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Despite internal setbacks, South Korean finance giants are forging ahead with a robust rally in the local stock market, as several companies reach historic highs. The share prices of KB Financial Co. and Hana Financial Co., two of the nation's biggest finance holding firms, soared to unprecedented...
Bitcoin, the leading cryptocurrency, continues its robust performance by hitting successive all-time highs, marking a trend of strength. However, as the domestic stock market remains in a state of stagnation, there are indications that substantial idle funds in the market have significantly withdr...
Financial sector rises while secondary battery stocks decline As stock prices of large-cap stocks fluctuate since the beginning of the year, the ranking of the top companies by market capitalization has changed significantly. Expectations surrounding “value-up” programs have led to a surge in r...
Amid escalating competition in Korea's e-commerce landscape, direct overseas transactions between individual sellers and consumers have become a growing trend, according to eBay. On Friday, eBay unveiled insights into this year's online direct purchase market, drawing from comprehensive annual sal...
Shinhan Bank on Friday said that its Indonesian subsidiary has teamed up with an Indonesian financial technology company to bolster its presence in the digital platform-based loan market in the Southeast Asian country. Bank Shinhan Indonesia and PT Artha Dana Teknologi Indodana signed a memorandum...
Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won ($934.16) last month, accor...
South Korea's overseas direct investment fell for the first time in three years in 2023 amid an economic slowdown in China and geopolitical uncertainties, the finance ministry said Friday. Investments made by South Korean companies declined 22.2 percent on-year to come to $63.38 billion last year,...
South Korea's central bank said Thursday it will maintain its current restrictive policy stance as any hasty rate policy change may undermine market confidence and further raise already high household debt. In its latest monetary policy report, the Bank of Korea (BOK) said the country's inflation ...
The financial regulator said Thursday it revised a stewardship code for institutional investors to encourage them to join a corporate value-up scheme. The revised code urges institutional investors to "check to make sure the companies they invest in establish and implement long-term strategies to ...
With increasing complaints from Korean consumers regarding the quality of products and the prevalence of knock-off items they purchased from Chinese e-commerce platforms, the country’s antitrust regulator vowed to strengthen the monitoring of foreign operators’ unfair business practices and uphol...
The Korean stock market rallied early Wednesday, with the benchmark Kospi breaking above 2,700 points during trading hours for the first time in nearly two years as the market tracked overnight Wall Street gains. The local benchmark Kospi touched 2,701.45 points during trading hours. The peak came...
DGB Financial Group said Wednesday it launched its first overseas subsidiary Hi Asset Management Asia, an asset management arm, in Singapore. DGB Financial Group Chairman Kim Tae-oh, Korean Ambassador to Singapore Hong Jin-wook as well as financial firm officials from Morgan Stanley, Goldman Sachs...
Webull Corporation, a prominent US-based online stock trading platform, has initiated preliminary operations to establish its presence in South Korea. Speculation surrounding the debut of the New York-headquartered company's services rose recently following reports indicating Webull's engagement w...
The low-interest rate program for low-income earners and small businesses will be expanded to provide benefits to more people and businesses, the financial regulator said Wednesday. The program, launched September 2022, currently provides low-interest loans to those who had taken out loans prior t...
South Korea's antitrust regulator said Wednesday it will strengthen the monitoring of unfair business acts by foreign platform operators and equally apply relevant domestic laws to them for swift and stern punishment for any illegalities. They are part of a set of measures presented by the Fair Tr...
Samsung opens AI TV experience zone in Singapore Changi Airport
Daughter of late Samsung chairman becomes Samsung C&T president
Hana Financial teams up with Credit Agricole to expand presence in Europe
City Oil Field to export oil coverted from waste plastic to Vietnam
Baemin pays out W400b in dividends to Delivery Hero
Banks rush to cough up misselling compensation