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South Korea’s semiconductor exports soared to a record high in June, backed by strong global demand, data from the Trade Ministry showed Monday, helping the country's exports to continue their upward trajectory. The country’s total exports stood at $57.07 billion in June, jumping 5.1 percent on-...
South Korea’s foreign exchange market will operate until 2 a.m. from Monday, while its crypto market is to enter a new phase with the enactment of the virtual asset user protection law this month, as part of new government measures to come into place in the latter half of this year. The Finance M...
Woori Financial Group said Friday it released its annual sustainability report containing the conglomerate's initiatives and achievements pursued last year to strengthen its environmental, social and governance endeavors. “At Woori Financial Group, all executives and employees will work together ...
The South Korean government is to revise the inheritance tax scheme that imposes up to a 50 percent tax for big companies here as part of the government’s tax code revision slated for late July, Finance Minister Choi Sang-mok said Thursday. “I personally prioritize the inheritance tax reform, wh...
Mirae Asset Global Investments' assets exceeded 340 trillion won ($244.7 billion), with over 40 percent being managed on behalf of overseas clients, boasting extensive overseas footholds buoyed by its signature exchange-traded funds. In 2003, the firm’s aggressive market expansion began with Mira...
Mirae Asset Securities, South Korea's largest stock brokerage company, has been achieving feats in its global expansion through its localization strategy coupled with acquisitions of financial firms in overseas markets. With Mirae Asset Financial Group founder and Chairman Park Hyeon-joo taking th...
Kakao Bank, the internet banking arm under Korean tech behemoth Kakao, introduced its new Dollar Box feature on Tuesday, in hopes of bringing the US greenback into users' everyday life. “The most sought-after foreign currency in Korea is the US dollar. It is a key currency that is acknowledged as...
NongHyup Bank has teamed up with local livestock fractional investment platform Bankcow to expand their business enabling customers to pool their funds to invest in livestock raised on Korean farms. The bank announced on Thursday that it has entered a strategic business agreement with Stockeeper, ...
Kakao Bank has yielded the result of its first overseas investment, as Indonesian digital bank Superbank officially launched Wednesday. With the launch, Superbank becomes the first bank concentrating on digital financial services in Indonesia, supported by major shareholders that include Korean in...
Hana Financial Group Chairman and CEO Ham Young-joo met with overseas investors in Hong Kong through a two-day event to promote the banking group's strategies to elevate its corporate and shareholder values, the firm said Wednesday. At the event which took place Monday and Tuesday, Ham stressed ho...
South Korean banks are bolstering their services for foreigners to tap into the rapidly expanding foreign customer market. Shinhan Bank recently pioneered a service among local commercial banks that allows foreign residents in Korea to conveniently apply for new check cards online through its mobi...
Mirae Asset Financial Group said Friday that its founder and Chairman Park Hyeon-joo will be honored with the International Executive of the Year Award at the annual conference of Academy of International Business slated for next month. AIB, an eminent association of international business scholar...
By Park Se-ra ( serap1005@heraldcorp.com )
The Bank of Korea looks increasingly likely to push back the start of its interest rate-cutting cycle as late as October as the country enters the last mile in its inflation fight while the US dials back its rate cut forecasts, experts said Thursday. The country’s recent data showing signs of wea...
Korea's crypto data aggregator BlockSquare Seoul said Thursday that it plans to update its market analysis features in July to offer more detailed investment information for its users. Currently, the company provides market intelligence service under the name Retri, suggesting the best time to buy...
[From the Scene] How robotics reflect shift in S. Korea's food industry
Kia logs record-high operating profit for 3Q
Shinhan Financial net profit up nearly 4% in Q3
Lulumedic explores digital health collaboration with Russia
Woori Financial’s cumulative Q3 earnings increases by 9.1% on-year
Hanwha Ocean strengthens partnership with US Navy