Tag: banking

banking

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Financial Services Commission Chairman Lee Eog-weon, second from right, speaks during an emergency review meeting about recent data breach on Oct. 4.

From banks to lenders, suspected AI hacks expose cracks in Korea's financial defenses

Breaches at banks, savings banks and consumer lenders exposed sensitive customer and loan data, raising fears of follow-on identity theft and fraud and spurring an emergency Financial Services Commission meeting.

2026.10.4

Hana Financial Group Vice Chairman Lee Eun-hyung, left, Posco International CEO Lee Kye-in, center, and Dunamu CEO Oh Kyoung-suk pose for a photo during a ceremony marking their partnership in central Seoul on April 29. [HANA FINANCIAL GROUP]

Hana Financial, others team up on overseas money transfer service powered by blockchain

Hana Financial Group, Posco International and the crypto exchange operator Dunamu signed an agreement on Wednesday to jointly develop blockchain-based, real-time cross-border money transfer services for global trade firms.

2026.4.29

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A QR code, which can be used for identification to withdraw and deposit money from ATMs using a newly launched mobile application, is displayed on the screen of an ATM in Seoul on Wednesday. The mobile app service was launched by the Korea Financial Telecommunications & Clearings Institute, the Committee on Financial Informatization Promotion and 17 domestic banks. [YONHAP]

QR convenience

A mobile app service that allows users to use QR codes as identification for ATM use was launched by the Korea Financial Telecommunications & Clearings Institute, the Committee on Financial Informatization Promotion and 17 domestic banks

2023.12.6

A promotional image announces that Shinhan Bank implemented the government's residence card verification system [SHINHAN BANK]

Shinhan Bank starts using new ID verification system for foreigners

Shinhan Bank announced Monday that it implemented the government's residence card verification system at its branches the same day and will do so for its online banking channels, such as the Shinhan SOL application in October.

2023.9.18

A member of the National Police Agency announces its recent findings on a cyberattack by North Korea that targeted as many as 10 million users last year, at the police precinct in Seodaemun District, western Seoul, on Tuesday. [YONHAP]

North Korean hacking group Lazarus behind cyber attack last year: Police

Major North Korean hacking group Lazarus was behind a cyberattack last year that targeted as many as 10 million users of a banking security app, the police announced Tuesday. The National Police Agency confirmed that the Lazarus Group...

2023.4.18

The office building of K Bank in Jung District, central Seoul [K BANK]

K Bank reports record net profit of 45.7 billion won in first half

K Bank reported a record net profit of 45.7 billion won ($34.9 million) in the first half, according to the bank on Tuesday. This is a turnaround from a net loss of 8.4 billion won in the first half of 2021.

2022.8.16

Korea to implement new global bank capital rules

Korea will begin to implement new global bank capital rules this month, the country's financial regulator said Sunday, a move that could boost capital adequacy ratios of Korean banks.

2020.6.28