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
Korean financial firms seek digital revenues in 2021
Posted : 2020-12-31 09:09
Updated : 2020-12-31 17:38
From left are KB Financial Group Chairman Yoon Jong-kyoo, Shinhan Financial Group Chairman Cho Yong-byoung, Hana Financial Group Chairman Kim Jung-tai and Woori Financial Group Chairman Son Tae-seung. Courtesy of each firm
By Lee Min-hyung
The nation s major financial holding firms are looking to boost their digital revenue as part of a key management goal for 2021 amid the rapid rise of online banking and contactless consumption here and abroad.
For the major lenders, 2020 has been a year of building the foundations for their digital business. With uncertainties surrounding the COVID-19 pandemic remaining, they will keep enhancing their digital platforms next year, but a new focus will be on generating tangible outcomes from their digital vision.
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