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What's behind South Korean financial regulator's intense scrutiny of?NongHyup Financial Group?

The Financial Supervisory Service (FSS) will soon launch regular inspections into the governance of NongHyup Financial Group as its majority stakeholder, the National Agricultural Cooperative Federation (NACF), better known as NongHyup, has been accused of impeding proper internal controls within its financial subsidiaries, according to industry officials, Sunday.

Lee-bok-hyun , Financial-supervisory-service , Nh-nonghyup-bank , Nonghyup-financial-group , Financial-supervisory-service-governor-lee-bok-hyun-newsis , National-agricultural-cooperative-federation , Kang-ho-dong , Fss , Nacf , Nonghyup , Financial-supervisory-service-korea

Korean banks receive approval to enter mobile industry

Banks are increasingly considering entering the mobile phone service market following the financial authorities' recognition of Liiv M, KB Kookmin Bank's mobile service, as a formal ancillary business for banks.

Hana-bank , Nh-nonghyup-bank , Kb-kookmin-bank , Woori-bank , Mobile , Kb , Mvno , Nh , Woori , Orea , Outh-korea

Major banks prepare for dispute mediation over Hang Seng-tied ELS losses

Major banks have initiated measures to ensure smooth resolutions to compensate investors who suffered substantial losses from Hong Kong-tied equity-linked securities (ELS), following the lenders' acceptance of dispute resolution guidelines set by financial authorities.

South-korea , Seoul , Soult-ukpyolsi , Korea , Hana-bank , Standard-chartered-bank-korea , Shinhan-bank , Financial-supervisory-service , Hang-seng-china-enterprises-index , Woori-bank , Nh-nonghyup-bank

Banks rush to cough up misselling compensation

Korea's top lenders have all decided to accept the compensation guidelines suggested by the country's financial watchdog, agreeing to make up for the losses from the misselling of equity-linked securities tied to a Hong Kong index, with KB Kookmin Bank and Shinhan Bank joining the list Friday. Following company board meetings held earlier in the day, KB Kookmin Bank and Shinhan Bank announced they would car...

South-korea , Hong-kong , Korea , Lee-bok-hyun , Kb-kookmin-bank , Nh-nonghyup-bank , Woori-bank , Shinhan-bank , Korea-investors-service , Hong-kong-hang-seng-china-enterprises-index , Standard-chartered-bank-korea

Banker-turned-real estate agent eager to offer quality services amid growth in foreign population

Kim Dong-young, chairman of the Global Real Estate Association of Seoul (GRAS), is certainly a trustworthy person for foreign nationals to ask for help when they are new to Korea and want to buy a home in the nation’s capital.

Busan , Pusan-gwangyoksi , South-korea , Japan , Seoul , Soult-ukpyolsi , Singapore , China , United-states , Seocho , France , Singaporeans

Banker-turned-real estate agent eager to offer quality services amid growth in foreign population

Banker-turned-real estate agent eager to offer quality services amid growth in foreign population
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

France , Singapore , Busan , Pusan-gwangyoksi , South-korea , Seoul , Soult-ukpyolsi , Japan , China , United-states , Seocho , Americans

Bithumb Challenges Upbit in South Korea Crypto Race

Bithumb challenges Upbit in South Korea's crypto market, eyeing KOSDAQ listing amid regulatory hurdles.

South-korea , Kb-kookmin-bank , Nh-nonghyup-bank , Samsung-securities , Hyup-bank ,

Bithumb rises to challenge Upbit's dominance in South Korea's crypto market

Bithumb rises to challenge Upbit's dominance in South Korea's crypto market
cryptopolitan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cryptopolitan.com Daily Mail and Mail on Sunday newspapers.

South-korea , South-korean , Bithumb-bitcoin , Nh-nonghyup-bank , Kb-kookmin-bank , Samsung-securities , Hyup-bank , Using-specified-financial-transaction-information ,

Bithumb hits stumbling block in ambition to be market No. 1

Bithumb Korea, the operator of the country’s No. 2 cryptocurrency exchange Bithumb, has failed to seal a deal with major local lender KB Kookmin Bank for issuance of real-name accounts, jeopardizing its plan to attract more traders. KB Kookmin Bank informed Bithumb last week that it will not partner with the crypto exchange to provide real-name accounts, industry officials confirmed Friday. In Korea, virtual as...

Jeonbuk , Cholla-bukto , South-korea , Korea , Kb-kookmin-bank , Jeonbuk-bank , Nh-nonghyup-bank , Kakao-bank , Bithumb-korea , Using-specified-financial-transaction , Hyup-bank

Banks join in relay to halt sales of HK-linked ELS products

As massive losses are expected from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI), commercial banks are either halting or considering the halting of ELS product sales consecutively.

Seoul , Soult-ukpyolsi , South-korea , Kim-joo-hyun , Yang-jung-suk , Woori-bank , Financial-services-commission , National-assembly , Shinhan-bank , Financial-supervisory-service , Nh-nonghyup-bank