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Hana, Shinhan join anti-coal campaign

By Kim Hyun-bin
More financial institutions are joining carbon-neutrality and anti-coal campaigns in order to help companies shift to renewable energy.
Hana Financial Group, which has vowed to become carbon neutral by 2050, joined the anti-coal campaign as part of its Next 2030 Management Principles goal as well as supporting the government s carbon-free initiatives.
The Korean government aims to become carbon neutral by 2050 to transition in a green economy and maximize the utilization of renewable energy sources.
Hana Financial Group will halt investing and financing the construction of coal power plants as well as acquiring related bonds.
The lender also plans to establish an Environmental and Social Risks Management (ESRM) program in the first half of this year and restrict financial aid for businesses that harm the environment or commit human rights abuses. ....

Republic Of , Soult Ukpyolsi , South Korea , Shinhan Financial Group , Financial Services Commission , Hana Financial Group , Korea Sustainability Investing Forum , Task Force On Financial Disclosures , Shinhan Bank , Hana Bank , Financial Group , Social Risks Management , Equator Principles , Task Force , Climate Related Financial Disclosures , Carbon Drive , குடியரசு ஆஃப் , தெற்கு கொரியா , ஷின்ஹான் நிதி குழு , நிதி சேவைகள் தரகு , ஹனா நிதி குழு , கொரியா நிலைத்தன்மை முதலீடு மன்றம் , ஷின்ஹான் வங்கி , ஹனா வங்கி , நிதி குழு , சமூக அபாயங்கள் மேலாண்மை ,

Korean banking groups at risk of losing governance autonomy

Korean banking groups at risk of losing governance autonomy
Posted : 2021-02-19 08:45
By Lee Min-hyung
Financial holding firms here will have less and less leeway in setting key agendas, as their largest shareholder ― the National Pension Service (NPS) ― is on track to widen its influence on their top management.
The NPS is the largest shareholder of the nation s top four financial firms ― KB, Shinhan, Hana and Woori ― according to the latest data. The pension fund obtained more than 9 percent stakes in each of the companies as of the end of September 2020. This figure is slightly below the legal limit of 10 percent. Under the local financial law, a single investor cannot purchase more than a 10 percent stake in a single financial holding firm. ....

Cholla Bukto , South Korea , Kwon Kwang Seok , Cho Yong Byoung , Kim Jung Tai , Kakao Bank , Financial Services Commission , Shinhan Financial Group , Woori Financial Group , National Pension Service , Hana Financial Group , Woori Bank , Hana Bank , Shinhan Financial Group Chairman Cho Yong Byoung , Woori Financial Group Chairman Son Tae Seung , Financial Group , தெற்கு கொரியா , க்குவொன் குவாங் செஓக் , கிம் ஜங் தை , காக்ககோ வங்கி , நிதி சேவைகள் தரகு , ஷின்ஹான் நிதி குழு , வூரி நிதி குழு , தேசிய ஓய்வூதியம் சேவை , ஹனா நிதி குழு , வூரி வங்கி ,

Banking groups support SMEs

Banking groups support SMEs
Updated : 2021-02-16 18:10
Financial Services Commission (FSC) Chairman Eun Sung-soo, third from left, speaks during a meeting with heads of the nation s five largest banking groups at the Korea Federation of Banks headquarters in Seoul, Tuesday. They discussed additional loan maturity extensions for small businesses facing difficulties from the COVID-19 pandemic. From left are NongHyup Financial Group Chairman Son Byung-hwan, Shinhan Financial Group Chairman Cho Yong-byoung, Eun, KB Financial Group Chairman Yoon Jong-kyoo, Hana Financial Group Chairman Kim Jung-tai and Woori Financial Group Chairman Son Tae-seung. Courtesy of FSC ....

Soult Ukpyolsi , South Korea , Cho Yong Byoung , Kim Jung Tai , Yoon Jong Kyoo , Shinhan Financial Group , Kb Financial Group , Woori Financial Group , Financial Services Commission , Hana Financial Group , Nonghyup Financial Group , Korea Federation Of Banks , Chairman Eun Sung Soo , Korea Federation , Nonghyup Financial Group Chairman Son Byung Hwan , Shinhan Financial Group Chairman Cho Yong Byoung , Group Chairman Yoon Jong Kyoo , Hana Financial Group Chairman Kim Jung Tai , Woori Financial Group Chairman Son , Services Commission , தெற்கு கொரியா , கிம் ஜங் தை , ஷின்ஹான் நிதி குழு , க்ப் நிதி குழு , வூரி நிதி குழு , நிதி சேவைகள் தரகு ,

KB steps up to top position in 2020, pushing Shinhan to second place

KB steps up to top position in 2020, pushing Shinhan to second place ....

Soult Ukpyolsi , South Korea , Shinhan Financial Group , Kb Financial Group , Woori Financial Group , Hana Financial Group , Financial Group , தெற்கு கொரியா , ஷின்ஹான் நிதி குழு , க்ப் நிதி குழு , வூரி நிதி குழு , ஹனா நிதி குழு , நிதி குழு ,

[INTERVIEW] Korean firms urged to focus more on governance reforms

[INTERVIEW] Korean firms urged to focus more on governance reforms
Posted : 2021-02-03 09:07
Morrow Sodali picks Shinhan as leader in ESG management
By Park Jae-hyuk
Korean companies are still considered poor at improving their governance structures, despite their accelerated efforts to satisfy environmental, social and corporate governance (ESG) criteria, in order to follow global trends, a seasoned investor relations and corporate affairs specialist said.
Christian Sealey, the CEO of Morrow Sodali Asia Pacific, advised businesses here to make more efforts in their governance reforms than for the other two factors of the ESG criteria at this moment.
Corporate governance has been regarded as a weakness of many Korean companies for a long time, the executive of the world s leading provider of corporate governance advisory services told The Korea Times. It should be taken into account that there are cultural differences in the operation of the board of d ....

Soult Ukpyolsi , South Korea , Christian Sealey , Sodali Asia Pacific , Shinhan Financial Group , Korean Air , National Pension Service , Lg Group , Samsung Electronics , Morrow Sodali Asia Pacific , Hyundai Motor , Whitebox Advisors , Commercial Act , Morrow Sodali , தெற்கு கொரியா , கிறிஸ்துவர் சீலி , ஷின்ஹான் நிதி குழு , கொரியன் அேக , தேசிய ஓய்வூதியம் சேவை , எல்ஜி குழு , கருப்பு பாறை , சாம்சங் மின்னணுவியல் , ஹூண்டாய் மோட்டார் , வணிகரீதியானது நாடகம் ,