South Korea’s Busan Bank to open office

South Korea’s Busan Bank has registered with the Directorate of Investment and Company Administration (DICA) to open a representative office in Myanmar, through DICA’s one-stop-shop service, according to the regulator’s website. Busan Bank, a subsidiary of Korean holding company BNK Financial Group, will join a number of other South Korean financial institutions in opening a […]

Hana Bank, microfinance unit, Myanmar, South Korean, Korea financial firms, banking, Chairman Shin Je-yoon

SEOUL, Aug. 4 (Yonhap) — South Korean lender Hana Bank said Monday it has established a microfinance institution in Myanmar, joining in the global competition to tap into the impoverished country that has launched dramatic reforms to open up its economy. The Hana Financial Group affiliate held the opening ceremony of “Hana Microfinance” in Hlegu […]