FATF will check local banks for anti-money laundering compliance This is the first in a series looking at whether Korean lenders are properly dealing with anti-money laundering issues in time with the visit to Korea of the Financial Action Task...
Seoul-based lender recognized by prestigious magazine A renowned financial magazine picked Citibank Korea as the “Best International Bank in Korea.” The Seoul-based lender won the accolade 10 times for the past 12 years. FinanceAsia, a Hong Kong-based publication reporting Asia’s financial...
Korean lenders opt not to acquire Cambodian financial outfit Shinhan Bank is Korea’s largest lender by net profit. When its new CEO Jin Ok-dong took charge of the Seoul-based entity early this year, he promised to remain ahead of the...
Korean outfit earns 120 million euros in 2 years Mirae Asset Global Investments has signed a deal to sell an office tower in Frankfurt’s banking district at 400 million euros, two years after it bought the property named Taunusanlage 8...
BOK chief stresses 'timely strategies' Bank of Korea Gov. Lee Ju-yeol hinted at the possibility of cutting down the benchmark rate amid the Sino-US trade conflicts, which weigh on Asia’s fourth-largest economy. In a speech commemorating the central bank’s 69th anniversary...
Central bank argues that economy rebounds The Bank of Korea (BOK) recently comes up with a rosy view on the Korean economy, which suffered the worst setback in a decade during the first quarter of this year. The central bank said...
CSI reading slips below 100 in May Korean consumers’ sentiment over economic situation worsened to the lowest level in four months as the Sino-American trade war continues to negatively affect the country’s economy. The Bank of Korea said May 28 that...
Seoul-based lender sees revenue, profit drop in early 2019 Citibank Korea netted 60.1 billion won in profit during the first three months of this year, down 17.7 percent from a year ago. It is an affiliate here of global giant...
Outbound shipments fall for 5th month Korea’s exports in April amounted to $48.86 billion, down 2 percent from a year ago, according to the Ministry of Trade, Industry, and Energy on May, 1. That means that the country’s exports have...
Woori beats Hana in Q1 profits During the first quarter of this year, Woori Financial Group netted 568.6 billion won ($488 million) in profits to surpass Hana Financial Group, which saw its bottom line shrink 17 percent to 556 billion...

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Korean singer becomes member of UNICEF Honors Club Lee Hye-ri, a Korean singer and actress better known as her stage name Hyeri, is recognized for...

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