Anna J. Park

Housing prices force 1.74 mil. residents to leave Seoul since 2014

Seoul's net population has dropped by 861,000 over the past decade, due mostly to factors related to the metropolitan city's skyrocketing housing prices.

FSS chief threatens to expel firms that ignore customers' losses

Financial Supervisory Service (FSS) Governor Lee Bok-hyun vowed to strictly respond to financial companies that focus solely on seeking short-term profits while disregarding negative outcomes for customers. He even warned of the possibility of expelling such companies that disturb financial stability and order.

Veteran economics commentator to lead Korea Association of Economics Critics

Shin Se-don, honorary professor of economics at Sookmyung Women's University, has recently been sworn in as the founding president of the Korea Association of Economics Critics, with a goal to ameliorate and lead the country's economics commentary practices.

China surpasses US as Koreans' top overseas direct shopping destination

Armed with low-cost products, China has stepped up as Koreans' top overseas direct purchase destination last year, overtaking the U.S. for the first time, according to Statistics Korea, Friday.

Capital firms face increased pressure to set aside loss reserves

Capital firms that offer a diverse range of credit financing services are facing increased pressure to set aside reserves following recent directives from financial authorities urging the financial institutions to be fully prepared for a potential real estate project financing (PF) crisis. The increased sizes of loan-loss reserves could translate into deteriorating profitability.

Korea's first ETF tracking 1-year CD rates to debut

Jeonse loan refinancing service kicks off Wednesday

Government-backed mobile loan refinancing services have expanded to include jeonse loan products from Wednesday.

Companies to face stricter disclosure obligations on treasury stocks

From the second half of this year, a company will face stricter disclosure obligations on its handling of treasury shares, ranging from the acquisition and holding to disposal, the country's top financial regulator announced Tuesday.

K-pop ETF focusing on four major agencies makes KOSPI debut

The first exchange-traded fund (ETF) focused on investing in Korea's four major entertainment companies — SM Entertainment, HYBE, JYP Entertainment and YG Entertainment — made its stock market listing on Tuesday on the country's main benchmark KOSPI market.

Kakao conducts intense audit of SM Entertainment's management

Kakao is conducting an intense audit of SM Entertainment's key management, with market insiders hinting at the possibility of a management reshuffle at the K-pop entertainment agency, depending on the outcome of the audit.