SEOUL, Nov. 11 (Korea Bizwire) – As KakaoTalk starts its Bank Wallet Kakao service from November 11, Korean banks are rushing to offer bank account products exclusively for the service. For the so-called “Katok Bank” service, Korean commercial banks including Woori Bank, Hana Bank and Korea Exchange Bank(KEB) rolled out the accounts exclusively for the service to [...]
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 [...]
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 [...]
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 [...]