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Hana Financial Group hosted the Hana Financial Money Show on Thursday, a group-wide wealth management seminar showcasing integrated asset management solutions from across its banking, securities and insurance affiliates. The event marked the first time the group's affiliates had come together to host a joint seminar on asset management. While such events had previously been organized separately by each affiliate, this year's seminar brought experts from the group together under one roof. The gro
Woori Bank has opened an Asia headquarters in Singapore as the South Korean lender strengthens its corporate finance and investment banking business across the region. The commercial banking unit of Woori Financial Group said Friday it held an opening ceremony Tuesday in Singapore, officially launching a regional hub in one of Asia's main financial centers. The headquarters, first set up in January, will oversee seven Asian operations, including branches in Singapore, Hong Kong, Tokyo and Sydney
Hana Financial Group unveiled a new inclusive finance roadmap Thursday for small-business owners and low-credit customers, with measures including 3 trillion won ($2 billion) in loans and debt relief for long-term delinquent borrowers. The roadmap centers on three goals: narrowing financial disparities, helping vulnerable borrowers regain financial independence and expanding infrastructure for inclusive finance. Under the plan, Hana Bank will launch a loan product in June for low- and mid-credit
Naver said Thursday it will invest 1 trillion won ($663 million) over the next five years to strengthen its creator ecosystem, betting that user-generated content will become a key asset in the next phase of artificial intelligence services. “The center of competition among AI platforms is moving toward data quality and service competitiveness,” Chief Data and Contents Officer Kim Kwang-hyun said at the company’s media roundtable in Seoul. “Naver’s independent content ecosystem, built over more
Hana Financial Group said Wednesday it is launching a comprehensive support program aimed at helping people with disabilities build sustainable and independent lives. The number of people with disabities is growing in Korea, with the program centered on five areas: Rehabilitation, education, housing and welfare, employment and financial services. Hana Financial officially launched the initiative with a donation ceremony Tuesday at its headquarters in Myeong-dong, central Seoul. The group said th
As the US-China rivalry reshapes global supply chains around security and resilience, global investors are increasingly viewing South Korea as a long-term manufacturing beneficiary rather than simply a China alternative. Against that backdrop, Hanwha Asset Management is pursuing what it calls a “K-portfolio expert” strategy — packaging Korea’s strategic manufacturing sectors into globally listed exchange-traded funds through partnerships with overseas financial platforms. “Korea is moving beyond
NH NongHyup Financial Group said Thursday it had signed a strategic partnership with Mayapada Group, a prominent Indonesian conglomerate spanning banking, health care, property, retail and media. The memorandum of understanding was signed Wednesday at Mayapada's headquarters in Jakarta, with NH NongHyup Financial Group Chairman and CEO Lee Chan-woo and Mayapada Group founder and Chairman Dato Sri Tahir in attendance. Mayapada is controlled by Tahir, one of Indonesia's best-known business figures
Citibank Korea said Tuesday it will provide $100 million in syndicated financing alongside the Export-Import Bank of Korea to support Korean equipment parts supplier KoMiCo’s expansion in the US semiconductor market. The financing agreement was signed on Monday at KoMiCo’s headquarters in Anseong, Gyeonggi Province. Citibank Korea Commercial Banking Head Hwang Jae-won, KoMiCo CEO Choi Yong-ha and Korea Eximbank Senior Executive Vice President Kim Jin-seop were in attendance. KoMiCo specializes i
Mirae Asset Global Investments said Monday its assets under management had reached 624 trillion won ($415 billion), surpassing 600 trillion won for the first time. The company said its AUM has expanded rapidly in recent years, climbing from about 250 trillion won at the end of 2022 to more than 300 trillion won in 2024, before surpassing 500 trillion won in 2025. A major growth driver has been its global ETF business led by subsidiary Global X, which has benefited from rising demand for thematic
Global credit ratings agency Fitch Ratings on Friday affirmed South Korea's AA- sovereign rating with a stable outlook, citing the country's strong external finances, resilient exports and stable macroeconomic performance despite geopolitical risks, and structural challenges. "We think Korea has sufficient external and fiscal buffers to manage global challenges in the near-term," Sagarika Chandra, Fitch Ratings' Asia-Pacific sovereign ratings director, said at a press conference in Seoul. Chandr
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