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[Advertising Awards] Shinhan Card’s new advertisement highlights gratitude for customers

CREATIVE AWARDS/ GOLD PRIZE SHINHAN CARD By Kim Il-bong General manager of Brand Communication We would first like to thank our customers who have always had faith in us. Shinhan Card is honored...

Oct 29, 2019
Seoul stocks open higher on Wall Street gains

Seoul stocks opened higher Tuesday, taking a cue from gains on Wall Street and growing hope for a trade deal between the United States and China. The benchmark Korea Composite Stock Price Index move...

Oct 29, 2019
S. Korea to bolster fintech cooperation with ASEAN

South Korea's financial regulator said Monday it will deepen cooperation with the 10-member Association of Southeast Asian Nations in the financial technology sector. Sohn Byung-doo, vice chairman o...

Oct 28, 2019
S. Korea doubles contribution to Green Climate Fund to $200m

South Korea and other donor states have collectively pledged to add $9.6 billion to the Green Climate Fund over the next four years. Asia’s fourth-largest economy will be the ninth-largest contributo...

Oct 28, 2019
Hanwha Systems seeks up to W460b in IPO

Hanwha Systems, the defense technology unit of Hanwha Group, announced Monday that it is expected to raise as much as 460.1 billion won ($393.7 million) for its initial public offering and join the b...

Oct 28, 2019
Seoul stocks open higher on hopes of US, China deal

Seoul stocks opened higher Monday as investor sentiment was boosted by signs that the United States and China may settle their protracted trade row in the near future. The benchmark Korea Composite ...

Oct 28, 2019
ABS issuance dips 11.9% in Q3

The issuance of asset-backed securities in South Korea slipped 11.9 percent on-year in the third quarter because of a decline in sales of government-led mortgage funds, data showed Monday. The value...

Oct 28, 2019
KEB Hana, Woori chiefs likely to face heavy penalties over derivatives misselling

With financial authorities set to finish their monthslong investigation of the sale of high-risk derivatives-linked securities and related funds, key sellers are likely to be handed down heavy penalt...

Oct 27, 2019
Brokerages post weak Q3 net profit amid sluggish market

South Korean brokerages posted worse-than-expected third-quarter net profit, data from the Financial Supervisory Service showed Sunday, with the lackluster performance attributed to a sluggish stock ...

Oct 27, 2019
KRX launches platform for cross-border M&A deals

The nation’s sole stock bourse operator said Thursday that is has launched an online platform to support merger and acquisition deals of South Korean firms overseas. According to the Korea Exchange,...

Oct 24, 2019
KB Kookmin CEO likely to serve second term

KB Financial Group said Thursday that the current CEO of its commercial banking unit, Hur Yin, has been tapped as a contender for the lender’s chief executive position for a second term, strongly hin...

Oct 24, 2019
Korean Air, Asiana bagged W2b from airline miles deal with commercial banks

South Korea’s two major carriers Korean Air and Asiana Airlines have received a combined 2.1 billion won ($1.79 million) from selling airline miles to commercial lenders in the past four years, Finan...

Oct 23, 2019
S. Korea’s target date fund market grows with aging population

As South Korea’s rapidly aging population seeks simple solutions for retirement investments, the nation’s target-date fund market has been growing at a rapid pace in recent years, data compiled by Th...

Oct 22, 2019
Hyundai Card launches advertising team with Innocean

South Korea’s leading card issuer Hyundai Card said Tuesday it has teamed up with its global advertising affiliate Innocean Worldwide to launch a special project team that will handle all advertising...

Oct 22, 2019
[Newsmaker] JP Morgan Chase, Societe General bagged W8b from controversial derivatives products: data

Overseas investment banks JP Morgan Chase and Societe General earned a combined commission income of nearly 8 billion won ($6.8 million) from designing derivatives products sold mostly via South Kore...

Oct 21, 2019

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