... 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...

Hana Financial Group is expanding its project to help youth startups nationwide, as it has signed the first regional partnership with the Korea National University of Cultural Heritage, the group said Sunday. According to the group, the two sides signed a memorandum of understanding at the KNUCH in Buyeo, South Chungcheong Province on Friday. They agreed to provide support for startup ideas rela...

South Korea‘s Hana Financial Group announced Monday its support for the Women’s Empowerment Principles (WEPs) and said that it has joined the Net-Zero Banking Alliance, as part of its efforts to bolster ESG value in its management. The WEPs is a joint initiative by UN Women and UN Global Compact to promote women’s empowerment in the workplace and community. Hana said it will expand gender equali...

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...gulations and screenings, but loans extended to businesses grew 1.9 percent in the cited period. Hana Financial Group came at No.3 with a net income of 902.2 billion won in the same period, up 8 perc...

.... It categorized 708 respondents with personal assets over 1 billion won as “wealthy,” and of the group, 131 people aged between 19 and 49 as “young” and 577 people aged above 50 as “old.” Real estat...average 60 percent of the young rich’s 6.6 billion won in assets, while the rest was made up of financial assets including stocks, according to Hana Institute of Finance. Of the financial assets, stoc...

...re legal power to manage their wills as the nation became an aged society in 2017. On Wednesday, Hana Bank, one of the top four commercial lenders here, rolled out a trust fund that allows grantors t...4.48 million out of some 50 million Koreans who have pets, according to a report compiled by KB Financial Group last year. KB Kookmin also has several trust funds focused on inheritance and caters to...

...ear in terms of the combined size of the accounts held by five major crypto exchanges, watchdog Financial Supervisory Service data submitted to a lawmaker here showed Thursday. Of the total, investors...services. But they have been nonetheless actively seeking to get a foot in the door. Shinhan Financial Group is currently reviewing investment in Korbit, for which it has been providing real-name a...

The new chairman of Hana Financial Group on Sunday pledged to help the group become Asia’s top financial company by improving its global profile, nonbanking investment and digital finance. “At this time when the financial industry is at an inflection point of blurring boundaries, an accelerating aging population and slowing growth, I will (help the company to) improve shareholders and corporate ...