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Reporter : Lee Min-hyung
Sun, December 3, 2023 | 18:46
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...
Manipulation scandals dampen securities firms' plan to become mega investment banks
A group of securities firms that are eligible to apply for licenses to become super-large investment banks are moving to delay their plans amid unceasing stock manipulation scandals triggered by sales of risky derivatives. Only five major brokerage houses - Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, KB Securities and Samsung Securities ...
Korean financial firms make inroads into Southeast Asian market
Financial companies here are in a rush to expand their presence in Southeast Asia amid the toughening rivalry that is prevalent in the domestic market. KakaoBank, the nation's leading internet-only bank, has recently signed a partnership with SCBX of Thailand. The latter is one of the country's leading financial groups, rapidly expanding its investment in the area of financia...
Defense stocks soar on growing arms exports, NK missile threats
Shares of major defense companies have extended a surprising winning streak this year on growing arms exports to Europe and escalating geopolitical uncertainties on the Korean Peninsula following North Korea's repeated missile threats.