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May 27, 2015 7:19 AM ET

Banks

Company Overview of Korea Exchange Bank

Company Overview

Korea Exchange Bank provides commercial banking, trust banking, foreign exchange, and merchant banking services to retail and corporate customers in South Korea and internationally. The company accepts current, savings deposit, fixed deposit, and time deposit accounts; and grants mortgage loans, loan on deposit collateral, industrial loans, overdrafts, discount of commercial bills, trade finance, and loan of fund for equipment, as well as loan for L/C settlement and foreign currency loans. It also provides investment banking and foreign exchange transaction services; financial advisory services and derivatives transactions; and brokerage, bancassurance, and investment products, as well as re...

181, 2-Ka

Ulchiro

Chung-ku

PO Box 2924

Seoul,  100-793

South Korea

Founded in 1967

Key Executives for Korea Exchange Bank

Chief Executive Officer and President
Age: 58
Chief Financial Officer
Chief Executive Officer of KEB Asia Finance Limited and President of KEB Asia Finance Limited
President of Korea Exchange Bank of Canada - HO
President of KEB USA International Corp
Compensation as of Fiscal Year 2014.

Korea Exchange Bank Key Developments

Korea Exchange Bank expected to report Fiscal Year 2014 results on May 26, 2015. This event was calculated by Capital IQ (Created on October 10, 2014).

Korea Exchange Bank expected to report Fiscal Year 2014 results on May 26, 2015. This event was calculated by Capital IQ (Created on October 10, 2014).

Korea Exchange Bank to Take Disciplinary Measures Against 10% Workforce; Reports Earnings Results for the Six Months Ended June 2014

Korea Exchange Bank (KEB) announced that it will take disciplinary measures against 898 workers, or 10% of its workforce, for taking part in illegal labor activities in September 2014. Despite repeated warnings against joining unlawful labor activities, 898 unionized workers never listened to the warnings and stepped out of their workplaces on Sept. 3, 2014 to take part in a general union meeting. The bank will hold a disciplinary committee for five days ending Sept. 24, 2014 to decide on punitive action against the union members. Twenty-nine of the 898 workers had already been suspended. It was 'inevitable' that union members would be disciplined, so the bank could get back on track. The bank has been struggling to integrate with Hana Bank since February 2012, when Hana acquired KEB from the U.S. private equity fund Lone Star. The company said that the union didn't answer the company's repeated requests for dialogue for integration. The company reported earnings results for the six months ended June 2014. For the period, the company’s net income climbed 66% to KRW 324.5 billion from KRW 195.5 billion.

Korea Exchange Bank To Reportedly Sell Its Stake In SK Hynix

Korea Exchange Bank is planning to sell its stake in SK Hynix, Inc. (KOSE:A000660) in a few months, reported Korea Times citing sources. Speculation has been circulating that Korea Exchange Bank may sell its SK Hynix stake as early as possible to maximize its investment gains.

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Type
Date
Target
Merger/Acquisition
February 4, 2015
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Private Placement
December 29, 2014
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Merger/Acquisition
October 29, 2014
Hana Bank
 

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