Korean financial firms rush into Myanmar for loan opportunities

South Korean financial companies are rushing into Myanmar as they see fresh investment opportunities in the country that has started to open up after almost 50 years of military rule. In addition to leading lenders Shinhan Bank Co. and Woori Bank Co. and personal loan provider BNK Capital Co., IBK Capital Corp. is expected to […]

Nonghyup Financial eyes Indonesian, Myanmar banks

SEOUL, Aug. 3 (Yonhap) — Nonghyup Financial Group Inc., South Korea’s fourth-largest banking group by assets, is considering buying banks in Indonesia and Myanmar in a bid to expand its overseas business and diversify its portfolio, the group’s chairman said Monday. Nonghyup Financial is the biggest state-run agricultural cooperative whose stakeholders include farms and other […]