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September 01, 2022
[Market Eye] Lone Star verdict highlights Korea's departure from global standards
...equity firm. But the verdict and the 10-year-long battle itself have revealed flaws in Korea’s financial and legal system that must be fixed before it can make the progress it aspires to, experts sai... were both senior officials at the regulatory body in 2011 when Lone Star was in ne...
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August 31, 2022
Korean financial groups make aggressive expansion in Vietnam
South Korean banking groups have been picking up the pace of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No.2 b...rom its business in Vietnam, up 128.5 percent from the previous year. Shinh...
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August 26, 2022
Tensions rise as Korea waits for verdict on Lone Star dispute
... government in November 2012, seeking $4.68 billion in compensation. Lone Star claimed that the financial authorities here botched its initial plans to sell a controlling 51 percent stake in the now-d...ake in KEB to HSBC. But by then, HSBC had backed off due to risks stemming from the ...
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August 24, 2022
SK Networks invests W4b in metaverse developer Com2Verse
...rse said the company is pushing for building an investment partnership worth 40 billion won with other local firms to co-develop the metaverse ecosystem. When Com2uS established Com2Verse in April, Hana Financial Group, Kyowon Group, Kyobo Bookstore and Doctor Now made investm...
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August 10, 2022
Korean battery makers keep close tabs on US Inflation Reduction Act
... US automakers, thanks to their localized battery value chain,” noted Song Sun-jae, an analyst at Hana Securities. But in the long run, Korean firms are at a crossroads over their use of Chinese mate... securing energy security and addressing climate change, is also excluding local EV...
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August 04, 2022
Top Korean banks face flak for profiting from surging rates
...l bank’s aggressive rate hikes. Last year, the top five commercial banks -- KB Kookmin, Shinhan, Hana, Woori and NH NongHyup -- alongside major regional lenders and internet-only banks accepted 26.6 ... customers to reevaluate their credit scores to cut the interest rates they pay on ...
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July 25, 2022
Hana, SKT ink partnership in ESG, digital financing
South Korea’s Hana Financial Group and SK Telecom signed a share-swap deal worth some 400 billion won ($305.3 million) to set up a new environmental, social and governance model, officials said Sunda...shares to the financial holding company over the years. Hana<...
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July 08, 2022
Hana Bank, Kyung Hee Univ. start philanthropic campaign
Hana Bank, one of the five biggest banks in South Korea, and Kyung Hee University launched a philanthropy campaign Wednesday to ask people to leave their fortunes to charity amid growing awareness of...cial impact. The bank will help those seeking to put money into philanthropic causes d...
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July 05, 2022
Kospi tumbles to new low for the year
... contribute to concerns of recession and prolonged supply chain woes,” he added. Daishin’s latest adjustment echoes KB Securities’ move to lower its Kospi target range to 2,100-2,750 for the second half of the year. Samsung Securities and Hana Financial Investment each for...
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June 30, 2022
Kospi’s rebound to 3,000 unlikely to happen anytime soon
...s trading at a multiple that is equal to 10 times earnings. “Given a downside risk to the 2023 financial year earnings estimation amid macro headwinds including prolonged inflationary pressure, howev...projects a target range of 2,100 to 2,750 for the second half of the year. Samsung ...
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June 16, 2022
BTS’ hiatus announcement rattles Hybe shares
...BTS members’ pending mandatory military services. In 2021, BTS accounted for 27 percent of Hybe’s US album sales and streams, according to the company’s fourth-quarter 2021 investor presentation. Hana Financial Investment, a major brokerage in Korea, recently lowered Hybe...
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June 14, 2022
Kakao, Shinhan go online to lure young subscribers
South Korea’s tech giant Kakao and financial giant Shinhan are set to launch online- and mobile-only insurers by next month to attract millennial and Generation Z customers with affordable and simple...ne-only insurance market here currently dominated by three existing insurers – Kyobo ...
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June 07, 2022
Hana Financial stresses connectivity in vision for 2030
Hana Financial Group has announced a set of mid- to long-term strategic goals for 2030 as it reorganized its corporate culture and strategy departments to better prepare for future industries such as...ce the company’s new vision, Hana Financial Chief Execut...
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May 31, 2022
Samsung Display to fully exit from LCD TV panel business in June
...and carried out gradually, Samsung Electronics will “unlikely be affected by Samsung Display‘s LCD panel exit” in terms of its continuity in the TV panel business, noted Kim Hyun-soo, an analyst at Hana Financial Investment on Monday. Samsung looks to pivot to quantum dot ...
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May 30, 2022
Fiscal chief signals drastic deregulations in financial sector
...has expressed his willingness to enact drastic deregulations and introduce innovations into the financial services sector during the Yoon Suk-yeol administration. Deputy Prime Minister and Finance Mi...(financial) consumers.” Choo’s remarks came during his meeting with chi...
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May 23, 2022
Hana Financial Group aims to expand support for youth startups
Hana Financial Group is expanding its project to help youth startups nationwide, as it has signed the first regional partnership with the Korea National University of Cultural Heritage, the group sai... and offer hands-on experiences for local college students and young people. ...
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May 18, 2022
Surge in embezzlement fuels calls for tougher oversight
...oughen internal oversight, referring to the recent theft of 61 billion won at Woori Bank, one of the five major banks here by asset. And employee theft is just as common at the other four banks -- Hana Bank, NongHyup Bank, Shinhan Bank and KB Kookmin Bank -- according to Rep. Yun Chang...
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April 24, 2022
KB outpaces banking rivals in Q1 with record earnings
South Korea’s KB Financial Group outperformed its local rivals, posting a record net profit for the first three months of the year as the banking industry’s overall performance was bolstered by a sur...d to businesses grew 1.9 percent in the cited period. A major shift was observed bet...
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April 24, 2022
Drug developer GI Innovation eyes IPO in second half
...lines are cruising well. For GI Innovation’s successful IPO and growth into a global company, we plan to keep our focus on 3S (Science, Strategy, Speed),” said Rhee Byung-geon, CEO of GI Innovation. NH Investment & Securities and Hana Financial Investment are the representa...
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April 14, 2022
Young won billionaires hold average assets of W6.6b: report
...ort showed Wednesday. The report dubbed 2022 Korean Wealth Report compiled by a think tank under Hana Bank was based on a survey of 1,952 Koreans above the age of 19 conducted in December last year. ...average 60 percent of the young rich’s 6.6 billion won in assets, while the rest wa...