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The total cash dividends of South Korea’s four major financial groups topped 2.5 trillion won ($2.23 billion) in 2018, according to reports on March 10. KB Financial, Shinhan Financial, Woori Financ...
The financial regulator said on March 5 it will beef up its monitoring of wrongdoing and illegal practices by unregistered investment advisory firms to better protect retail investors. The Financ...
Korean securities firms saw their combined net profit rise last year, fueled by higher fees from brokerage commission and investment banking services, data showed on March 5. The combined net pro...
The following is the full text of the Bank of Korea’s statement on its monetary policy decision for February. The central bank’s monetary policy board decided on Feb. 28 to freeze the benchmark rate ...
The financial regulator said on Feb. 28 it will ban banks from having exposures surpassing 25 percent of core capital, in line with stricter global banking regulations. Global financial regulators a...
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...
S. Korean startups use M&As to improve apps, services
Samsung sees market share improve in Japan in Q3
Celltrion Pharm posts W47.43 b sales in Q3
CJ denies rumors it plans to sell Olive Young for W500b
Naver shares soar on Line-Yahoo Japan merger talks
Iljin Materials receives W600b from STIC Investment
Samsung Biologics receives ISO certification
Samsung SDS holds developer conference in Seoul
November 17, 2019
