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Finance

Woori Bank to support Taekwang Industries partner firms with loans, succession consulting

Woori Bank will support financing for partner companies of Taekwang Industries based on a 20 billion won mutual-growth deposit placed by Taekwang. Eligible firms will receive loan support with interest-rate discounts of up to about 3.5 percentage points. The bank will also provide business succession consulting to facilitate generational transition and offer asset management services for partner-company employees, aiming to strengthen competitiveness across the supply chain.

Finance

BNK Financial reshuffles organization to focus on Busan-Ulsan-South Gyeongsang industries and AX

BNK Financial Group has carried out a second-half organizational reshuffle centered on a strategy tailored to the Busan-Ulsan-South Gyeongsang region and support for key local industries. It set up new units at the holding company to handle regional economic research, localized ESG strategy and an AI transformation drive, and created dedicated industrial finance organizations at Busan Bank and Kyongnam Bank. It also added teams focused on digital assets and marine finance.

People & Appointments

Shinhan Financial publishes \'2026 Hyean\' guidebook on wealth management solutions across seven areas

Shinhan Financial Group is strengthening wealth management content for ultra-high-net-worth individuals. It published a guidebook, \"2026 Hyean,\" that organises key wealth management issues such as investment, real estate, taxes, inheritance and business succession. The publication is a flagship content piece for its group-wide Shinhan Premier brand and was issued for the second time this year. Shinhan will also hold its first related offline forum on Aug. 31.