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Financial groups to focus on risk management

The heads of Korea s five major financial groups had a common focus in their New Year s messages: the importance of risk management and a sustainable growth strategy amid heightened economic risks. In his New Year s message, KB Financial Group Chairman Yoon Jong-kyu stressed stable growth, as he forecast the economy will witness a decline in real purchasing power and weakened consumer sentiment this year, with continuing uncertainties on both the global and domestic economic fronts. ....

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Shinhan hosts women's leadership conference for 5th year

Shinhan Financial Group announced on Friday that it hosted a group-wide women s leadership conference for the fifth year straight in 2022. It said that the SHeroes Conference took place at its headquarters in central Seoul, Thursday, attracting about 100 female leaders from the banking group with the goal of promoting women s empowerment and expanding the networks of the participants. ....

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Financial unions protest gov't meddling in chairman appointments

The Korean Financial Industry Union (KFIU), together with the unions of financial companies, are raising voices of criticism and protest against the Yoon administration meddling in the appointments of the heads of the major financial groups. ....

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GFANZ banks rally to support Vietnam Just Energy Transition Partnership

Today in Brussels, it was announced that the Government of Viet Nam will pursue an ambitious national effort under a Just Energy Transition Partnership (JETP) to ramp up renewable energy and accelerate the phasing down of fossil fuels, alongside investment in transition-aligned jobs and industries of the future. ....

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Shinhan may undergo generational shift under incoming chairman

As incumbent Shinhan Bank CEO Jin Ok-dong was tapped early this month to take office as its next chairman in March, markets are focusing now on what changes he will bring to the group s management strategies. If Jin, who is currently the only nominee for the position, is officially approved as the next chairman at the group s shareholders meeting slated for March, he will begin his three-year chairmanship term. ....

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