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Finance

Shinhan Bank targets first salary transfer customers with time deposit paying up to 4 percent

Shinhan Bank has introduced a time deposit that links use of its Super SOL service with a customer\'s first salary transfer to the bank, offering an annual interest rate of up to 4 percent for a 12-month term. The total sales cap is 500 billion won, and sales will end once the limit is reached. The product is available in 6- and 12-month terms, with preferential rates for eligible Super SOL users and salary deposits.

Finance

Shinhan Bank launches same-day ETF trading for retirement pensions

Shinhan Bank has introduced a service that allows retirement pension customers to buy another exchange-traded fund on the same day they sell an ETF. The bank said the service, for defined contribution and individual retirement pension clients, improves convenience by enabling reinvestment without waiting for settlement. It also added a linked trading function and supports switching among deposits, funds, target date funds and ETFs.

Finance

Shinhan Financial, regulators and police step up response to no-show scams, offer up to 3 million won support

Shinhan Financial Group will work with financial authorities and the National Police Agency to prevent “no-show” scams targeting small merchants. Shinhan Bank will provide free insurance to about 150,000 merchants on its delivery app Ttanggyo-yo, offering support of up to 3 million won if losses occur. A month-long joint campaign will run from Sept. 14 with the Financial Services Commission, Financial Supervisory Service and police, alongside prevention guidance and publicity to improve transaction practices.