...e figure, though based on mere estimation, surpasses the market cap of the retail giant Shinsegae Group, which currently logs 2.9 trillion won. The high valuation comes as the platform received 180 b...etail channels,” it added without disclosing the size of investment. Shinsegae follows Shinhan Financial Group which invested 30 billion won to Bungaejangter in September. Based on the partnership, t...

...ness of diverse business units as the main requirements for their survival in the new year. KB Financial Group, the nation’s No. 1 banking group in terms of total assets, must become the nation’s top...adoption of ESG values were marked as pillars for this year’s corporate growth goals. Meanwhile, Hana Financial Group Chairman Kim Jung-tai said that while digital transformation is crucial, fosterin...

The public and private financial sectors have recently appointed more women for leadership amid their drive to adopt environmental, social and governance values, but the field remains overwhelmingly ... upon its establishment in 1999, and climbed up the ladder by mostly leading teams that monitor financial institutions’ fraud and illegal acts. The nation’s No.2 banking group by total assets, Shinha...

Ham Young-joo (left), vice chairman of Hana Financial Group, congratulates Hong Hwa-jin, leader of the data & investment division at Hana Bank, who led the first 33 participants for the last six months in the group’s program designed to nurture women leaders.

... are expected to hand out record-high dividends this year amid their highest net profit estimates buoyed by pandemic recovery, officials said Monday. The total dividends the four companies -- KB Financial Group, Hana Financial Group, Shinhan Financial Group and Woori Financial Group -- would pay is estimated to be 3.8 trillion won ($3.2 billion), about 26 percent of the combined net profit of 14.6 trilli...

Dividends by South Korea's four major financial holding firms are expected to hit an all-time high in 2021 as they have decided to return more of their bumper profits to shareholders, sources said Mo...gency. It would represent the largest-ever dividend payout by the four holding companies -- KB Financial Group Inc., Shinhan Financial Group Co., Hana Financial Group Inc. and Woori Financial Group I...

South Korean steelmaker Posco Group is pushing to establish a holding company to make a breakthrough in business expansion and eventually to boost its market valuation, industry sources said Wednesda... flow with restructuring of the affiliate’s business, which can possibly positively influence the group’s valuation in the market,” said Song Seon-jae, an analyst from Hana Financial Investment. The ...

South Korea’s KB Financial Group said Wednesday it has tapped a 55-year-old sales executive to head its flagship KB Kookmin Bank, reflecting the financial giant’s drive to seek transformation in busi... is somewhat younger than other industry leaders such as Shinhan Bank CEO Jin Ok-dong, who is 60, Hana Bank CEO Park Sung-ho, 57, and Woori Bank CEO Kwon Kwang-seok, 58. Citibank Korea CEO Yoo Myung-s...

...lives more efficiently. The program dubbed “MyData” allows customers of 53 government-approved financial institutions to receive personal, customized and comprehensive finance data of their spending,...iews by authorities as of Tuesday, were greenlighted to launch their services Wednesday. The 17 financial institutions including six major commercial banks here including KB Kookmin, Shinhan, Hana and...

...sive blow to the EV market. No chip, no EV, no battery According to Kim Hyun-soo, an analyst at Hana Financial Investment, the ongoing chip shortage crisis is expected to continue until next year. W...een 2012 and 2019 from its EV battery business. It was only this year the battery unit of Samsung Group finally achieved a profitability of 1 percent. As to why it took so long for Korean battery pla...

South Korea’s largest commercial lender, KB Kookmin Bank, has also been experimenting with its corporate image. To promote its new mobile application Liiv Next this month, a financial platform service tailored to young customers, the CEO of the bank made an unusual move -- filming a teaser video with K-pop girl group aespa. Aespa’s branding as the first K-pop group with unique AI avatars as the ...

In the midst of the COVID-19 pandemic, South Korea’s financial groups have been gearing up for the so-called “sustainable financing,” centered on environmental, social and governance factors, or ESG,...tment process amid the prolonged pandemic. Responding to the ESG boom, the nation’s four major financial holding firms, including Shinhan Financial, KB Financial, Hana Financial and Woori Financial, ...

...n on their respective drives designed to adopt environmental, social and governance values. KB Financial Group, the nation’s No.1 banking group by assets, said last month that it was officially endor... of credits and interest rates for corporates that can prove their carbon offsetting plans. KB Financial’s industry rivals Shinhan Financial Group, Woori Financial Group, Hana Financial Group and NH ...

...f Korean commercial banks, KB Kookmin Bank -- the flagship lender under the nation’s No.1 banking group by total assets -- has seen 800 employees sign on for voluntary retirement and leave so far this...ick-and-mortar branches and downsize the workforce. According to data released by the watchdog Financial Supervisory Service earlier this year, South Korean banks shuttered 304 brick-and-mortar branc...

... costs and a surge in prices of farm products probably raised the inflation growth rate for October," Park Sang-hyun, an economist at Hi Investment & Securities, said. Jun Kyu-yun, an economist at Hana Financial Investment, said the inflation rate is expected to stay in the 3 percent range in the fourth quarter. South Korea's consumer prices grew more than 2 percent -- the central bank's mid-term infla...