Korea
Korean regional banks look to SEA for growth
Korean regional banks look to SEA for growth
DGB Financial Group is aiming to open a bank branch in Vietnam. Regional lenders in Korea are betting on Southeast Asia for expansion amidst a saturated domestic market, reports The Korea Times. Daegu-headquartered DGB Financial Group revealed plans to open a bank branch in Vietnam after applying for license. A spokesman from the bank noted that DGB Daegu Bank acquired Cambodia's Cam Capital Specialised Bank in 2018 whilst DGB Capital launched DGB Laos Leasing Company in 2016. "We are looking for opportunities in Vietnam as Shinhan Bank did there. There are a lot of cultural similarities between Korea and Vietnam. This is one of the reasons we are seeking to launch services there," a DGB spokesman said. Also read: Foreign banks flock to Vietnam
Korean banks step up game to lure baby boomers
KEB Hana will create a taskforce to focus on premium pension products.
Korea banks on big data infrastructure
It will create a financial data exchange for financial players in the country.
Tougher mortgage rules await smaller Korean banks
The scheme is an attempt to help stabilise home prices. Korean second-tier banks will be subject to more stringent mortgage rules called Debt Service Ratio (DSR) by June, reports Yonhap. The move is an attempt from authorities to dent the growth of household debt and stabilise home prices.
Korea rejects two web-only bank applicants
It cited lack of innovation and concerns over governance and financing.
Korea trials drive-thru banking in fintech sandbox
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Unlicensed investment banks cash in on Korea's bond issuance spree
They earn more than $17.6m in fee income annually without being required to pay taxes.
KEB Hana kicks off mobile banking service in Vietnam
It will allow immediate cash wiring through a one-time passcode upon user's request.
Korean virtual banks succumb to net losses for two straight years
K Bank and Kakao Bank saw a combined net loss of $78m in 2018.
Korean banks urged to break heavy reliance on interest income
Non-interest related earnings made up 12% of 2018 profits.
Shinhan Financial Group pledges $40.52b in corporate loans by 2023
The group is also aiming to increase VC fund to $123.32m.
Three's a crowd: Shinhan and fintech unicorn Viva Republica leap into Korea's internet-only banking race
The partnership will have immediate access to 11 million users of e-payment app Toss.
Korean banks' foreign branches profit up 22% to $983m in 2018
Net income from Hong Kong, China and Vietnam rose sharply.
HSBC targets Korean bank tie-ups for blockchain platform
It aims to launch the Voltron platform to rapidly streamline trade financing.
Korean banks' employee numbers drop 9.2% in 2018
The rise of mobile and online banking meant less branch staff.
Korean banks to maintain London operations despite Brexit: report
Reports noted that banks considered Frankfurt for their new locations amidst Brexit fears.
Korea's open banking system threatens dominance of credit card issuers
Credit card issuers may lose their tax incentive to fintechs.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. Testing of ArticleResource Center
Read Here
Advertise
Sign Up
Awards
Feb
04
Event News
The text to display in the title bar of a visitor's web browser when they view this page.
