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Korea's national pension fund adopts new porfolio system to enhance investment flexibility With 1,200 trillion won ($820 billion) in assets under management, South Korea's National Pension Service plans to intensify its focus on global and alternative investments to drive higher returns. The newly adopted "reference portfolio" system is expected to accelerate this shift by increasing flexibility in asset allocation. "The NPS is steadily increasing its allocation to global and alternative investm
South Korean internet banking company Kbank announced Tuesday that it achieved a record-high net income of 128.1 billion won ($98.54 million) in 2024, a tenfold increase from 2023 and its highest annual profit to date. The surge in earnings was driven by a sharp increase in the number of customers, with 3.21 million new users joining in 2024, bringing the total to 12.74 million. This marks the largest annual growth since the bank’s launch in 2017. Kbank’s total deposits rose 49.8 percent on-year
Hana Financial Group is poised for a potential boost in shareholder returns as its chair is on track to secure his second term this month. Glass, Lewis & Co., one of the world's two most influential proxy advisers, recommended that investors vote for the reappointment of Hana Financial Group Chairman and CEO Ham Young-joo, according to a local report on Monday. Ham is set to secure another three-year term after being recommended as the sole candidate for the top job. His new term would extend th
Fitch expects Korea’s presidential election in Q2; prolonged political uncertainty could prompt negative rating action The US Trump administration’s tariff policies could dampen the South Korean economy, but they are not expected to harm the country’s credit status in the short term, according to Fitch Ratings' sovereign analyst. “One year or a couple of years of slow growth due to tariffs won’t impact Korea’s credit profile,” Fitch Ratings Asia Pacific Sovereign Rating Director Jeremy Zook said
HanmiGlobal ranks 8th in global CM/PM sales
Hyundai Mobis wins cybersecurity certification in Europe
Hyundai Motor, EcoPro BM to develop LFP battery tech
Posco International joins global efforts for biodiversity
CJ's Miky Lee honored with Global Citizen Award
Incheon Airport tops ACI ratings for 3rd year in row
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