Last month, as the rate of increase in household loans significantly slowed down, some banks began to ease restrictions on dwelling mortgage loans. Since an increase in loan demand has been anticipated since May, it is interpreted as a signal that they are gradually opening their business while keep...
On the 11th, the Export-Import Bank of Korea announced that it would provide a total of 20 trillion won in policy funds to respond to the export crisis caused by the increase in tariffs by the U.S. government. The Export-Import Bank is launching a new crisis response special program of 6.5 trillion ...
Shinhan, NH Nonghyup, and Kbank announced on the 10th that they will participate in the stablecoin-based overseas remittance experiment 'Project Pax.' Project Pax is an international cooperation project aimed at building a next-generation global remittance and payment system using digital assets. Fa...
As volatility in domestic and international financial markets increases, banks are becoming more cautious with their investment product sales. Employees at branches are currently recommending asset allocation or a temporary wait instead of actively promoting investment products to customers. Bank pr...
Banks are competing in marketing by featuring top stars, but there has been no noticeable effect on product sales following celebrity advertisements. Internally, there are doubts about whether using celebrities can garner fleeting interest and yield meaningful results. Experts explained that star ma...
It has been found that 44,900 cases of debt adjustment have been made in the 5 months since the implementation of the Personal Debtor Protection Act. On the 9th, the Financial Services Commission held a meeting of the monitoring team for the implementation of the Personal Debtor Protection Act and a...
Kakao Pay is facing the risk of a 15 billion won penalty surcharge for allegedly handing over personal information of 40.45 million users to China's Alipay. According to the financial sector on the 9th, the Financial Supervisory Service (FSS) recently held a sanctions deliberation committee regardin...
Kbank announced on the 9th that it is recruiting for internship positions linked to employment. The recruitment positions include a total of 10 positions in 5 job categories: ▲ IT ▲ Product and Marketing ▲ UX ▲ Data ▲ Human Resources. This year, Kbank plans to hire a two-digit number of interns. Int...
The five major banks (KB Kookmin, Shinhan, Hana, Woori, NH NongHyup) reportedly spent nearly 800 billion won on advertising last year. As banks' performances continue to improve day by day, advertising expenses are also reaching new highs. With a strong performance expected in the banking sector thi...
The Woori Financial Group announced on the 8th that it will provide 10.2 trillion won in support for export and import companies and partners ahead of the U.S. government's mutual tariff imposition. Woori Financial is currently operating 2.3 trillion won in financial support for export and import c...
