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Local lenders are expanding their presence in India, the world’s fifth-largest economy, as Korea-India economic ties deepen amid the global supply chain reshuffle. KB Kookmin Bank, one of the top five lenders in Korea, will launch two new branches in India this year in Chennai and Pune. The lender has deployed six employees in the country for the setup. “An approval from local authorities came in October.. ....
The country’s top four commercial lenders are on alert over an investigation by the Fair Trade Commission (FTC), into years of alleged collusion whereby they allegedly maintained their terms and conditions for secured loans at similar levels to limit competition, according to market watchers, Monday. They are KB Kookmin, Shinhan, Hana and Woori. ....
Naver Pay has partnered up with 10 financial services firms in launching a new online platform that allows borrowers to compare loan interest rates when they transfer housing loans, the company announced on Friday. ....
As voluntary retirement season begins in the banking industry, incentives offered to entice workers to retire early seem less favorable this year despite the sector s robust earnings. This adjustment is a response to public criticism, accusing banks of offering substantial payments to employees while the public faces heightened debt burdens from high interest rates. ....
As voluntary retirement season begins in the banking industry, incentives offered to entice workers to retire early seem less favorable this year despite the sector s robust earnings. This adjustment is a response to public criticism, accusing banks of offering substantial payments to employees while the public faces heightened debt burdens from high interest rates. ....