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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Hana supports football for disabled people

Hana Financial Group Chairman Ham Young-joo, fifth from left in the front row, poses with officials from the nation's football association and participants to its social program for the disabled here, in Seoul, Tuesday. Courtesy of Hana Financial GroupBy Lee Min-hyungHana Financial Group has launched a social program for disabled people to enjoy football, enabling them to receive training and play matches under partnerships with professional sports teams.The program, titled Football Field for All, K-League for All, began its third season this year, with a view to promoting the human rights of disabled people and helping support their sporting activities. Hana and the Korea Professional Football League have joined hands to hold the environmental, social and corporate governance (ESG) event annually since 2020.The event for this year was organized under the concept of “Barrier-free Sports” through which they can watch professional football matches and take part in the games as a team, according to Hana.A group of 11 professional football teams ― including Hana Daejeon Citiz

May 2, 2023By Lee Min-hyung
Hana supports football for disabled people

Legal tussle escalates over suspicious stock selling scandal

From left are Daou Kiwoom Group Chairman Kim Ik-rae and Ra Deok-yeon, head of an investment advisory firm. YonhapBy Lee Min-hyungTwo figures involved in the latest stock manipulation scandal are escalating ensuing legal battles and claiming innocence regarding the abrupt collapse of eight listed shares here.Ra Deok-yeon, head of a Seoul-based investment advisory firm, insisted Daou Kiwoom Group Chairman Kim Ik-rae is the key man behind the latest stock scandal, as he went on a selling spree of Daou Data shares worth tens of billions of won shortly before their value plummeted last month. Daou Data is among the eight firms whose stock value recently plunged without any clear reason.The prosecution is intensifying investigations into major suspects of the incident. Ra is suspected of driving the stock manipulation. But he denies the allegations and has expressed his intention of suing Kim for damages, citing his suspiciously-timed stock sales.Kiwoom Securities also shared its plan to file a suit against Ra for spreading false information.It remains to be seen which side is making false

May 2, 2023By Lee Min-hyung
Legal tussle escalates over suspicious stock selling scandal

Hana Financial Group's ESG management gains traction to spur sustainable growth

Employees from Hana Financial Group's overseas operations attend a session on environmental, social and corporate governance (ESG) management at “2023 Hana Culture Global Workshop” held at Hana Global Campus in Cheongna, Incheon, Jan. 30. Courtesy of Hana Financial GroupBy Sah Dong-seokHana Financial Group is gearing up to emerge as a leader in environmental, social and corporate governance (ESG) management, as demand grows for companies to act on their responsibility to give back to society.More specifically, the group is seeking to establish a foundation for ESG finance while trying to expand investment for low-carbon and eco-friendly industries. At the same time, Hana Financial is continuing its efforts to support both multicultural families in need of assistance and the creation of child care centers. All these activities are related to its medium- to long-term strategy to speed up its ESG management activities. As part of such efforts, Hana Financial created the Sustainability Management Committee within its board of directors in March 2021 to develop and implement p

May 2, 2023
Hana Financial Group's ESG management gains traction to spur sustainable growth
  • Hana aims to become Asia's top financial group

Hana aims to become Asia's top financial group

Hana Financial Group Chairman Ham Young-joo / Courtesy of Hana Financial GroupChairman presents 3 strategies for sustainable growth By Sah Dong-seokHana Financial Group is stepping up efforts to emerge as the top financial group in Asia under Ham Young-joo, who was appointed as the group's chairman during a shareholders' meeting in March 2022. Ham says he will devote himself to enhancing the group's shareholder and corporate value and building a transparent, fair and stable governance structure despite a heap of adversities such as the prolonged low economic growth and accelerated aging of the population. The headquarters of Hana Financial Group in central Seoul / Courtesy of Hana Financial GroupHam, who is known to be well-versed in the financial group and its 15 affiliates, boosted the synergy created by the integration of Hana Bank and Korea Exchange Bank through his sales expertise and “leadership of service and consideration.” In September 2015 when the banks were merged, he was its first leader, staying in the position for 43 months. In fact, he spearheaded their ph

May 2, 2023
Hana aims to become Asia's top financial group
  • Hana Financial Group's ESG management gains traction to spur sustainable growth
  • Hana Financial going global to leap forward

Hana Financial going global to leap forward

Employees from Hana Financial Group's overseas operations pose while attending “2023 Hana Culture Global Workshop” held at Hana Global Campus in Cheongna, Incheon, Jan. 30. Courtesy of Hana Financial GroupBy Sah Dong-seokAs part of its efforts to take a leap forward beyond the boundaries of finance, Hana Financial Group is striving to go global. It has a dual global strategy by region to maintain its outstanding global business performances and solidify its presence as a leading global financial group. On the one hand, the group is entering high-growth markets, such as Southeast Asia, through mergers and acquisitions and equity investment, focusing on the non-banking sector. In advanced markets such as the United States and Europe, Hana Financial is setting its sights on boosting sales by strengthening investment banking (IB) and corporate finance and forging strategic partnerships. Specifically, the group set up Hana Asset Management Asia (HAMA) in Singapore last year. HAMA is expected to be nurtured as its asset management hub in Southeast Asia under a plan to invest in

May 2, 2023
Hana Financial going global to leap forward
  • Hana aims to become Asia's top financial group

Hana's football club goes carbon-neutral

Hana Financial Group Vice Chairman Lee Eun-hyung, left, poses with Daejeon Hana Citizen President Huh Jung-moo at Daejeon World Cub Stadium, April 30. Courtesy of Hana Financial GroupBy Lee Min-hyungHana Financial Group's football club ― Daejeon Hana Citizen ― has pledged to achieve carbon neutrality during its upcoming home matches and make public its efforts to go net-zero at the end of the season.The move is seen as part of Hana's efforts to fulfill its environmental, social and corporate governance (ESG) obligation for the sports sector.Toward that end, Hana's professional football club said it would also join the group-wide ESG drive by making all its home matches to be carbon-neutral. The club will measure all carbon emissions and hold a series of eco-friendly campaigns with fans.The decision was made amid growing concerns over climate change triggered by greenhouse gas emissions.The club will also sign a partnership with a third-party organization to demonstrate and measure its carbon emissions and develop a strategy to cut them gradually.Daejeon Hana Citizen plans to hold var

May 1, 2023By Lee Min-hyung
Hana's football club goes carbon-neutral

Kiwoom chief comes under fire for suspicious stock sales

Kiwoom Securities President Hwang Hyun-soon answers questions from reporters at the Korea Financial Investment Association headquarters in Seoul, April 28. YonhapBy Lee Min-hyungDaou Kiwoom Group Chairman Kim Ik-raeDaou Kiwoom Group Chairman Kim Ik-rae has angered investors with his suspicious sales of Daou Data shares, shortly before the stock's abrupt decline. It remains unclear whether Kim is involved in the escalating stock scandal surrounding eight companies that experienced plummeting stock prices for no apparent reason. Daou Data is one of the firms hit hard by investors' unexpected selling spree last week. The company is also a subsidiary of Daou Kiwoom Group.Kim sold 1.4 million Daou Data shares at 43,245 won ($32) per share on April 20 and secured 60.5 billion won. This was only two trading days before some investors engaged in the suspicious mass selling spree of the stock via the France-based Societe Generale. The stock price of Daou Data fell to around 17,000 won as of Monday, a drop of more than 60 percent before the incident erupted.Kiwoom flatly denied the escalating

May 1, 2023By Lee Min-hyung
Kiwoom chief comes under fire for suspicious stock sales

Shinhan Bank to participate in ADB's annual meeting

Shinhan Bank headquarters in Seoul / Courtesy of Shinhan BankBy Lee Yeon-wooShinhan Bank announced on Monday that it will participate in the 56th annual meeting of the Asian Development Bank (ADB), which will take place from May 2 to 5 in Incheon Metropolitan City. The bank will serve as a sponsor and play various roles throughout the meeting.ADB is an international organization founded in 1966 to promote economic growth and cooperation in Asia, which was one of the poorest regions in the world at that time. ADB's annual meeting is the organization's biggest event, where decisions on its administration, finance and operating direction are made.According to its agreement with the finance ministry in April, the bank is sponsoring the event in several ways, such as creating common areas for networking and providing lunch for participants. It will also run an exhibition hall that focuses on digital transformation alongside other affiliates from Shinhan Financial Group, and display a range of the group's digital services, including its metaverse platform Shinamon.To showcase Korea's high-

May 1, 2023By Lee Yeon-woo
Shinhan Bank to participate in ADB's annual meeting

Hana Financial Group opens its 64th daycare center in Chilgok

Hana Financial Group Chairman Ham Young-joo waters flowers with a child during the opening ceremony held at a daycare center the group established in Chilgok, North Gyeongsang Province, Friday. Courtesy of Hana Financial GroupBy Lee Yeon-wooHana Financial Group has opened a daycare center in Chilgok, North Gyeongsang Province, in an effort to fulfill its corporate social responsibility, according to the group on Sunday.An opening ceremony was held at the center last Friday with Hana Financial Group Chairman Ham Young-joo and Chilgok County Governor Kim Jae-uk in attendance.In 2018, the group set the goal of establishing 100 daycare centers to provide quality nurturing environments in local communities. To achieve this goal, the group has allocated 150 billion won ($111 million) for the project, in line with its environmental, social and corporate governance (ESG) principles.The daycare center, named Chilgok Waegwan Hana Daycare Center, marks the 64th establishment of its kind in a rural region by the group. This time, the center was established through a private-public partnership wi

Apr 30, 2023By Lee Yeon-woo
Hana Financial Group opens its 64th daycare center in Chilgok

Prosecution, financial regulators to jointly probe alleged massive stock manipulation

The Seoul Southern District Prosecutors Office building / YonhapThe prosecution and financial regulators will jointly investigate a suspected case of large-scale stock manipulation following the recent collapse of stock prices of eight companies, officials said Friday. The Seoul Southern District Prosecutors Office said it will form a joint inquiry team with the Financial Services Commission (FSC) and the Financial Supervisory Service to investigate the suspicious trading allegedly led by an investment consulting firm. The stocks of the eight domestic companies had been steadily rising since April of last year but began to plummet Monday following mass sell-offs through SG Securities Korea Co., the local branch of Societe Generale Group of France.The authorities suspect the consulting firm inflated trading volumes and prices through matched orders, then dumped the stocks when regulators began to investigate.As of Wednesday, the combined market cap of the eight companies, including Daesung Holdings Co., Samchully Co. and Sun Kwang Co., had plunged more than 7 trillion won (US$5.23 bil

Apr 28, 2023
Prosecution, financial regulators to jointly probe alleged massive stock manipulation
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