Shinhan Financial chair tapped for second term

Record earnings bolster reappointment as Shinhan looks to sustain momentum Shinhan Financial Group Chair Jin Ok-dong, 64, was tapped for a second term with the banking group Thursday. He is expected

Seoul shares snap 3-day rally; won sharply down

banking group KB Financial Group added 0.89 percent to 124,800 won. The local currency was quoted at 1,470.6 won against the greenback at 3:30 p.m., down 5.7 won from the previous session. (Yonhap)

Seoul shares up for 3rd day on US rate cut hope

acquisition of Dunamu the previous day. Leading biotech firm Samsung Biologics fell 0.3 percent to 1.65 million won, and major banking group KB Financial Group went down 0.8 percent to 123,700 won. The local

[Finance Awards] Shinhan Financial widens lead over global rivals in Vietnam

Global innovator of the year Shinhan Financial Group Shinhan Financial Group has reinforced its standing as Vietnam’s top foreign financial institution, posting rapid gains in assets and

Seoul shares rise over 2% amid rate cut hopes; won sharply rises

,600 won. Leading biotech firm Samsung Biologics advanced 1.48 percent to 1.65 million won, and major banking group KB Financial Group mounted 2.47 percent to 124,700 won. The local currency was quoted

Seoul shares open higher on revived hopes for Fed rate cut

LG Energy Solution increased 1.09 percent. Shinhan Financial Group, a major banking group, went up 2.62 percent, and Celltrion, a leading pharmaceutical firm, added 1.21 percent. The local currency was

Seoul shares up more than 3% on hopes for dividend tax reform, end of US shutdown

may come to an end soon, as some Democratic lawmakers agreed to support its reopening. Financial companies closed mostly bullish, with KB Financial rising 4.28 percent to 129,000 won and Shinhan

Top banking groups to inject W500tr into 'productive, inclusive' finance

KB Financial Group and Shinhan Financial Group announced Sunday that they will each commit 110 trillion won ($75 billion) to promote "productive" and "inclusive" finance over the next five years

EQT to acquire controlling stake in Korea's Douzone Bizon for $930m

held by Douzone Bizon Chair Kim Young-woo and a 14.4 percent stake owned by Shinhan Financial Group affiliates. The transaction is subject to customary regulatory approvals, including merger clearance

Seoul expands probe into suspects, banks, death in Cambodia

Korean banks linked to the Cambodian conglomerate Prince Group, and the death of a Korean man believed to have been detained and tortured. According to the Korean National Police Agency on Monday, 59 of