South Korea’s Shinhan Financial Group Chairman Cho Yong-byoung was elected as a member of the Leadership Council, under the United Nations sustainability initiative between the organization and the global finance sector, the firm said Thursday. The United Nations Environment Programme Finance Initiative was created in 1992 between the UNEP and the financial sector to better encourage the adoptio...

The company has also launched “BIZA-Metaversity,” a metaverse-based AI education platform, to provide a decentralized, two-way education service. “We expect BIZA-Metaversity to become the metaverse platform that combines education with one of the most essential technologies in the off-contact era,” said Choi. Choi added that the metaverse platform seeks to offer a virtual, realistic learning ex...

South Korean stocks opened lower Thursday, tracking overnight losses on Wall Street, with tech and chemical shares weighing on the market. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.76 points, or 0.4 percent, to 2,950.66 in the first 15 minutes of trading. The Dow Jones Industrial Average retreated 0.58 percent, and the tech-heavy Nasdaq composite declined 0.33 percent amid...

Property technology startups, companies that provide digital services in the real estate industry, are enjoying the spotlight due to the digital transformation sparked by the COVID-19 pandemic, but challenges lie ahead, experts said Wednesday. “Before COVID-19, the real estate industry was one of the most hesitant to implement innovative digital technology. That was largely because clients neede...

Real estate investment firm D&C Mineun has signed a business partnership with Shanghai-based Wanfeng Property to take part in the company’s development project in the Thatluang Lake Special Economic Zone in Laos, supported by the Laotian government, officials said Wednesday. Chairmen of the two companies held the signing ceremony with Sinlavong Khoutphaythoune, president of the Lao Front for Nat...

South Korean stocks retreated more than 1 percent Wednesday, as strong US economic data raised concerns about an earlier than expected rate hike by the US Federal Reserve amid rising inflation. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) lost 34.79 points, or 1.16 percent, to close at 2,962.42 points. Trading volume was moderate at about 53...

Kospi targets range from 2,750 to 3,500, with brokerages citing inflation, election as swing factors

South Korean insurer Kyobo Life Insurance plans to go public on the Korea Exchange by 2022, a process stalled due to a shareholder feud over the past few years, the company said Wednesday. The initial public offering will lay the groundwork for the company to turn into a financial group with a holding company structure to offer a wider range of financial services other than insurance, setting as...

South Korean stocks opened lower Wednesday, largely by losses in tech, auto stocks. The benchmark Korea Composite Stock Price Index (Kospi) fell 9.95 points, or 0.33 percent, to 2,987.26 points in the first 15 minutes of trading. Market bellwether Samsung Electronics edged down 0.14 percent, No. 2 chipmaker SK hynix lost 0.45 percent, and pharmaceutical giant Samsung Biologics retreated 0.92 pe...

Korea’s top comedian Yoo Jae-suk became a shareholder of Kakao Entertainment, the agency said Tuesday. “Yoo Jae-suk participated in the agency’s most recent capital increase, largely to strengthen his trust-based partnership with Yu Hee-yeol,” a Kakao Entertainment official said. Yu, CEO of K-pop agency Antenna, had invested 7 billion won ($5.9 million) in Kakao Entertainment after selling all ...

South Korean stocks inched down Tuesday as investors digest the results of video talks between the presidents of the United States and China. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) slipped 2.31 points, or 0.08 percent, to close at 2,997.21 points. Trading volume was moderate at about 567 million shares worth some 10.5 trillion won ($8....

Mirae Asset Securities said Tuesday it was listed on the Dow Jones Sustainability World Index for the 10th consecutive year, receiving recognition for its commitment to socially responsible investment. As the first global sustainability benchmark, the DJSI World Index selects the top 2,544 listed companies based on their free-float market capitalization. It then evaluates the companies’ environm...

The Korea Exchange, the sole stock market operator of Korea, placed gaming company NCSoft under an investment caution on Tuesday, a day after an unnamed individual investor was disclosed to have sold 530,000 shares, or a 2.4 percent stake, in the company. The news came as a surprise to market watchers, as the same day trader was seen buying over 703,000 shares and sold 211,000 shares on Thursday...

Amid soaring property prices, young investors turn to co-ownership of commercial buildings, plots of land to build apartments

South Korean stocks opened lower Tuesday as investors attempted to cash in gains from the recent rally. The benchmark Korea Composite Stock Price Index (KOSPI) fell 4.66 points, or 0.16 percent, to 2,994.86 points in the first 15 minutes of trading. The KOSPI got off to a lackluster start amid losses in tech and auto heavyweights. Overnight, the tech-heavy Nasdaq composite and the Dow Jones In...