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....88 percent, 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 ...

...aday low at 56,100 won. The stock price declines followed rumors circulating online and within financial circles that Lotte Group was facing a liquidity crisis and would declare a moratorium next mon...signs of a prolonged petrochemical downturn, coupled with Lotte Chemical's earnings outlook and financial stability, stronger risk management, including credit reliability, is necessary." KB Securiti...

...ong 2,000 economically active men and women aged 25 to 29 living alone in the metropolitan area, 54.8 percent of respondents said they earn extra money through a second job, according to a report by KB Financial Group's think tank. The figure significantly grew from 42 percent in 2022. Among the respondents this year, 38.8 percent said they took on a side gig to save money for emergencies, followed by ...

...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....

... Korea. Shares of Hanwha Systems, the defense arm of Korea's seventh-largest conglomerate Hanwha Group, closed at 21,200 won, up 9.79 percent. Hanwha Aerospace, another defense unit under Hanwha, ga... The won-dollar exchange rate has weakened beyond 1,400 won three times previously, during the financial crises of 1997-1998 and 2008-2009, and amid the US Federal Reserve's aggressive monetary tight...

...rtners. Flagship air carrier Korean Air rose 1.72 percent to 23,700 won and leading online portal operator Naver climbed 1.55 percent to 170,400 won. Bank shares closed in negative territory, with KB Financial Group sinking 4.75 percent to 96,200 won and Woori Financial Group tumbling 5.97 percent to 16,060 won. The Korean won was trading at 1,385 won against the greenback at 3:30 p.m., up 3.7 won fr...

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... 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. The Value-up Index...

... shares 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....

...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...lied the 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,...

...lectronics and SK hynix showed a strong start in Wednesday morning trading. SK hynix and Samsung Electronics had gained 2.75 percent and 0.61 percent, respectively as of 2:25 p.m. The exclusion of KB Financial Group and Hana Financial Group has raised investors' eyebrows, given that the two groups are active participants in the Corporate Value-up Program and their low valuations needed much boost thro...

... 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...

...daq. 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 five-stage...

KB Financial Group Chairman Yang Jong-hee met with Hun Sen, president of the Cambodian Senate, on Wednesday to discuss potential collaborations aimed at advancing financial development in Southeast A...ved financial services through KB Financial Group’s capabilities,” Yang said. During the meeting, KB Financial Group also presented donations to the "Hun Sen Scholarship Foundation," which provides s...

...hares 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 B...

...mpanies Tuesday, the ACE India Consumer Power Active ETF and ACE India Market Representative Big5 Group Active ETF. According to the firm, Korea Investment Management is the first company in Asia to ...d on Friday. The public offering fund tracks Nifty 50, with the constituents being Mumbai-based financial provider HDFC Bank, Reliance Industry, tech firm Infosis, Indian conglomerate ITC and more. T...