Korea Joongang Daily
Korea JoongAng Daily

Credit card delinquencies hit 10-year high in Q1 amid economic slump

Delinquency rates at Korea's major credit card companies surged to their highest levels in a decade during the first quarter of 2025, reflecting the prolonged economic downturn, industry data showed Sunday.

2025-04-27

Prosecutors raid Shinhan Asset Trust office in employee bribery investigation

Prosecutors raided Shinhan Asset Trust and its current and former employees, who are suspected of accepting bribes worth hundreds of millions of won in connection with trust operations on Wednesday.

2025-04-16

Shinhan Card launches prepaid tourist card in partnership with Lord System

Shinhan Card announced Thursday that it will introduce a prepaid card for foreign tourists next week in partnership with Lord System, a mobile passport platform company.

2025-03-27

FTC probes KB Kookmin, Hana over alleged household loan ratio collusion

The FTC is investigating KB Kookmin Bank and Hana Bank for alleged collusion on household loan limits.

2025-02-17

Shinhan Financial Group posts second-highest earnings, boosted by ballooning loans

Shinhan Financial Group reported a net profit of 4.52 trillion won for 2024.

2025-02-06

Shinhan Bank opens first foreigner-focused branch in Gimhae

Shinhan Bank has opened its first branch dedicated to serving foreign customers in Gimhae, South Gyeongsang.

2025-01-22

Shinhan Card users now able to perform transfers in foreign currencies

Shinhan Card users can now gift foreign currencies through a new service launched by Shinhan Bank.

2024-11-15

Shinhan Financial Group's net profit climbs 3.9% on year in Q3

Shinhan Financial Group logged a 3.9 percent on-year increase in net profit in the third quarter at 1.24 trillion won ($892.4 million), according to its earnings report on Friday.

2024-10-25

Shinhan Securities CEO offers 'sincere apology' for $95 million ETF scandal

Shinhan Securities CEO Kim Sang-tae apologized for a 130 billion won futures trading scandal and pledged to implement emergency measures.

2024-10-16

Financial regulator highlights self-regulation in bank loans, apologizes for confusion

Financial Supervisory Service Gov. Lee Bok-hyun apologized for sowing confusion with mixed signals about loan regulations, and stressed self-regulation by banks in loan issuance.

2024-09-10