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Watchdog mitigates penalty on Shinhan leader Posted : 2021-04-23 14:47 Updated : 2021-04-23 14:51 From left are Shinhan Financial Group Chairman Cho Yong-byoung and Shinhan Bank CEO Jin Ok-dong. Courtesy of each firm By Lee Min-hyung The Financial Supervisory Service (FSS) decided not to impose a heavy punishment on Shinhan Bank CEO Jin Ok-dong for his alleged lapse in supervising the sale of fund products linked to Lime Asset Management, removing risks surrounding Shinhan Financial Group s top management. The regulator decided Thursday to lower the level of sanctions on Jin to a cautionary warning. This decision allows the leader of the bank to extend his term once again or to become the group s next chairperson. ....
Korean banks raise vigilance after Shinhan employee shot in Myanmar Posted : 2021-04-01 16:15 Updated : 2021-04-01 17:28 By Lee Min-hyung Shinhan Bank decided Thursday to temporarily shut down its office in Myanmar s largest city of Yangon after one of its employees was left in a critical condition after being shot by the country s military. The decision is based on the highest of the lender s three-level emergency response manual. All employees there have started working from home following the incident, and the lender is considering ordering Korean employees there to return home under the heightened crisis manual. We have decided to increase the alert level for the safety of our staff there, a Shinhan spokesman said. Shinhan s Korean headquarters will support work for customers in Yangon. ....
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