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Finance Minister Choi Sang-mok pledged Thursday to control rising household debt and thoroughly take care of the payment crisis involving e-commerce platforms Tmon and WeMakePrice. "The increase in mortgage loans, led by growing housing transactions since around June, has sparked the rise in house...
Posco Future M said Thursday it has signed a 1.8 trillion won ($1.4 billion) deal to supply high-nickel cathode materials for electric vehicle batteries with a battery maker. The details of the agreement including the other signing party will not be disclosed until Dec. 31, when the two companies ...
Foreign investors are on a massive selling spree of South Korean stocks, dumping shares worth over 3 trillion won ($2.25 billion) on the benchmark Kospi this month, fueled by concerns that the US could be heading toward a recession. Overseas investors sold off shares worth 3.11 trillion won on the...
KB Financial Group Chairman Yang Jong-hee met with Hun Sen, president of the Cambodian Senate, on Wednesday to discuss potential collaborations aimed at advancing financial development in Southeast Asia and enhancing KB’s presence in the region. The meeting was held at the Inspire Entertainment R...
The Bank for International Settlements has cautioned that South Korea’s expanding private sector credit is beginning to weigh on economic growth, with further increases posing additional risks. The Switzerland-based consortium of central banks recently published a report indicating that while ris...
South Korean asset managers are eagerly introducing diverse fund products tracking the Indian stock market, seeking lucrative opportunities in its strong growth. Korea Investment Management, a big-name asset manager here, listed two active funds tracking India-domiciled companies Tuesday, the ACE ...
South Korea is set to overhaul its inheritance tax system next year, with the Finance Ministry preparing a bill to tax the inheritors instead of the estate that is being inherited. To enhance fairness and ensure consistency in taxation, as well as align with global trends, the government plans to ...
The number of young South Koreans with delinquent loans has rapidly increased in the past three years, data by the state-run financial watchdog showed Monday. As of July, 65,887 people in their 20s have been registered at the Korea Credit Information Services as "delinquent borrowers," referring t...
While South Korean regulators maintain a wary eye against short selling, the prolonged ban and imposing stricter guidelines on the practice could drive foreign investors away from the local equity market, experts said. Following heavy market fluctuations, local regulators enforced a complete ban o...
The Financial Supervisory Service and the Embassy of India in Korea, in collaboration with local financial associations, held a joint seminar Friday to promote investment in India. The event featured key officials from Indian financial regulatory bodies and drew around 140 executives from Korean f...
To safeguard their interest and tackle the threat of geopolitical risk to their operations in foreign markets, Korean firms are asked to develop the skills and mindset of the diplomat, and their first job is understanding the fast-changing regulatory environment with a long-term commitment, experts...
With South Korea's sole bourse operator set to introduce this month a stock index comprised of Korean companies well complying with the government-led corporate value-up program, the market expects bank shares and large-cap stocks to make the list. As part of the value-up program announced earlier...
The American Chamber of Commerce in Korea joined hands with Tools for Humanity, the developer of Worldcoin, to stress the importance of personal data protection in the era of artificial intelligence. On Tuesday, the two entities signed a memorandum of understanding at a ceremony held in Seoul, agr...
South Korea may be nearing the end of its fight against inflation as the rate of price rises eased to the 2 percent target last month, backed by a retreat in the prices of international crude oil and farm produce, data showed Tuesday. The Consumer Price Index, a key gauge of inflation, advanced 2 ...
South Korea and Mongolia need to strengthen cooperation on the supply of critical minerals to lessen their trade reliance on China, officials and experts from the two countries said at the Korea-Mongolia Vision Forum in Ulaanbaatar, Mongolia. Co-hosted by Herald Media Group and the Ahnsei Foundati...
Finance chief vows tighter control on household debt
Nvidia CEO hints at possibility of fabbing GPUs at Samsung
OB acquires Jeju Soju, eyes bigger presence abroad
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HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024
Pulmuone launches frozen gimbap in China