Asia

ASIA HEADLINES
  • Korean banks see brisk earnings in Southeast Asia
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    Korean banks' profits from their businesses in Vietnam surged last year, according to data from the Financial Supervisory Service (FSS), Tuesday. Their net income from Vietnam more than doubled from $61 million in 2017 to $131.8 million in 2018. Shinhan Bank Vietnam is seen to have made a major […]

  • Financial CEOs head for IR roadshows
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    Major financial group heads are set to conduct investor relations (IR) meetings abroad next month. These meetings are a business strategy at most medium-to-large companies that provides investors with an accurate account of company affairs. […]

  • Elliott claims dividends request won't affect Hyundai's liquidity
    by KoreaTimes on January 1, 1970 at 12:00 am

    U.S. hedge fund Elliott Management said Monday that its dividends proposal for Hyundai Motor Co. and its auto parts affiliate Hyundai Mobis Co. will not affect their liquidity or future investment plans. The hedge fund made the claim regarding the ongoing dispute over the firms' dividend plan for […]

  • Korea relies too heavily on key export items: report
    by KoreaTimes on January 1, 1970 at 12:00 am

    South Korea's dependence on key products for exports was nearly double that of major exporters in 2018 due mainly to its prowess in the chip industry, a report said Tuesday. The country's "product concentration of exports" stood at a 20-year high of 137.2 last year, 1.8 times the average of 77.9 […]

  • Overseas branches of Korean banks see 22.2% rise in 2018 profits
    by KoreaTimes on January 1, 1970 at 12:00 am

    Overseas branches of South Korean banks saw their combined net profit gain 22.2 percent on-year to $983 million in 2018, thanks to a modest rise in interest income, government data showed Tuesday. The figure accounted for 8 percent of the combined net profit of banks operating in South Korea last […]

  • Partnership for VIP customers
    by Lee Kyung-min on January 1, 1970 at 12:00 am

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  • Kyobo chief, investors in tug of war ahead of IPO
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    A tug of war between Kyobo Life chief and the insurer's investors has reignited since the latter decided recently to request for arbitration with the Korean Commercial Arbitration Board (KCAB) to exercise their put option. […]

  • Shinhan to help SMEs in Southeast Asia
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    Shinhan Bank said Monday it has expanded a global management consulting program to help small- and medium-sized enterprises (SMEs) in Southeast Asia including India. […]

  • Promoting information protection
    by Park Hyong-ki on January 1, 1970 at 12:00 am

    NongHyup Financial Group Chairman Kim Gwang-soo, left, and NongHyup Bank CEO Lee Dae-hoon, second from left, hand out leaflets on information protection to their employees on their way to work in Seoul, Monday morning. […]

  • Lee named Shinhan's brand ambassador
    by Park Hyong-ki on January 1, 1970 at 12:00 am

    Professional golfer Lee Jeong-eun, also known as “Lee Jeong-eun 6,” has been named the brand ambassador of Shinhan Bank and its sister brokerage Shinhan Investment Corp.'s private wealth management (PWM), the two companies said. This means Lee will be promoting and wearing the Shinhan […]

  • Merchants, consumers shun using Zero Pay
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    An increasing number of merchants are expressing frustration toward “Zero Pay,” a mobile QR code-based payment that enables a direct transaction between consumers and merchants without using credit cards. […]

  • AI app goes into use to counter voice phishing
    by Kim Bo-eun on January 1, 1970 at 12:00 am

    The Financial Supervisory Service (FSS) will start a trial service today of an artificial intelligence (AI) application to help people counter voice phishing scams, the regulator said Sunday. Customers of IBK will first try using the app to see its effect. IBK customers will use the app for a two- […]

  • Hong faces grilling over economic policies
    by Park Hyong-ki on January 1, 1970 at 12:00 am

    Finance Minister Hong Nam-ki is expected to face questioning by opposition lawmakers as he briefs them on his ministry's key plans for this year. Lawmakers will question President Moon Jae-in's second finance minister and his team on whether Hong has achieved tangible results since he took office […]

  • BOK faces renewed rate cut dilemma
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    Bank of Korea (BOK) Governor Lee Ju-yeol is under growing pressure to lower the key interest rate after central banks in developed countries have been showing signs of going back to credit easing policies amid a global slowdown. […]

  • KTB faces investors' outcry for delaying venture unit's IPO
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    KTB Investment & Securities is facing an outcry from shareholders after it decided recently to delay the initial public offering (IPO) of KTB Network. […]

  • NPS, KNOC at bottom in 'mutual growth' rating
    by Baek Byung-yeul on January 1, 1970 at 12:00 am

    Eight state-run institutions including the National Pension Service (NPS), the Korea National Oil Corporation (KNOC) and Korea Coal Corporation (KOCOAL) were rated poor in their corporate partnership performance in 2018, the Ministry of SMEs and Startups said Sunday. […]

  • KB forges ties with Cambodian fintech Pi Pay
    by Park Hyong-ki on January 1, 1970 at 12:00 am

    KB Kookmin Bank Cambodia has forged an alliance with Pi Pay in digital banking in Phnom Penh, according to KB in Seoul, Sunday. The two sides will seek to connect their respective platforms not only to offer convenient mobile payment services, but also to develop new financial products for local […]

  • Cambodia, Korea partner in banking
    by Park Hyong-ki on January 1, 1970 at 12:00 am

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  • Hana risks losing 362 billion won investment in China's Minsheng Group
    by Jhoo Dong-chan on January 1, 1970 at 12:00 am

    KEB Hana Bank is facing mounting risks to suffer a loss in its 362 billion won ($318.1 million) investment in a Chinese firm that is undergoing a liquidity crisis. […]

  • Why foreign investors dump KB shares?
    by Lee Kyung-min on January 1, 1970 at 12:00 am

    KB Financial Group continues to see its share price drop following continued foreign sell-offs, Friday, falling further behind its rival Shinhan Financial Group. […]