Shinhan Bank is expanding its digital sales department to offer specialized services to its 750,000 customers in Seoul who prefer digital banking, it said Tuesday.
Shinhan Financial Group is buying a to-be-completed Amazon fulfillment center in the United States in cooperation with IGIS Asset Management, a Seoul-based property investor with $27 billion under management.
Shinhan Bank said Monday that it opened a space dedicated to developing new businesses based on digital technologies in Myeong-dong, central Seoul.
Shinhan Bank's Vietnamese corporation opened three new local branches, the bank said Wednesday.
A Hana Bank branch in Myeong-dong in Jung District, central Seoul, on Tuesday. With skyrocketing household debt, banks have been moving quickly to limit lending.
Shinhan Bank said Tuesday it has decided to compensate businesses for losses incurred due to currency-linked derivatives known as knock-in, knock-out (KIKO) contracts.
Korea’s leading banking group Shinhan Financial Group announced that it will achieve carbon neutrality by 2050. Shinhan said it is the first among financial groups in East Asia to announce such zero-carbon emissions plans.
Punishments for brokerages that pushed a Ponzi scheme on unsuspecting investors are to be relatively light, with the FSS targeting mainly retired executives and ordering selective and limited closings and unspecified fines in the Lime scandal.
After eight hours of negotiations running into the evening Thursday, the Financial Supervisory Service (FSS) decided to kick the can down the road on deciding punishments for brokerages that sold junk products to unsuspecting investors.