South Korean stocks ended slightly higher Monday on the back of autos and batteries following stronger-than-expected US jobs data. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.44 points, or 0.13 percent, to 2,717.65. Trade volume was moderate at 611.2 million shares worth 10.36 trillion won ($7.6 billion), with decliners outpacing gainers 590 to 277. Foreigners bought 207.6 billion won worth of local shares, while retail investors and instit

Several candidates running for the April 10 general election have rolled out pledges to attract votes from pet owners in recent weeks, including tax benefits and setting up pet-friendly systems and facilities. Main opposition Democratic Party of Korea Rep. Kim Byung-wook, who is running for the Bundang-B constituency -- one of the two constituencies in the Bundang district located in Seoul's satellite city of Seongnam -- sees pet owners as key voters. Kim pledged to build a budget pet hotel

South Korean financial groups have undergone a transition in their board composition, indicating governance changes centering on gender diversity and internal control. Given that a financial holding company’s board is the ultimate decision-making body engaging in establishing management strategies and budget planning for itself and its affiliated banking and securities units, the changes give a glimpse of the future direction that the groups are pursuing. Here are the key takeaways from

- GLN has expanded its QR payment network to the Philippines through a strategic partnership with Asia United Bank (AUB). - Under the agreement, tourists to the Philippines will be able to pay seamlessly at QRPh merchants, a national QR payment network operated in the country, using the digital wallets in GLN's network. - GLN's payment network now includes seven countries and regions in Southeast Asia: Thailand, Taiwan, Singapore, Vietnam, Laos, and Cambodia, and the Philippines. SEOUL, So

South Korean stocks declined for the second straight session Monday as investors sought to cash in recent gains. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 10.99 points, or 0.4 percent, to close at 2,737.57. Trade volume was moderate at 479.9 million shares worth 9.78 trillion won ($7.23 billion), with losers outnumbering winners 527 to 336. Foreigners and institutions led the drop, dumping a combined 331.6 billion won worth of local share

KB Financial Group picked banking expert Kwon Seon-joo as its board chair, making her the first woman to serve in the role. The decision was approved at a board meeting on Friday. With over 30 years of experience in the financial industry, Kwon served as the CEO of the Industrial Bank of Korea from 2013 to 2016. She was the first woman to take the top position at a local bank. She joined KB Financial Group's board as an outside director in 2020. Kwon currently serves as the head of Women Co

The Korean stock market rallied early Wednesday, with the benchmark Kospi breaking above 2,700 points during trading hours for the first time in nearly two years as the market tracked overnight Wall Street gains. The local benchmark Kospi touched 2,701.45 points during intraday trading. The peak came shortly after it opened at 2,694.71, marking a 12.9 points rise from the previous close at 2,681.81. After hitting a record high not seen since May 2022, the main index wiped out the gains as invest

South Korean stocks ended lower Monday to snap their two-day winning streak as investors locked in part of gains after a recent rally. The local currency rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.51 points, or 0.77 percent, to 2,659.84. Trade volume was moderate at 383 million shares worth 8.69 trillion won ($6.63 billion), with losers beating winners 517 to 353. Foreigners and institutions led the decline, dumping a net 107 billion won and 112.3

Major Korean financial groups are intensifying efforts to broaden and diversify their boards in response to a governmental drive for inclusivity within the sector. Woori Financial Group is appointing two new female members to its outside board of directors for the first time in its history. Lee Eun-ju, a media expert from Seoul National University, and Park Sun-young, an economics professor from Dongguk University, will replace the company's first and only female outside director, Song Soo-

The Stevie® Awards, organizer of the world's premier business awards programs, announced that they have revised the schedule for the 2024 (11th annual) Asia-Pacific Stevie Awards. FAIRFAX, Va., Feb. 28, 2024 /PRNewswire/ -- Entrants now have until March 22 to submit nominations in the 2024 Asia-Pacific Stevie Awards. The original final entry deadline was February 28. The judging process will extend through March 28. The Gold, Silver, and Bronze Stevie Award winners will be announced o

The agenda for appointing President tabled for the meeting, which will be held on March 28, at the KT&G Human Resources Development Center in Daejeon, South Korea  SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ -- KT&G Corporation ("KT&G" or the "Company") (KRX:033780) held a board meeting today to resolve the convening of the Annual General Meeting of Shareholders ("AGM") and announced that the meeting is scheduled for March 28, 2024 a

South Korean stocks closed lower Monday as investors dumped local shares on the government's weaker-than-expected plans to boost corporate value. The Korean won edged down against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.62 points, or 0.77 percent, to close at 2,647.08, ending a two-day winning streak. Trade volume was heavy at 519.6 million shares worth 10.8 trillion won ($8.1 billion), with decliners sharply beating gainers 657 to 231. Institutions and individuals

KB Kookmin Bank, one of Korea’s top five commercial lenders here, launched its new Cambodian unit, KB Prasac Bank, to tap deeper into the market by offering loan programs for small merchants and digital banking services. KB Prasac Bank, Cambodia's fourth-largest commercial lender in terms of assets, held an opening ceremony in Phnom Penh on Friday (local time), according to the Korean firm. More than 700 individuals attended the event, including KB Financial Group Chairman Yang Jong-h

South Korean stocks finished lower Wednesday with investors waiting for the release of the minutes of the US Federal Open Market Committee's January meeting. The local currency rose against the US dollar. After starting marginally higher, the benchmark Korea Composite Stock Price Index lost 4.48 points, or 0.17 percent, to close at 2,653.31. Trade volume was moderate at 551.7 million shares worth 8.9 trillion won ($6.7 billion), with losers outnumbering winners 553 to 313. Foreigners and re

The financial risks prompted by the slowdown of the commercial real estate market in the US and elsewhere are now spilling over to South Korean banks at a worrying pace, suggesting that they are likely to incur great losses, partly due to their poor investment decisions. According to data from the office of Rep. Yang Kyung-sook of the main opposition Democratic, the country’s top five financial groups -- KB Kookmin, Shinhan, Hana, Woori, NH NongHyup -- invested a total of 20.38 trillion wo