People & Appointments

Shinhan Financial holds volunteer event with Shin Yu-bin to support youth preparing for independence

Shinhan Financial Group held a volunteer event at Seoul City Dream Tree Village in Eunpyeong-gu, Seoul, to support youth preparing for independence ahead of the Lunar New Year holiday. About 30 executives and employees, including Chairman Jin Ok-dong, took part in traditional games and cooking activities with children and delivered about 140 customised gifts. Shinhan said it will continue support using 100 million won raised by staff and the group.

Finance

KB Financial completes arrangement for Sinan Ui offshore wind project, first National Growth Fund investment

KB Financial Group said on Wednesday it has completed the financial arrangement for the Sinan Ui offshore wind power project, selected as the first investment by the public-private National Growth Fund. The 3.4 trillion won project involves building a 390 megawatt offshore wind farm off Sinan County in South Jeolla Province. KB Kookmin Bank and Korea Development Bank jointly arranged 2.89 trillion won in senior and subordinated loans.