Banks report $363M in low-income support issued in 2024 Banks in Korea provided a total of 528 billion won in financial help to low-income earners last year in the form of cash equivalent aid or low-interest loans. 2025.1.31
Korea Federation of Banks chief laments incomplete sales of high-risk derivatives The chief of the KFB expressed his “regret” over the incomplete sales of high-risk investment products by banks, as the financial watchdog put forward a compensation guideline for losses incurred from the troubled Hong Kong-tied derivatives Monday. 2024.3.11
Cho Yong-byoung recommended for KFB chair The Korean Federation of Banks has recommended former Cho Young-byoung as its next chairman. Cho, if nominated, will begin a three-year term on Dec. 1. 2023.11.16
Bank group chief gripes about hedge scandal punishments Penalties on bank executives and directors linked to private equity funds are concerning and could limit bank activities, according to Kim Kwang-soo, Chairman of the Korea Federation of Banks. 2021.3.9
Korea Federation of Banks narrows chairman candidates The Korea Federation of Banks released a list of seven candidates for its chairmanship Tuesday. 2020.11.17
![Korea Federation of Banks [KOREA FEDERATION OF BANKS]](https://image.koreajoongangdaily.com/10488580.jpg?imageId=10488580&width=240&height=184&format=webp&format=jpg)
![Korea Federation of Banks Cho Yong-byoung speaks during a press conference held Monday at the federation's headquarters in central Seoul. [YONHAP]](https://image.koreajoongangdaily.com/10032747.jpg?imageId=10032747&width=240&height=184&format=webp&format=jpg)
![Cho Yong-byoung [SHINHAN FINANCIAL GROUP]](https://image.koreajoongangdaily.com/11867000.jpg?imageId=11867000&width=240&height=184&format=webp&format=jpg)
![Kim Kwang-soo, Chairman of the Korea Federation of Banks, speaks during an online press event held Tuesday. [YONHAP]](https://image.koreajoongangdaily.com/11935482.jpg?imageId=11935482&width=240&height=184&format=webp&format=jpg)
![Kim Tae-young, chairman of the Korea Federation of Banks, receives questions from reporters after holding a meeting where he confirmed the long list of the federation's candidates for next chairman with the board at a hotel in Seoul on Tuesday. [NEWS1]](https://image.koreajoongangdaily.com/10731148.jpg?imageId=10731148&width=240&height=184&format=webp&format=jpg)