Korea Joongang Daily
Korea JoongAng Daily

Five banking groups unveil plan to provide 1 trillion won in startup support

Hana Financial Group and four other banking groups will provide 1 trillion won ($680 million) worth of financial support for startups as part of their efforts to boost productive finance and help invigorate the venture industry.

2026-04-30

Woori Bank holds seminar on U.S. market entry for SMEs

Woori Bank held a seminar to share insights and practical knowledge on U.S. market entry for small- and medium-sized enterprises (SMEs) seeking to expand overseas, it said on Thursday.

2026-04-30

Korea's daily forex trading hit record high in Q1, BOK data reveals

Daily foreign exchange trading by banks in Korea hit an all-time high in the first quarter, driven by increased cross-border trading of stocks and bonds and hedging, central bank data showed Wednesday.

2026-04-29

Ex-basketball coach accused of making sexist remarks against player

Bucheon Hana Bank senior coach Jung Sun-min, who left the team after the 2025-26 season, has been accused of making a sexually discriminatory remark against a player earlier this month.

2026-04-29

Eximbank, officials from 11 embassies strategize on critical mineral supply chains

Officials from 11 embassies gathered at the Export-Import Bank of Korea (Eximbank) on Monday for the Critical Minerals Roundtable to strategize on ways to secure the supply chains of critical minerals amid the ongoing crisis in the Middle East.

2026-04-28

Lending rates fall in March for first time in four months

Banks' overall lending rates fell for the first time in four months in March as a decline in corporate loan rates outweighed a rise in household lending rates amid tighter regulations aimed at stabilizing the housing market, data showed Tuesday.

2026-04-28

Stronger economic growth reduces expectations for BOK rate cuts

Korea’s stronger-than-expected economic growth is rapidly reshaping the monetary policy outlook, as fading slowdown fears and persistent inflation dampen expectations for rate cuts and push the BOK closer to a potential rate hike cycle.

2026-04-26

Hana Bank signs trilateral cooperation deal for push into Vietnam

Hana Bank is expanding its push into Vietnam, signing a trilateral cooperation deal and launching a cross-border QR payment service for Korean tourists.

2026-04-26

Woori Financial Group's net profit drops 2.9 percent in first quarter

Woori Financial Group on Friday reported a decline in its first-quarter net profit on increased costs.

2026-04-24

GDP grows 1.7% in Q1, nearly double February forecast: BOK

Korea’s economy grew 1.7 percent in the first quarter, rebounding far more sharply than expected on strong semiconductor exports and recovering investment, the Bank of Korea (BOK) said Thursday.

2026-04-23