Search results for SOL Global
Finance
Shinhan Bank launches SOL Global account and debit card service for foreigners
Shinhan Bank said on Thursday it will roll out an innovative financial service with E9pay to simplify account opening for foreigners living in South Korea. The service links E9pay member information, with customer consent, to Shinhan’s non-face-to-face account opening process to reduce repeated data entry. Language support will also be strengthened using E9pay’s 20 languages and Shinhan’s 16-language services. A regulatory exemption allows E9pay to advertise and broker account opening.
AI & Enterprise
Shinhan Bank expands tailored financial services for ethnic Koreans from China
Shinhan Bank is partnering with the Chinese Korean Residents Federation to improve financial access for ethnic Koreans from China living in South Korea and expand tailored services. The bank said it signed a business agreement on Sept. 14 at its Seoul headquarters. The two sides will link Shinhan SOL Global with web-based financial services, run joint marketing for in-person and non-face-to-face events, and pursue cooperation projects to improve convenience.
Finance
Korean banks step up push for foreign customers with dedicated products and specialised networks
South Korean banks are intensifying competition to attract foreign customers as the number of foreigners staying in the country rises. Banks are expanding services beyond currency exchange and overseas remittances to payroll transfers, savings products, credit loans and wealth management. Major banks have strengthened dedicated products and specialised service networks. The combined number of foreign customers at key banks is estimated at about 7.9 million, with foreign deposit balances topping 27 trillion won.
