Shinhan Financial Group announced Monday it will donate 200 million won ($180,000) worth of medical devices and supplies to India in partnership with the Korea International Cooperation Agency.
Korea’s banking groups have been doing well as stock trading has boomed and margins on lending have improved.
Regulators went easy on the leaders of Shinhan Bank and Shinhan Financial Group despite earlier saying that the two would receive more severe punishments for the selling of dangerous investments to unqualified customers by the institutions they run.
Shinhan Financial Group reappointed Shinhan Bank CEO Jin Ok-dong as a non-executive director of the group despite opposition from a U.S. proxy advisory firm.
Shinhan Financial Group became the first Asian financial group to join the Value Balancing Alliance, the group said Tuesday.
KB Financial Group earned more than any other banking conglomerate in the second quarter as Shinhan Financial Group was required to reserve against possible losses related to the compensation of clients
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.