At the present stage, the direct and indirect effects of the expanding conflict in the Middle East on international banks and asset managers are considered manageable, according to a report by Morningstar DBRS. The rating agency stated that international banking groups do not have material direct exposures in the Middle East, thereby limiting immediate credit […]

Mirae Asset Securities has surpassed major banking groups by achieving a market capitalization of 40.2 trillion won ($27.8 billion), a milestone attributed to surging earnings and a strong equity market.

Banking groups have voiced strong opposition to the Federal Reserve's approval of crypto bank Kraken, labeling the decision as improper and dangerous.

Samsung Group's financial subsidiaries are on track to achieve nearly 6 trillion won in earnings, surpassing the performance of traditional banking groups.

South Korea’s financial sector is preparing for potential fallout from escalating conflict in the Middle East, with major banking groups rolling out emergency support programs for companies exposed to rising geopolitical risks while authorities step up monitoring of financial markets. Hana Financial Group said Monday it will provide a 12 trillion won ($8.2 billion) financial support package through Hana Bank for companies vulnerable to disruptions linked to the conflict, including emergency liqu