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November 18, 2024
LG Chem promotes fair trade practices
...the company is offering 2.06 trillion won ($1.54 billion) to partners, which includes a 1.06 trillion won low-interest loan program and a 1 trillion won ESG growth fund created in partnership with Shinhan Bank to help firms invest in eco-friendly projects. To assist small and medium-si...
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November 17, 2024
[KH Explains] Why Korean bank shares got bump from Trump's 2nd term
...excel in the second Donald Trump administration, under softened regulation and higher interest rates. The KRX Banks index, representing shares of top financial service providers here, such as KB, Shinhan, Woori and Hana, closed at 913.69 on Nov. 7, up 2.33 percent on-day, after Trump s...
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October 27, 2024
Shinhan Financial net profit up nearly 4% in Q3
Shinhan Financial Group, one of the country's top financial providers, posted lower-than-expected earnings for the July-September quarter, hit by the derivative fiasco from its brokerage arm. The fi...evious year. The rise in interest profit was led by the increase in household loans tak...
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October 25, 2024
KB posts record Q3 earnings, vows higher shareholder returns
...ty of over 10 percent and a CET1 capital ratio of around mid-13 percent. Thursday's corporate value enhancement plan follows KB's failure to enter the Korea Value-up Index, unlike industry rivals Shinhan Financial Group and Woori Financial Group, which made disclosures ahead of the ind...
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October 17, 2024
Shinhan partners with China's BoCom on QR payment service
Shinhan Financial Group announced Thursday it has signed a memorandum of understanding with China's Bank of Communications to enable its SOL Travel Card users to make payments using QR codes in China...rd users traveling to China to make payments through QR codes via Shinhan’s ...
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October 10, 2024
Will K bank make W5tr jackpot debut?
...o non-financial companies, boosting non-interest income. K bank applied the average PBR of 2.56 from these peers, which surpasses Kakao Bank's 1.62 and is well above KB Financial Group's 0.54 and Shinhan Financial Group's 0.51. While K bank also pursues a BaaS model, its non-interest i...
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October 08, 2024
LG posts record sales in Q3; profits down on rising costs
...lyzed. “Sales growth continues to be effective in the first half of the year, and the expansion of price coverage products is expected to drive performance growth,” said Oh Kang-ho, an analyst at Shinhan Securities. “In particular, sales of home appliance subscription services are ...
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October 06, 2024
Money Festa 2024 offers investment tips in uncertain market
...to provide one-on-one consulting on asset management. The second day also featured mock interviews and job-related seminars for those who aspire to work at local banks. Officials from the top five lenders -- KB Kookmin, Shinhan, Hana, Woori and NongHyup -- participated as mentors, advi...
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September 25, 2024
Samsung, top banks to create W2tr green growth fund for SMEs
... or technologies. Samsung Electronics and its sister unit Samsung Display will deposit 80 million won and 20 million won, respectively, for the new Partner ESG Fund, while the five lenders -- KB, Shinhan, Hana, Woori and NH NongHyup -- will contribute 20 million each as loans. “Every...
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September 20, 2024
Bank of Korea eyes rate cut after US Fed's historic pivot
...e Fed's 50 basis point cut," said Kim Ji-man, senior analyst at Samsung Securities. "However, concerns about financial stability leave uncertainty about how quickly rates will be cut." Similarly, Shinhan Securities economist Ha Keon-hyeong observed, "The Fed's rate cut and the beginnin...
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September 11, 2024
Shinhan wears digital consultant hat for global peers
South Korea’s Shinhan Bank said Wednesday that it has embarked on a new business venture to provide digital finance consulting services to global peers, with Japan’s Tokyo Kiraboshi Financial Group a... software that allows users to access financial services within non-fintech software ...
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September 08, 2024
[Hello India] India makes fresh overture to lure Korean financial firms
...s lowest external debt-to-GDP ratios at 18.7 percent. According to FSS data, 12 Korean financial entities are currently active in India, led by eight banks with 14 branches and two local offices. Shinhan Bank recently made a notable move by acquiring a 10 percent stake in Credila, a lo...
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September 05, 2024
Banks, blue-chips tipped for Value-up Index
... profitability. The introduction of related ETFs has been limited with only two products listed for the time being. Yuanta Securities projected Hyundai Motor Group, Celltrion, KB Financial Group, Shinhan Financial Group, Posco Holdings, Hana Financial Group -- companies with high divid...
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September 03, 2024
Ripple CEO slams SEC chair to win back Korean investors
...tional players who will need a place to store these crypto assets,” said Ripple President Long. She identified Korean institutions as potential partners, noting that major banks like Hana Bank and Shinhan Bank are entering the crypto custody space, which presents significant opportunit...
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August 29, 2024
CEOs at top banks face mixed outlooks on reappointment
...n Kang Ho-dong will play a decisive role in the reappointment process. Kang recently indicated he will restrict the reappointment of subsidiary CEOs involved in financial misconduct. In contrast, Shinhan Bank CEO Jung Sang-hyuk and Hana Bank CEO Lee Seung-lyul are viewed as strong cand...
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August 28, 2024
Shinhan Bank offers AI interpretation service for foreigners
Shinhan Bank, one of South Korea's five major commercial banks, is enhancing services for foreign customers with the introduction of a new speech-to-text interpretation service at its brick-and-morta... digital innovation to address the challenges customers face during their banking exper...
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August 25, 2024
Korea's 'value-up' efforts stall on 0.7% corporate participation
...rn policies. Participation has been dominated by financial sector firms, which are key underperforming players in the market. With Kiwoom Securities cutting the start, major banking holding firms Shinhan Financial Group and Woori Financial Group have disclosed their plans, while others...
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August 19, 2024
Bankers better paid than Samsung, Hyundai Motor workers
...over the first six months. KB Kookmin Bank and Woori Bank followed at 60 million won each, while Shinhan Bank provided 55 million won. In a straightforward comparison, the average salary at the four ...l Group topped the list with 97 million won, followed by Hana Financial Group at 94 ...
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August 18, 2024
Shinhan opens new Vietnam headquarters
South Korea’s Shinhan Financial Group has opened its new Vietnam headquarters in Ho Chi Minh City’s Thu Thiem financial district, bringing its subsidiaries together under one roof, the company said Sunday. On Thursday, Shinhan’s five Vietnamese subsidiaries — Shinhan
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August 13, 2024
Analysts offer rosy H2 outlook for LG Display
...e fourth quarter. “Unlike last year, (LG Display’s) sales are expected to increase by 19 percent in the second half due to the noticeable mobile sector’s growth,” said Namgung Hyon, an analyst at Shinhan Securities. KB Securities researcher Kim Dong-won forecast that LG Display wi...
November 24, 2024
