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Kakao Bank has yielded the result of its first overseas investment, as Indonesian digital bank Superbank officially launched Wednesday. With the launch, Superbank becomes the first bank concentrating on digital financial services in Indonesia, supported by major shareholders that include Korean in...
Hana Financial Group Chairman and CEO Ham Young-joo met with overseas investors in Hong Kong through a two-day event to promote the banking group's strategies to elevate its corporate and shareholder values, the firm said Wednesday. At the event which took place Monday and Tuesday, Ham stressed ho...
South Korean banks are bolstering their services for foreigners to tap into the rapidly expanding foreign customer market. Shinhan Bank recently pioneered a service among local commercial banks that allows foreign residents in Korea to conveniently apply for new check cards online through its mobi...
Mirae Asset Financial Group said Friday that its founder and Chairman Park Hyeon-joo will be honored with the International Executive of the Year Award at the annual conference of Academy of International Business slated for next month. AIB, an eminent association of international business scholar...
By Park Se-ra ( serap1005@heraldcorp.com )
The Bank of Korea looks increasingly likely to push back the start of its interest rate-cutting cycle as late as October as the country enters the last mile in its inflation fight while the US dials back its rate cut forecasts, experts said Thursday. The country’s recent data showing signs of wea...
Korea's crypto data aggregator BlockSquare Seoul said Thursday that it plans to update its market analysis features in July to offer more detailed investment information for its users. Currently, the company provides market intelligence service under the name Retri, suggesting the best time to buy...
South Korean card issuer Shinhan Card is collaborating with regional Canadian governments and state-run tourism promotion agencies for local tourist marketing, starting with Alberta. Shinhan Card, the card arm of Korean finance giant Shinhan Financial Group, announced on Tuesday that it has signed...
More local banks are implementing so-called optional "parental resignation" programs as internal welfare measures, as one attempt to address the nation's notoriously low birth rate problem. According to industry sources, Woori Bank recently received applications for parental resignations with the ...
KB Kookmin Card on Monday celebrated the 30th anniversary of its Indonesian subsidiary, KB Finansia Multi Finance, in the capital city Jakarta. Established in 1994, KB FMF is a credit finance corporation that primarily offers mortgages for used cars and motorcycles, as well as installment financin...
Major business leaders in South Korea, Japan and China unanimously agreed on the need to enhance economic ties, with the highest expectations placed on economic revitalization and supply chain stability, a recent survey conducted by the Korea Chamber of Commerce and Industry revealed Sunday. The f...
South Korea's initial public offering market is set to maintain its momentum in the latter half of the year, driven by the stock market recovery, as well as the successful listings of big names earlier this year. Having shaken off last year's slump, the total amount raised through IPOs stood at 1....
Hana Financial Group has launched a team of honorary ambassadors composed of college students to promote the financial conglomerate, the firm announced Thursday. The 50 student representatives belong to the 18th team of the Smart Ambassador program. A total of 963 college students have participate...
Hana Financial Group announced Tuesday that its mobile currency exchange service, Travlog, has surpassed over 5 million subscribers, with the total amount exchanged exceeding 1.9 trillion won ($1.39 billion). Launched in July 2022, Travlog is a digital service that allows users to exchange currenc...
While the US Securities and Exchange Commission made another move to embrace cryptocurrency by approving exchange-traded funds tied to the price of ether, the most famous crypto after bitcoin, spot cryptocurrency ETFs remain out of reach for South Korean investors. On May 23, the US SEC gave the g...
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