Chung Mong-joon, the honorary chairman of the Asan Institute of Policy Studies, paid tribute on Thursday to the late Henry Kissinger, expressing deep sorrow over his passing that was announced late Wednesday. “Henry was a giant in global affairs; his insight and dedication have left an indelible mark on how we approach international peace and stability," said Chung in a statement. Renowned for his role as the national security adviser and secretary of state during the Richard Nixon an

KB Kookmin Bank CEO Lee Jae-keun has been nominated for a second term as the head of the nation’s top lender, KB Financial Group said Thursday. In a meeting held earlier in the day, the group’s CEO candidate recommendation committee named Lee as the sole and final candidate as the bank’s next CEO. Lee, 57, has been holding the top post since January 2022. Lee is recognized for his experience in crucial posts, such as sales, finance, strategy and more, and for his understanding

IR Innovator / Shinhan Financial Group

By Yoo Chang-jo Professor of marketing at Dongguk University The rapidly evolving landscape of technology-driven finance demands a global perspective and competitive edge. Recognizing the role of financial institutions in this dynamic environment, The Korea Herald's Global Finance Awards, now in its seventh year, continues to honor those at the forefront of innovation and service in the Korean financial sector. This year’s awards were categorized into the Financier of the Year, In

Brokerage of the Year / Mirae Asset Securities

Bank of the Year / KB Kookmin Bank

BlockSquare Seoul, under the wing of its holding company Youth Meta, provides virtual currency trading assistant services based on algorithms powered by artificial intelligence technology. Founded in 2016, the firm’s robo advisor, Goyabot, offers market prediction for some 180 cryptocurrencies, speculating future price movements by using data generated from real-time market monitoring. Goyabot predicts crypto price fluctuations by analyzing buy and sell orders entered on exchanges, trans

Youth Meta CEO hopes to provide simple, accurate leading indicators for virtual asset market

The Korean Intellectual Property Office, under the leadership of Commissioner Lee Insil, has been implementing multiple measures to support high-tech industries by speeding up patent processes, particularly in semiconductors and displays, while also tackling technology leakage and enhancing international intellectual property protection. This follows President Yoon Suk Yeol’s announcement made last month to invest 25 trillion won ($19.2 billion) in 12 key strategic technologies over the

Two Taiwanese display makers have been ordered to pay a combined 32.8 billion won ($25.1 million) in damages to LG Electronics Inc. for fixing the prices of LCD panels, sources said Monday. The Seoul Central District Court recently delivered the ruling in a compensation suit filed by LG and six of its overseas branches in January 2014 against AUO Corp. and HannStar Display Corp., both based in Taiwan. AUO, formerly AU Optronics Corp., and nine other LCD manufacturers and distributors were accuse

Samsung Electronics Co. has been making its final pitch for Busan's bid to host the 2030 World Expo with displays in Paris, company officials said Sunday. Samsung has displayed a message of support for the southeastern port city's expo bid across billboards at various places in France's capital, including Paris Charles de Gaulle Airport, major shopping areas and tourist attractions, according to the officials. Samsung has also put up a giant advertising post promoting its latest f

Mirae Asset Global Investments, an asset management company under Mirae Asset Financial Group, named two vice chairs, Choi Chang-hoon and Rhie Chun-yong, as chief executive officers of the firm in a shareholders meeting Thursday. Choi, who has held the co-CEO post since 2021, will serve another term. His efforts were appreciated for having secured investment stability by strengthening the diversity of the real estate investment portfolio in and out of Korea, the firm said. With 25 years of exper

Lee Sirgoo, CEO of Dunamu, the operator of Korea's largest cryptocurrency exchange Upbit, was officially tapped by board members to lead the fintech firm for another three-year term, it said on Wednesday. Lee, who has been serving his second term at the company, was first named its chief in 2017. The appointment is to be finalized through approval at a shareholders meeting, set to take place on Dec. 5. If approved, Lee’s term will last until December 2026. “I decided to assume

T1, the world’s top League of Legends esports company, is anticipated to reach a higher valuation and near the financial break-even point next year after winning the 2023 World Championship title, SK Telecom’s investment arm and T1’s majority shareholder SK Square said Monday. This victory was T1's fourth World Championship title and follows their two Mid-Season Invitational wins, another international LoL tournament hosted by Riot Games. Formed as a joint venture between

Lotte Chemical Corp. said Thursday it swung to a net profit in the third quarter from a year earlier due mainly to narrowed losses in the basic chemicals business division. Lotte Chemical shifted to a net profit of 32.77 billion won ($25 million) in the three months ended Sept. 30 from a net loss of 31.07 billion won in the same period last year, the company said in a statement. "On top of reduced losses in the basic chemicals division, the bottom line was buoyed by increased sales of high-