Shinhan Bank

Korean firms flock to ‘Asia’s last frontier’ Myanmar

September 11, 2019 by Thiha

In line with President Moon Jae-in’s tour of Southeast Asia this week, South Korean business leaders and ranking officials visited Myanmar, the reclusive country bordering China — that is opening up now. Several of them chose to visit Myanmar exclusively –- from Tuesday to Thursday — skipping Moon’s other destinations such as Thailand and Laos. […]

First South Korean Lender Starts Myanmar Ops

October 7, 2016 by thiha

Shinhan Bank, South Korea’s fourth-largest bank by assets, has set up a branch in Myanmar as part of its diversification strategy. The bank said it won final approval to start operations in Yangon from the Central Bank of Myanmar on September 15. This marks the first time for a South Korean lender to set up […]

Foreign banks finish licence legwork

October 6, 2016 by thiha

BRIEF: E.SUN Commercial Bank and State Bank of India – the last of the foreign lenders that won approval to open branches in Myanmar earlier this year – have finished the entry process and begin this week fully licensed. The Central Bank announced late last week that E.SUN Commercial Bank and State Bank of India […]

Shinhan, BIDV to open Myanmar branches

March 19, 2016 by thiha

Three days after winning a licence to operate banking services in Myanmar, Shinhan Bank announced yesterday that it will open a branch in Myanmar next year, seeking to expand its presence in the Southeast Asian country as part of its global strategy to find new revenue sources. South Korea’s most profitable lender said it aims […]

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]