Last year, the financial complaints surged significantly due to the incomplete sales of Hong Kong's H index linked securities (ELS) and unresolved issues with Tmon and Wemakeprice. The Financial Supervisory Service noted that financial complaints reached 116,338 last year, marking a 24% increase com...
I Bok-hyun, the head of the Financial Supervisory Service, ordered a precise analysis of the level of damage by industry related to the U.S. tariffs and to be prepared to implement market stabilization measures in a timely manner if necessary. On the 8th, Director I held a meeting titled "U.S. Tarif...
The four major financial holding companies in Korea are expected to report a net profit of nearly 5 trillion won for the first quarter of this year. Amid the impact of the United States' mutual tariff imposition decisions on not only key industries like automotive and semiconductors but also the ent...
The Woori Financial Group switched to an emergency management posture on the 7th and decided to prioritize support for export and import corporations that are significantly impacted by tariffs. Woori Financial held a meeting of the 'Mutual Tariff Damage Support Task Force (TF)' on the afternoon of t...
Ibok Hyun, head of the Financial Supervisory Service, said on the 7th, “As issues such as corporate restructuring and the enhancement of financial company soundness are expected to arise, I will endeavor to maintain the stability of the financial system with heightened vigilance.” On the same day, t...
KB Financial Group decided to expand its interest rate preferential program to support small and medium-sized enterprises and small business owners struggling due to sluggish domestic demand and U.S. tariff measures. According to KB Financial on the 7th, KB Kookmin Bank will increase the loan size s...
Korea Development Bank announced on the 7th that it has completed advisory and financial support for NAU IB Capital's acquisition of 100% equity in Sun Fluoro System, Inc. (SFSJ), a listed company on the KOSDAQ, in a cross-border merger and acquisition. This transaction was initiated with a stock pu...
Industrial Bank of Korea announced on the 6th that it signed a business agreement with the Workers' Welfare Corporation on the 4th for a 'worker living stabilization fund loan project' worth 300 billion won. Under the agreement, Industrial Bank of Korea plans to support long-term loans at lower inte...
Last year, the loss ratio for automobile insurance worsened, leading to an operating loss for automobile insurance for the first time in four years. According to the '2024 automobile insurance business performance (provisional)' announced by the Financial Supervisory Service on Feb. 6, the revenue f...
Shinhan Bank announced on the 6th that it held the 'Heyoung Supporters 2nd Launch Ceremony' consisting of university students using the university life integration platform 'Heyoung Campus' at its headquarters located in Jung-gu, Seoul, on the 4th. 'Heyoung Campus' is the first mobile platform exclu...
