Shareholders of Hana Financial Group approved Ham Young-joo as chairman.
KB Financial Group reported a record profit on an improving net interest margins.
A CEO recommendation committee has chosen Lee Jae-keun, an executive vice president of sales at KB Kookmin Bank, as the bank's new CEO.
Financial Supervisory Service (FSS) Governor Jeong Eun-bo said his institution will focus on preventing financial disasters rather than handing out penalties after them during his first meeting with heads of major financial groups Wednesday.
Banking groups posted strong earnings through the third quarter by lending heavily to households despite the government’s admonition against overdoing credit to these borrowers.
KB Financial Group Chairman Yoon Jong-kyoo stressed the need to strengthen its mobile-based financial platform to compete with exclusively online banks.
KB Financial Group will pay an interim dividend for the first time ever.
Korea’s banking groups have been doing well as stock trading has boomed and margins on lending have improved.
KB Financial Group on Tuesday signed partnership with a preparation committee for a green growth conference to be held in Seoul in May, promising promotion and support for the gathering.
KB Financial Group said Monday it will support 3.2 trillion won ($2.8 billion) this year in loans and investments for Korea's so-called Green New Deal, a package of policies aimed at ending the country's dependence on fossil fuels.