South Korean stocks turned a tad lower after starting marginally higher on Wednesday ahead of the release of China's purchasing managers' index. The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,591.14 in the first 15 minutes of trading. Wall Street was closed Tuesday for the Independence Day holiday. Later in the day, China is set to release the Caixin purchasing managers' index. In Seoul, most large-cap shares opened in negative terrain. Mar

South Korean stocks closed lower Tuesday as investors sought to cash in recent gains. The local currency rose against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index sank 9.16 points, or 0.35 percent, to close at 2,593.31. Trading volume was moderate at 662.9 million shares worth 9.02 trillion won ($6.93 billion), with decliners outnumbering gainers 586 to 292. Foreigners and institutions sold off a net 345.4 billion won worth of stocks, while retail investor

Hana Financial Group said Monday it is working together with Binus University, a prestigious private university in Indonesia, to foster global talent in the financial sector. Under the partnership agreement signed in Seoul on Friday, Hana Financial Group will provide opportunities for Indonesian university students to work as interns at Hana offices starting in the second half of this year. Binus University plans to operate the International Talent Pool Management program, which provides credits

Hana Financial Group Chairperson Ham Young-joo (third from left) and employees pose for photos to promote “cool biz” fashion at the group’s headquarters in Seoul on Friday, as part of an energy-saving campaign challenge. Last month, Ham was nominated by Kolon Vice Chairperson Ahn Byung-duk to join the campaign. On the day, he nominated SC Bank Korea CEO Park Jong-bok and Genesis BBQ Chairperson Yoon Hong-geun as the next participants. (Hana Financial Group)

Hana Financial Group Chairperson Ham Young-joo (third from left) and employees pose for photos to promote “cool biz” fashion at the group’s headquarters in Seoul on Friday, as part of an energy-saving campaign challenge. Last month, Ham was nominated by Kolon Vice Chairperson Ahn Byung-duk to join the campaign. On the day, he nominated SC Bank Korea CEO Park Jong-bok and Genesis BBQ Chairperson Yoon Hong-geun as the next participants.

South Korea’s lower court on Friday ordered the Korean government and Seoul City to repay US private equity firm Lone Star Funds 168.2 billion won ($127.6 million), which the firm had paid as corporate tax levied on the sale of its now-defunct Korea Exchange Bank stake. The Seoul Central District Court said the central government should pay 153 billion won and Seoul city government 15.2 billion won, respectively. The ruling applied an annual interest rate of 5 percent for delayed damages,

South Korean stocks closed higher Friday after the country's economic data showed improvement in industrial output, private spending and facility investment. The benchmark Korea Composite Stock Price Index climbed 14.26 points, or 0.56 percent, to 2,564.28. Trading volume was moderate at 498.9 million shares worth 8.04 trillion won ($6.1 billion) with gainers outstripping decliners 612 to 260. The index opened lower on losses of large-cap tech stocks and investors' woes over expectatio

Hana Financial Group Vice Chairman Lee Eun-hyung (second from right) and other company and government officials pose for a photo during a stationery delivery event held at the headquarters of Hana Microfinance in Yangon, Myanmar, Tuesday. Some 500 sets of stationary were delivered to help students in the city hit by the recent cyclone Mocha.

Hana Bank announced on Wednesday that it has renewed its official sponsorship contract with the Korea Football Association and the Korean national football team. "Hana Bank will continue to support the Korea Football Association and the national football team. We have been together during important moments in our soccer history such as the time when our national football team reached the round of 16 matches in the FIFA World Cup in Qatar last year," Hana Financial Group Chairman Ham Yo

NEAR Foundation signed a strategic business partnership with leading financial company Mirae Asset. NEAR Foundation supports the development of the NEAR protocol which focuses on providing optimal solutions for the innovation of the Web3 financial paradigm. SEOUL, South Korea, June 9, 2023 /PRNewswire/ -- NEAR Foundation announced a strategic partnership with Mirae Asset, a subsidiary of Asia's largest financial group Mirae Asset Global and a leading company in the financial services i

JPMorgan Chase CEO and Chairman Jamie Dimon reportedly met with the heads of the nation’s top four financial groups and Bank of Korea Gov. Rhee Chang-yong in Seoul during his two-day visit to Korea in five years, according to industry sources on Tuesday. Upon his arrival at a Seoul hotel on Monday, he met with the nation’s financial leaders, including Shinhan Financial Group Chairman Jin Ok-dong, Hana Financial Group Chairman Ham Young-joo, Woori Financial Group Chairman Lim Jong-r

Hana Financial Group and Mirae Asset Securities said Thursday that they have signed a joint deal for business cooperation in Web3 and security tokens in efforts to lead the way into the future of digital finance. “Through our solid partnership, we will actively take up opportunities for change and lead the way for innovation in digital finance by providing new values and experiences,” Hana Financial Group Chairman Ham Young-joo said. Web3 is a new version of the internet incorporatin

Hana Financial Group Chairman Ham Young-joo pledged that the financial conglomerate will play proactive role in expanding investments in the biodiversity sector during an event held by the United Nations Environment Programme in Seoul on Wednesday. "We will fulfill our role as a financial institution in promoting environmental and social responsibility by formulating policies and expanding investments in the field of biodiversity conservation, which holds tremendous potential,” Ham sa

US investment firm Capital Group has increased its stake in Hana Financial Group from the previous 5.08 percent to 5.55 percent, becoming the Korean financial giant’s third-largest shareholder. Following the 5.08 percent stake purchase in February, the US firm announced its additional stake purchase of 0.47 percent last week. With the latest purchase, Capital Group becomes the third-largest shareholder after the National Pension Service with 8.78 percent and BlackRock with 6.19 percent. Ca

Hana Financial Group Chairman Ham Young-joo (front left) tests a loan-linked payment service on the Line Bank app using a Samsung Electronics smartphone during the “Line Bank X Samsung” event held at a shopping mall in Jakarta, Indonesia on Thursday. Line Bank is a digital banking service jointly launched by Hana Bank and Line, the messenger platform, in Indonesia in 2021.