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Finance

Sh Suhyup Bank runs corporate credit analysis forum for SK Group affiliates

Sh Suhyup Bank is providing education on corporate credit analysis and financial strategy for employees of SK Group affiliates. The bank said on July 13 it is running the Sh Suhyup Bank Credit Strategy Forum to strengthen knowledge sharing and financial cooperation with corporate clients. The forum is being held in seven sessions for employees from units including SK Gas, SK Chemical, SK Discovery and SK Plasma at the ECO Hub inside the SK Discovery Complex.

Finance

Why Korea\'s financial sector is rushing to buy capital companies

Competition to acquire capital companies is intensifying in South Korea\'s financial sector. With limited room for growth in household lending and mounting constraints on profit models centered on deposit-to-loan margins, capital firms are emerging as a key route into the non-bank credit market. KakaoBank is pushing to buy Mastern Capital, Hanwha Life has been named preferred bidder for Acuon Capital, and Sh Suhyup Bank is reviewing options as it seeks to broaden its non-bank portfolio.

Finance

Sh Suhyup Bank to launch beauty savings product with Amore Mall, offering up to 4.3 percent interest

Sh Suhyup Bank is teaming up with AmorePacific to launch a lifestyle savings product combining finance and K-beauty. Customers who sign up will receive discounts and coupons usable at AmorePacific’s official online store, Amore Mall, along with an interest rate of up to 4.3 percent a year. The product will be sold from June 1 to Sept. 30, with a limit of 10,000 accounts and early termination if the cap is reached.