Standard Chartered Bank Korea said Tuesday it will offer special interest rates of up to 3.5 percent for as long as 60 days to first-time SC customers who deposit 30 million won ($21,800) or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to first.
Standard Chartered Bank Korea said Tuesday it will offer special interest rates of up to 3.5 percent for as long as 60 days to first-time SC customers who deposit 30 million won ($21,800) or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to first.
The race to receive the license to become South Korea’s fourth internet-only bank is growing fiercer, with four bidders announcing their will to contend. There are currently three online lenders in Korea: KBank, Kakao Bank and Toss Bank. But four new contenders Soso Bank, Korea Credit Data Bank, and the U-Bank and Douzone Bank consortiums have lined up to compete for the fourth license. In line with the l.
The Financial Supervisory Service (FSS) plans to send out inspection reports to major sellers of equity-linked securities (ELS) products tied to the Hong Kong stock market, including five commercial banks - KB Kookmin, Hana, Shinhan, NH NongHyup Banks and Standard Chartered Bank Korea - sometime within this week.
Choi Hee-nam has taken on his new role as the CEO of Chong Kun Dang Holdings, as his appointment was confirmed at the shareholders meeting and the board of directors of the pharmaceutical company at the end of last month.