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Overseas investments made by Korean institutional investors grew at the slowest pace in five years last year due mainly to sluggish global stock markets, the central bank said on Feb. 27. The value ...
The financial regulator has voiced worries about a bid by the chief executive of KEB Hana Bank for a second term, citing his indictment over hiring irregularities, an industry source said on Feb. 27....
The head of the financial regulator on Feb. 26 urged insurance firms to make their policies easier to understand and explain plans in simpler terms. Choi Jong-ku, chairman of the Financial Services ...
Banks have agreed to fully open their payment systems to financial technology firms, the head of the financial regulator said on Feb. 25, in a move that will provide a level playing field for new pla...
Hana Financial Group announced on Feb. 19 that it will partner with Kiwoom Securities and SK Telecom to form a consortium to establish an internet-only bank. The three firms are seeking to win state...
Korean commercial banks reported solid growth in their net profits last year on the back of a surge in interest income, data showed on Feb. 19. The combined net earnings of the country’s five major ...
A cut in credit card processing fees is expected to help shopkeepers save about 800 billion won (US$709 million), officials said on Feb. 19, as the government seeks to ease burdens on small merchants...
The net assets of Korea’s investment funds increased last month on the back of strong stock market performance, data showed on Feb. 18. The net assets of local investment funds came to 573.9 trillio...
Franklin Templeton Investment Trust Management is facing penalties that may include business suspension after it incurred losses for investors by failing to disclose in a timely fashion that some of ...
NongHyup Financial Group said on Feb. 14 its net profit reached an all-time high last year, surpassing the 1 trillion won (US$888.90 million) mark for the first time. Net profit of the financial gro...
Korea’s non-banking industry is cited as one of the few sectors that may weather current unfavorable financial business circumstances such as slowing asset growth and rate hikes. More specifically, ...
The number of initial public offerings on the Korean stock market rose, but their value declined more than 66 percent last year, according to data from the country’s financial watchdog on Feb. 13. A...
The financial regulator said on Feb. 12 it will limit the penalty interest rate as it seeks to alleviate the financial burden of desperate borrowers. Starting June 25, the penalty interest rate w...
Shares of Woori Financial Group will start being traded on the country’s main stock exchange this week, Korea’s bourse operator said on Feb. 12. The initial public offering slated for Feb. 13 cam...
Funds invested in Korean stocks dropped sharply last month as investors moved to lock in profits from the market’s bull run, data showed on Feb. 11. The net capital outflow reached a massive 630....
Netmarble stock price jumps as BTS hits another Billboard No. 1
MitoImmune Therapeutics secures funds worth W12b
AI startup 42Maru showcases solutions at AWS Summit Seoul 2019
Global tech firms face-off over foldable mobile displays
Greenpeace calls on Hyundai to hasten shift to carbon-neutrality
JYP chief becomes top stock-rich K-pop agency owner
S. Korea mobile carriers admit shaky 5G network in early stage
Nexon to host big gaming convention NDC 2019
April 23, 2019
