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Global X Japan, Mirae Asset Global Investments' Japanese exchange-traded fund unit, has surpassed 1 trillion yen ($6.17 billion) in assets under management, marking a major milestone as it rapidly expands its presence in Japan's ETF market. Mirae Asset said Monday that Global X Japan's AUM reached 1.14 trillion yen at the end of June. The company first crossed the 1 trillion-yen threshold in May and has continued to attract strong inflows. Established in 2019, Global X Japan was Japan's first ET
The American Chamber of Commerce in Korea has launched K-Doorknock, a new initiative to help Korean companies expand their business and investment footprint in the US. The program debuts as part of AmCham's annual Washington Doorknock mission, which will take place in Washington from Sunday through Wednesday. Washington Doorknock is AmCham's flagship annual advocacy program, bringing together business leaders, US policymakers and thought leaders to discuss key issues in the US-Korea economic rel
Chairman Chey Tae-won will not swing a hammer or pull a rope in New York on Friday morning. He is expected to press a touchscreen. At 9:30 a.m. Eastern time, or 10:30 p.m. in Seoul, the gesture will mark the Nasdaq debut of SK hynix’s American depositary receipts, giving US investors a direct dollar-traded route into the South Korean memory chipmaker. SK hynix announced it has set the ADR price at $149 per share, with 177.9 million shares on offer. The offering is expected to generate about $26.
Hana Financial Group said Thursday it had held a customer appreciation event at its headquarters in Myeong-dong, central Seoul, to mark the first anniversary of Hana The Next My Home Pension, its private reverse mortgage product. The event celebrated the product's first year in the market and thanked customers who have enrolled in the program, which was designated an innovative financial service by the Financial Services Commission. Launched in May 2025, the product combines Hana Bank's collater
Major global investment banks have raised their average forecast for South Korea's economic growth this year to 3 percent, the Korea Center for International Finance said Monday, citing a semiconductor-led export boom. The average 2026 real gross domestic product growth forecast among eight major global investment banks rose to 3 percent at the end of June from 2.8 percent a month earlier, marking the first time the consensus has reached the 3-percent level. The outlook has steadily improved fro
Samsung Electronics appears to have overtaken Nvidia to post the world’s largest quarterly operating profit among major tech companies, reporting a record 89.4 trillion won ($58.6 billion) for the second quarter on booming demand for AI memory chips. Samsung said Tuesday its preliminary operating profit for the April-June period surged 1,810.3 percent from a year earlier. Revenue jumped 129.3 percent on-year to an all-time high of 171 trillion won. The operating profit also beat the market conse
LG Electronics said Tuesday it delivered its best-ever second-quarter performance, helped by strong sales of home appliances, vehicle components, and heating, ventilation and air-conditioning systems. In a regulatory filing, the company estimated its operating profit for the April-June period at 1.58 trillion won ($1.04 billion), up 146.9 percent from a year earlier. Revenue rose 14.9 percent on-year to 23.83 trillion won. The preliminary results beat market expectations. According to financial
The National Pension Service resumed rebalancing its domestic equity portfolio this month, but the pace of selling during the first three trading days was slower than investors had feared, suggesting the market impact may be less severe than expected. The NPS, the world's third-largest pension fund with more than 2,000 trillion won ($1.47 trillion) in assets under management, increased holdings in stocks including SK hynix, Hanwha Aerospace and Hybe while continuing to trim its overall domestic
US President Donald Trump has repeatedly bought and sold shares of New York-listed Coupang Inc., the parent company of Korea’s Coupang business, over the past 10 months amid ongoing discord between Seoul and Washington over Coupang’s data breach. According to the financial disclosure reports released by the US Office of Government Ethics on Wednesday, Trump executed 18 transactions involving Coupang stock through two investment accounts between October 9 and May 22 this year. The disclosures sho
The personal information of 17,551 Woori Bank customers was leaked after an employee at an external software developer retained customer data without authorization and uploaded it, the bank said Friday. The leaked information included connecting information, or CI, an encrypted identifier used to verify individuals online, as well as customer nicknames. Phone numbers, resident registration numbers and home addresses were not compromised, according to the bank. The affected customers had expresse
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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