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...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...
...Shares of local banks — led by the four largest: Shinhan, Hana, KB and Woori — have gained more than a fifth this year....
...Woori Bank said it would co-operate with the investigation. Shinhan Bank officials could not immediately be reached for comment....
...Woori Bank, one of the two South Korean commercial banks holding Iranian cash, and the South Korean central bank told the Financial Times on Friday that there had been no change regarding the Iranian deposits...
...Accounts with Woori Bank and Industrial Bank of Korea hold some of the $7bn in frozen Iranian funds, the banks told the Financial Times. They did not provide exact figures....
...Separately, financial regulators found 22 cases of hiring malpractices at five local banks in January after Woori Bank last year was accused of hiring more than a dozen entry-level workers who were mostly...
...South Korean prosecutors have raided the headquarters of Woori Bank, one of the country’s leading lenders, as part of their probe into alleged illicit hiring of the children of influential officials....
...South Korean prosecutors have raided the headquarters of Woori Bank, one of the country’s leading lenders, as part of a broad probe into state-run companies’ alleged illicit hiring of the children of influential...
...Corporate earnings reports out today include China Unicom HK, Singapore Exchange, Woori Bank and China Resources Cement....
...The allegations came as the FSS conducts a broad probe into local banks over hiring malpractices after prosecutors investigated Woori Bank last year for illicitly hiring the children of the country’s powerful...
...Tongyang also has about 4 per cent of Woori Bank, one of the country’s most important lenders....
...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....
...Over 200 Asian, European and Middle Eastern lenders have forged correspondent relationships, and China’s ICBC, South Korea’s Woori and Oman’s Bank Muscat are establishing local branches....
...(its main lender) and Woori Bank....
...Korea’s government is also working to revive the sale of state-run Woori Bank....
...The government plans to resume the Woori sale this year but Kyobo is considering starting an internet bank instead. Sooner or later, Mr Shin will face the issue of who will succeed him....
...Privatisation plans had failed three times but Shin & Kim managed to spin off and sell two banks out of Woori by creating multiple holding companies. and merging the banks into them....
...Anbang was the only bidder last year as Seoul sought to sell its controlling stake in Woori Bank....
...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...
...Market participants have become more wary of such a possibility following [his] comments, as we have seen some smoothing operations by the government recently,” said Song eun-jeong, a currency strategist at Woori...
...According to the current law, people only can open their bank account when they visit the branches,” says Cheon Dae-joong, a senior researcher at Woori Finance Research Institute....
...South Korean media have also reported that Anbang is considering acquiring a controlling stake in state-run Woori Bank....
...Shares in Korea’s big banks – Woori Financial, Shinhan Financial, Hana Financial and KB Financial – have outpaced the market (in terms of improvement in price to book value metrics), rising by roughly a...
...Other deals expected to be announced on Wednesday are Woori Bank, a South Korean lender; Philippines developer Vista Land & Landscapes; and Netherlands-based aluminium producer Constellium, which is marketing...
...Other deals expected today are Woori Bank, a South Korean lender; Philippines developer Vista Land & Landscapes; and Netherlands-based aluminium producer Constellium, which is marketing a two-tranche deal...
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