...d an overseas manufacturing factory in the US, should the Biden order provide tax incentives or financial support for the company, the official said. Celltrion on Thursday announced in a notice to sh...little as the firm is focused on selling self-developed antibody treatments. “Although Celltrion group has many sites that can produce various drug substances and drug products across the world inclu...

Some 10,000 unionized financial workers held their first strike in six years on Friday, but the rally may have backfired on them, as their absence at work had minimal impact on customer services, sou... also pointed to the lack of participation from the banks’ IT employees at the rally, calling the group a “key workforce necessary” for the operation of the firms’ systems. “Of the 17 banks that part...

South Korea’s Hana Financial Group said Sunday it plans to launch a financial aid program worth 26 trillion won ($19 billion) this month that will benefit some 700,000 vulnerable members of society a...is struggling,” Hana Financial Group Chairman Ham Young-joo said in a statement. “Hana Financial Group will make efforts to change society by helping the vulnerable with real financial support that c...

...equity firm. But the verdict and the 10-year-long battle itself have revealed flaws in Korea’s financial and legal system that must be fixed before it can make the progress it aspires to, experts sai... were both senior officials at the regulatory body in 2011 when Lone Star was in negotiation with Hana Financial Group for the resale of KEB. Other than the Lone Star dispute, Korea is currently invo...

...n the now-defunct Korea Exchange Bank to global banking giant HSBC fell through because Seoul's financial regulatory authorities delayed approval of the deal. Lone Star, which acquired the KEB stake ...f the stake to HSBC for about 5.94 trillion won but eventually ended up selling it to Seoul-based Hana Financial Group for some 3.9 trillion won in 2012. Lone Star claimed that South Korea deliberate...

South Korean banking groups have been picking up the pace of expansion in Vietnam, eyeing financial clout in one of the fastest growing Asian economies. Shinhan Financial Group, South Korea’s No. 2 ...rom its business in Vietnam, up 128.5 percent from the previous year. Shinhan and industry rival Hana Financial Group’s brokerage unit earlier this year inked a strategic partnership with Vietnam’s B...

...rse said the company is pushing for building an investment partnership worth 40 billion won with other local firms to co-develop the metaverse ecosystem. When Com2uS established Com2Verse in April, Hana Financial Group, Kyowon Group, Kyobo Bookstore and Doctor Now made investments in the metaverse subsidiary without disclosing the exact amount. “Following our efforts in expanding the blockchain-related ...

... 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...

South Korea’s Hana Financial Group and SK Telecom signed a share-swap deal worth some 400 billion won ($305.3 million) to set up a new environmental, social and governance model, officials said Sunda...e shares to the financial holding company over the years. Hana is set to own 100 percent stake in Hana Card once the deal closes on Wednesday. In return, Hana Card will purchase 0.6 percent stake in ...

...s trading at a multiple that is equal to 10 times earnings. “Given a downside risk to the 2023 financial year earnings estimation amid macro headwinds including prolonged inflationary pressure, howev...ared with those of global IBs. KB Securities, the brokerage unit under the nation’s No.1 banking group by total assets, now projects a target range of 2,100 to 2,750 for the second half of the year. ...

...t 25 percent on Wednesday, rattled by the boy band’s announcement that it will take time off from group activities to pursue solo projects. Hybe shares closed 24.87 percent lower from the previous se...S album sales and streams, according to the company’s fourth-quarter 2021 investor presentation. Hana Financial Investment, a major brokerage in Korea, recently lowered Hybe‘s target price from 430,0...

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...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 approval ...

Hana Financial Group has announced a set of mid- to long-term strategic goals for 2030 as it reorganized its corporate culture and strategy departments to better prepare for future industries such as...ce the company’s new vision, Hana Financial Chief Executive Ham Young-joo said, “All Connected in Hana Finance” will offer special experiences for its customers and make an innovative financial platfo...

...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...