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July 17, 2022
Korean won sinks to 13-year low against US dollar
...ns of nudging down at the moment. “The pace of won’s fall against the dollar has been so sharp that we might see it breach the 1,350 won-mark earlier than expected,” Baek Seok-hyun, an analyst at Shinhan Bank, said. Another analyst echoed Baek, saying that there are no barriers at ...
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July 08, 2022
Samsung’s upbeat earnings overshadowed by uncertainty
...rillion won and 570 billion won, respectively. Uncertainties grew over the outlook for the remaining months of the year as Samsung will be feeling the pinch of an economic downturn more clearly. Shinhan Investment adjusted its outlook for Samsung’s annual sales and operating profits ...
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July 03, 2022
Top court clears Shinhan chief of unethical hiring claims
South Korea’s top court on Thursday cleared Shinhan Financial Group Chairman Cho Yong-byoung of unethical hiring charges, putting an end to a four-year legal battle and allowing a possible third term...lawmakers and company executives to recruit their children from 2013 to 2016 while he ...
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June 28, 2022
Burden from investor debt binge drags down Kospi: analyst
... outstanding debt extended by brokerages doesn’t mean a decline in debt burden as well. The issues regarding the high debt burden needs to be resolved in order for the Kospi to enter a new cycle,” Shinhan Investment analyst Choi Yoo-joon said. Echoing Choi, Lee Kyung-min, an analyst ...
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June 19, 2022
Samsung Electronics shares plummet to 52-week low
...n lowering the tech giant’s target price in recent days, with Eugene Investment and Securities adjusting it to 79,000 won from the previous 88,000 won early Friday. Eugene’s move comes a day after Shinhan Investment lowered the price from 87,000 won to 83,000 won. “Signs of a global...
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June 19, 2022
Kospi slumps to sub-2,400 points in 19 months on US inflation woes
...ued to fall since, hit by the global supply bottleneck and the supply chain issues surrounding memory chips. “At the moment, it is difficult to have expectations for smartphones and televisions,” Shinhan Investment Analyst Choi Do-yeon said. “Stock market observers are closely moni...
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June 14, 2022
Kakao, Shinhan go online to lure young subscribers
South Korea’s tech giant Kakao and financial giant Shinhan are set to launch online- and mobile-only insurers by next month to attract millennial and Generation Z customers with affordable and simple...th Kakao Talk and Kakao Pay’s monthly average users of 50 million and 38 million, res...
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June 14, 2022
AMD’s next-gen server CPU standard signals ties with Samsung
...increasing focus on memory solutions targeting enterprise server clients amid server chip supply shortages, contributing to its quarterly sales to an all-time high for the three straight quarters. Shinhan Investment analyst Choi Do-yeon noted that the server chip supply bottleneck has p...
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June 08, 2022
LG Innotek supports partner firms’ ESG
...notek was the first in the electronics industry. Partner firms with good results in the ESG assessment will get certification which will allow them to get preferential interest rates for loans at Shinhan Bank and the Industrial Bank of Korea. “We decided to help small and medium-size...
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June 07, 2022
Investment banks cut Kospi targets amid high inflation
... last month, analysts believe the “pandemic rally” to be over. “Retail investors’ buying spree, which has been at the center of the pandemic rally, has now weakened,” Choi Yoo-june, an analyst at Shinhan Investment said. “The stock market has been hit by the recent rate hikes an...
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June 06, 2022
Talks for alternative trading system gain steam
...ated in 2019 by KOFIA and seven major brokerages here -- KB Securities, Samsung Securities, NH Investment & Securities, Korea Investment & Securities, Mirae Asset Securities, Kiwoom Securities and Shinhan Investment. The small and medium-sized brokerages’ latest could be a game-change...
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June 06, 2022
Rsquare makes foray into Singapore’s real estate market
... for commercial real estate. The company entered the Vietnamese market last year and currently provides over 50,000 pieces of data on commercial buildings and facilities. After partnering up with Shinhan Bank Vietnam in April, it also provides consulting services to South Korean compan...
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May 30, 2022
Fiscal chief signals drastic deregulations in financial sector
...ception of (regulations) for financial soundness and protection of (financial) consumers.” Choo’s remarks came during his meeting with chiefs from the five major financial groups -- Hana, KB, NH, Shinhan and Woori -- and Financial Services Commission Vice Chairman Kim So-young at the...
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May 18, 2022
Surge in embezzlement fuels calls for tougher oversight
...referring to the recent theft of 61 billion won at Woori Bank, one of the five major banks here by asset. And employee theft is just as common at the other four banks -- Hana Bank, NongHyup Bank, Shinhan Bank and KB Kookmin Bank -- according to Rep. Yun Chang-hyun of the ruling People ...
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April 24, 2022
KB outpaces banking rivals in Q1 with record earnings
... share and to regularize quarterly dividends, the firm said in a statement. KB’s industry rival Shinhan Financial Group came in No. 2, posting a net profit of 1.44 trillion won, a record performance ...llion won, backed by revenue from interest that grew 17.4 percent on-year to 2.48 t...
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April 24, 2022
Samsung Electronics’ market presence hits 34-month low
...irst three weeks of this month. “Since the beginning of the year, foreigners have offloaded some 9.3 trillion-won worth of Korean stocks and half of them were dealt through program trading,” said Shinhan Investment analyst Choi Yoo-joon. “This led to a drop in Samsung’s clout over...
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April 21, 2022
[Herald Interview] Data gathering still human job in digital era: real estate platform CEO
...Rsquare database currently contains information pertaining to 150,000 office buildings in the country. And about 80 percent of its clients renew their commercial leases with the company, including Shinhan Bank, Mirae Asset Life Insurance, and Hi Investment & Securities, the CEO said. L...
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April 07, 2022
S. Korean banks eye trust fund market amid aging society
...ral trust funds focused on inheritance and caters to the aging society alongside Hana, Woori and Shinhan. Hana, on top of its latest product, offers its customers a trust fund that enables grantors di...ee years earlier, according to industry data. Last year, the top four banks here --...
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April 07, 2022
Rsquare to launch commercial real estate services in Vietnam
Korea’s real estate platform Rsquare said Wednesday it will provide commercial real estate services in Vietnam with Shinhan Bank’s branch in Vietnam. The firm will offer brokerage service, asset management, interior construction, residential property consulting and property inspection ...
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April 06, 2022
Korea’s top 20% own real estate 251 times more valuable than lowest 20%
... real estate valued at a combined 1.2 billion won ($990,000) on average as of last year, while the bottom 20 percent’s corresponding figure came to 4.9 million won in the same period, according to Shinhan Bank’s report. The data was based on a survey of 10,000 Koreans aged 20 to 64 co...
November 24, 2024
