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December 27, 2021
More women promoted, but hurdles remain in finance
The public and private financial sectors have recently appointed more women for leadership amid their drive to adopt environmental, social and governance values, but the field remains overwhelmingly ...m showed that only 7.2 percent of some 110 executives in four major banking groups – K...
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December 21, 2021
Banking giants set to deliver record dividends
...are expected to hand out record-high dividends this year amid their highest net profit estimates buoyed by pandemic recovery, officials said Dec. 20. The total dividends the four companies -- KB Financial Group, Hana Financial Group, Shinhan Financial Grou...
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December 21, 2021
From cryptocurrency to EVs, ‘green’ chips are all the rage
...eed 5-nanometer chips for their operations, allowing TSMC and Samsung Electronics to maintain a high level of operation rate at their advanced chip production lines,” said Claire Kim, an analyst at Hana Financial Investment. “Though it was only last year when TSMC began the...
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December 03, 2021
2nd urea crisis? Four metals China can weaponize against EV battery firms
...he real movie hasn’t even started yet. China can always send another wave of supply chain crises to Korea, and next time, the electric vehicle battery industry could be the target. According to Hana Financial Investment Thursday, electric vehicle batteries manufactured in...
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December 03, 2021
Posco Chemical enters US EV battery market via GM joint venture
...ntial weaponization of key raw materials is a risk factor. (Automakers) who secure stable supply chains through vertical integration can expect a premium in the market,” Kim Hyun-soo, an analyst at Hana Financial Investment, said. According to SNE Research, China commands 5...
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December 02, 2021
Government-led consumer finance data service kicks off
...lives more efficiently. The program dubbed “MyData” allows customers of 53 government-approved financial institutions to receive personal, customized and comprehensive finance data of their spending,...reviews by authorities as of Nov. 30, were greenlighted to launch their services D...
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December 02, 2021
KB picks young CEO to lead flagship bank
South Korea’s KB Financial Group said Dec. 1 it has tapped a 55-year-old sales executive to head its flagship KB Kookmin Bank, reflecting the financial giant’s drive to seek transformation in busines... is somewhat younger than other industry leaders such as Shinhan Bank CEO J...
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December 02, 2021
Posco mulls holding company structure: sources
...well as creating a better cash flow with restructuring of the affiliate’s business, which can possibly positively influence the group’s valuation in the market,” said Song Seon-jae, an analyst from Hana Financial Investment. The group’s spokesperson said that nothing has ...
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December 02, 2021
[Battery+] 1%: Shocking profitability of EV battery biz
...sung SDI and SK On -- is expected to get even worse, as the global chip shortage is dealing a massive blow to the EV market. No chip, no EV, no battery According to Kim Hyun-soo, an analyst at Hana Financial Investment, the ongoing chip shortage crisis is expected to cont...
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November 12, 2021
Know your customers: Top bankers hit playgrounds of digital natives
...e 43-second video, which was designed for conceptual marketing rather than promoting a specific financial product. It depicts the singers traveling to KB’s digital world with their avatars after rece...d at “spreading digital culture in the company and enhancing understanding of futu...
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November 11, 2021
Efforts needed to improve ESG disclosure system: report
In the midst of the COVID-19 pandemic, South Korea’s financial groups have been gearing up for “sustainable financing” centered on environmental, social and governance factors, or ESG, but global exp...tment process amid the prolonged pandemic. Responding to the ESG boom, the nation’...
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November 10, 2021
S. Korean banking groups race for global ESG approval
... on their respective drives designed to adopt environmental, social and governance values. KB Financial Group, the nation’s No. 1 banking group by assets, said last month that it was officially endo...of credits and interest rates for corporates that can prove their carbon-offsetting...
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November 08, 2021
Banks in Korea to see mass voluntary retirements this year
...pplications in the months of January and July, while Woori Bank saw 468 leave this year so far. Hana Bank is set to start receiving this year’s applicants next month. It saw 574 employees leave thro...ck-and-mortar branches and downsize the workforce. According to data released by ...
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November 04, 2021
Regulatory move boosts Woori’s M&A drive
...ternal ratings-based approach for calculating risk-weighted assets will clear hurdles for Woori Financial Group to pursue more mergers and acquisitions with higher capital adequacy. On Nov. 2, Woori ...ill increase by 2 trillion won ($1.69 billion). Woori is the last among the country...
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November 03, 2021
Koreans borrow less, save more as ultralow rate era nears end
... charged on mortgage loans extended by the nation’s four major banks -- KB Kookmin Bank, Shinhan, Hana and Woori -- remained between 3.31 and 4.8 percent, as of Monday. The bottom and upper ends of th...e point to 0.75 percent, citing a solid economic recovery track, rising inflation a...
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October 19, 2021
Hana partners with Hyundai, Kia for connected car financial services
South Korea’s Hana Bank on Oct. 18 said it has teamed up with the nation’s top automakers Hyundai Motor and Kia alongside fintech startup Finda to develop financial services and products tied to conn...ta with other devices inside and outside the vehicle. Though details are c...
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October 18, 2021
Tightened credit lending continues amid eased rules on housing loans
...or homes, but their tightened grip over personal credit loans will continue under pressure from financial authorities, industry sources said on October 17. Jeonse is a housing lease system unique to... Meanwhile, starting Oct. 27, the nation’s five major lenders -- KB Kookmin Bank,...
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October 08, 2021
‘Squid Game’ sensation prompting money flow into S. Korean media scene
...cts this year alone. “The over-the-top market has seen substantial growth in Korea and abroad amid the stay-at-home trend driven by the prolonged COVID-19 crisis,” said Lee Ki-hoon, an analyst at Hana Financial Investment. “On the back of the growing popularity of K-conte...
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September 29, 2021
[KH Finance Forum] Experts, policymakers discuss South Korea‘s ESG blueprint
...e global movement to adopt environmental, social and governance values has pushed South Korea’s financial sector to commit to the ideals, but stronger efforts should be made to bring actual changes in...ine “Korea’s ESG revolution: Green shoots after the pandemic” -- were top banker...
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September 07, 2021
Hyundai Heavy’s IPO price set at top end
...18 million common shares on the domestic stock market, the company aims to raise up to 1.08 trillion won in IPO proceeds. Mirae Asset Securities, Korea Investment & Securities and Credit Suisse Securities are the lead underwriters of the IPO deal, while Hana Financial Invest...