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 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.
Big data has been a big issue from some time, with the likes of Google controversially harvesting information from customer email and other accounts for years.
Shinhan Financial Group pledged to invest more money into up-and-coming businesses and to hire more digitally-focused employees in its bid to support the country's New Deal project.
Shinhan Bank and Woori Bank, two major retailers of the now-suspended Lime Asset Management funds, said they would pay compensation worth approximately 50 percent of the principal put down on select