Shinhan Bank Archives | Be Korea-savvy
LG Twins Fans Win Big with Shinhan Bank Savings Accounts

LG Twins Fans Win Big with Shinhan Bank Savings Accounts

SEOUL, Oct. 24 (Korea Bizwire) – The LG Twins have secured the regular season crown in the KBO League, marking their first pennant win in 29 years. Since their last championship in 1994, the Twins have ranked second several times but mostly remained a middle to lower-tier team.  After finishing as runners-up in the KBO pennant [...]

KT Partners with Shinhan Bank to Develop AI, Metaverse Services

KT Partners with Shinhan Bank to Develop AI, Metaverse Services

SEOUL, Jan. 17 (Korea Bizwire) — KT Corp., South Korea’s major telecom operator, said Monday it has partnered with major South Korean lender Shinhan Bank to collaborate in new businesses, including artificial intelligence and platform services. KT said it will also acquire a 2.1 percent stake in Shinhan Bank for 437.5 billion won (US$366.9 million) [...]

Gap Between Rich and Poor South Koreans Increasing

Gap Between Rich and Poor South Koreans Increasing

SEOUL, March 13 (Korea Bizwire) — Income polarization deepened in 2017 with high income earners making more while low income earners brought in less. In addition, while individual income fluctuated by small margins, average household income and consumption fell. These conclusions were derived from a report published by Shinhan Bank that conducted research on the [...]

Shinhan Bank to Sponsor Top Baseball League for 3 Seasons

Shinhan Bank to Sponsor Top Baseball League for 3 Seasons

SEOUL, Jan. 15 (Korea Bizwire) – Shinhan Bank, one of South Korea’s largest lenders, will serve as the title sponsor for the nation’s top professional baseball league over the next three seasons. The Korea Baseball Organization (KBO) announced its three-year partnership with Shinhan on Monday. The amount of the sponsorship fee and the new league emblem will be unveiled at a signing ceremony in Seoul on Tuesday. Shinhan Bank also owns a [...]

Korea’s Financial Services Industry Saw Robust Growth Last Year

Korea’s Financial Services Industry Saw Robust Growth Last Year

SEJONG, April 10 (Korea Bizwire) – Korea’s financial services industry recorded 9.2 percent in output growth last year largely driven by interest revenues from growing household loans, government data showed on Sunday. According to Statistics Korea, the year-on-year production growth of financial institutions in 2016 was more than triple the 3 percent reported for the overall services industry.  By institution, banks gained 9 percent, the highest since 11.8 percent in 2008. Nonbank [...]

Shinhan Bank Abolishes Paper Forms to Boost Productivity

Shinhan Bank Abolishes Paper Forms to Boost Productivity

SEOUL, March 13 (Korea Bizwire) –  South Korea’s largest financial institution, Shinhan Bank, is scrapping paper forms, and instead, going digital in an all-out effort to raise productivity. From today, all Shinhan branches will provide most banking services digitally, including applications for accounts and credit cards. Shinhan’s bold move to replace paper with digital counterparts [...]