Hana travel agency

Earnings S.Korea’s top 4 financial holding firms cheer upbeat Q1 results

South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter...

Travel & Leisure Korean hotels bask in rising foreign visitors; travel agencies in trouble

Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...

Real estate Mirae, Koramco, Hana shortlisted for Korea Post’s core real estate fund

Mirae Asset Global Investments Co., Koramco REITs Management and Trust Co. and Hana Alternative Asset Management Co. were shortlisted for the mandat...

Banking & Finance Hana Asset Management to merge with Hana Alternative Asset

Hana Financial Group, the parent of Hana Bank and Hana Securities Co, will merge its two asset management arms to bolster its non-banking services, ...

Banking & Finance Hana Financial CEO set for reappointment with foreign investor backing

More than half of the foreign shareholders in Hana Financial Group have thrown their support behind Chief Executive Ham Young-joo for a second term,...

Regulations MBK Partners under Korean tax agency scrutiny

MBK Partners, a leading North Asia-focused private equity firm, has come under a probe by South Korea’s National Tax Service (NTS) amid the br...

Shareholder value Hana Financial to boost corporate value by raising shareholder returns

South Korea’s Hana Financial Group aims to increase corporate value by ramping up shareholder returns based on a sustainable profit structure ...

Earnings Hana Financial to buy back $280 mn shares after record 2024

Hana Financial Group will buy back 400 billion won ($280 million) worth of shares to retire, marking its largest-ever repurchase, in line with ongoi...

Banking & Finance Hana Financial, Bain Capital to expand investment in S.Korea

South Korean Hana Financial Group and the US-based global well-known private equity fund (PEF) Bain Capital plan to strengthen their strategic par...

Retail S.Korean gov't to lift two-bottle limit on duty-free alcohol

South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...

Korean stock market Korean stocks diverge: Winners, losers of Yoon’s martial law debacle

South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...

Mergers & Acquisitions MBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid

Lotte Card Co. is expected to be up for grabs in the first half of next year amid a second sale attempt by its largest shareholder MBK Partners, a N...

Aerospace & Defense STX to export $60 mn wheeled armored vehicles to Peru

STX Corp., a South Korean general trading company, said on Monday it signed a contract with  Fábrica de Armas y Municiones del Ejé...

Travel & Leisure S.Korean overseas card spending posts record $5.71 bn in Q3

With the increase in international travel during the summer, overseas card spending by South Korean residents reached a record high in the third qua...

Retail Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Bio & Pharma Volpara to supply breast cancer SW to US Defense Health Agency

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

Automobiles Hyundai, Kia gets triple A credit rating from S.Korean agencies

Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from Korea Ratings Corp., Nice In...

Pension funds NPS commits $436 mn to Koramco, Hana Alternative for real estate lending

The National Pension Service (NPS), South Korea’s largest institutional investor, has selected Koramco Asset Management Co. and Hana Alternati...

Banking & Finance Korea's Hana Bank to promote foreigners as managers in overseas units

South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...

Asset management Hana Financial’s Hana The Next: New financial services tailored for seniors

As South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, are reaching retirement age, financial institutions are reac...

North Korea North Korean Troops Train in Russia as Moscow Deepens War Coalition

North Korea has sent hundreds of special forces to eastern Russia for training in recent weeks, according to South Korea’s main intelligence a...

Banking & Finance S.Korea's Hana Card, KFCC launch first PLCC

South Korea's Hana Card said on Tuesday it launched the first private label credit card (PLCC) product, the "MG+ Credit Card Primo Hana Card" of the...

Logistics CJ Logistics, KT&G introduce hydrogen cargo trucks

South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...

Hydrogen economy Hyundai Motor sells over 1,000 Elec City FCEV

Hyundai Motor Co. said on Sunday it has sold more than 1,000 units of its hydrogen fuel cell bus Elec City Fuel Cell Electric Vehicle (FCEV) with cu...

Fintech Naver Pay partners with GLN International

South Korea's Naver Pay announced on Wednesday that it partnered with Hana Bank’s global payment network subsidiary, GLN International, to lau...

Automobiles Hyundai to develop unmanned robot for EV fire suppression

Hyundai Motor Group said on Thursday that it plans to jointly develop the unmanned firefighting robot vehicle with the South Korean National Fire Ag...

Banking & Finance Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Banking & Finance Hana Bank opens branch for foreign customers in Pyeongtaek

South Korea's Hana Bank said on Thursday that it opened a branch for foreigners in Pyeongtaek.The Pyeongtaek Foreign Customer Center, located in Pye...

Travel & Leisure Rising overseas trips to raise Korea’s travel account deficit

Demand for overseas travel among South Koreans during the upcoming holiday grew, while the number of inbound tourists from China is expected to shri...

Banking & Finance Shinhan SOL Travel Cards' cumulative issuance reaches 1.2 mn

South Korea's Shinhan Card said on Wednesday that the cumulative issuance of its travel-specialized card, the Shinhan SOL Travel Card (available in ...