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Sat, June 3, 2023 | 07:37

Large-cap tech shares rally after BOK's rate freeze

Large-cap tech shares rally after BOK's rate freeze

Korea's major large-cap tech stocks extended a sharp rally, Thursday, buoyed by foreign investors' mass-buying spree, after the Bank of Korea (BOK) announced its widely anticipated decision to freeze its key rate. The latest monetary decision kept the interest rate gap between Korea and the United States unchanged at a historic high of 1.75 percentage points, but this has not...

Lee Min-hyung | 2023-05-25 16:25

Korea eyes closer partnership, new investment opportunities with AIIB

Korea eyes closer partnership, new investment opportunities with AIIB

Korea wishes to expand ties with the Asian Infrastructure Investment Bank (AIIB) and find new joint project opportunities, the first vice finance minister said Thursday.

2023-05-25 15:23

K bank enters car loan market with Deutsch Motors

K bank enters car loan market with Deutsch Motors

Following its previous expansion into credit and mortgage loans, K bank is now entering the car loan market in collaboration with Deutsch Motors. This marks the first time an internet-only bank has taken such a step in Korea.

Lee Yeon-woo | 2023-05-24 15:48

Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul

Shinhan, Hana chairmen join UN sustainable finance roundtable in Seoul

Two banking group chairmen, Jin Ok-dong of Shinhan and Ham Young-joo of Hana, participated in a regional roundtable hosted by the U.N. Environment Programme Finance Initiative (UNEP FI), a coalition body between the United Nations Environment Programme (UNEP) and global financial services companies, in Seoul, Wednesday.

Yi Whan-woo | 2023-05-24 15:15

BC Card offers support to young people leaving shelters

BC Card offers support to young people leaving shelters

Due to the absence of parents or child abuse, some children and teenagers live in shelters. But when they reach a certain age, they have to leave the shelter. They are provided a 10 million won ($7,600) subsidy by the government when they leave, but that is barely enough to rent a tiny studio and they can find it difficult to stand on their own.

2023-05-24 15:13

Will foreign investors extend record buying spree of Samsung shares?

Will foreign investors extend record buying spree of Samsung shares?

Samsung Electronics shares are picking up renewed momentum after a rebound on foreign investors' stronger-than-expected buying sprees.

Lee Min-hyung | 2023-05-24 14:37

Shinhan Bank Vietnam receives award for digitalization efforts

Shinhan Bank Vietnam receives award for digitalization efforts

Shinhan Bank Vietnam, a subsidiary of Shinhan Bank, was awarded by the State Bank of Vietnam (SBV) for its digitalization efforts. It was the only foreign-affiliated firm to receive an award at the event, the bank announced on Tuesday.

Lee Yeon-woo | 2023-05-23 16:30

KB to host annual golf tournament

KB to host annual golf tournament

KB Financial Group will host a Korea Professional Golfers' Association (KPGA) tournament from Thursday to Sunday, offering 700 million won ($533,700) in prize money, including 140 million won for the winner, the company said Tuesday.

Yi Whan-woo | 2023-05-23 16:21

[INTERVIEW] Foreign investors advised to consult eligibility for cash grant

INTERVIEWForeign investors advised to consult eligibility for cash grant

International tax expert Oh Sang-bum advises foreign investors planning to make direct investments in Korea to closely review their eligibility for “cash grants” provided by the Korean government.

Anna J. Park | 2023-05-23 16:19

Hana promotes customer-centered corporate culture worldwide

Hana promotes customer-centered corporate culture worldwide

Hana Financial Group is spreading its “customer-centered” corporate culture to employees of its overseas operations, the banking group announced Tuesday.

Yoon Ja-young | 2023-05-23 16:19

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