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November 24, 2023
[KH Explains] Bank stocks falter amid windfall tax proposal
...he National Assembly in Yeouido, Seoul on Nov. 16. "Korea also needs to lay the groundwork for financial companies to return their excess profits back to society," he added. Financial Supervisory Se... same amount that the windfall tax is expected to collect from banks. In ...
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November 22, 2023
KB’s new chief starts term by vowing to give back to society
Yang Jong-hee, the new chairman of KB Financial Group, South Korea's largest financial giant, commenced his official term on Tuesday, putting renewed emphasis on “giving back to society.” "I deeply ...burdens amid their record earnings, largely buoyed by rising interest rates...
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November 21, 2023
Hana rolls out first private-led venture fund of funds
Hana Financial Group on Monday announced the establishment of South Korea’s first privately led “venture fund of funds” with an investment of 100 billion won ($77.44 million). The announcement follo...ds is expected to create a more dynamic venture ecosystem, the financ...
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November 15, 2023
Hana holds conference for future female leaders
Hana Financial Group on Monday held a conference for Hana Waves, an in-house program to nurture future female leaders, to share the stories of nearly 100 leaders produced through the program over thr...ries were recommended by CEOs of Hana affiliates to devel...
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November 13, 2023
Korean banks to offer loans for Polish weapons deal
... after South Korea's Defense Ministry asked the top five commercial banks -- KB Kookmin, Shinhan, Hana, Woori and NongHyup -- to provide the lending during a meeting held on Nov. 6, as state-run banks...take some time to process. According to sources, the Polish government is currently...
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November 07, 2023
Korean commercial banks mull financing arms export to Poland
...Defense on Monday held a meeting with officials from five top local banks -- KB Kookmin, Shinhan, Hana, Woori and NongHyup -- to discuss providing loans to the Polish government for an arms export dea...uld not further extend credit as the law stipulates that the maximum amount of the s...
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November 06, 2023
Hana Bank to offer W100b in support for small business owners
Hana Bank is set to roll out a comprehensive financial support scheme worth 100 billion won ($75.6 million) to support small and medium-sized businesses, amid a prolonged economic slowdown and high i...longed period of inflation and high interest rates, a comprehensive program t...
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October 13, 2023
Korean economy expected to grow by 2.1% in 2024: Hana Institute
South Korea's economy is expected to achieve a growth rate of 2.1 percent in 2024, according to the recent report titled "2024 Economic and Financial Market Outlook" by Hana Bank's research institution, the Hana Institute of Finance. “Considering the base effect of t...
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October 10, 2023
Hana chief stresses sustainable financing in Europe
Hana Financial Group Chairman Ham Young-joo highlighted the importance of sustainable financing during his meeting with the Dutch ambassador for sustainable development in The Hague, Netherlands, Fri...rtunities of cooperation with Hana, a leader in ESG finance.” As ...
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October 08, 2023
[KH Explains] Foreigner-friendly ID verification service to make mobile banking easier
... would implement a residence card verification service from Sept. 18, in collaboration with the Financial Services Commission and the Korea Financial Telecommunications & Clearings Institute. “It is ...ack home because the interest rates are much higher there,” she said. “...
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September 22, 2023
Hana Financial launches 24/7 day care centers
Hana Financial Group announced Thursday it will launch a five-year project, Hana-run day care centers, that are open 365 days, even 24 hours a day, with the aim of reversing South Korea’s continually falling birth rate. This new project is a part of the program,
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September 19, 2023
[KH Explain] KB's chair candidate hopes to break out of pod
KB Financial Group is often referred to as a "big fish in a small pond," given its position as Korea's largest financial holding firm with a weak global presence. The group's new chairman candidate, ...domestic rivals in 2022, accounting for just 11 percent of the group’s overa...
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September 06, 2023
Hana Financial head meets with global investors in Hong Kong
The chairman of Hana Financial Group met with foreign investors through an investor relations event held in Hong Kong, Tuesday to expand the Korean banking group's presence in the global financial market. At the event, Chairman Ham Young-joo shared the financial<...
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September 04, 2023
Hana wraps up ambassador program with university students
Hana Financial Group said dozens of university students had completed its annual training program aimed at nurturing ambassadors on its environmental, social and corporate governance activities. The banking conglomerate held the closing ceremony for graduates of its “17th Smar...
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August 31, 2023
SK-backed Sapeon raises W60b in series A funding
... valuation now exceeds 500 billion won. Ascent Equity Partners led the financing as the primary investor. Other key investors included GS Group affiliates like Daebo Communication & Systems Corp., Hana Financial Group, Mirae Asset Venture Investment, WeVentures and a venture ...
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August 28, 2023
Hana donates educational supplies for Mexican students
Hana Financial Group said Sunday that it has donated educational supplies for students of a female boarding school in Mexico to support their English education. Escuela Villa de las Ninas, located i...300 students in its dormitories. The donation ceremony was held at the headq...
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August 17, 2023
Government to boost exports with W23tr financial support plan
...f Korea's economy, the government has introduced an additional 23 trillion won ($17.18 billion) financial support plan, building upon a prior 16.7 trillion won initiative in funds for export enterpris...ves the active participation of commercial banks. Five major banks — KB Kookmin, S...
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August 16, 2023
SPAC listing market stable after rules eased: KRX
...ly triple on the first trading day, with prices going up to 299 percent of its debut price on July 6. But more recently, SPAC IPO prices have been relatively moderate. Prices of KB No. 26 SPAC and Hana Financial No. 28 SPAC, which made their stock debuts Thursday, reached 123...
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August 16, 2023
Lotte chairman highest-paid chaebol leader in H1
...ee Hae-jin received 1.24 billion won, while CEO Choi Soo-yeon received 1.04 billion won. Among financial circles, Hyundai Card Vice Chairman and CEO Chung Tae-young was the highest paid figure, havin..., following stock fraud allegation involving SG Securities Korea. Among Korea's top...
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August 11, 2023
Hana teams up with Incheon, FSS to support SMEs on ESG efforts
Hana Financial Group said Thursday it signed a fresh agreement with the city government of Incheon and the Financial Supervisory Service to support small- and medium-sized businesses to better respond to calls for environmental, social and governance management. The s...