South Korean stocks opened slightly higher Wednesday, led by tech and financial shares, as investors awaited earnings results from U.S. AI chip giant Nvidia. The benchmark Korea Composite Stock Pric...rcent, and Hanmi Semiconductor, a leading chipmaking equipment supplier, rose 2.85 percent. KB Financial Group moved up 3.28 percent, and Shinhan Financial Group increased 3.72 percent. Major bio te...

...softened regulation and higher interest rates. The KRX Banks index, representing shares of top financial service providers such as KB, Shinhan, Woori and Hana, closed at 913.69 on Nov. 7, up 2.33 per...ts of local banks, more foreign investors are raising their stakes in local lenders. The Capital Group Companies, a major asset manager based in the US overseeing assets worth 3,900 trillion won ($2....

...dai Motor declined 0.22 percent. Major battery maker Posco Future M retreated 0.63 percent, and leading oil refinery SK Innovation decreased 0.83 percent. Bank shares were also weak, with Shinhan Financial Group falling 4.41 percent and Hana Financial Group dipping 2.77 percent. The local currency was trading at 1,384.25 won against the US dollar, up 2.25 won from the previous session. (Yonhap)

Shinhan Financial Group, one of the country's top financial providers, posted lower-than-expected earnings for the July-September quarter, hit by the derivative fiasco from its brokerage arm. The fi...he group will look into the internal control system again and fix it," an official from Shinhan Financial Group said. Shinhan Bank, a key affiliate of the group, posted 1.04 trillion won net profit i...

KB Financial Group reported record third-quarter profits driven by increased interest revenues from expanded loans while announcing a plan to enhance shareholder returns linked to its financial stabi... enhancement plan follows KB's failure to enter the Korea Value-up Index, unlike industry rivals Shinhan Financial Group and Woori Financial Group, which made disclosures ahead of the index launch. T...

Shinhan Financial Group announced Thursday it has signed a memorandum of understanding with China's Bank of Communications to enable its SOL Travel Card users to make payments using QR codes in China. The Bank of Communications, one of China’s five state-owned commercial banks, ranked ninth in The Banker’s 2023 Top 1000 World Banks. Its Seoul branch serves as the only designated renminbi clearin...

... percent to 108,700 won. Major shipbuilder HD Korea Shipbuilding & Offshore Engineering decreased 1.13 percent to 192,900 won and No. 1 zinc smelter Korea Zinc fell 0.98 percent to 809,000 won. Financial stocks also closed in negative terrain in the face of profit taking. Shinhan Financial Group dropped 2.42 percent to 56,400 won and F&B giant Nongshim dipped 1.3 percent to 380,500 won. But leading battery maker LG Energy Solution rose 0.25 percent to 404,500 won and Hyu...

...s opened weaker across the board. Samsung Electronics, the world's largest memory chipmaker, sank 2.46 percent, and its chipmaking rival SK hynix slumped 4.2 percent. Major banking shares of KB Financial Group and Shinhan Financial Group declined 1.05 percent and 1.38 percent, respectively. Leading retailer Lotte Shopping decreased 0.63 percent, and entertainment giant CJ ENM fell 2.03 percent. The lo...

...rms, including Kakao Bank, Japan’s SBI Sumishin Net Bank and the US-based Bancorp. BaaS enables financial institutions to offer banking services to non-financial companies, boosting non-interest incom...he average PBR of 2.56 from these peers, which surpasses Kakao Bank's 1.62 and is well above KB Financial Group's 0.54 and Shinhan Financial Group's 0.51. While K bank also pursues a BaaS model, its n...

...very of safe AI services for the Korea market. "We are delighted with the partnership between KT and Microsoft, which presents a valuable opportunity to enhance our digital competitiveness," said Shinhan Bank, a leading financial group in Korea. "By utilizing the KT GPT model, specialized in Korean language and financial services, we aim to deliver innovative AI-driven services to the domestic financial consumers." Deli...

... home and in overseas markets. On Tuesday, the tech giant, together with the nation’s top five financial groups and the Financial Supervisory Service, vowed to offer low-interest rates on loans to sm...logy, to help our partner companies establish a foundation for ESG management,” he added. Hana Financial Group Chairman Ham Young-joo said, "With this business agreement, we expect that small and med...

...ourse Kosdaq. Blue-chip stocks such as Samsung Electronics, SK hynix, Hyundai Motor and Celltrion have been listed, as well as the shares of major finance firms, including Mirae Asset Securities, Shinhan Financial Group and Woori Financial Group. Yet, KB Financial Group and KT, heavyweights in the banking and communication sectors, respectively, were not listed. The components were selected through a fi...

...ended in negative territory. Chip giant Samsung Electronics sank 1.96 percent to 64,900 won, and Hanmi Semiconductor, a leading chip equipment provider, edged down 0.1 percent to 96,300 won. KB Financial Group tumbled 6.03 percent to 77,900 won, and Shinhan Financial Group slumped 6.18 percent to 53,100 won. Leading pharmaceutical firm Celltrion dropped 2.6 percent to 190,700 won, and Samsung Biologics...

South Korea’s Shinhan Bank said Wednesday that it has embarked on a new business venture to provide digital finance consulting services to global peers, with Japan’s Tokyo Kiraboshi Financial Group a... software that allows users to access financial services within non-fintech software solutions. Shinhan Super SOL, a mobile application encompassing the primary functions of Shinhan Financial Group’s...

Shinhan Financial Group Chairman Jin Ok-dong (left) poses with Community Chest of Korea Chairman Kim Byong-joon after signing an agreement to make a joint effort to spread a culture of philanthropy harnessing will-substitute trusts at the charity's headquarters in Seoul Monday. Shinhan will encourage its customers who have signed up for its will-substitute trust program to donate a portion of the...