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• Seoul shares at over 2-week high on eased US default woes

  ...ospi made a moderate rebound on the back of eased US default woes," Choi Yun-ah, an analyst from Shinhan Securities Co., said. "Led by lifted US market sentiment, foreign investors purchased local sto...69 percent to 229,000 won. Banking and retail sectors were also in positive territory, with KB Financial Group rising 1.33 percent to 49,500 won and leading retailer Lotte Shopping climbing 1.36 perc...

• Hanwha Aerospace, KT added to MSCI Korea Index

  ...ot made the list due to the recent extreme price surge, as the evaluation was made on April 18,” Shinhan Securities analyst Lee Jae-rim said. The shares of EcoPro peaked in mid-April, hitting its hig... than a decade in hopes to attract more global investors and prove the credibility of the local financial market. The government and financial authorities have been introducing new measures to improv...

• KB chief seeks to ease concerns over real estate financing

  KB Financial Group Chairman Yoon Jong-kyoo said the banking group has been preparing for potential insolvency risks in project financing in the Korean real estate market by increasing its reserve hol...ngs firms stood at 31.1 trillion won ($23.49 billion) as of the first quarter of this year. KB Financial Group had the largest exposure among the four at 11 trillion won, followed by Shinhan Financia...

• Amorepacific, LG H&H face contrasting outlooks for Q2

  ...ion of sales of its flagship brand Sulwhasoo, said stock market observers Monday. According to financial market tracker FN Guide, LG H&H's operating profit forecast for the second quarter stood at 19...soo's rebranding strategy in its (second quarter) earnings," said Park Hyun-jin, a researcher at Shinhan Investment & Securities. Recently, Amorepacific initiated a slew of strategies to reconstruct ...

• Top financial firms log Q1 net growth; increase loan loss reserves

  All four major financial holding companies in Korea have increased their loan loss reserves during the first quarter of this year. Despite this, KB Financial Group, Woori Financial Group, Hana Financial Group and Shinhan Financial Group have managed to report an improvement in net profit during this period. KB's loan loss reserves in the January-March period were 668.2 billion won, surging dram...

• Shinhan Financial Group files its FY2022 Form 20-F to the SEC

  SEOUL, South Korea , April 21, 2023 /PRNewswire/ -- Shinhan Financial Group (NYSE: SHG) (KRX:055550) filed its Annual Report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (SEC) on April 20, 2023 . Th e r eport is available at Shinhan Financial Group's Homepage, http://www.shinhangroup.com/en/invest/filing/oversea_filing02.jsp , as well...

• Seoul shares end higher on auto, battery materials, financial gains

  ... percent to 227,000 won. Posco Future M, steel giant Posco Holding's components-making unit, spiked 8.38 percent to 414,000 won, continuing its recent winning streak on rosy business prospects. Financial stocks also helped support the index, with major banking firm KB Financial adding 2.17 percent to 49,450 won and Shinhan Financial climbing 1.13 percent to 35,650 won. Market bellwether Samsung Electronics shed 0.15 percent to 65,500 won, while No. 2 chipmaker SK hyni...

• KT&G holds the 36th Annual General Meeting of Shareholders - all proposals by the Board of Directors approved

  ...inally proposed. The agenda items discussed at this year's AGM are as follows: 1) Approval of Financial Statements for the 36 th fiscal year 2) Approval of Provision of Dividends and Statement of...d under the Company's AOI. As a result, the Board's nominees, Kim Myung -chul, a former CFO of Shinhan Financial Group and Koh Yun-sung , a business administration professor at Hankuk University o...

• Korea Cross-Border FinTech E9pay and Shinhan Bank Join Forces to Promote Convergence and New Business Opportunities

  ...n South Korea . The partnership aims to build cooperation for overseas remittance/payment for financial inclusion, especially foreign workers residing in Korea and SMEs using E9Pay Commercial Paymen...mpany also serves its 11.9 million mobile users with its award-winning app 'SOL.' The company's financial group 'Shinhan Financial Group' is a diversified holding company with 17 companies including S...

• New Shinhan chairman wins shareholder approval

  Shareholders of Shinhan Financial Group on Thursday approved the appointment of Jin Ok-dong, its flagship banking unit’s former CEO, as the group’s new chairman. “I feel a great sense of responsibil... held at the group’s headquarters in Seoul. Having worked in Japan for almost 20 years, the new Shinhan chief is considered a seasoned overseas business expert within Shinhan Financial Group. Despite...