Woori Financial Group is actively considering the acquisition of local online brokerage firm Korea Foss Securities, in a move to add a missing puzzle piece a securities arm as a leading banking giant. "We are reviewing all potential companies (for acquisition) to make inroads into the (securities) industry, with the brokerage mentioned among them," the group's Chief Financial Operator Lee Sung-wo.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has embarked on a week-long tour, Sunday, which will entail visits to three European countries: Switzerland, the U.K. and Germany. The tour aims to both promote the Korean financial industry and discuss global financial supervision issues.
Woori Financial Group announced, Thursday, that it obtained approval from the Science Based Targets initiative (SBTi) for the group s mid- and long-term carbon reduction targets. SBTi is a global body that partners with various international organizations, including the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF) and the United Nations Global Compact, to enable more than 6,000 businesses around the world to set carbon reduction targets.
The Industrial Bank of Korea (IBK) is on course to overtake Woori Financial Group in market capitalization, as the latter s weak earnings outlook continues to weaken investor sentiment.
JPMorgan Chase CEO Jamie Dimon ended his two-day business trip to Seoul, Tuesday, after holding meetings with top financial moguls here. This was the first time in five years that the head of America s largest bank has visited Korea. He arrived in Seoul on Monday afternoon, and started his schedule of meetings with chiefs of Korea s major financial institutions.