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Mon, September 25, 2023 | 03:01

Samsung Electronics stock price soars on foldable phones, AI chips

Samsung Electronics stock price soars on foldable phones, AI chips

The stock price of Samsung Electronics has been on the rise for two consecutive trading sessions, following news of its supply of high-bandwidth memory product HBM3 to Nvidia. The stock price of the Korean tech giant ended at 71,200 won ($53.96) on Monday's closing, a 0.28 percent increase from Friday's session, continuing its upward trend since Friday.

Anna J. Park | 2023-09-01 16:49

BNP Paribas continues to back women in Korean film industry

BNP Paribas continues to back women in Korean film industry

BNP Paribas Korea's Territory Head Aymar De Liedekerke Beaufort, right, presents the “BNP Paribas Asian Shorts Award” to winners during the closing ceremony of the Seoul International Women's Film Festival (SIWFF) at Sangnam Megabox in Seoul, Wednesday. BNP Paribas has been an official sponsor of the SIWFF since 2019. Courtesy of BNP Paribas Korea

Anna J. Park | 2023-09-01 15:23

Savings banks suffer earnings declines in Q2 due to higher costs

Savings banks suffer earnings declines in Q2 due to higher costs

Major savings banks saw earnings nosedive in the second quarter of this year compared to the same period of 2022 due to soaring costs stemming from rising interest rates.

Anna J. Park | 2023-09-01 15:23

Woori Financial Group on track for carbon neutrality by 2050

Woori Financial Group on track for carbon neutrality by 2050

Woori Financial Group announced, Thursday, that it obtained approval from the Science Based Targets initiative (SBTi) for the group's mid- and long-term carbon reduction targets. SBTi is a global body that partners with various international organizations, including the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF) and the Uni...

Anna J. Park | 2023-08-31 16:54

Korea Fintech Week 2023 brings financial giants and startups together

Korea Fintech Week 2023 brings financial giants and startups together

Korea's fintech sector will be strengthening partnerships with major financial groups, seeking win-win strategies in an accelerated digital transformation era. While fintech enterprises can spur the development of traditional financial giants by providing innovative business-to-business (B2B) models, fintech venture firms' ingenious services will also reach a wider number of ...

Anna J. Park | 2023-08-30 16:04

EcoPro Materials IPO remains unclear amid lingering owner risk

EcoPro Materials IPO remains unclear amid lingering owner risk

A timely listing of EcoPro Materials, a cathode material precursors producer, appears unlikely, as authorities have yet to grant approval for the firm's bid to go public amid lingering owner risks after its group chief was recently convicted of insider trading.

Lee Min-hyung | 2023-08-30 15:57

2 vice chairmen, Vietnamese bank chief to vie for KB Financial Group leader post

2 vice chairmen, Vietnamese bank chief to vie for KB Financial Group leader post

KB Financial Group announced Tuesday that two of its vice chairmen _ Hur Yin and Yang Jong-hee _ and Chairman Kim Byoung-ho of Vietnam's HD Bank were shortlisted as candidates to become the group's next chairman in the second of three stages to pick the successful nominee. Hur is in charge of the group's global business and insurance business unit, while Yang is responsible f...

Yi Whan-woo | 2023-08-29 20:48

KDIC resumes M&A process of MG Non-Life Insurance

KDIC resumes M&A process of MG Non-Life Insurance

The Korea Deposit Insurance Corporation (KDIC) has officially kicked off the M&A bidding process for MG Non-Life Insurance this week. Samjeong KPMG, the lead sale manager of the deal, plans to receive Letter of Intent (LOI) submissions by potential buyers by Oct. 5 in order to select preliminary bidders.

Anna J. Park | 2023-08-29 16:01

Internet-only banks face dilemma in expanding loans to low-credit customers

Internet-only banks face dilemma in expanding loans to low-credit customers

In the second quarter of this year, internet-only banks did not meet their objective regarding loan ratios for individuals with medium to low credit scores. Although expanding loans to this demographic was originally a primary focus for these banks, they now face a dilemma as widening the loan base could compromise their financial stability.

Lee Yeon-woo | 2023-08-29 15:24

Korean banks' Q2 net profit unchanged from 3 months earlier

Korean banks' Q2 net profit unchanged from 3 months earlier

Korean banks' second-quarter net profit was flat from the previous quarter as an increase in the Korea Development Bank's (KDB) net profit offset a decline in ordinary banks' net profit, preliminary data showed Tuesday.

2023-08-29 14:35

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