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The pending transformation of South Korea's banking industry

The pending transformation of South Korea's banking industry
thebanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebanker.com Daily Mail and Mail on Sunday newspapers.

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Banks urged to brace for fallout from 2 bank failures in US

Korea s financial authorities called on local banks to ramp up efforts to prepare for possible crises amid the fallout from the collapses of two U.S. banks, officials said Thursday. ....

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Regulators to allow shareholders to check banks' compensation plans

As the government is speeding up its moves to promote competition in the local banking industry, it plans to adopt a system of “say on pay,” through which shareholders of a firm can vote on the payment and remuneration policies for executives. ....

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Ex-Citibank Korea chief joins Samsung Fire as outside director

Samsung Fire & Marine Insurance nominated Park Jin-hei, former chief of Citibank Korea, as the firm s new outside director, seeking to bolster environmental, social and corporate governance (ESG) management. According to the non-life insurer s executive recommendation committee, Park will be able to help the company formulate a long-term ESG management strategy using his expertise in the area in addition to his corporate financing experience. ....

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