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The Korea Herald

Finance

June 25, 2024
Kakao Bank launches Dollar Box forex service

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...
June 20, 2024
NongHyup Bank, Bankcow partner up on tokenized securities

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, ...
June 19, 2024
Kakao Bank kick-starts overseas expansion with Superbank launch

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...
June 19, 2024
Hana Financial head pitches to global investors in Hong Kong

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...
June 16, 2024
Banks ramp up services for growing foreigner market

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...
June 14, 2024
Mirae Asset founder to be named executive of the year at AIB conference

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...
June 14, 2024
Mirae Asset Global Investments surpasses W170tr in ETF net assets

By Park Se-ra ( serap1005@heraldcorp.com )
June 14, 2024
BOK's rate-cutting cycle coming, but timing depends on inflation

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...
June 13, 2024
BlockSquare Seoul to enhance market intelligence service for crypto investors

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...
June 12, 2024
Shinhan Card partners with Canada's Alberta to boost tourism

South Korean card issuer Shinhan Card is collaborating with regional Canadian governments and state-run tourism promotion agencies for local tourist marketing, starting with Alberta. Shinhan Card, the card arm of Korean finance giant Shinhan Financial Group, announced on Tuesday that it has signed...
June 11, 2024
Banks to allow staff up to 5 years of child care

More local banks are implementing so-called optional "parental resignation" programs as internal welfare measures, as one attempt to address the nation's notoriously low birth rate problem. According to industry sources, Woori Bank recently received applications for parental resignations with the ...
June 11, 2024
KB Kookmin Card's Indonesia unit marks 30th anniversary

KB Kookmin Card on Monday celebrated the 30th anniversary of its Indonesian subsidiary, KB Finansia Multi Finance, in the capital city Jakarta. Established in 1994, KB FMF is a credit finance corporation that primarily offers mortgages for used cars and motorcycles, as well as installment financin...
June 09, 2024
S. Korea, Japan, China CEOs call for enhanced economic cooperation: survey

Major business leaders in South Korea, Japan and China unanimously agreed on the need to enhance economic ties, with the highest expectations placed on economic revitalization and supply chain stability, a recent survey conducted by the Korea Chamber of Commerce and Industry revealed Sunday. The f...
June 09, 2024
From K bank to Shift Up, major players to heat up IPO market

South Korea's initial public offering market is set to maintain its momentum in the latter half of the year, driven by the stock market recovery, as well as the successful listings of big names earlier this year. Having shaken off last year's slump, the total amount raised through IPOs stood at 1....
June 07, 2024
Hana Financial launches 18th Smart Ambassador cohort

Hana Financial Group has launched a team of honorary ambassadors composed of college students to promote the financial conglomerate, the firm announced Thursday. The 50 student representatives belong to the 18th team of the Smart Ambassador program. A total of 963 college students have participate...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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