hana

Korea’s financial regulator decided on Friday that Hana Financial Group can proceed with its $3.48 billion purchase of Lone Star’s 51% stake in Korea Exchange Bank.

A muddle over a planned block sale of IBK shares highlights the Korean government's clumsy performance in the banking sector.

SK Telecom will buy 49% of Hana Financial Group's credit card subsidiary, Hana Card, for $343 million.

KDB's Bong Sik Choi tells FinanceAsia that the policy bank plans to be opportunistic, amid easing concerns about future state ownership.

Dollar bond issues by Hana Bank and Industrial Bank of Korea are likely to take advantage of government-issued foreign currency payment guarantees.

Korea's biggest bank suffers its first quarterly loss in four years as bad loans surge.

The commercial banking group says it will invest $259 million in a new China subsidiary.

Shinhan Financial was yesterday named the winning bidder for LG Card in an offer which values LG Card at W8.6 trillion ($8.9 billion).

Expect Lone Star to sell its stake in KEB to Kookmin - but don't expect everyone to be happy.