Search results for Korea Institute of Finance
Finance
Will South Korea revive push for fourth internet bank as innovation and soundness clash
Discussion on launching a fourth internet-only bank in South Korea has resurfaced. Participants broadly agree on the need for financial innovation and wider inclusive finance, but concerns remain over soundness and market saturation. Experts said the debate should focus less on whether it is needed and more on how it should be 추진ed. Financial authorities leaned toward conditional caution, saying they must verify both value creation and associated risks, including stable funding and sound management plans.
Finance
Korean stocks see record volatility on Middle East risks; AI race accelerates
South Korean stocks are seeing sharp swings as Middle East geopolitical risks broaden, raising the prospect of a prolonged war and pushing up oil prices and uncertainty in global markets. Extreme intraday moves have repeatedly triggered buying and selling sidecars. Financial groups and banks are reshaping governance ahead of annual meetings and stepping up efforts to expand women’s leadership. The industry is also accelerating AI-driven digital transformation across banking, payments and financial content.
Finance
KB Kookmin Bank recommends Yeon Tae-hoon as new outside director
KB Kookmin Bank said on Thursday its outside director nomination committee recommended 1 new outside director and 3 outside directors for reappointment. The bank recommended Yeon Tae-hoon, a senior research fellow at the Korea Institute of Finance, as the final candidate for the new post with a two-year term. Yeon studied economics at Seoul National University and earned master’s and doctoral degrees at the University of Michigan, and has researched financial markets including capital markets and consumer protection.
