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Finance

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Sun, December 6, 2020 | 09:52

Shinhan creating new paradigm for digital transformation

Shinhan creating new paradigm for digital transformation

Shinhan Financial Group is setting a new paradigm for digital transformation by realigning its business structure to achieve its goal of becoming a “digital finance company.”

Lee Min-hyung | 2020-12-05 10:09

Goldman Sachs, JPMorgan to stay out of Kakao Bank IPO

Goldman Sachs, JPMorgan to stay out of Kakao Bank IPO

Goldman Sachs and JPMorgan are unlikely to bid to become underwriters for Kakao Bank's planned initial public offering (IPO) because of possible conflicts of interest, according to sources, Friday.

Park Jae-hyuk | 2020-12-04 17:28

Market bets on Google, Facebook takeover of KineMaster

Market bets on Google, Facebook takeover of KineMaster

KineMaster shares have soared throughout this week, after its major shareholders confirmed their plan to sell their controlling stake in the mobile video editor services provider. Its share price closed at 29,050 won, Friday, up from 12,050 won a week earlier. Founded in 2002 as NexStreaming, the Kosdaq-listed company operates the mobile video editor app KineMaster, which gen...

Park Jae-hyuk | 2020-12-04 17:23

KOSPI to enjoy additional rally amid exchange rate fall

KOSPI to enjoy additional rally amid exchange rate fall

The declining won-dollar exchange rate will continue to push the benchmark KOSPI higher at least until the first quarter of 2021 by attracting more foreign capital here, market experts said Friday.

Lee Min-hyung | 2020-12-04 16:21

Samsung Card falls victim to sanctions on Samsung Life

Samsung Card falls victim to sanctions on Samsung Life

Samsung Card faces a growing challenge in expanding its data-driven businesses next year, after the Financial Supervisory Service (FSS) handed down a heavy sanction on the card firm's largest shareholder, Samsung Life Insurance.

Lee Min-hyung | 2020-12-04 16:02

Korea's currency continues to strengthen on US stimulus talks

Korea's currency continues to strengthen on US stimulus talks

South Korea's currency continued to gain ground against the U.S. dollar Friday, as the risk appetite is growing over signs of progress in U.S. stimulus talks and developments of coronavirus vaccines. The won was quoted at 1,092.30 won per U.S. dollar as of 9:04 a.m., up 4.7 won from the previous session's close. On Thursday, the local currency closed at 1,097.00 won per U.S. ...

2020-12-04 10:22

Foreign ownership of Korean land rises 1.2% in H1

Foreign ownership of Korean land rises 1.2% in H1

Foreign ownership of South Korean land rose 1.2 percent in the first half of 2020 from the end of 2019, the land ministry said Friday. Foreigners owned 251.6 square kilometers - slightly more than four times the size of Manhattan - at the end of June. It represents 0.25 percent of South Korea's total land area, the Ministry of Land, Infrastructure and Transport said in a stat...

2020-12-04 09:34

Foreigners granted equal housing tax incentives

Market expects Hahn & Co. to exit Hanon Systems soon

Market expects Hahn & Co. to exit Hanon Systems soon

Stock investors are betting more on Hanon Systems with expectation that its largest shareholder Hahn & Company will unload its stake in the near future.

Park Jae-hyuk | 2020-12-04 09:13

Genome & Company awaits upcoming listing at KOSDAQ

Genome & Company awaits upcoming listing at KOSDAQ

Ahead of its initial public offering (IPO) at heavy-tech KOSDAQ later this year, Genome & Company laid out the biotech firm's various business models and future visions centering on its microbiome-based immuno-oncology expertise at its IR event on Thursday.

Anna J. Park | 2020-12-03 16:35

Strongest won in 30 months

Strongest won in 30 months

An employee stands in front of a monitor set up in the dealing room of the headquarters of Hana Bank, Thursday. The won-dollar exchange rate ended at 1,097 won Thursday, down 3.8 won from the previous day's trading. This is the lowest level in two-and-a-half years since June 15, 2018, as the won strengthens against the dollar amid market expectations on the U.S. government's ...

Anna J. Park | 2020-12-03 16:35

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