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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Wed, July 24, 2024 | 03:24

FSS to enhance regulations on high-risk financial products following HK-tied ELS losses

FSS to enhance regulations on high-risk financial products following HK-tied ELS losses

The Financial Supervisory Service (FSS), the country’s financial watchdog, is considering enhancing regulations on the sales of high-risk financial products as part of efforts to prevent the recurrence of significant losses suffered by customers who invested in equity-linked securities (ELS) products tied to the Hong Kong stock market.

2024-07-23 16:39

'Chaebols, NPS drive Korea discount': London-based proxy adviser

'Chaebols, NPS drive Korea discount': London-based proxy adviser

The “Korea discount,” a chronic undervaluation of Korean shares relative to their global peers, remains unresolved, stifled by the undue influence of the National Pension Service (NPS) and family-controlled conglomerates, a London-based proxy advisory said, Tuesday.

2024-07-23 16:00

Corporate direct financing gains 11.1% in H1

Corporate direct financing gains 11.1% in H1

Corporate direct financing in Korea climbed 11.1 percent on-year in the first half of this year, as more companies tapped the bond market to raise funds, data showed Tuesday.

2024-07-23 10:12

Individual retirement pension balance of major banks rises by $7.9 bil. due to aging society

Individual retirement pension balance of major banks rises by $7.9 bil. due to aging society

The total balance of individual retirement pensions (IRP) of Korea's five major banks has surged by more than 11 trillion won ($7.9 billion) over the past year to exceed 50 trillion won for the first time, according to industry officials Monday.

2024-07-22 16:35

Exports rise 18.8% during first 20 days of July

Exports rise 18.8% during first 20 days of July

Korea's exports rose 18.8 percent on-year in the first 20 days of July, data showed Monday, on the back of the robust performance of chips and cars.

2024-07-22 10:15

Pet, travel insurance comparison services launched, key industry players absent

Pet, travel insurance comparison services launched, key industry players absent

Digital-based comparison and recommendation services in travel insurance and pet insurance products have made their debut in Naver Pay and Kakao Pay, respectively, but skepticism is arising about the effectiveness of these services due to the absence of key players.

2024-07-22 02:00

Entertainment stocks hit 52-week low

Entertainment stocks hit 52-week low

Stock prices of entertainment companies are hitting a 52-week low, spurred by their poor performances in the first quarter and concerns about future prospects, according to the brokerage industry, Friday.

2024-07-19 15:52

KDB to bolster capital for chip biz financing

KDB to bolster capital for chip biz financing

State-run Korea Development Bank (KDB) is on course to increase its capital stock to 50 trillion won ($36 billion), up from the current 30 trillion won, in a government-backed strategy to bolster the financing for growth driver industries such as the semiconductor sector, according to market watchers, Thursday.

2024-07-18 15:51

AI systems to manage retirement funds in Korea

AI systems to manage retirement funds in Korea

Artificial intelligence (AI) is poised to transform the retirement funds market, with its full-scale commercialization set to begin this year, according to industry officials Thursday.

2024-07-18 15:41

ADB raises Korea's 2025 growth forecast to 2.5%

ADB raises Korea's 2025 growth forecast to 2.5%

The Asian Development Bank (ADB) revised up its outlook for Korea's economic growth this year to 2.5 percent given strong exports, Seoul's finance ministry said Wednesday.

2024-07-17 10:05

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Top 10 Stories

1	N. Korea says it does not care about Trump's boasting of friendship with Kim

2	Fewer foreign residents in Korea wire money back to family

3	Kakao faces gloomy outlook following founder's arrest

4	INTERVIEWSenior models in Korea redefine age and beauty

5	Kim Jong-un anticipates Donald Trump's reelection: experts

6	Gov't ups limit on meal prices under anti-graft law to 50,000 won

7	Jamsu Bridge closed due to rising river levels

8	'Chaebols, NPS drive Korea discount': London-based proxy adviser

9	Korean wine importers struggle with falling sales

10	Former interim leader elected as new ruling party chief

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