Search results for trade remittances
Finance
Shinhan Investment Corp initiates Hecto Financial with buy and 53,000 won target
Shinhan Investment Corp on Wednesday initiated coverage of Hecto Financial with a buy rating and a target price of 53,000 won, citing the need to focus on advances in its settlement infrastructure and expansion of new payment rails. Analysts said the company is moving beyond a payment gateway business into a global money-flow infrastructure firm. They pointed to a shift toward fee-based revenue, cross-border settlement growth and stablecoin payment rails.
Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.
Finance
Shinhan Bank runs 100 percent exchange rate discount event for receiving trade remittances
Shinhan Bank said on Sunday it is running an event from April 20 offering a 100 percent exchange rate discount to small and medium-sized companies and sole proprietor customers when they receive trade remittances. The bank said the program is aimed at easing financial burdens and improving convenience for customers newly starting trade transactions or with no recent foreign exchange remittance history at Shinhan Bank. The event runs through Oct. 19 and applies to 23 currencies.
