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Regulators urge financial groups to minimize interest rate hikes

Financial authorities have called on major financial group leaders to shield borrowers from the impact of interest rate hikes, urging the companies themselves to absorb the rising costs from global interest rate increases as much as possible. The message came during a meeting between the financial authorities and chiefs of the country s five major financial groups in central Seoul on Friday morning. ....

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Shinhan Financial : Results on acquisition of treasury shares - Form 6-K

Results on acquisition of treasury shares

Shinhan Financial Group announced on March 28, 2023 that a share repurchase program SFG commenced on February 8, 2023 has been. | March 28, 2023 ....

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Securities firms seeking more female directors

Securities firms are set to prioritize the appointment of female outside directors during their regular shareholders meetings this month, in a move to enhance their environmental, social and corporate governance (ESG) management. The ratio of females on boards, however, still falls short of the average of other industries. ....

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Korean financial groups frustrated over growing bureaucratic control

Korea s major financial institutions stand at a critical crossroads ahead of their regular shareholders meetings this month, facing mounting political pressure to drastically reform their governance structures. This poses a serious dilemma for leading financial holding firms, such as KB, Shinhan, Hana, Woori and NongHyup, even after they chalked up record earnings on steep rate hikes. A total of 30 out of 38 outside directors at the five financial institutions finish their terms around the end of March. ....

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AWS to offer cloud engineer training in Korea

Amazon Web Services (AWS), the cloud business arm of U.S. tech giant Amazon, is offering free cloud computing education for job seekers in Korea at a time when many companies here are struggling to hire skilled cloud computing engineers, the head of its Korean unit said Tuesday. “AWS announced its initiative to provide cloud skills to 29 million people from 2021 to 2025 and so far we have trained about 13 million people. In Korea, we have been offering education programs since 2017 and trained over 200,000 people,” Ham Kee-ho, the country managing director of AWS Korea, said at a press conference in Seoul. ....

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