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2 months ago | 
koreaherald.com | Choi Ji-won
Lee Chan-woo takes the helm at NongHyup Financial; Ham Young-joo secures second term at HanaFormer top policy official Lee Chan-woo is taking office as the new chairman of NongHyup Financial Group on Monday, while Hana Financial Group Chairman Ham Young-joo will begin his second term in March. Both leaders face mounting challenges, from fortifying internal controls to enhancing shareholder value, as South Korea’s banking sector navigates a turbulent landscape.
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2 months ago | 
koreaherald.com | Choi Ji-won
Within a day of their launch, US President Donald Trump and his wife Melania Trump’s meme coins, $Trump and $Melania, respectively, surged to the top of global cryptocurrency charts, amassing billions of dollars in value.
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Jan 23, 2025 | 
koreaherald.com | Choi Ji-won
South Korea’s economy limped to a 0.1 percent quarterly growth rate in the final quarter of 2024, bringing full-year growth to a disappointing 2 percent, according to the Bank of Korea on Thursday. The fourth-quarter gross domestic product growth, sharply downgraded from the central bank’s earlier forecast of 0.5 percent -- and even lower than the 0.2 percent projection made by BOK Gov.
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Jan 22, 2025 | 
koreaherald.com | Choi Ji-won
Shinhan Bank has opened a branch dedicated to serving foreign customers in Gimhae, South Gyeongsang Province. The branch integrates an "operational office," where customers can efficiently handle key financial tasks -- such as account opening, international remittances and document updates -- through in-person consultations, with a "digital lounge" offering video chat consultation services tailored to foreign customers.
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Jan 21, 2025 | 
theinvestor.co.kr | Choi Ji-won
South Korea’s financial authorities are streamlining delisting processes and expanding mandatory holding commitments for institutional investors to curb market distortion from short-term trading in initial public offerings. A set of reforms was announced at a seminar on stock market listing and delisting held Tuesday in Seoul by the Financial Services Commission, Financial Supervisory Service, Korea Exchange, Korea Financial Investment Association and Capital Market Institute.
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Jan 21, 2025 | 
koreaherald.com | Choi Ji-won
South Korea’s financial authorities are streamlining delisting processes and expanding mandatory holding commitments for institutional investors to curb market distortion from short-term trading in initial public offerings. A set of reforms was announced at a seminar on stock market listing and delisting held Tuesday in Seoul by the Financial Services Commission, Financial Supervisory Service, Korea Exchange, Korea Financial Investment Association and Capital Market Institute.
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Jan 20, 2025 | 
koreaherald.com | Choi Ji-won
South Korea on Monday announced its largest-ever financial support package: a 360 trillion won ($248.25 billion) plan to bolster exporters, with 50 trillion won dedicated to advanced strategic industries such as semiconductors and batteries, according to the Finance Ministry.
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Jan 17, 2025 | 
koreaherald.com | Choi Ji-won
Hanwha Life on Friday delivered a mobile welfare service vehicle to Jakarta, Indonesia, to support the physical and mental health of women and children. "Visiting Family Center" vans were handed over to the Jakarta government Thursday. The ceremony was attended by around 200 people, including Hanwha Life Senior Executive Vice President of Communications Hong Jeong-pyo, Jakarta Governor Teguh Setyabudi, government officials, child protection agency representatives and residents.
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Jan 16, 2025 | 
koreaherald.com | Choi Ji-won
'China fear' resurfaces as Affinity controls local rental car market amid BYD‘s Korean debutAffinity Equity Partners, the buyout firm that has been on a long shopping spree in Korea, last week made a rare public statement: "We are not a Chinese company.""We lack a centralized headquarters, functioning through several regional offices," the company clarified.
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Jan 16, 2025 | 
koreaherald.com | Choi Ji-won
South Korean insurers are bracing for losses from the massive wildfire in Los Angeles, with DB Insurance and Korean Re bearing the largest impact, costing them approximately 90 billion won ($61.8 million). Industry sources indicate DB Insurance holds the largest exposure, with 37 active policies in the affected areas -- 34 home insurance contracts in Altadena and three small business insurance contracts in Palisades, the two regions hardest hit by the recent wildfire.
