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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....
The average loan-deposit spread of Korean banks rose to a five-year high in 2018, which is forecast to lead to record-high interest earnings, data showed on Feb. 11. According to the data from th...
The government is seeking to raise individuals’ investment ceiling for peer-to-peer lending, while bolstering regulations to protect investors, officials said on Feb. 11. P2P lending is largely u...
Amid slowing momentum in the banking industry and rising competition from fintech players, major financial groups are looking to break away from the status quo and design a new business paradigm. I...
Major brokerage firms reported worse-than-expected earnings in the fourth quarter of last year, with analysts citing increased market volatility coupled with a slump in the nation’s equity-linked sec...
Accommodative monetary policy increases commercial banks’ appetite for risky assets as they try to seek higher profits amid a low interest rate trend, a report said on Feb. 10. “When market interest...
Samsung to ramp up Galaxy Fold production
Woongjin defers final bid for Coway to Oct.
Sae-A to acquire fiberboard maker Tailim Packaging
Video-streaming war heats up in S. Korea
YG faces W6b tax penalty as Burning Sun scandal unfolds
Aveva to upgrade integrated industrial software in digital push
Ghost Kitchen secures additional W9.2b
Medytox invests in US startup LifeSprout
September 19, 2019
