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The Korea Herald

MOBILE

Finance

Jan. 20, 2025
Mirae Asset beefs up covered call ETF lineup

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
Jan. 19, 2025
Woori Financial chief pens letter to reassure foreign investors

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
Jan. 17, 2025
Hanwha Life delivers mobile welfare centers to support Jakarta's women and children

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
Jan. 16, 2025
South Korean insurers hit by California wildfires

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
Jan. 16, 2025
Kakao Bank showcases fintech innovations at leading AI conferences

Kakao Bank, a Korean internet-only bank affiliated with Kakao Group, said Thursday that its fintech lab has been showcasing its advancements in artificial intelligence at prestigious conferences like EMNLP and NeurIPS. EMNLP and NeurIPS are widely recognized as the most authoritative platforms in the fields of AI, natural language processing and machine learning. Each year, leading experts, companies and research institutes gather to share cutting-edge research and innovations. At the EMNLP Indu
Jan. 14, 2025
Woori-Natixis invests $150m in US data centers

South Korean banking giant Woori Financial Group has invested $150 million in two US data centers in partnership with French investment bank Natixis. The investment marks the first move under the strategic alliance between the two companies, signed in June 2024, to jointly establish a global private debt fund. The funds were directed towards data centers in Arizona and Virginia, with respective capacities of 176 megawatts and 110 megawatts. Both facilities are secured under 15-year lease agreeme
Jan. 13, 2025
Mirae Asset Securities' web dramas hit 3.2m views

Mirae Asset Securities, a leading brokerage house in Seoul, said Monday that its web dramas have been captivating younger audiences. Since 2021, Mirae Asset has been releasing its web series, Future Company, on its official YouTube channel. Subsequent seasons, including "Journey to Mirae," have established the series as one of the company’s most notable digital content offerings. In October 2024, the fourth season, "To Your Mirae," was launched, focusing on themes of global investment and innova
Jan. 12, 2025
Capital Group becomes second-largest shareholder in KB, Hana

Global asset manager Capital Group is rapidly increasing its holdings in South Korea’s leading financial institutions, positioning itself as the second-largest shareholder in both KB Financial Group and Hana Financial Group. In a filing Friday with South Korea’s Financial Services Commission via the Dart system, Capital Group disclosed that it had purchased 3.22 million shares of KB Financial between Nov. 29 and Dec. 31, raising its stake from 7.24 percent to 8.06 percent. The acquisition makes
Jan. 12, 2025
G-Dragon becomes new face of Hana Financial

The banking group aims at a younger, trendier image through its collaboration with G-Dragon. Hana Financial Group unveiled K-pop artist G-Dragon as its new face, signaling a bold shift from the brand's senior-centric focus to a younger, more innovative identity. The group announced in a statement Sunday that the long-celebrated musical icon and member of Big Bang will be representing its brand, describing him as "an icon of innovation and a generational trendsetter." “With his uniquely creative
Jan. 6, 2025
NongHyup Card appoints first female CEO

NH Card, the card issuer under South Korean financial service provider NongHyup Financial Group, announced Monday it had appointed Lee Min-kyung, executive vice president at NH NongHyup Bank, as its first female chief. Lee will lead NH Card, which is operated as a company-in-company under the lender. The card unit explained Lee was named as its new CEO for her extensive experience in consumer protection and asset management. Born in 1967, Lee joined the bank in 1986 and has been with the lender

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099