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Shinhan Financial Forms 200 Bil. Won Fund for Japanese Solar Power Investment

Shinhan Financial Forms 200 Bil. Won Fund for Japanese Solar Power Investment

SEOUL, Nov. 16 (Korea Bizwire) — Shinhan Financial Group held a signing ceremony on November 14 with six institutional investors who will invest in the 200-billion-won “Shinhan BNPP Japan Solar Power Fund.” The targeted blind fund will specialize in investing in companies in Japan’s solar power industry. This is a 23-year closed private equity trust fund [...]

Banking Group CEOs Get Undeserving Sums of Compensation for Their Meager Profit

Banking Group CEOs Get Undeserving Sums of Compensation for Their Meager Profit

SEOUL, Sept. 29 (Korea Bizwire) —The compensation of leaders in major financial institutions has increased too much too fast while their financial performances are not getting any better. Korea Institute of Finance research fellow Kim Woo-jin said in a report “What Makes Global Top-50 Banks Different from Others?” the annual pay of Korean bank CEOs is [...]

Upcoming Deregulatory Measure May Change Financial Industry Landscape

Upcoming Deregulatory Measure May Change Financial Industry Landscape

SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]