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Two Major South Korean Banks Paralyzed as Staff Strike Continues

15,000 employees from Kookmin Bank and Housing and Commercial Bank set up hundreds of tents and other makeshift dwellings, making the Kookmin Bank's education center in a northern suburb of Seoul resemble ... the weekend.  Heads of Kookmin Bank's 590 branch offices across the country issued a joint statement ...

19/05/2010 - 10:02 - comment 0

South Korean Bank Unions Threaten Strike against Mergers

effects," Lee said.  The warning came as reports said Kookmin Bank and Housing and Commercial Bank (HCB) ... South Korean banking unions on Tuesday threatened a strike to protest against government-forced mergers in the debt-stricken banking sector. "If the g ...

19/05/2010 - 10:06 - comment 0

Global retail banks to spend USD 9 billion on business intelligence technology by 2012

(Germany), Grupo Santander (Spain), HSBC and Northern Rock (UK), Kookmin Bank and Woori Bank (Korea), ... Global retail banks are expected to spend USD 9 ... Global retail banks to spend USD 9 billion on business intelligence technology by 2012   Chartis ...

17/05/2010 - 19:31 - comment 1

EFG-Hermes partners with KB Asset Management to provide investors in South Korea with access to MENA Markets

Kookmin Bank, the largest bank in South Korea in terms of market capitalization and asset value ... in conjunction with KB Asset Management, South Korea. The launch follows leading regional investment bank ...

17/05/2010 - 20:22 - comment 0

South Korean banks retain huge bad loans

with 5.38 trillion won and Kookmin Bank with 4.49 trillion won.  Korea First Bank's bad loans stood ... followed an FSC report that most major banks were far behind schedule in carrying out reform measures ... was forced to inject another 50 trillion won into the restructuring of ailing banks. An evaluation ...

15/08/2010 - 23:54 - comment 0

South Korea PM Warns Strikers will be Arrested if Violence Erupts

Thursday bank workers would be arrested if they resorted to violence during a planned strike against b South Korean Prime Minister Lee Han-Dong warned Thursday bank workers would be arrested if they resorted to violence during a planned strike against bank restructuring plans.  The warning came a day before some ...

19/05/2010 - 10:02 - comment 0