Tag: shinhan

shinhan

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Four financial groups post record 11.34 trillion won in half-year profit

Booming securities and asset management earnings due to the surging stock market offset slower bank growth.

2026.7.24

Jin Ok-dong, chairman of Shinhan Financial Group, attends an individual final interview at the group’s headquarters in Jung District, central Seoul, on Dec. 4. [YONHAP]

Current Shinhan Financial chief again tapped for 3-year chairmanship

Jin Ok-dong, the current chairman of Korean banking conglomerate Shinhan Financial Group, was recommended on Thursday as the final candidate for the group's next chairmanship.

2025.12.4

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Filipino workers participating in a pilot program for foreign housekeepers in Korea enter the country through Incheon International Airport on Aug. 6, 2024. [NEWS1]

Income, long-term residency — still no loan: Korea's credit wall for foreigners

Foreigners, even those on salaries and residency visas, have fought a losing battle to get bank loans for years, and when they do, the interest rate is exorbitant, but some banks are slowly working to change that as the foreign population grows.

2025.7.1

An advertisement for credit card loans is seen in Seoul on April 21. [NEWS1]

Credit card delinquencies hit 10-year high in Q1 amid economic slump

Delinquency rates at Korea's major credit card companies surged to their highest levels in a decade during the first quarter of 2025, reflecting the prolonged economic downturn, industry data showed Sunday.

2025.4.27

Supreme Prosecutors' Office building in southern Seoul [NEWS1]

Prosecutors raid Shinhan Asset Trust office in employee bribery investigation

Prosecutors raided Shinhan Asset Trust and its current and former employees, who are suspected of accepting bribes worth hundreds of millions of won in connection with trust operations on Wednesday.

2025.4.16

FTC probes KB Kookmin, Hana over alleged household loan ratio collusion

The FTC is investigating KB Kookmin Bank and Hana Bank for alleged collusion on household loan limits.

2025.2.17

From left to right are the office buildings of KB, Shinhan, Hana and Woori financial holding firms. [EACH COMPANY]

Q1 earnings for financial big four decline on one-off expenses

Shinhan, Hana, Woori and KB all reported an on-year drop in earnings for the first quarter, driven largely by compensation reserves for Hong Kong-tied derivative products.

2024.4.26

Investors of the troubled Hong Kong-tied derivative products demand full compensation for their losses in a protest held in central Seoul on March 15, 2024. [YONHAP]

KB, Shinhan to issue compensation for HK-linked ELS losses

The biggest seller of the troubled derivative products, KB Kookmin, and Shinhan announced that they would implement a voluntary compensation scheme on Friday.

2024.3.29

Shinhan Financial Group Chairman Jin Ok-dong speaks at the company’s SHeroes conference in celebration of International Women’s Day in central Seoul on Friday. [SHINHAN FINANCIAL GROUP]

Shinhan Financial Group hosts conference for International Women’s Day

SHeroes is a program dedicated to fostering female leadership at Shinhan. The company began the program in 2018.

2024.3.10

Shinhan Financial Group Chairman Jin Ok-dong gives a speech in central Seoul on Nov. 8. Shinhan Financial Group registered 4.37 trillion won in net profit last year, down 6.4 percent on-year. [YONHAP]

Shinhan logs $3.29 billion profit, down 6.4% amid weak market

Shinhan said a pre-emptive accumulation of provisions, financial programs for self-employed workers and the reduced valuation of alternative assets contributed to the drop.

2024.2.8