Korea Times Politics & City Reporter
Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
Major commercial banks have been bolstering their loan businesses focused on corporate clients, in response to the government's policy direction aimed at curbing household debt.
Hana Financial Group Chairman Ham Young-joo has participated in the environmental protection campaign called "Bye Bye Plastic Challenge," the financial group said Wednesday.
The Financial Supervisory Service (FSS) has determined major financial companies' compensation ratio for mis-selling of Hong Kong stock market-tied equity linked securities (ELS) in five key cases to be between 30 percent and 65 percent, the financial watchdog announced Tuesday.
Kbank has recorded an all-time-high quarterly net profit of 50.7 billion won ($37 million) in the first quarter of this year, the internet-only bank announced Monday.
Financial authorities will strengthen the feasibility evaluation criteria for real estate project financing (PF) businesses, while encouraging unsalvageable ones to undergo restructuring, the nation's top financial regulator announced, Monday.
The implementation of the planned financial investment income tax scheme would deal a fatal blow to the Korean stock market, the Korean Corporate Governance Forum warned on Friday.
The new stock exchange, intended to challenge the monopoly of the Korea Exchange (KRX), will extend the operating hours of the Korean stock market by introducing pre-market and after-market sessions, allowing stock trading for 12 hours every day, from 8 a.m. to 8 p.m.
Financial Supervisory Service (FSS) Gov. Lee Bok-hyun echoed President Yoon Suk Yeol's opposition to a plan to implement a financial investment income tax next year.
Amid persistently high interest rates, recent data indicates that self-employed borrowers are struggling to repay their loan principal and interest on schedule.