Korea

South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.

The lender awaits approval from Korea regulator to put up branches in India, Brazil, Australia and Russia.

Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.

Moody's believes that  distress among Korean mutual savings banks will have a minimal impact on  Moody's-rated commercial banks in Korea.

KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.

Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.

South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.

South Korea's financial regulator on Saturday suspended operations of four savings banks, including three affiliates of the country's largest savings bank, Busan Savings Bank. It cited concerns over liquidity shortage.

Woori Finance Holdings will select a new chief of Woori Bank as it wraps up the nomination to lead the group's chairmanship.

South Korea's financial watchdog approved KB Financial to spin off credit card operations from its flagship Kookmin Bank.

Public management scandal forced bank to pick former vice chair as new chief executive.

Changing Lee could make matters worse for Woori, which is in the process of divesting 57% of its shares for privatization.

South Korea's three major banking groups have submitted bids for a troubled mid-sized savings bank.

The bank excluded China in moves as it does not allow foreign financial companies to have management rights.

Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.  

Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.