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Hana Bank
Hana Bank (), known from its initial establishment in 1971 to 1991 as Korea Investment Finance Corporation (), is one of South Korea's largest banks. It merged with Seoul Bank (est. 1959) in 2002, then with Korea Exchange Bank (est. 1967) in 2015, and was branded KEB Hana Bank from 2015 to 2019. It is a subsidiary of Hana Financial Group. Hana Bank is the largest and longest-running exchange bank in South Korea, with 40% of South Korea's foreign exchange market. Its exchange services include currency exchange and wire transfers. History The Korea Investment Finance Corporation was established in 1971, and changed its name to Hana Bank as it started banking operations in 1991. In 1998, it acquired Chungcheong Bank, which it rebranded as Chungcheong Hana Bank (later Hana Bank Chungcheong Business Group). In 1999, it merged with . In August 2002, it was announced that Seoul Bank, one of Korea's largest banks which had been determined as insolvent and taken into government owners ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocean, with the China, People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. It has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its Urbanization by country, highly urbanized population is concentrated. The combined Free area of the Republic of China, territories under ROC control consist of list of islands of Taiwan, 168 islands in total covering . The Taipei–Keelung metropolitan area, largest metropolitan area is formed by Taipei (the capital), New Taipei City, and Keelung. With around 23.9 million inhabitants, Taiwan is among the List of countries and dependencies by population density, most densely populated countries. Tai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1967
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Seoul
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of South Korea
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, the economy was worth (US$1.87 trillion). It has the 4th largest economy in Asia and the 13th largest in the world as of 2025. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few decades. This economic growth has been described as the Miracle on the Han River, which has allowed it to join the OECD and the G20. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. Among OECD members, South Korea has a highly efficient and strong social security system; social expenditure stood at roughly 15.5% of GDP. South Korea spends around 4.93% of GDP on advanced research and development across various sectors of the economy. South Korea's education system and the establishment of a motivated and educated populace were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of South Korean Companies
South Korea is a sovereign state in East Asia, constituting the southern part of the Korean Peninsula. Highly urbanized at 92%, South Koreans lead a distinctive urban lifestyle; half of them live in high-rises concentrated in the Seoul Capital Area with 25 million residents and the world's sixth-leading global city with the fourth-largest economy and seventh-most sustainable city in the world. Driven by a highly educated and skilled workforce, it has the world's eighth-highest median household income, the highest in Asia, and its singles in particular earn more than all G7 nations. Globally, it ranks highly in personal safety, job security, and healthcare quality, with the world's third-highest health adjusted life expectancy and fourth-most efficient healthcare system. It is the world's largest spender on R&D per GDP, leading the OECD in graduates in science and engineering and ranking third in the Youth Wellbeing Index. Home of Samsung, POSCO, LG and Hyundai-Kia, S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In South Korea
This is a list of South Korean banks and the parenthesized number is the bank number. Central bank *Bank of Korea (001) Specialized banks Specialized banks are financial institutions established under a special act, not the Korean Banking Act. The South Korean government owns the majority of its shares in the Korea Development Bank, Industrial Bank of Korea, and Korea Eximbank. Suhyup Bank and Nonghyup Bank are not owned by the Korean government, but their organizations (NFAC – which is a sole shareholder of Nonghyup Financial Group – and NFFC) are largely influenced by the Korean government. *Export-Import Bank of Korea (008) *Industrial Bank of Korea (003) *Korea Development Bank (002) *Nonghyup Bank (011) *Suhyup Bank (007) Commercial banks Nationwide *Citigroup **Citibank Korea (027) *Hana Financial Group **Hana Bank (081) *KB Financial Group Inc, KB Financial Group **Kookmin Bank (004) *Standard Chartered **Standard Chartered Korea (023) (trading as SC First) *Shinhan Fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LPGA KEB Hana Bank Championship
The LPGA KEB HanaBank Championship was a women's professional golf tournament in Incheon, South Korea, co-sanctioned by the LPGA of Korea Tour and the LPGA Tour The Ladies Professional Golf Association (LPGA) is an American organization for female golfers. The organization is headquartered at LPGA International in Daytona Beach, Florida, and is best known for running the LPGA Tour, a series of weekly .... Until 2013, it was a 54-hole event with a limited field of 78 players, approximately half of a full-field event. There was no cut; all players played all three rounds. However, the LPGA Tour imposed a points cut to the top 40 players (and ties) for purposes of championship points towards the CME Globe. In 2014, the event became a 72-hole event, and again only has a symbolic cut of 40 players at the end of the tournament for CME Globe purposes. Tournament names *2001–2002: Sports Today CJ Nine Bridges Classic *2003–2005: CJ Nine Bridges Classic presented by Sports Tod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hana Bank Invitational
The Hana Bank Invitational () is a men's professional golf tournament currently played in Japan and formerly in South Korea and China. The 2018 event was held in June on the west course at the Lakeside Country Club near Yongin. Prize money was . In 2019 the event moved to the nearby 88 Country Club with increased prize money of . The field includes a number of invited Japanese and Chinese golfers. A similar event, the "Korea-China Tour KEB Invitational", which included Korean and Chinese golfers, was held six times from 2008 to 2010. The event was held twice a year, once in China and once in South Korea. In 2023, the event moved location to Japan, being played at the Chiba Isumi Golf Club in Otaki, Chiba. The event also gained Japan Golf Tour The Japan Golf Tour () is a prominent professional golf tour. It was founded in 1973 and as of 2006, it offered the third-highest annual prize fund out of the regular (that is not for seniors) men's professional tours after the PGA Tour an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yonhap News Agency
Yonhap News Agency (; ) is a major news agency in South Korea. It is based in Seoul, South Korea. Yonhap provides news articles, pictures, and other information to newspapers, TV networks and other media in South Korea. History Yonhap was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese Japanese colonial era. In 1999, Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the British academic and historian James Hoar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
