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IBK, BNK set for year-end leadership reshuffle

The Industrial Bank of Korea (IBK) and BNK Financial Group are moving to reshuffle their top management. This will be the first major shakeup in the financial sector as the year-end organizational reform period draws closer. IBK CEO Yoon Jong-won ends his three-year tenure in January 2023. He has expressed his intention to step down from the post without extending his term. ....

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Shinhan cooperates with Visa on data and global business

Shinhan Financial Group and Visa have decided to join hands to cooperate in the area of data utilization and global business.According to the financial giant Sunday, Shihan Financial and Visa agreed to form strategic partnership on data and global business, as the two groups leaders - Shinhan Financial Group Cho Yong-byoung and Visa Chairman and CEO Alfred Kelly Jr. - met in mid-October at the headquarters of Visa in San Francisco, U.S., to sign the partnership deal. With the partnership, Shinhan Financial plans to utilize Visa s global data in developing its new products and services. ....

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Top 5 financial groups to supply $67 bil. to stabilize market

Five major financial groups here have decided to provide ample liquidity worth 95 trillion won ($67 billion) by the end of this year in a bid to ease a bond market crunch and stabilize local financial markets. During a meeting with Financial Services Commission (FSC) Chairman Kim Joo-hyun on Tuesday morning, the chairmen of the five groups pledged to inject a total of 73 trillion won into financial markets, while pooling another 12 trillion won into a bond market stabilization fund and another 10 trillion won for their group subsidiaries. ....

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FSC chief to meet financial group leaders Tuesday to discuss market stabilization

Financial Services Commission (FSC) Chairman Kim Joo-hyun is scheduled to meet the leaders of the country s five major financial groups next week, aiming to discuss effective stabilization measures amidst increased uncertainties surrounding the local corporate and commercial paper markets. ....

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Financial leaders to develop overseas investor relations

Leaders of Korea s financial holding firms develop overseas investor relations (IR) by taking part in the 2022 Annual Meetings of the International Monetary Fund and the World Bank Group in mid-October. This will become a major event for them to meet with a group of global financial moguls in person. The leaders of KB, Shinhan, Woori, Hana and NongHyup Financial Group will soon depart for Washington, D.C. to join the event for the first time since the outbreak of the COVID-19 pandemic, which had put it on hold since 2020. ....

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