Banks are betting on the metaverse, putting their younger employees and their customers into these computer-generated worlds in the hope that business will follow.
Hana Bank said Tuesday it has launched an app to help children start to handle their financial affairs and learn to increase their assets as the younger generation is increasingly interested in making and managing wealth.
Bank KEB Hana Indonesia and Line have formed an internet bank in Indonesia, with services available from June 10.
Hana Bank said Thursday it floated $600 million worth of environment, social and governance (ESG) bonds to help support eco-friendly projects.
Banks are offering a broad range of services via their apps as they face brutal competition from tech companies rapidly expanding into digital finance.
The average urban dweller in their 40s earns 4.68 million won ($4,191) a month after taxes are paid, Hana Bank said in a report released on Monday, and of that 73 percent is spent on daily expenses and schooling costs.
Hana Bank said Wednesday that it is testing technologies related to the central bank digital currency (CBDC) in development by the Bank of Korea jointly with a research center under the Pohang University of Science and Technology.
The average annual salary of employees at local commercial banks closed in on 100 million won ($88,000) last year, rising by over 8 percent compared to 2017.
For the price of a coffee, you can become an investor. No need to meet any minimums or buy in round lots of listed shares. In some cases, 100 won (8.8 cents) is enough.
The Korea Table Tennis Association (KTTA) has been left with a bill of over two billion won ($1.76 million) for the canceled 2020 World Table Tennis Championships in Busan, the organization announced Monday.