KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.
September 21, 2022Days earlier a Woori Bank employee was arrested for embezzling KRW 61.4 billion between 2012 and 2018.
May 23, 2022The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.
March 18, 2022NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022The FSS is also proposing to force Hana Bank executives and employees involved in DLF mis-selling to pay penalties.
February 1, 2022The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
September 21, 2021Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021The launch will mean Japan's LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
June 4, 2021