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Sat, December 3, 2022 | 15:50

Hana Bank partners with Lotte to manage assets of elderly clients

Hana Bank partners with Lotte to manage assets of elderly clients

Hana Bank has teamed up with Lotte Engineering & Construction to launch a customized asset management service for senior customers, whose numbers are growing due to the nation's aging population, the lender said Sunday.

2022-10-30 16:40

How Samsung shares will fare under Lee's chairmanship

How Samsung shares will fare under Lee's chairmanship

The outlook for share prices of Samsung Electronics and other affiliates is attracting keen market attention after Samsung Electronics' de facto leader Lee Jae-yong ended 10 years of vice chairmanship and was officially promoted as its executive chairman, Thursday. Analysts said Friday Lee's promotion on its own will have little impact on the course of Samsung stock prices, w...

2022-10-28 17:02

Credit Suisse's Korea operation aims to maintain key status amid restructuring plan

Credit Suisse's Korea operation aims to maintain key status amid restructuring plan

Credit Suisse announced a series of radical restructuring measures to revamp its global banking business on Thursday, after taking three months of thoroughly reviewing and reassessing its strategic future directions. The measures came as the Switzerland-headquartered bank posted its fourth straight quarterly loss for the third quarter of this year. According to its earnings a...

Anna J. Park | 2022-10-28 16:56

Shinhan's securities arm opens first office in Silicon Valley

Shinhan's securities arm opens first office in Silicon Valley

Shinhan Securities has opened an office in Silicon Valley, California - the first among local brokerage houses - with a view to enhancing its expertise in investment banking and its global startup network, the company said. According to the company, Shinhan Securities' Silicon Valley Representative Office started operating from Tuesday.

2022-10-27 17:20

KSD to host meeting of Asia-Pacific securities depositories

KSD to host meeting of Asia-Pacific securities depositories

Korea Securities Depository (KSD) will host a meeting of the securities depositories of Asia-Pacific nations next month in Busan. According to the KSD, it will host the 24th Asia-Pacific Central Securities Depository (CSD) Group (ACG) meeting in Busan from Nov. 7 to 10.

2022-10-27 16:38

Hana launches project to nurture digitally minded workers

Hana launches project to nurture digitally minded workers

Hana Financial Group Chairman Ham Young-joo, fourth from right, and Financial Supervisory Service (FSS) Governor Lee Bok-hyun, fourth from left, pose with other participants of a project initiated by the banking group to foster young workers skilled in digital technologies, during a ceremony at Cheongna International City in Incheon, Thursday. The ceremony took place at the g...

2022-10-27 16:16

Corporate direct financing dives in Sept. on fall in bond sale

Corporate direct financing dives in Sept. on fall in bond sale

Corporate direct financing in Korea dived in September as bond issuance sharply shrank amid fast-rising borrowing costs, data showed Thursday.

2022-10-27 09:39

KakaoBank to launch emergency response team following service outage

KakaoBank to launch emergency response team following service outage

KakaoBank will launch an emergency response team led by its chief information officer (CIO), the company announced on Tuesday, in response to Kakao's unprecedented service outage earlier this month. The team will operate under the lender's counter-crisis division and take responsibility for emergency measures in the event of any future disasters that could affect banking oper...

2022-10-25 16:47

Shinhan overtakes KB in Q3 performance

Shinhan overtakes KB in Q3 performance

Shinhan Financial Group reaped the biggest gains among the nation's four major banking groups in the third quarter, outpacing KB Financial Group which saw a slight fall in profits but retains the top position by market capitalization. In a report released on Tuesday, Shinhan Financial Group said it posted a record quarterly net profit of 1.59 trillion won ($1.11 billion) in t...

2022-10-25 16:47

Mirae Asset joins Musk's Twitter acquisition deal

Mirae Asset joins Musk's Twitter acquisition deal

Mirae Asset Global Investments will invest 300 billion won ($209 million) in Elon Musk's $44 billion Twitter acquisition deal. According to local investment banking industry sources, Tuesday, the asset management arm of Mirae Asset Financial Group has set up a fund worth 300 billion won as part of its plans to participate in Musk's Twitter buyout. Mirae Asset Securities is in...

Anna J. Park | 2022-10-25 16:18

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