The Hana Financial Group is determined to strengthen its global business capacity as a key growth driver for the future.The group is aiming to build a stable business portfolio through growth in the global business sector. It is moving forward with a strategy to raise the share of the global divisio
NH Nonghyup Bank is making a foray into overseas markets by combining commercial finance and agricultural finance based on its expertise in agricultural finance.NH Nonghyup Bank is currently operating two branches, two offices and one corporation in five overseas countries and has resident officers
South Korean financial companies are expanding their business abroad, especially in Southeast Asian countries in line with the South Korean government’s New Southern Policy. The four largest South Korean financial groups, that is, Shinhan, Hana, KB Kookmin and NH are entering the local financial inv
Shinhan Bank has been making continuous investments in its global operations after selecting the global business as one of its core business areas for future growth. Currently, Shinhan Bank overseas network consists of a total of 162 subsidiaries, branches and sales offices in 20 countries. Since 20
KB Kookmin Bank is expanding global projects based on its sharpened competitiveness in strategic business areas such as corporate and investment banking (CIB), consumer finance and digital banking.The bank has nurtured talent in these areas to stay on top of the new trends in the financial industry,
Incheon International Airport Corporation (IIAC) is accelerating its entry into emerging markets in Eastern Europe, including Poland and the Czech Republic, based on the contract to operate Kuwait Airport signed on May 8.Incheon International Airport Corporation announced on May 24 that it held a me
JW Holdings is accelerating advance into "pharmerizing" markets. “Pharmerging” is a new term which combines “pharmacy” and “emerging” and a pharmerging market means an emerging pharmaceutical market, such as Brazil and India.JW Holdings announced on May 23 that the company signed export agreements w
India holds promise for Korean solar power companies as the Southeast Asian country is seeking to cooperate with foreign companies, excluding those from China, in promoting the photovoltaic power generation industry.According to the Korea Trade-Investment Promotion Agency (KOTRA) and industry source
South Korea is likely to take the biggest hit from interest rate hikes by the Fed among a group of emerging countries, Goldman Sachs said in a recent report.The report analyzes the impact of US interest rate hikes on 16 emerging countries, including South Korea, Brazil, Chile, China, the Czech Repub
LS Cable and System announced on May 15 that the company completed the world’s first certification of a high voltage direct current (HVDC) cable. HVDC cable technology is owned by only five companies in the world -- LS Cable and System and four European and Japanese companies. But LS Cable and Syste
Hanwha Total Petrochemical has further increased its competitiveness by entering commercial production of high purity normal heptane, a high-value-added petrochemical product. The commercial production of the product is expected to boost the company's annual sales by more than 20 billion won.Han
Hyundai Motor and its affiliate Kia Motors are recording a sharp increase in sales in emerging markets.As they are struggling in Big 2 (China and the US), the rising sales in new markets is encouraging news to the two companies.According to industry sources on May 14, Hyundai and Kia sold 427,408 ve
An all-out war is being waged between Korean and Japanese electric appliance makers over the rapidly growing Indian air conditioner market. As Japan’s Daikin, the world's No. 1 air conditioner manufacturer, announced that it would scale up production by one million units a year by building a new
Samsung Electronics, which is struggling in the smartphone market in China and India, is aiming to recover its market shares by strengthening its low- to mid-priced line-up. However, the company is at great pains to catch two rabbits at the same time –- promoting its budget phone line-up and maintai
A growing sense of crisis is prevalent in the Korean smartphone industry. Although Samsung Electronics and LG Electronics posted improved earnings in the first quarter, it is not clear whether they will record desired 2Q earnings due to a downturn in the global smartphone market.On April 26, Samsung
The European Union is resorting to trade protectionism to protect European steelmakers, which are going through a hard time due to protectionist trade policy of the United States.The EU recently decided to extend its 60.5% anti-dumping tariff on South Korean steel ropes and cables for five years. Th
Overseas branches of South Korean securities firms returned to profit in just one year.According to the data released by the Financial Supervisory Service (FSS) on April 19, the branches set up by domestic securities companies in foreign countries made US$48 million won (50.98 billion won) of aggreg
Samsung Electronics has been chosen as the most trusted brand in India, a mega market of 1.2 billion people, for the second consecutive year. LG also ranked third fro two years in a row, enhancing its brand value.On April 18, the Economic Times, a major economic daily in India, reported that Samsung
It has been found that South Korea is the country that used Internet and mobile banking services most among Asian countries.According to a report titled "Asia Banking in the Digital Consumer Era" released by McKinsey, a global consulting firm, on April 17, Korea's digital banking penetration rat
South Korean auto parts suppliers are staggering due to lower sales in China, one of the biggest markets in the world, and the GM Korea issue.Parts makers' woes have sparked concerns that the domestic auto component supply ecosystem could break down, hurting the competitiveness of Korean automak