SEOUL, Nov. 11 (Korea Bizwire) — Major South Korean lender Hana Bank announced that it has converted its closed branch in Seoul’s central Euljiro neighborhood into a complex cultural space called H.art1 through remodeling. H.art1 consists of four floors. On the first floor are installed ATMs and cafes. On the second floor, about 110 artworks [...]
SEOUL, May 9 (Korea Bizwire) — South Korean brokerage house Hana Financial Investment Co. said Monday that it is seeking to take over affiliate Hana Bank’s subsidiary in Hong Kong as part of efforts to tap into the Asian financial hub. Hana Financial Investment is considering a plan to purchase a 100 percent stake in [...]
SEOUL, April 26 (Korea Bizwire) — Hana Bank, a major bank, said Tuesday that it has opened a branch in Taiwan, marking the first for any South Korean lender to start operation there. Hana Bank’s Taipei branch went in operation Monday, 10 months after the Taiwanese authorities approved the setup of the branch. Hana Bank [...]
SEOUL, March 29 (Korea Bizwire) — The Korea Development Bank (KDB), a state-run lender, said Tuesday its customers will be allowed to use ATMs and other offline branch offices of Hana Bank as part of efforts to enhance customer convenience. Under a deal for cooperation, all KDB customers will be able to use 3,576 ATMs [...]
SEOUL, Dec. 27 (Korea Bizwire) – KEB Hana Bank and Naver have teamed up to introduce a new AI-powered image search service with a financial twist. The two signed a business agreement for an image search service based on Naver’s AI system that will give users information about foreign currencies photographed through a ‘smart lens’, such [...]
SEOUL, Jul. 23 (Korea Bizwire) — South Korea’s top financial regulator on Wednesday gave preliminary approval for the merger of two flagship banks of Hana Financial Group Inc., the country’s third-largest banking group by assets. Hana Financial had been pushing for the merger between Hana Bank and Korea Exchange Bank (KEB) since its acquisition of [...]
SEOUL, Jul. 20 (Korea Bizwire) — South Korea’s top financial regulator is planning to give preliminary approval for the merger of two flagship banks of Hana Financial Group Inc., the country’s third-largest banking group by assets, later this week, officials said Sunday. Hana Financial has tried to merge Hana Bank and the Korea Exchange Bank [...]
SEOUL, July 13 (Korea Bizwire) — Major banking group Hana Financial Group said Monday that it plans to complete a merger between its two banking units — Hana Bank and Korea Exchange Bank (KEB) — before October as KEB’s labor union has agreed on the proposed merger. Hana Financial has been pushing for the merger since its [...]
SEOUL, May 22 (Korea Bizwire) — As local banks suffer from reduced net interest margins, they are looking to reduce operational costs to overcome their difficulties. KB Kookmin Bank is urging its employees to report their business activities verbally or via email, not through color prints or full color Powerpoint charts to save costs on printer toner [...]
SEOUL, May 19 (Korea Bizwire) — Korean banks are decreasing the number of their ATMs around the nation to compensate for losses they have been facing due to a recent drop in net interest margins. According to industry representatives on May 17, the number of ATMs at 6 major Korean banks, KB Kookmin, Shinhan, Hana, [...]