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  DGB rebrands as Korea’s first commercial bank in 32 years

  Commission approved Daegu Bank‘s conversion to a commercial bank at its regular meeting on Thursday. Approval in hand, the...a “digital-centric hybrid bank that offers both offline and non-face-to-face services,” DGB Financial Group Chairman...

  2024.05.17
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  Credit-card delinquencies reach 10-year high

  which have prompted those with lower credit scores to resort to credit-card loans with high interest rates. Commercial banks, as well as non-banking lenders, have been upping their thresholds for credit loans as financial authorities make efforts...

  2024.05.29
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  Banks expand specialized branches to serve diverse needs

  Korean commercial banks—KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank—KB Kookmin Bank had 94 small branch offices as of the end of 2023, an increase of 16 from the previous year. During the same period, Hana Bank increased its small...

  2024.05.31
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  Forex market changes open new opportunities for banks

  exchange market. Foreign institutions were previously not allowed to do so and had to rely on the non-deliverable forward (NDF) market. Commercial banks are seeking to register their overseas branches or subsidiaries as RFIs to participate in the...

  2024.05.23