Shinhan Financial Group plans to solidify its standing as the top foreign financial entity in Vietnam, as illustrated by the relocation of over 1,200 employees of five group subsidiaries to the economic hub of Ho Chi Minh City. The five oversee the group’s banking, cards, brokerage, life insurance and digital solutions. The group will fortify […]

The main opposition Democratic Party of Korea (DPK) was set to hold a national convention to elect its new chief Sunday, with former Chairman Lee Jae-myung widely expected to win the race for a second term. Lee, a former DPK leader, has stayed overwhelmingly ahead of other candidates — former Interior Minister Kim Doo-gwan and […]

GS E&C is considering unloading control of some of its subsidiaries. This follows its 388 billion won ($287 million) operating loss in 2023 — its first annual operating loss in 10 years – due to the 552.4 billion won cost to rebuild an apartment complex in Incheon, where an underground parking garage collapsed after the company’s […]

Seoul, Busan and many other parts of the country have been breaking records for the longest streak of consecutive tropical nights, with Seoul having 28 such nights as of Sunday, according to the Korea Meteorological Administration (KMA). As the intense heat is forecast to persist for the time being despite forecasts of heavy rain across […]