Search results for trade remittances
Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.
Finance
Shinhan Bank runs 100 percent exchange rate discount event for receiving trade remittances
Shinhan Bank said on Sunday it is running an event from April 20 offering a 100 percent exchange rate discount to small and medium-sized companies and sole proprietor customers when they receive trade remittances. The bank said the program is aimed at easing financial burdens and improving convenience for customers newly starting trade transactions or with no recent foreign exchange remittance history at Shinhan Bank. The event runs through Oct. 19 and applies to 23 currencies.
Finance
Hana Bank wins Global Finance best trade finance provider in Korea award
Hana Bank won Global Finance magazine\'s award for best trade finance provider in Korea for 2026, the bank said. It said it received the award for the 25th consecutive year at a ceremony held in London on March 4 local time. The bank said the recognition reflects the quality of its trade finance products and services and its technology. It is expanding support for exporting and importing companies through guarantees, financing and digital services.