-
June 16, 2023
IBK, Shinhan, Woori join NH-led STO consortium
NongHyup Bank announced Thursday that the nation’s top three banks -- Industrial Bank of Korea, Shinhan Bank and Woori Bank -- have joined its consortium for security token offerings formed in April. Aside from the lenders, other financial tech firms, including real estate fractional in...
-
June 07, 2023
JPMorgan CEO meets financial leaders in Seoul
...Seoul during his two-day visit to Korea in five years, according to industry sources on Tuesday. Upon his arrival at a Seoul hotel on Monday, he met with the nation’s financial leaders, including Shinhan Financial Group Chairman Jin Ok-dong, Hana Financial Group Chairman Ham Young-joo...
-
June 05, 2023
Shinhan Card to expand presence in Kazakhstan
Shinhan Card looks to expand its business in Kazakhstan through its affiliate Shinhan Finance, joining hands with the local automobile dealership industry and stepping up its digital transformation efforts. Since its founding in November 2014, Shinhan Finance, Sh...
-
June 05, 2023
K-pop stock rally proves strong despite BTS hiatus
...a Investment & Securities said, referring to fan community platforms such as Hybe's Weverse and SM's Bubble. “The Korean entertainment industry presents endless opportunities with its unique artist training system, systematized fan base management and secondary profits through goods and platfor...
-
June 04, 2023
Shinhan Bank suffers overseas remittance service outage
Shinhan Bank encountered a currency exchange system error around 9:30 a.m. on Thursday. As a result, currency-related services, including overseas remittances, were temporarily suspended for approxi...e of their request to minimize any potential customer losses from exchange rate fluctua...
-
June 01, 2023
Can KakaoBank pioneer global expansion?
...s in Indonesia also have captured the attention of the top four Korean commercial banks -- Hana, Shinhan, Woori, and KB Kookmin -- all of which have already made inroads into the market. However, the...ading lenders. While Woori and Hana reported net profits exceeding 100 billion Kore...
-
May 23, 2023
[KH explains] Will Kakao Pay become Korea’s answer to Robinhood?
...elp Kakao maintain lower fees than rivals in overseas markets. Based on its pricing competitiveness, it will be able to expand both its market share and profitability,” Lim Hee-yeon, an analyst at Shinhan Securities, said. Kakao Pay’s brokerage arm boasts the industry’s lowest commi...
-
May 21, 2023
Naver Pay installations surge 186% following partnership with Samsung Pay
...fter the payment service launched in Korea. The number of new Hyundai Card members increased by 203,000, following the launch of Apple Pay in Korea, according to data from the Credit Finance Association of Korea. This figure was the highest among eight local credit card companies -- Lotte, BC, S...
-
May 14, 2023
Hanwha Aerospace, KT added to MSCI Korea Index
... to retail investors’ expectations for the Korean battery industry to boom. “EcoPro seems to have not made the list due to the recent extreme price surge, as the evaluation was made on April 18,” Shinhan Securities analyst Lee Jae-rim said. The shares of EcoPro peaked in mid-April,...
-
May 11, 2023
KB chief seeks to ease concerns over real estate financing
...nancial holdings firms stood at 31.1 trillion won ($23.49 billion) as of the first quarter of this year. KB Financial Group had the largest exposure among the four at 11 trillion won, followed by Shinhan Financial Group at 8.8 trillion won, Hana Financial Group at 7.9 trillion won, and...
-
May 09, 2023
Amorepacific, LG H&H face contrasting outlooks for Q2
...e showing three-digit growth centering on sales in offline channels, reflecting the output of Sulwhasoo's rebranding strategy in its (second quarter) earnings," said Park Hyun-jin, a researcher at Shinhan Investment & Securities. Recently, Amorepacific initiated a slew of strategies to...
-
May 04, 2023
Yoon calls for Indo-Pacific solidarity to ride out economic troubles
...th and generate resources domestically; and support transitions that are just and equitable,” he said. Top financial figures, including the heads of Korea’s top four financial groups and banks -- Shinhan, KB, Hana and Woori -- attended the conference. Wednesday’s event was followed...
-
April 28, 2023
Top financial firms log Q1 net growth; increase loan loss reserves
...of this year. Despite this, KB Financial Group, Woori Financial Group, Hana Financial Group and Shinhan Financial Group have managed to report an improvement in net profit during this period. KB's l...in the first quarter, the highest ever for the first quarter, thanks to strong inter...
-
April 23, 2023
Apple Pay triggers surge in Hyundai Card users
...dai Card in March was the highest among eight local credit card companies -- Lotte, BC, Samsung, Shinhan, Woori, Hana, Hyundai and KB Kookmin Card. The figure is also around twice the number of new m... Apple Pay. Aside from Hyundai Card, KB Kookmin Card attracted 149,000 new members,...
-
April 18, 2023
Pet spending surges during pandemic
...d. Purchase records from 2019 to 2022 compiled by the big data center at major Korean card firm Shinhan Card showed that the average annual spending per person at a slew of pet-related services or pr...ared to 2019. In relation to increased spending by Korean consumers on pet-related ...
-
April 14, 2023
Financial firms in rush to enter W1000tr OCIO market
... securities firm who declined to be named. In the most recent competition over an OCIO job, major securities firms, including Mirae Asset Securities, NH Investment & Securities, KB Securities and Shinhan Securities, all vied for managing the assets of employment insurance funds, a fund...
-
April 12, 2023
[KH explains] Samsung Pay safe 'for now' as Apple Pay enters Korea
... and the inability to use it for public transportation. Apple has so far not agreed on terms with public transportation payment providers like Tmoney. According to the Credit Finance Association, Shinhan Card is the largest credit card issuer with 19.6 percent of the market share as of...
-
April 09, 2023
Samsung Electronics cuts chip production as Q1 profit likely to hit 14-year low
...e period. “With inventory pressures persisting for both DRAM and NAND flash, demand is expected to pick up in the third quarter alongside the industry’s rebound,” said Ko Yeong-min, an analyst at Shinhan Securities. Doh also predicted that Samsung’s inventory would likely decrease ...
-
April 05, 2023
Household loans at major banks continue to decline
...to take out loans due to burdensome high lending rates continued in March, according to industry sources. In March, the remaining balance of household loans at the five major banks -- KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup -- decreased by 4.68 trillion won ($3.55 million) co...
-
April 04, 2023
[K-Financiers] Mirae Asset sets down roots in Vietnam
...id. “Reaching out across Vietnam shows Mirae Asset’s will to appeal as a local firm, regardless of the short term results.” Major Korean securities firms, including Korea Investment & Securities, Shinhan Securities and KB Securities, have branched out their business in the country, ...
November 24, 2024
