Seoul, June 28 (IANS) Monthly spending by foreign tourists in South Korea reached a record high of over 1.4 trillion won ($911 billion) in May, marking the third consecutive month foreign spending surpassed 1 trillion won, data showed on Sunday.Credit card spending by inbound travellers came to 1.41 trillion won last month, up 73.7 percent from a year earlier, according to the data from the Korea Tourism Organization (KTO), reports Yonhap news agency.Spending by foreign travellers surpassed 1 tr…
Latest Hana Bank News & Updates
Seoul, Jan 21 (IANS) The antitrust regulator here said on Wednesday that it has imposed a combined fine of 272 billion won ($183.7 million) on the country’s four major commercial banks for allegedly colluding on real estate lending limits tied to loan-to-value (LTV) ratios.The banks — Shinhan Bank, Woori Bank, Hana Bank and KB Kookmin Bank — are accused of exchanging internal documents related to LTV ratios and coordinating their lending limits, a practice that restricted competition in the mo…