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KSD to Begin 5th Year Campaign to Return Balance in Dormant Stock Accounts

KSD to Begin 5th Year Campaign to Return Balance in Dormant Stock Accounts

SEOUL, Oct. 2 (Korea Bizwire) – The Korea Securities Depository will initiate a campaign, jointly with KB Kookmin Bank and Hana Bank, to find the owners of stock investment accounts and return the remaining balance in the dormant accounts. A Korea Securities Depository official said on October 1, “The three financial institutions will offer the service in support [...]

Hana Bank Connects Committed Credit Line with China’ ICBC

Hana Bank Connects Committed Credit Line with China’ ICBC

SEOUL, Sept. 4 (Korea Bizwire) – Hana Bank announced it signed an RMB loan commitment between the Seoul branch of Industrial and Commercial Bank of China (ICBC) worth US$50 million. Thanks to the agreement, Hana Bank, which had already secured committed lines denominated in dollar and yen for its urgent liquidity needs, could not only diversify its foreign currency lending [...]

Banks Rush Into the “War of Mobile Wallet”

Banks Rush Into the “War of Mobile Wallet”

  SEOUL, July 23 (Korea Bizwire) –The sense of urgency that IT companies are encroaching on the mobile payment market is making banks to competitively beef up their smartphone-based electronic commerce services and scramble into the “war of mobile wallet.” Mobile Wallet or E-Wallet is a service that provides a convenient and technologically quick method [...]