... customers to reevaluate their credit scores to cut the interest rates they pay on their loans, Financial Supervisory Service data released by a lawmaker here showed. Last year’s acceptance rate was ...ear, backed by a sharp increase in interest income. For example, KB Kookmin’s holding entity KB Financial Group’s net profit came to 2.77 trillion won in the cited period up 11.2 percent on-year accor...

Major financial groups in South Korea have seen their assets almost double over the past decade on the back of their push for business expansion, data showed Wednesday. The country's eight financial...21, up 95 percent from 2012, according to the data from corporate tracker CEO Score. The eight financial groups are KB, Shinhan, Hana, Woori, NH Nonghyup, Mirae Asset, Meritz and Korea Investment Hol...

Shinhan Financial Group Co. on Friday reported its second-quarter net profit of 1.33 trillion won ($1 billion), up 4.8 percent from a year earlier. Operating income for the April-June period was 1.74 trillion won, up 3.3 percent from a year ago, the company said in a regulatory filing. Sales rose 123.1 percent to 18.66 trillion won. The earnings beat market expectations. The average estimate of...

...r chemical firm LG Chem added 1.11 percent. Internet portal operator Naver surged 3.05 percent, and platform giant Kakao climbed 1.5 percent. But No. 2 chipmaker SK hynix lost 0.98 percent. KB Financial Group also skidded 1.24 percent, and Shinhan Financial Group decreased 0.7 percent. Carmakers also fell, with leading carmaker Hyundai Motor falling 1.06 percent and its smaller affiliate Kia decreasin...

... Major chipmaker SK hynix jumped 2.0 percent to 102,000 won, and Samsung SDI advanced 2.57 percent to 559,000 won. But market behemoth Samsung Electronics fell 0.66 percent to 60,500 won. No. 1 financial group KB Financial soared 4.75 percent to 48,500 won, and Shinhan Financial Group rose 2.75 percent to 35,550 won. Internet portal operator Naver went up 1.03 percent to 246,000 won, and platform giant...

...ung Electronics rose 0.99 percent, and No. 2 chipmaker SK hynix advanced 2.5 percent. Major chemical firm LG Chem surged 4.41 percent, and battery giant LG Energy Solution grew 1.31 percent. KB Financial Group soared 4.32 percent, and Shinhan Financial Group climbed 3.03 percent. Carmakers also rose. Leading carmaker Hyundai Motor increased 0.80 percent, and its smaller affiliate Kia inched up 0.12 per...

...ed Kia added 1.26 percent to 80,100 won. Internet portal operator Naver spiked 6.71 percent to 246,500 won, and platform giant Kakao climbed 3.85 percent to 72,800 won. Financials also rose. KB Financial Group soared 4.77 percent to 46,150 won, and Shinhan Financial Group advanced 3.74 percent to 34,650 won. But leading bio stocks fell, with Samsung Biologics sliding 0.86 percent to 810,000 won and pha...

South Korea’s top court on Thursday cleared Shinhan Financial Group Chairman Cho Yong-byoung of unethical hiring charges, putting an end to a four-year legal battle and allowing a possible third term...been found guilty by the top court, he would have been barred from becoming an executive at all financial institutions here, blocking him from serving another term as Shinhan Financial Group chairman....

South Korea’s tech giant Kakao and financial giant Shinhan are set to launch online- and mobile-only insurers by next month to attract millennial and Generation Z customers with affordable and simple...th Kakao Talk and Kakao Pay’s monthly average users of 50 million and 38 million, respectively. Shinhan Financial Group, a more traditional business seeking to enter the market, was also granted FSC ...

...15.9 billion) on-year to 57.5 trillion won as of last Tuesday, according to data from the Korea Financial Investment Association. Stock investment deposits refer to investors’ cash entrusted at broker...ch has been at the center of the pandemic rally, has now weakened,” Choi Yoo-june, an analyst at Shinhan Investment said. “The stock market has been hit by the recent rate hikes and a slowdown in sto...

...has expressed his willingness to enact drastic deregulations and introduce innovations into the financial services sector during the Yoon Suk-yeol administration. Deputy Prime Minister and Finance Mi...(financial) consumers.” Choo’s remarks came during his meeting with chiefs from the five major financial groups -- Hana, KB, NH, Shinhan and Woori -- and Financial Services Commission Vice Chairman K...

Shinhan Financial Group Chairman Cho Yong-byeong met with the UK Environment Minister Zac Goldsmith and British Ambassador to Korea Colin Crooks to discuss the role of the finance sector in combating...ed the 2021 United Nations Climate Change Conference in Glasgow, Scotland -- representing Asian financial firms -- where Goldsmith championed global forest protection. Shinhan Financial Group posted ...

South Korea’s KB Financial Group outperformed its local rivals, posting a record net profit for the first three months of the year as the banking industry’s overall performance was bolstered by a sur... share and to regularize quarterly dividends, the firm said in a statement. KB’s industry rival Shinhan Financial Group came in No. 2, posting a net profit of 1.40 trillion won, a record performance ...

SEOUL, South Korea , April 21, 2022 /PRNewswire/ -- Shinhan Financial Group (NYSE: SHG) (KRX: 055550) filed its Annual Report on Form 20-F for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission (SEC) on April 20, 2022 . The report is available at Shinhan Financial Group's Homepage, http://www.shinhangroup.com/en/invest/filing/oversea_filing02.jsp , as well ...

...akhstan, according to Dyussenbayev. Korean companies in the country include Samsung Electronics, Shinhan, Lotte, SK, KNOC, Posco and a Hyundai car assembly plant in Almaty, Kazakhstan’s largest city, ...Kazakh Invest also acts as a one-stop-shop for investment partners and the Astana International Financial Centre hub introduced English common law principles to the Central Asian region, he added. Dy...