South Korean stocks jumped nearly 1 percent Tuesday as concerns over the Israel-Hamas conflict eased. The local currency slightly gained ground against the US dollar. The benchmark Korea Composite Stock Price Index added 23.93 points, or 0.98 percent, to close at 2,460.17, ending a two-session losing streak. Trading volume was moderate at 500.5 million shares worth 7.6 trillion won ($5.6 billion), with winners beating losers 582 to 281. Foreign purchases led the rally, as offshore investors scoo

Hana Financial Group Chairman Ham Young-joo highlighted the importance of sustainable financing during his meeting with the Dutch ambassador for sustainable development in The Hague, Netherlands, Friday. The Hana chief met with Ambassador Rene van Hell as part of his visit to Europe to meet with global investors. According to Hana, Ham and van Hell agreed on the need for "green financing" to transition to a decarbonized economy, in particular cutting down on carbon emissions in asset p

South Korean stocks closed slightly higher Friday ahead of the US payrolls data release. The local currency rose against the US dollar. The benchmark Korea Composite Stock Price Index added 5.13 points, or 0.21 percent, to close at 2,408.73. Trading volume was slim at 284.6 million shares worth 6.36 trillion won ($4.71 billion), with gainers outpacing losers 652 to 220. Foreigners sold off a net 325.4 billion won worth of shares, continuing their selling streak for the 11th consecutive trading d

South Korean stocks opened higher Friday as investors await the US payrolls data, which will give clues for the Federal Reserve's future monetary tightening policy. The benchmark Korea Composite Stock Price Index added 10.86 points, or 0.45 percent, to 2,414.46 in the first 15 minutes of trading. Overnight, all three US indexes slipped as investors were on edge ahead of the release of monthly non-farm payrolls data to be released later in the day, which will be a decisive factor in forecast

From left: Hana Financial Group Vice Chairman Lee Eun-hyung, Korean Ambassador to Saudi Arabia Park Joon-yong and Saad Al-Khalb, CEO of Saudi Export-Import Bank (Saudi EXIM), pose for a photo after signing a partnership deal at the headquarters of Saudi's National Development Fund in Riyadh, Monday. Hana became Korea's first commercial bank to forge business ties with Saudi EXIM. The two institutes aim to expand financial cooperation to explore new global projects in the Middle East an

Hana Financial Group announced Thursday it will launch a five-year project, Hana-run day care centers, that are open 365 days, even 24 hours a day, with the aim of reversing South Korea’s continually falling birth rate. This new project is a part of the program, Hana Life Journey Support, which strives to alleviate the struggles shared by families going through life-changing events such as marriage, childbirth and aging. Aiming to tackle the nation’s record-low birth rate, Hana has f

K-pop girl band IVE performs during the Hana Playlist Concert held at Yonsei University in Seoul, Sunday. Other singers in the lineup included singer and producer Psy, folk duo MeloMance, ballad singer Sung Si-kyung and K-pop boy band Zerobaseone. The two-day event was hosted by Hana Financial Group as part of its ongoing cultural projects aimed at raising its brand awareness. (Hana Financial Group)

KB Financial Group is often referred to as a "big fish in a small pond," given its position as Korea's largest financial holding firm with a weak global presence. The group's new chairman candidate, Yang Jong-hee, aims to change this. According to KB, Yang’s global expansion plan focuses on two key areas: Normalizing KB's money-losing Indonesian subsidiary, Bank KB Bukopin, and further strengthening KB's Cambodian unit, KB Prasac Bank, which is already doing

Hana Financial Group’s Vice Chairman Lee Eun-hyung (center) and some 30 employees from its overseas affiliates pose for a picture as part of the six-day global workshop held last week at Hana Global Campus in Cheongna, Incheon. Under the theme “All Connected in Hana Global,” this year’s workshop aimed to solidify a sense of belonging among its overseas workers while introducing them to the group's current performance, future vision and sustainability managment projec

The chairman of Hana Financial Group met with foreign investors through an investor relations event held in Hong Kong, Tuesday to expand the Korean banking group's presence in the global financial market. At the event, Chairman Ham Young-joo shared the financial achievements of the financial group and mid-term growth strategies while boasting its sound asset quality and environmental, social, corporate governance (ESG) efforts. The two-day event wraps up on Wednesday. He also explained the

Hana Financial Group said dozens of university students had completed its annual training program aimed at nurturing ambassadors on its environmental, social and corporate governance activities. The banking conglomerate held the closing ceremony for graduates of its “17th Smart PR ambassador” program, who successfully carried out their missions this summer, at the company’s office in Myeong-dong, Seoul, on Thursday. Since June, 50 university students have worked as Smart PR a

Sapeon, a global AI semiconductor company that spun out from SK Telecom last year, announced Wednesday it concluded its Series A financing round, securing over 60 billion won ($45.4 million) in investments. With the latest round, the company's valuation now exceeds 500 billion won. Ascent Equity Partners led the financing as the primary investor. Other key investors included GS Group affiliates like Daebo Communication & Systems Corp., Hana Financial Group, Mirae Asset Venture Investmen

Hana Financial Group said Sunday that it has donated educational supplies for students of a female boarding school in Mexico to support their English education. Escuela Villa de las Ninas, located in the state of Chalco, was founded by the Korean Catholic congregation called the Sisters of Mary in 1991, with the aim of funding the education of female students from economically disadvantaged backgrounds. Currently, the school is housing some 3,300 students in its dormitories. The donation cerem

In a bid to bolster the competitiveness of the country's exports, which form the foundation of Korea's economy, the government has introduced an additional 23 trillion won ($17.18 billion) financial support plan, building upon a prior 16.7 trillion won initiative in funds for export enterprises. The "Comprehensive Export Finance Support Plan" comes after the fourth meeting on export strategy convened by President Yoon Suk Yeol in February. "Korea's exports have face

Lotte Group Chairman Shin Dong-bin was the highest-paid business leader in Korea for the first half of this year, regulatory filings posted Monday by major firms in Korea showed. Shin received total compensation of 11.2 billion won ($8.37 million) from the retail giant's six affiliates in the January-June period, up from 10.2 billion won tallied a year earlier. He maintained the highest-paid business leader title for a second consecutive year. The wage reflects Shin's management perf