Shinhan Bank is acquiring 10 percent of India’s largest non-banking financial company in education loans for $180 million as part of the bank's effort to expand globally.
The biggest seller of the troubled derivative products, KB Kookmin, and Shinhan announced that they would implement a voluntary compensation scheme on Friday.
Incheon and Shinhan Bank signed a memorandum of understanding agreeing to joint efforts to bring the Asia-Pacific Economic Cooperation (APEC) summit next year to the city.
SHeroes is a program dedicated to fostering female leadership at Shinhan. The company began the program in 2018.
The nation's four major financial firms padded their debt provisions amid concerns over project financing defaults.
Shinhan said a pre-emptive accumulation of provisions, financial programs for self-employed workers and the reduced valuation of alternative assets contributed to the drop.
Shinhan Financial Group Chairman Jin Ok-dong highlighted AI and data science as the group’s next growth engines, urging employees and executives to accelerate the digital transformation within financial services.
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.
Shinhan Card is forming a joint venture with a local car dealership in Kazakhstan in a bid to strengthen retail services.
The Korean Federation of Banks has recommended former Cho Young-byoung as its next chairman. Cho, if nominated, will begin a three-year term on Dec. 1.
Korea JoongAng Daily Sitemap