▶주메뉴 바로가기
▶본문 바로가기
Regulator to set up fund under KDB to help companies respond in Trump 2.0 era With US President Donald Trump expected to be a powerful ally to the virtual assets industry, South Korea’s move to institutionalize cryptocurrency could accelerate, the chief of the country’s top financial regulator indicated Wednesday. "Though Trump did not mention virtual assets in his inaugural address, the US is likely to be more proactive (about virtual assets), considering his past pledges,” Financial Services C
South Korea’s financial authorities are streamlining delisting processes and expanding mandatory holding commitments for institutional investors to curb market distortion from short-term trading in initial public offerings. A set of reforms was announced at a seminar on stock market listing and delisting held Tuesday in Seoul by the Financial Services Commission, Financial Supervisory Service, Korea Exchange, Korea Financial Investment Association and Capital Market Institute. The reforms were i
South Korea’s acting President Choi Sang-mok vowed to ensure the economy remains resilient Tuesday, with a delegation sent to Washington amid concerns over risks stemming from a flurry of executive actions that US President Donald Trump signed immediately after his return to the White House. “We will strengthen the stability of our economy by maximizing opportunities from the launch of the new US government and minimizing risk factors,” Choi said during a meeting with government officials on ext
With threat of tariffs and shift in trade policies, major conglomerates prepare for a rocky road ahead in the all-important US market As Donald Trump returns to the White House for a second term, South Korean conglomerates are buckling up to navigate a potentially turbulent economic landscape. With promises of wide-ranging tariffs, renegotiation of trade deals and possible adjustments to key Biden-era policies, such as CHIPS and Science Act and the Inflation Reduction Act, South Korea’s export-d
South Korea on Monday announced its largest-ever financial support package: a 360 trillion won ($248.25 billion) plan to bolster exporters, with 50 trillion won dedicated to advanced strategic industries such as semiconductors and batteries, according to the Finance Ministry. The package was unveiled during a meeting of the government’s export finance consultative body, Fin-eX, which convened to discuss responses to heightened global uncertainties, including those related to the new US administr
Mirae Asset Global Investments, a leading asset manager in Korea, is to launch a covered call exchange-traded fund Tuesday, targeting retirees seeking a stable source of income after retirement. The asset manager will list the Tiger US Dividend Dow Jones Target Daily Covered Call ETF on the Korea Exchange on Tuesday. As its name suggests, the ETF tracks the stocks of 100 leading companies listed on the Dow Jones US Dividend 100 Index. It targets an annual yield of up to 12 percent. “With the agi
Woori Financial Group Chair Yim Jong-yong highlighted the group’s key accomplishments and reiterated his commitment to enhancing corporate value in a letter to major investors. According to Woori on Sunday, Yim emphasized his dedication to transforming Woori Financial into a stronger and more resilient financial group, citing Korea’s robust economic fundamentals and high level of political maturity as key enablers. “Given the strong commitment of value-enhancing enterprises, including Woori Fina
Hanwha Life on Friday delivered a mobile welfare service vehicle to Jakarta, Indonesia, to support the physical and mental health of women and children. "Visiting Family Center" vans were handed over to the Jakarta government Thursday. The ceremony was attended by around 200 people, including Hanwha Life Senior Executive Vice President of Communications Hong Jeong-pyo, Jakarta Governor Teguh Setyabudi, government officials, child protection agency representatives and residents. The "Visiting Fam
South Korean insurers are bracing for losses from the massive wildfire in Los Angeles, with DB Insurance and Korean Re bearing the largest impact, costing them approximately 90 billion won ($61.8 million). Industry sources indicate DB Insurance holds the largest exposure, with 37 active policies in the affected areas -- 34 home insurance contracts in Altadena and three small business insurance contracts in Palisades, the two regions hardest hit by the recent wildfire. A DB Insurance official sta
Korea Investment Holdings, the company behind South Korea's leading brokerage house Korea Investment & Securities, earned an MSCI rating upgrade for its efforts to boost environmental, social and governance initiatives. MSCI ESG Ratings, a gauge provided by global index manager Morgan Stanley Capital International, evaluate a company's ESG performance against peers on a seven-notch scale, considering over 1,000 data points and 35 ESG Key Issues. Under such metric, the Korean finance firm was upg
Samsung Biologics hits W4.5tr sales milestone
Hanwha heir strengthens US network at Trump’s inauguration
Hanjin sets sales record for 2024
Samsung C&T reports solid 2024 growth on diversified business portfolio
US overnight stockbroker Blue Ocean opens office in Seoul
Eximbank to offer W200b loan support for supply chain firms
Jan. 23, 2025
Jan. 22, 2025
Jan. 22, 2025
Jan. 21, 2025
Jan. 20, 2025
Jan. 20, 2025
Jan. 20, 2025
Jan. 19, 2025
Jan. 17, 2025
Jan. 16, 2025
Jan. 16, 2025
