NEAR Foundation signed a strategic business partnership with leading financial company Mirae Asset. NEAR Foundation supports the development of the NEAR protocol which focuses on providing optimal solutions for the innovation of the Web3 financial paradigm. SEOUL, South Korea, June 9, 2023 /PRNewswire/ -- NEAR Foundation announced a strategic partnership with Mirae Asset, a subsidiary of Asia's largest financial group Mirae Asset Global and a leading company in the financial services i

JPMorgan Chase CEO and Chairman Jamie Dimon reportedly met with the heads of the nation’s top four financial groups and Bank of Korea Gov. Rhee Chang-yong in Seoul during his two-day visit to Korea in five years, according to industry sources on Tuesday. Upon his arrival at a Seoul hotel on Monday, he met with the nation’s financial leaders, including Shinhan Financial Group Chairman Jin Ok-dong, Hana Financial Group Chairman Ham Young-joo, Woori Financial Group Chairman Lim Jong-r

Hana Financial Group and Mirae Asset Securities said Thursday that they have signed a joint deal for business cooperation in Web3 and security tokens in efforts to lead the way into the future of digital finance. “Through our solid partnership, we will actively take up opportunities for change and lead the way for innovation in digital finance by providing new values and experiences,” Hana Financial Group Chairman Ham Young-joo said. Web3 is a new version of the internet incorporatin

Hana Financial Group Chairman Ham Young-joo pledged that the financial conglomerate will play proactive role in expanding investments in the biodiversity sector during an event held by the United Nations Environment Programme in Seoul on Wednesday. "We will fulfill our role as a financial institution in promoting environmental and social responsibility by formulating policies and expanding investments in the field of biodiversity conservation, which holds tremendous potential,” Ham sa

US investment firm Capital Group has increased its stake in Hana Financial Group from the previous 5.08 percent to 5.55 percent, becoming the Korean financial giant’s third-largest shareholder. Following the 5.08 percent stake purchase in February, the US firm announced its additional stake purchase of 0.47 percent last week. With the latest purchase, Capital Group becomes the third-largest shareholder after the National Pension Service with 8.78 percent and BlackRock with 6.19 percent. Ca

Hana Financial Group Chairman Ham Young-joo (front left) tests a loan-linked payment service on the Line Bank app using a Samsung Electronics smartphone during the “Line Bank X Samsung” event held at a shopping mall in Jakarta, Indonesia on Thursday. Line Bank is a digital banking service jointly launched by Hana Bank and Line, the messenger platform, in Indonesia in 2021.

KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve holdings during a global investor relations event held in Singapore on Tuesday. During the "Invest K-Finance: Singapore IR 2023" event, many global investors voiced concern over the rising risks in the real estate project financing market in Korea. The loan exposure of four major Korean fina

South Korean stocks opened a tad lower Tuesday as Wall Street ended mixed ahead of key US inflation data. The benchmark Korea Composite Stock Price Index slipped 5.59 points, or 0.22 percent, to 2,507.62 in the first 15 minutes of trading. On Wall Street, the Dow Jones Industrial Average closed down 0.17 percent and the Nasdaq Composite added 0.18 percent as investors awaited consumer price data slated for Wednesday, which is expected to affect the Federal Reserve's next steps. In Seoul, ma

Hana Financial Group said Monday it has signed a memorandum of understanding with Taiwan’s banking giant, CTBC Bank, to seek business expansion in overseas markets. Under the new partnership, Hana and CTBC plan to support their overseas branches to expand businesses and optimize profits, as well as to discover new business opportunities together in various fields, including corporate finance and investment banking. They also agreed to share business know-how to increase their assets furthe

Morphing into a customer-centered financial platform company through open digital innovation, fostering digital talent and strengthening technological capabilities is one of the key strategies Hana Financial Group pushes forward. Based on big data, the banking group is developing products and services tailored to customer groups while converting offline branches into financial platforms where customers can satisfy their needs through human touch. The digital channel plays the role of an all-in-o

Hana Financial Group plans to step up its globalization efforts to become a globally leading finance firm with customized strategies suited to each market with its business spanning from banking to securities brokerage services. As of the end of 2022, Hana Financial Group had expanded across 25 countries, with more than 4,500 employees overseas. According to the group, its global profit has been increasing every year by an average of 15 percent over the past four years. In 2022, the group&rs

Hana Financial Group opened a new childcare center in the southern county of Chilgok, North Gyeongsang Province, Friday. The new opening is part of the financial giant’s ongoing 100 Childcare Centers Initiative, which aims to help tackle the nation’s declining birth rate while enhancing social responsibility activities in collaboration with the local economy. The latest Waegwan Hana Childcare Center marks the 64th of such facilities established since 2018, with 150 billion won ($112

All four major financial holding companies in Korea have increased their loan loss reserves during the first quarter of this year. Despite this, KB Financial Group, Woori Financial Group, Hana Financial Group and Shinhan Financial Group have managed to report an improvement in net profit during this period. KB's loan loss reserves in the January-March period were 668.2 billion won, surging dramatically from 145.8 billion won during the same period last year. Despite the increase in loan los

Meritz Financial Group on Tuesday completed the process of incorporating its nonlife insurance and brokerage affiliates into the group, making it the third-largest financial conglomerate in Korea. After the consolidation, the group's market capitalization is expected to extend to over 9 trillion won ($6.73 billion). Only KB Financial Group (19.85 trillion won) and Hana Financial Group (12.31 trillion won) are estimated to have higher market capitalizations. The group's decision to in

Hana Financial Group opened its first Hana Momcare Center in Bundang, Gyeonggi Province, on Friday. The center, the first of its kind, comes with a nursing room equipped with child care products including a water purifier, bassinet, baby feeding chair, breast pumps and a changing table for babies. It also comes with other necessities such as baby wash, lotion, wet wipes and cleaning liquid for feeding bottles. Pregnant women and parents can use the center to care for their children when visit