[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 4 sources · 12 days · First seen · Last updated

South Korean municipal treasury selections

Overview

South Korean municipalities are undergoing processes to select financial institutions for managing their treasuries for the 2027–2030 term.

In Incheon, Shinhan Bank has been selected to operate the metropolitan treasury, managing approximately 14.45 trillion KRW. This selection has faced criticism from the Citizens’ Coalition for Economic Justice regarding the political composition of the deliberation committee. Meanwhile, the Geomdan-gu district in Incheon has chosen Hana Bank as its preferred institution based on evaluations of financial stability and resident convenience.

In the Jeonnam-Gwangju Integrated Special City, NH Nonghyup Bank and Kwangju Bank are competing for a treasury contract involving approximately 25 trillion won annually. The selection process includes evaluating creditworthiness and branch network distribution, a factor that may favor NH Nonghyup Bank due to its regional presence.

Entities

Jeonnam-Gwangju Integrated Special City · Hana Bank · Kwangju Bank · Geomdan-gu · Shinhan Bank

Timeline

  1. [BUSINESS] 2 sources
    NH Nonghyup Bank and Kwangju Bank compete for 25 trillion won treasury contract

    NH Nonghyup Bank and Kwangju Bank are competing to manage the Jeonnam-Gwangju Integrated Special City's 25 trillion won treasury from 2027 to 2030.

  2. [BUSINESS] 2 sources
    Incheon municipal treasuries selected for 2027–2030 term

    Incheon Metropolitan City selected Shinhan Bank for its primary treasury (2027–2030) amid transparency concerns, while Geomdan-gu chose Hana Bank as its preferred district treasury provider.

Sources

biz.heraldcorp.com · cunews.net · incheonilbo.com · seoul.co.kr