The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Wed, July 6, 2022 | 20:02
Shinhan Bank faces punitive actions over misselling of Lime funds
Shinhan Bank faces punitive actions over misselling of Lime funds
Korea's financial regulator decided Wednesday to take punitive actions against Shinhan Bank for misselling of funds run by now-defunct Lime Asset Management.
2022-07-06 17:33
K bank, Toss aim to differentiate from KakaoBank in their IPO plans
K bank, Toss aim to differentiate from KakaoBank in their IPO plans
Following KakaoBank's stock price plunge over the past year, K bank and Toss Bank, the country's two other internet-only banks, are focusing on differentiating themselves from KakaoBank in their initial public offering (IPO) strategies. KakaoBank was the first digital bank to go public last August, meeting success initially. The bank's innovative and accessible platform was e...
Anna J. Park | 2022-07-06 16:49
KDI chief hints at resignation out of frustration with PM's remarks
KDI chief hints at resignation out of frustration with PM's remarks
Korea Development Institute (KDI) President Hong Jang-pyo hinted at the possibility he might resign from the post, criticizing Prime Minister Han Duck-soo's recent comment that Hong, who designed the previous Moon administration's income-led growth economic plan, does not fit with the Yoon administration. In a press release on Wednesday, the chief of the public research insti...
Anna J. Park | 2022-07-06 16:49
Investors advised to boost cash holdings amid stock market uncertainty
Investors advised to boost cash holdings amid stock market uncertainty
Stock investors are advised to increase cash and other safer assets such as gold and dividend stocks in their asset portfolios, as growing fears of a recession will keep posing a risk to the benchmark KOSPI, analysts said. The main bourse has been on a sharp decline, falling to around 2,300 points for the past month. It closed at 2,292.01 Wednesday, down 49.77 points from the...
Lee Min-hyung | 2022-07-06 16:29
Consumption slowdown poses biggest risk to Korean firms: S&P
Consumption slowdown poses biggest risk to Korean firms: S&P
The growing fear of a consumption slowdown comes as the biggest risk to Korean companies during this period of soaring inflation and global financial uncertainty, global credit appraiser S&P Global Ratings said in an online press conference, Wednesday. The ratings agency expected the consumption slowdown following the outbreak of the pandemic and the rapid rise in prices to k...
Lee Min-hyung | 2022-07-06 16:28
PM voices support for normalization of monetary policy
PM voices support for normalization of monetary policy
Prime Minister Han Duck-soo on Wednesday expressed support for the normalization of the monetary policy by the Bank of Korea (BOK), citing strong inflationary pressure and deteriorating fiscal soundness.
2022-07-06 14:30
Woori Financial chief purchases his bank's stocks on confidence in fundamentals
Woori Financial chief purchases his bank's stocks on confidence in fundamentals
Woori Financial Group Chairman Son Tae-seung announced Tuesday that he purchased an additional 5,000 shares of the financial group, boosting the total number of Woori stocks he owns to 118,127. This is the third time this year that he purchased Woori Financial shares. His purchase sends a message to the market of his confidence in the group's fundamentals and the positive out...
Anna J. Park | 2022-07-06 09:00
Korea's inflation soars to 24-year high, weighing on economy
Korea's inflation soars to 24-year high, weighing on economy
Consumer prices in Korea last month jumped at the fastest pace in nearly 24 years, putting more pressure on the country to heighten measures against inflation amid growing fears of stagflation. According to Statistics Korea, Tuesday, the country's consumer prices rose 6 percent in June from a year earlier, marking the sharpest rise since November 1998 when it stood at 6.8 per...
Yi Whan-woo | 2022-07-05 16:53
Foreign exchange reserves suffer largest fall since 2008
Foreign exchange reserves suffer largest fall since 2008
Korea's foreign exchange reserves reported the biggest monthly decline in June since the 2008 global financial crisis, as authorities sold foreign currencies to defend a sharp depreciation of the Korean won. According to the Bank of Korea (BOK), the figure reached $438.28 billion won as of the end of last month. This is a drop of $9.43 billion from a month earlier.
Lee Min-hyung | 2022-07-05 16:46
FSS aims to strengthen legal capacity
FSS aims to strengthen legal capacity
The Financial Supervisory Service (FSS) is attempting to strengthen its legal capacity amid increased legal battles with finance companies over its imposition of penalties. The FSS said Tuesday it recently drew up new internal regulations about legal advisories and lawsuits.
Anna J. Park | 2022-07-05 16:04
 1 2345678910
Top 10 Stories
  • Fashionista first lady draws polarized reactions
  • Price-conscious consumers flock to fresh food sales
  • Son Heung-min recalls experiencing racism in Germany, rejoicing at revenge in World Cup upset
  • Child porn website operator gets 2-yr prison term for concealing criminal proceeds
  • USFK member accused of alleged DUI on motorcycle
  • Korea's inflation soars to 24-year high, weighing on economy
  • June Huh becomes 1st scholar of Korean descent to win Fields Medal
  • Korea's inflation growth hits nearly 24-year high in June on fuel costs
  • US bill expresses concerns over proposed abolishment of Korean ministry of equality
  • Korea to expand nuclear power generation to 30% of total by 2030
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group