People & Appointments

iM Financial wins presidential citation for elderly welfare contributions, first since foundation launched

iM Financial Group\'s iM Social Contribution Foundation has received a presidential citation for the first time since its establishment, the group said. The foundation was recognised for its work to improve elderly welfare, including financial education for seniors and support for vulnerable older people. It has run tailored programmes at elderly welfare facilities and provided on-site education to prevent financial fraud such as voice phishing.

Finance

Banks race for local government treasury contracts heats up amid fairness row over criteria

Competition among banks to win local government treasury contracts is intensifying, with a growing dispute over whether evaluation criteria are fair. The Financial Supervisory Service has warned about excessive competition driven by banks with stronger capital through cooperation project funds. Regional banks are also protesting that some municipalities count local agricultural cooperative branches as part of NH NongHyup Bank’s network. Jeonnam-Gwangju and Sejong are receiving proposals this week for 2027-2030 contracts.