search close
Reporter : Lee Min-hyung
Fri, September 22, 2023 | 00:27
Foreign exodus aggravates outlook on Korean financial stocks
Large-cap financial stocks are extending lukewarm performances as foreign investors have dumped their shares en masse amid expectations of an overall earnings slowdown in the financial industry here, analysts said Tuesday. Shares of major financial firms displayed a sharp rally early this year after reporting record profits in 2022. The unprecedentedly hawkish cycle of rate h...
Naver's expansion poses growing threat to brokerage houses
Naver is posing a growing threat to securities firms, as the nation's largest online portal company considers linking Mirae Asset Securities' web-based stock trading service to its dominant internet platform. Even if the potential partnership is still in its infancy, most brokerage houses are widely forecast to be affected by Naver's ever-growing platform influence, according...
Hyundai Card signs data partnership with Visa
Hyundai Card has signed a strategic business partnership with Visa to seek potential opportunities in the area of payments data, the Korean credit card company said Monday. “We look forward to working with Visa and combining both companies' expertise to provide advanced solutions that meet the needs of our partners and customers,” Hyundai Card Vice Chairman and CEO Ted Chung ...
Hana Financial Group offers scholarships for Marines
Hana Financial Group awarded scholarship funds worth 150 million won ($114,000) to the Marine Corps here to fulfill its corporate social responsibility (CSR), the financial holding firm said Sunday. The donated money will be used to help Marines and the bereaved families of those who sacrificed their lives for the country to continue their education.
Yoon's state visit to Vietnam boosts defense stocks
President Yoon Suk Yeol's state visit to Vietnam has produced another sharp rally of Korea's defense stocks on hopes for more arms exports, after the leaders of both countries agreed to elevate their partnerships in maritime security and defense.
Prosecution chief vows stern punishment for market manipulation
Prosecutor General Lee One-seok has vowed to root out stock market manipulation by introducing tougher punishments and confiscating illegal gains from unfair traders.
Naver, Kakao fail to regain glory on earnings slowdown
Shares of Naver and Kakao - two representative internet stocks here - are losing almost all of their pandemic gains amid a pessimistic outlook on their earnings growth.
Brokerages' real estate asset values plunge amid freezing sentiment
The real estate assets of securities firms here have plunged in value over the past year amid continued market downturn caused by a hawkish cycle of rate hikes, data showed.
Dunamu's Stockplus launches ChatGPT-powered AI service
Stockplus, a stock investment platform operated by Dunamu, has introduced an interactive artificial intelligence (AI) chatbot service using ChatGPT that allows investors to receive real-time investment information more accurately.
Investors discuss future of financial industry at ICSA 2023
Members of the International Council of Securities Associations (ICSA) stressed the dire need to alleviate post-pandemic global financial risks posed by escalating macroeconomic uncertainties here and abroad. A group of 300 members of the ICSA and Korea Financial Investment Association (KOFIA) discussed the agenda of breaking through the ongoing financial volatility on the si...