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Korean financial groups make aggressive expansion in Vietnam

South Korean banking groups have been picking up the pace of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No.2 bank by total assets, is at the forefront of the movement. Its flagship commercial bank’s Vietnam subsidiary Shinhan Bank Vietnam opened three new branches in a single day on July 29. Shinhan Bank Vietnam curre.

Han iRepublic ofH chíinhSouth koreaÐn ngSouth koreanChi minhHo chi minhPhan van triDevelopment of vietnamInternational monetary fundPrudential vietnam finance companyShinhan bankA woori bankShinhan financial groupHana bank

Big Tech financial services fall under same rule: top regulator

　South Korea’s top financial regulator on Dec. 15 told tech firms here that their financial services are to operate under and comply with existing financial regulations. The remark came amid concerns of tech giants Naver and Kakao’s fast-growing online and mobile financial services as related regulations on their customer protection and data use remain unclear. 　“Big Tech’s foray into the .

Soult ukpyolsiSouth koreaMapo guSouth korea generalKoh seung beomKim jabonnNaver corpKorea institute forFinancial services commissionKakao corpServices commission chairman koh seung beomFront oneNaver financialKakao payElectronic financial transactionsBig tech

BNY Mellon downsizing Korea operations

BNY Mellon, one of the oldest US banks, plans to downsize its South Korean operations and withdraw its financial investment business, sources said Dec. 12. It is one of many foreign financial institutions that have lost interest in Asia’s fourth-largest economy in recent years. According to industry sources, Korea’s policymaking Financial Services Commission recently approved BNY Mellon Seoul branch&rsq.

New yorkUnited statesSoult ukpyolsiSouth koreaCholla buktoHong kongUnited kingdomFrance generalUnited kingdom generalCity ofSouth koreanNational pension service of koreaMerrill lynchGlobal financial centers indexFinancial services commissionZ yen group

[KH Finance Forum] Experts, policymakers discuss South Korea s ESG blueprint

　 The global movement to adopt environmental, social and governance values has pushed South Korea’s financial sector to commit to the ideals, but stronger efforts should be made to bring actual changes in Asia’s fourth-largest economy aiming to become an advanced market, experts and policymakers gathered at The Korea Herald’s second finance and investment forum said September 28. 　Attending the f.

Soult ukpyolsiSouth koreaFrance generalUnited kingdomHong kongChoi jin youngKwon kwang seokDavid smithRyu young jaeKwon joon hakKim yong jinSimon smithNational assembly policy committee repKb kookmin bankNh nonghyup bankShinhan bank

Under inflationary pressure, BOK lifts key rate, hints at more hikes

Under inflationary pressure, BOK lifts key rate, hints at more hikes
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