Dec 18, 2020

A Hannam-dong residence in central Seoul owned by Shinsegae Group’s chief retained its top position as the most expensive house in Korea, data showed Friday. The value of Shinsegae chairwoman Lee My...
S. Korea's money supply gains at faster pace in October

Dec 15, 2020

South Korea's money supply continued to grow quickly in October on increased loans to households and firms amid the coronavirus pandemic, central bank data showed Tuesday. The country's M2 stood at ...