Search results for HUG
Finance
Woori Financial joins government-led fund to support first-generation new town redevelopment
Woori Financial Group said on Wednesday that Woori Bank and Woori Asset Management will join the government-led Future City Fund as key partners to support redevelopment projects in first-generation new towns. The fund was created to meet redevelopment demand for about 530,000 households in Bundang, Ilsan, Pyeongchon, Sanbon and Jungdong. Woori Bank will invest 480 billion won in the first 600 billion won master fund and supply low-interest initial project financing.
Finance
KB Securities posts Q1 net profit of 350.2 billion won, up 92.75 percent year on year
KB Securities posted a sharp rise in first-quarter earnings, helped by stronger stock markets. Consolidated revenue rose 179.46 percent from a year earlier to 8.35 trillion won. Net profit increased 92.75 percent to 350.2 billion won and operating profit climbed 101.73 percent to 453.1 billion won. The company recorded broad-based growth across wealth management, investment banking, capital markets and wholesale operations.
Finance
Shinhan Bank expands support to prevent lease fraud, subsidises guarantee fees for youth and vulnerable groups
Shinhan Bank said on Wednesday it will run a financial-cost support programme to help prevent jeonse lease fraud and strengthen housing stability for tenants. The programme subsidises fees for deposit-return guarantee products, including HF Jikim Guarantee and HUG Return Guarantee, for eligible customers. It targets youth born from 1991 to 2006, multicultural families and households including a person with a disability. The programme runs through Nov. 30, with support capped at 300,000 won per person.
