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Mon, December 10, 2018 | 13:02

Economy > Finance >

Will Santa Rally come to Korea?

Market analysts are split over whether the local bourse will end the year 2018 on a high note with a strong “Santa Claus rally,” an increase in the stock market around Christmas in late December.

Finance | 2018-12-09 17:49

Debate over Samsung BioLogics delisting heats up

The Korea Exchange (KRX) will soon initiate a delisting review of Samsung BioLogics whose stocks remain suspended from transaction. The Financial Services Commission (FSC) ruled on Nov. 14 that the firm intentionally cooked its books in 2015.

Finance | 2018-12-09 17:49

Despite decent earnings, banks move to cut jobs in digital era

Major local banks have been offering or plan to offer voluntary retirement programs to their workers as part of restructuring efforts amid a greater application of digital-driven technology, industry sources said Sunday. Nonghyup Bank announced a voluntary retirement program last month. A total of 610 employees applied for the program, though the company has yet to decide its...

Finance | 2018-12-09 15:31

New finance minister faces challenges amid slowdown

Hong Nam-ki, the new finance minister, is about to face an uphill battle in trying to restore confidence in the economy amid forecasts of a global slowdown in 2019, analysts say. He is expected to start his job officially on Dec. 11, leading President Moon Jae-in's second economic team, which includes Kim Soo-hyun, the new policy chief at Cheong Wa Dae. This comes as the Nati...

Finance | 2018-12-09 15:31

Despite 6-year low growth, South Korea's GNI to surpass $30,000 this year

South Korea's per capita income is likely to surpass US$30,000 this year, though the economy is forecast to record its lowest growth rate in six years, observers said Sunday.

Finance | 2018-12-09 11:02

Yield curve inversion spawns fears over recession

Fears are mounting over a possible U.S.-initiated global recession after yields on three-year U.S. Treasury notes were higher than five-year bond returns Monday, (KST) for the first time since 2007.

Finance | 2018-12-07 16:02

NH launches automated lending program

NongHyup Bank has initiated around-the-clock operation of Robotics Process Automation (RPA), an automated program that manages household lending, corporate lending and credit card transactions, it said Thursday.

Finance | 2018-12-06 18:42

KB Kookmin Bank to open branch in Hanoi

KB Kookmin Bank will open a branch in Hanoi, Vietnam, after receiving approval from the financial authorities there, the bank said Thursday.

Finance | 2018-12-06 18:41

Dsion join forces with Founders Space Singapore to discover unicorn startup companies in Singapore

On Sunday, December 9 Dsion, an investment platform for funding startups that is conducting an initial coin offering (ICO) will host a “Startup Challenge” with Founders Space Singapore, a global venture capitalist firm at PSB Academy Marina Square in Marina Bay Sands, Singapore.

Finance | 2018-12-06 17:08

ABL moves to set up general agencies

The nation’s small- and medium-sized insurers are moving to establish their own general agencies, according to industry sources and company officials, Thursday.

Finance | 2018-12-06 16:49

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