Park In-hye

6 days ago | pulse.mk.co.kr | Park In-hye |Han Yubin

South Korean commercial lender Shinhan Bank said on Sunday that its debit card for travelers hit 3 trillion won ($2.17 billion) in domestic and overseas transaction volume just 15 months after it launched in February 2024. Some of the overseas benefits offered by the Shinhan SOL Travel Debit Card, which is designed for travelers, include preferential exchange rates for 42 currencies, waivers for foreign transaction or ATM fees, and access to airport lounges.

2 months ago | pulse.mk.co.kr | Park In-hye |Han Yubin

South Korea is showing signs of a mismatch between credit supply and demand among corporate borrowers as demand for loans from Korean small and mid-sized businesses rise. However, commercial lenders are increasingly directing funds toward larger-sized borrowers.

2 months ago | pulse.mk.co.kr | Park Na-eun |Park In-hye |Han Yubin

South Korean financial institutions are ramping up efforts to utilize the digital asset market, including stablecoins, a type of cryptocurrency designed to maintain a constant value. According to multiple sources from the financial industry on Thursday, Shinhan Bank, NH Nonghyup Bank, and Kbank have decided to participate in the test for overseas remittances using won-based stablecoins, a first in Korea.

Mar 5, 2025 | pulse.mk.co.kr | Park In-hye |Han Yubin

South Korea’s commercial banks are beefing up non-financial services as part of their diversification strategies to move beyond traditional banking. Some are making mobile virtual network operators (MVNOs) and delivery apps key components of their profit sources. Shinhan Bank expanded its delivery app to highway rest areas.