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...Kookmin Bank and Shinhan Bank declined to comment. The financial industry association also declined to comment....
...The investigation will start with KB Kookmin Bank and Korea Investment & Securities, the biggest sellers of the high-risk notes, and then be extended to four other banks and six brokerages....
...The combined net profits of South Korea’s five largest banks — Shinhan Bank, Kookmin Bank, Hana Bank, Woori Bank and NongHyup Bank — was Won12.7tn ($9.8bn) in 2022, up about 18 per cent from the previous...
...The country’s economy contracted 4.5 per cent in 2020, according to estimates from the Bank of Korea in Seoul, its sharpest decline since a famine killed millions of people in the 1990s....
...The group, dubbed the BeagleBoyz, targeted cash from ATMs in cyber attacks that have also left banks’ computer systems inoperable, the agencies said....
...Kookmin Bank priced the perpetual $500m coco bond — the riskiest type of bank debt, which can be written off in times of stress — with an interest rate of 4.35 per cent on Wednesday, according to terms reviewed...
...“The banks are following subtle leads from the government. But banks are banks....
...Kwon Hyuk-chul, a security expert at Kookmin University in Seoul, said the Sino-Russian drills could have an impact on denuclearisation efforts on the Korean peninsula....
...Financial regulators have identified discrimination against female applicants in the hiring process of some local banks such as KEB Hana and KB Kookmin....
...HSBC closed its retail banking and wealth management units last year while Kookmin Bank, South Korea’s largest lender by assets, also shut 55 of its 1,207 branches....
...“This is the dictator model to the extreme,” says Andrei Lankov, a noted North Korea expert at Kookmin University in Seoul....
...In July, average apartment prices in Seoul were 4.8 per cent higher than the same month a year ago, according to Kookmin Bank....
...The hackers made the threat via email to seven banks, including South Korea’s “big five” — KB Kookmin, Shinhan, Woori, KEB Hana and Nonghyup — demanding payment of about $300,000 in total by Monday....
...The Kookmin deal will be the second in Asia after DBS Bank of Singapore offered $1bn three-year covered bonds in July, setting the benchmark for Asian banks accessing international investors....
...South Korean bank Kookmin in October issued the country’s first, and Asia’s second, covered bond after a new legal regime was introduced in 2014....
...House prices have risen for 25 consecutive months, according to Kookmin Bank. “The strong construction investment resulted in the upside surprise today,” said Raymond Yeung, an economist at ANZ....
...Apart from Hyundai, companies including Samsung Electronics, LG Electronics and Kookmin Bank have introduced the wage peak system....
...The latest case is Kookmin Bank, the country’s biggest consumer lender....
...The Fair Trade Commission sent inspectors to Kookmin Bank, Woori Bank, Shinhan and Hana Bank this week to look into data related to setting interest rates, officials at each of the banks said on Wednesday...
...Shinhan Financial Group with Shinhan Bank currently runs 25 consolidated branches while KB Financial Group with Kookmin Bank runs 10 of them....
...HSBC closed its retail banking and wealth management units last year while Kookmin Bank, South Korea’s largest lender by assets, also shut 55 of its 1,207 branches, after suffering lower lending margins....
...Kookmin Bank took control of Kazakhstan’s CenterCredit in 2008 for Won940bn – the biggest overseas acquisition by a Korean bank – but has been hit by some Won800bn of losses in the central Asian country...
...The data theft was allegedly carried out by a contractor tasked with improving security systems at Kookmin Card, NongHyup Card and Lotte Card....
...Kookmin Bank, the country’s largest retail lender, is one of the Korean banks most actively seeking overseas expansion....
...Westpac has projected deal programmes of up to 10tn won (around $9bn) from Korean banks, particularly Kookmin and Shinhan, once the new law is in place....
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