▶주메뉴 바로가기
▶본문 바로가기
KB Financial Group said Sunday it has entered into a strategic partnership with Pantera Capital, a US-based blockchain-focused venture capital and hedge fund. Founded in 2003, Pantera Capital manages approximately $5.2 billion in assets and launched the first bitcoin fund in the US in 2013. The firm is known for its hybrid investment model combining venture capital and token investments, positioning it as a key player in blockchain infrastructure. Under the partnership signed in Seoul on April 2
Woori Bank said Thursday it held an investment briefing in partnership with the Ministry of SMEs and Startups to support small and medium-sized enterprises seeking to enter the US market. The event was organized as demand for local production facilities in the US rises amid tariff negotiations and growing protectionism. Following last year’s Vietnam investment briefing, this marks the second such initiative, focusing on helping Korean firms establish an early foothold overseas. The briefing brou
Naver said Thursday that first-quarter operating profit rose 7.2 percent year-on-year to 541.8 billion won ($364.7 million), with the company pointing to artificial intelligence integration across its advertising and commerce businesses as the main driver of revenue acceleration. Consolidated revenue climbed 16.3 percent to 3.24 trillion won, beating the analyst consensus of 3.14 trillion won. Operating profit fell slightly short of the 559.3 billion won forecast. Advertising revenue grew 9.3 pe
Woori Financial Group was overtaken by NongHyup Financial Group in first-quarter earnings, a rare shift that highlights the growing importance of nonbanking income, as a stock market rally boosts brokerage profits. Industry data released Tuesday showed NongHyup Financial posted 868.8 billion won ($589 million) in net profit for the January-March period, up 21.7 percent from a year earlier, surpassing Woori Financial’s 603.8 billion won. Woori, which has typically ranked fourth among Korea’s majo
Shinhan Bank said Monday it joined a South Korean government-led economic delegation to Vietnam, signing a series of agreements with key local partners to expand its presence in the market. The move aims to strengthen its financial cooperation base and support Korean and Vietnamese companies operating across both markets. CEO Jung Sang-hyuk met with Nguyen Ngoc Canh, deputy gov. of the State Bank of Vietnam, to discuss financing support for Korean firms entering Vietnam, as well as cooperation i
South Korea's internet-only lender K bank has signed a strategic partnership with global blockchain firm Ripple to test blockchain-based technology for overseas remittances. The agreement was signed recently at K bank's headquarters in Seoul, the bank said Monday. Ceremony attendees included K bank CEO Choi Woo-hyung, Ripple Asia-Pacific Managing Director Fiona Murray and other officials from both companies. Founded in 2012, Ripple operates Ripple Payments, a global financial network used by mor
Woori Financial Group was the only major South Korean banking group to post a decline in net profit in the first quarter, as its overseas operations weighed on earnings, the company’s earnings report showed Friday. The group posted a net profit of 603.8 billion won ($405 million) in the January-March period, down 2.1 percent from a year earlier. The figure came in more than 20 percent below the market consensus estimate. All other banking groups logged record-high earnings. Woori Financial attri
Hana Financial Group said Friday its first-quarter net profit achieved a record high, driven by robust fee income as it works to diversify its banking-dependent revenue base. The group posted consolidated net profit of 1.21 trillion won ($816 million) in the January-March period, up 7.3 percent from a year earlier and more than double the 569.4 billion won recorded in the previous quarter, beating market expectations. The figure mark the group’s highest-ever quarter net profit, surpassing its pr
Toss said Friday that a Philippine delegation including central bank and World Bank officials visited its headquarters in Seoul to study its digital financial services. The delegation — invited by the Korea Financial Telecommunications & Clearings Institute — included officials from the Bangko Sentral ng Pilipinas and World Bank’s Philippines office. During the visit, Toss outlined its platform-based operating model, demonstrating how its “one-app” structure integrates payments, remittances, ban
NH NongHyup Bank has joined hands with Agribank, a leading agricultural lender in Vietnam, aiming to expand cooperation in digital finance. NH NongHyup Bank CEO Kang Tae-young and Agribank General Director Pham Toan Vuong signed a memorandum of understanding in Hanoi, Vietnam, Wednesday. Under the agreement, NH NongHyup Bank will support Agribank in building an online platform for agricultural banking services, such as labor matching, real-time local food sales, settlement tracking and monitorin
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