The Industrial Bank of Korea is unable to exclude employees involved in an improper loan amounting to 882 million won from their positions. Since the Financial Supervisory Service (FSS) has not completed its inspection, the list of individuals subject to sanctions has not been finalized, and it is c...
Ham Young-joo, chairman of Hana Financial Group, visited business sites for small merchants as her first step after being confirmed for a second term. According to Hana Financial on the 27th, Chairwoman Ham visited business sites for small merchants in the local community that were affected by a fir...
JB Financial Group announced on the 27th that it held its regular shareholders' meeting at its headquarters in Jeonju and confirmed the third consecutive term of Chairman Kim Ki-hong. Chairman Kim noted in his inaugural speech, "I will continue to uphold the vision of JB Financial as a small yet you...
The new start fund, a debt adjustment program exclusively for small business owners and self-employed individuals, will expand its applicants starting on the 27th. The Financial Services Commission noted that as of this day, the support targets for the new start fund have been expanded to include &q...
In the future, it will be possible to open bank savings accounts, time deposits, and apply for loans at branches of other banks, post offices, and mutual finance and savings banks. On the 27th, the Financial Services Commission announced the 'introduction of banking agency services and activation of...
It was found that 32 foreign banks' domestic branches (excluding UBS) recorded a net profit of 1.78 trillion won last year. This is an increase of 224.1 billion won (14.4%) compared to the previous year. According to the ‘2024 performance of foreign banks' domestic branches (tentative)’ announced by...
The head of the Financial Supervisory Service, Lee Bok-hyun, who opposed the exercise of veto power 'by putting his job on the line' regarding the revision of the Commercial Act passed under the leadership of the Democratic Party of Korea, is rapidly increasing his exposure to the media. The time gi...
Jin Ok-dong, Chairman of Shinhan Financial Group, noted on the 26th, "This year will be the essential first year for value-up, and I will intensify efforts for qualitative growth." Chairman Jin said at the '24th Regular Shareholders' Meeting' held at Shinhan Financial Group's headquarters in Jung-gu...
The Industrial Bank of Korea, involved in a 882 billion won unfair loan scandal, will strengthen internal controls to prevent conflicts of interest. On the morning of the 26th, CEO Kim Sung-tae and other executives of the Industrial Bank of Korea, along with regional headquarters heads, examination ...
The non-performing loans of the four major financial groups are approaching 14 trillion won. This reflects the increase in households and corporations unable to repay their debts on time due to prolonged high interest rates and economic downturns. While the banks under the holding companies wrote of...
