Latest news with #ShinhanFinancialGroup
Reuters
2 days ago
- Business
- Reuters
Britain secures $2.7 billion investment from South Korea's Shinhan
LONDON, July 21 (Reuters) - Britain said on Monday that it had secured a 2 billion pound ($2.70 billion) investment into the country's financial services sector from the Republic of Korea's oldest banking firm, Shinhan Financial Group CO Ltd ( opens new tab. The investment - aimed at supporting energy, digital assets and infrastructure projects over the next five years - builds on a previous commitment made in 2023 under the former UK government. ($1 = 0.7412 pounds)
Mint
5 days ago
- Business
- Mint
South Korean shares fall on financials, US trade caution
KOSPI falls, foreigners net sellers Korean won strengthens against dollar South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares dropped on Friday, weighed down by dour performances among financials, as investors remained on the sidelines ahead of fresh signals on U.S. trade discussions. ** The benchmark KOSPI was down 17.96 points, or 0.56%, at 3,174.33, as of 0211 GMT. ** The KOSPI is poised to end the week largely flat, if the current momentum holds. ** "There is resistance around the 3,200 level of the previous high," Kiwoom Securities analysts said in a note. ** U.S. President Donald Trump's latest U.S. tariff threats kept investors on edge, with South Korea facing 25% duties if no deal is reached by August 1. ** Securities firms dropped 3.19% and the financials' sub-index lost 1.76%, retreating after recent gains on optimism over President Lee Jae Myung's market reform agenda. ** Earlier this week, South Korea adopted a revision to its Commercial Act and launched a task force aimed at securing developed market status from a global index provider, in a bid to tackle the undervaluation of local stocks versus global peers. ** Shares of KB Financial Group, Shinhan Financial Group and Woori Financial Group < dropped more than 1% each. ** Among other index heavyweights, chipmaker Samsung Electronics was trading flat, while peer SK Hynix edged 0.19% higher. Shares of battery maker LG Energy Solution climbed 1.26%. ** Hyundai Motor and sister automaker Kia Corp were down 0.71% and 0.3%, respectively. Steelmaker POSCO Holdings added 1.63%, while drugmaker Samsung BioLogics lost 1.68%. ** Of the total 933 traded issues, 202 shares advanced, while 689 declined. ** Foreigners were net sellers of shares worth 41.6 billion won . ** The won was quoted at 1,391.1 per dollar on the onshore settlement platform, 0.08% higher than its previous close at 1,392.2. ** In money and debt markets, September futures on three-year treasury bonds gained 0.04 point to 107.14. ** The most liquid three-year Korean treasury bond yield fell by 0.3 basis point to 2.477%, while the benchmark 10-year yield fell 2.3 basis points to 2.881%. This article was generated from an automated news agency feed without modifications to text.
Yahoo
08-07-2025
- Business
- Yahoo
3 Asian Dividend Stocks To Consider With Up To 4.5% Yield
As global markets navigate a complex landscape of trade negotiations and economic data, Asian indices are experiencing varied performance, with some regions showing resilience amid these challenges. In this environment, dividend stocks in Asia can offer investors a potential source of steady income, especially when selecting companies with strong fundamentals and attractive yields. Name Dividend Yield Dividend Rating Yamato Kogyo (TSE:5444) 4.48% ★★★★★★ Wuliangye YibinLtd (SZSE:000858) 5.29% ★★★★★★ Soliton Systems K.K (TSE:3040) 4.04% ★★★★★★ Nissan Chemical (TSE:4021) 4.13% ★★★★★★ Japan Excellent (TSE:8987) 4.25% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.40% ★★★★★★ DoshishaLtd (TSE:7483) 4.06% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.40% ★★★★★★ Daicel (TSE:4202) 4.98% ★★★★★★ CAC Holdings (TSE:4725) 5.10% ★★★★★★ Click here to see the full list of 1218 stocks from our Top Asian Dividend Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Shinhan Financial Group Co., Ltd. offers a range of financial products and services both in South Korea and internationally, with a market cap of ₩32.04 trillion. Operations: Shinhan Financial Group's revenue segments include Banking (₩9.43 trillion), Credit Card (₩1.90 trillion), and Securities (₩1.01 trillion). Dividend Yield: 3.5% Shinhan Financial Group's dividend payments have been volatile and unreliable over the past decade, despite recent increases. The company's low payout ratio of 24.8% suggests dividends are well covered by earnings, with future coverage expected to remain strong at 23.1%. Although trading below estimated fair value, its dividend yield of 3.45% is slightly lower than top-tier payers in Korea. Recent buybacks totaling KRW 500 billion may support shareholder returns alongside dividends. Click here to discover the nuances of Shinhan Financial Group with our detailed analytical dividend report. The valuation report we've compiled suggests that Shinhan Financial Group's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Wuchan Zhongda Group Co., Ltd., along with its subsidiaries, offers bulk commodity supply chain integration services both in China and internationally, with a market capitalization of CN¥29.28 billion. Operations: Wuchan Zhongda Group Co., Ltd. generates revenue through its bulk commodity supply chain integration services, operating both domestically and internationally. Dividend Yield: 3.7% Wuchan Zhongda Group's dividend yield of 3.72% ranks in the top 25% of Chinese payers, supported by a low payout ratio of 34.5% and a cash payout ratio of 15.4%, indicating solid coverage by earnings and cash flows. Despite past volatility in dividends, recent growth is evident. Trading at a significant discount to estimated fair value, the company reported Q1 net income growth to CNY 983.78 million, reflecting stable financial performance amidst modest revenue increases. Dive into the specifics of Wuchan Zhongda GroupLtd here with our thorough dividend report. Our comprehensive valuation report raises the possibility that Wuchan Zhongda GroupLtd is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★★★ Overview: Central China Land Media Co., Ltd, along with its subsidiaries, is involved in the editing, production, and marketing of publications in China and has a market cap of CN¥13.57 billion. Operations: Central China Land Media Co., Ltd's revenue is primarily derived from its activities in the editing, production, and marketing of publications within China. Dividend Yield: 4.5% Central China Land Media offers a dividend yield of 4.52%, placing it in the top quartile of Chinese payers, with dividends reliably growing over the past decade. The payout is well-supported by earnings and cash flows, evidenced by a payout ratio of 54% and a cash payout ratio of 62%. Recent shareholder approval for a CNY 6 per 10 shares dividend underscores its commitment to returning value. Trading below estimated fair value enhances its appeal as an investment option. Get an in-depth perspective on Central China Land MediaLTD's performance by reading our dividend report here. Our expertly prepared valuation report Central China Land MediaLTD implies its share price may be lower than expected. Access the full spectrum of 1218 Top Asian Dividend Stocks by clicking on this link. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A055550 SHSE:600704 and SZSE:000719. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
UPI
13-06-2025
- Automotive
- UPI
Korean financial groups offer unconventional services
Shinhan Financial Group (L) and KB Financial Group compete to devise unconventional services in South Korea. Photo courtesy of Shinhan, KB SEOUL, June 13 (UPI) -- South Korean financial groups are increasingly venturing beyond traditional banking, offering services like food delivery and used car platforms, which blur the boundary between finance and daily life. Shinhan Bank, one of the country's leading lenders, has announced that its food delivery app surpassed 5 million users, four years after its debut in 2022. Initially, the service was available in just four cities, including Seoul, which prompted critics to question whether it would be able to stay alive in competition with established players. However, Shinhan expanded the service across the country in 2023 and recorded rapid growth. Now, it runs 24/7 through both a dedicated delivery app and Shinhan's banking app. "Our delivery app is aimed at supporting small business owners. Hence, we operate on a significantly reduced commission rate of just 2%,compared to the market average of around 10%," a Shinhan spokesman told UPI. "Such an approach appears to have worked, as more than 30 regional governments have partnered with us. Going forward, we will continue to focus on helping small businesses boost their sales and profits," he said. The experiment by Shinhan Bank, a representative unit of Shinhan Financial Group, is not an isolated case. Other Korean financial firms also have begun to offer lifestyle services unrelated to conventional financial sectors. In particular, Shinhan's nemesis KB Financial Group was faster in tapping into the non-finance business. Its subsidiary, KB Capital, created an all-in-one used car platform in 2016 to introduce a one-stop service for buying, selling and financing used cars. It has grown into one of the country's top three players with more than 3 million subscribers. Unlike existing rivals, most listings of the KB platform come from actual car owners rather than dealers. The peer-to-peer model not only reduces middleman costs, but also aligns with consumer demand for transparency and price fairness, according to the company. "In 2016, the used car transactions business in Korea was widely regarded as a 'lemon market.' Consumers were concerned that they couldn't be sure of a vehicle's true condition or history. We attempted to deal with that," a KB Capital representative said. "By focusing on real-owner listings, integrating financing options,and providing vehicle warranties, we've helped reshape the used car market into one that consumers can finally trust," he said. Market observers believe that this expansion into the lifestyle realm is only beginning although there are regulatory challenges. "The financial market here is overcrowded, leading to hyper-competition. Hence, financial groups are searching for new cash cows," Seoul-based consultancy Leaders Index CEO Park Ju-gun said in a phone interview. "But legal restrictions on non-finance business remain a major hurdle. The new administration may ease such regulations, but it seems the possibility is not so high," he said. President Lee Jae-myung from the Democratic Party was elected this month to become the country's 21st state head. He has taken issue with the high profitability of financial companies, especially banks. Suh Yong-gu, an economics professor from Sookmyung Women's University in Seoul, agreed. "We are entering the 'Era of Big Blur,' where the industry boundaries collapse. Our financial outfits are desperate to grapple with the big trend," Suh said. "However, Korean financial institutions face strict legal prohibitions in advancing into non-finance sectors. There are questions about whether all the regulations are still necessary in the Era of Big Blur. Regulatory reform will ultimately determine how far they can go," he said. Professor Lee Eun-hee from Inha University stressed the need to prioritize consumers. "While certain regulations on financial institutions are essential, the government should reevaluate them when easing those rules clearly enhances consumer convenience," she said. Beyond their expansion into non-financial sectors, Shinhan and KB have also actively supported professional athletes and sports teams. KB sponsors Park In-bee, the 2016 Olympic gold medalist in golf, while Shinhan signed a sponsorship deal with Lim Jin-hee, who placed second in the LPGA Rookie of the Year standings in 2024. Both financial groups also operate teams in the Women's Korean Basketball League, a six-team league they helped establish as founding members in 1998.
Korea Herald
01-06-2025
- Business
- Korea Herald
Shinhan board chair leads overseas investor meetings in Asia
Shinhan Financial Group is stepping up efforts to strengthen ties with global investors, dispatching its board chair to lead overseas investor relations meetings across Asia. The South Korean banking group said Sunday that board chair and independent director Yoon Jae-won led a three-day investor relations roadshow in Hong Kong and Singapore last week, from Tuesday to Thursday. It marked the first time a board chair from a listed Korean company independently led such an overseas event. During the sessions, Yoon outlined Shinhan's strategies to enhance corporate value and addressed key risks facing both the group and the broader Korean financial market. She also detailed the board's initiatives to improve governance and foster diversity. Shinhan's top brass have been ramping up efforts to engage foreign investors as the group seeks to attract more overseas capital. In May, CEO and Chairman Jin Ok-dong led a weeklong European roadshow with stops in London, Frankfurt and Warsaw. As of Friday, foreign ownership in Shinhan stood at 58.5 percent, trailing behind local rivals KB Financial Group at 75.4 percent and Hana Financial Group at 66.6 percent. In Hong Kong, Yoon also met with members of the Asian Corporate Governance Association, sharing best practices in governance reform from various countries and discussing the board's role in enhancing corporate trust and advancing sustainable management. 'We believe the board's efforts to enhance governance will serve as the foundation for improving Shinhan's transparency and efficiency, ultimately raising corporate value,' Yoon said. 'I will work to ensure our board meets global standards and earns market confidence.'
