A series of embezzlement and breach of trust cases among several banks has sparked concern about the financial sector's internal control capabilities.
Asan Woori Bank Woori Won beat the Cheongju KB Stars 78-72 in the fourth game of the 2023-24 WKBL Championship series on Saturday, winning the best-of-five 3-1 and claiming their 13th championship title.
The biggest seller of the troubled derivative products, KB Kookmin, and Shinhan announced that they would implement a voluntary compensation scheme on Friday.
The nation's four major financial firms padded their debt provisions amid concerns over project financing defaults.
KB Financial Group reported record 2023 profits, despite falling short of analysts' expectations.
The heads of Korea’s financial holding firms on Tuesday vowed to reinforce coexistence with society and push ahead with bold innovations in a joint New Year’s address, noting growing wealth inequality and a rapidly changing consumer market.
KB Kookmin Bank is launching a welfare program that will allow employees to take a three-year retirement in order to care for their children while still being eligible for their previous title and salary upon returning.
KB Financial Group’s new chairman promised to contribute more to society in his inaugural speech on Tuesday as the government pressures banks to redistribute record profits.
The new chairman of KB Financial Group plans to boost shareholder remuneration amid struggles in the domestic economy and finance sector.
Financial companies in Korea are increasingly embracing AI to improve efficiency and offer personalized services, with AI projected to reach $2.35 billion by 2026. Various firms are focusing on AI digital assistants.
Korea JoongAng Daily Sitemap