2024 GCS International Board meeting takes place at GCS headquarters theasian.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theasian.asia Daily Mail and Mail on Sunday newspapers.
DGB Daegu Bank, a regional lender, has sought regulatory approval for its transition to a commercial bank, with plans to commence nationwide operations as early as April. The bank's parent company, DGB Financial Group, on Wednesday announced it had applied with the Financial Services Commission to alter the banking subsidiary's status. If the lender gets the green light, it will mark the country's firs.
DGB Daegu Bank submitted an application seeking approval to convert into a commercial bank. However, market observers suggest that this move is unlikely to significantly alter the current oligopoly, which is predominantly controlled by five major commercial lenders: KB Kookmin, Shinhan, Hana, Woori, and NH NongHyup.
The popularity of online mortgage refinancing loan services is soaring in the country, with over 1.3 trillion won ($970 million) worth of requests for transferring housing loans to other lenders having been made in just a few days since the service s launch in the past week.
The chief of DGB Financial Group, the holding firm of leading regional lender Daegu Bank, decided to step down from his post Friday after being acquitted of bribery and embezzlement charges tied to the group’s overseas expansion plan this week. After about five years at the helm of the company, DGB Financial Group Chairman Kim Tae-oh, expressed his intent to not to seek a third term. His current two-year term e.