Search results for Industrial Bank of Korea
Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.
Finance
IBK Industrial Bank of Korea Q1 net profit 7.534 trillion won, down 7.5 percent
IBK Industrial Bank of Korea said on April 24 it posted consolidated first-quarter net profit of 7.534 trillion won and separate net profit of 6.663 trillion won. Consolidated net profit fell 7.5 percent from a year earlier and separate net profit declined 12.4 percent. The bank cited a base effect from last year’s record first quarter and the impact of Iran-driven exchange rate variables.
Finance
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
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Finance
IBK Industrial Bank of Korea launches fuel-cost relief event offering points and coupons
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Finance
Banks to pilot small business tailored credit rating model from August
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Crypto
Bank of Korea steps up \'Project Hangang\' as it presses CBDC pilot
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Finance
IBK Industrial Bank of Korea signs agreement with KOTRA to boost export support for SMEs
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Crypto
LG CNS joins phase 2 of Bank of Korea\'s Project Hangang to test deposit tokens
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Finance
Welcome Savings Bank launches co-CEO system with Park Jong-sung and Son Dae-hee, two-track AI shift and IB strengthening
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Finance
IBK Industrial Bank of Korea to provide 200 billion won support to SMEs involved in navy vessel MRO
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Finance
IBK Industrial Bank of Korea expands cooperation with policy lenders to strengthen productive finance
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Finance
Banks\' 4.9-day workweek spreads, accelerating revamp of branch operations
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Finance
IBK Industrial Bank of Korea, KIS Asset Valuation sign climate finance cooperation MOU
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Finance
NH NongHyup Bank to start early Friday leave from March 27
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Crypto
Bank of Korea begins phase two of Project Hangang to lay groundwork for commercialising digital currency and deposit tokens
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Finance
Naver Pay opens credit loan refinancing service for sole proprietors
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Finance
Banks, fintech brace for battle over refinancing for sole proprietors
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Finance
IBK Industrial Bank of Korea runs \'productive finance\' dedicated review team to support innovative SMEs