Korea Times Finance Reporter
Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.
Unionized workers in the financial industry are facing criticism for requesting that management push their start time from 9 a.m. to 9:30 a.m., delaying the beginning of their workday by 30 minutes.
Mortgage loans extended by banks surged by a record 8.2 trillion won ($6.1 billion) last month, bringing the total to 890.6 trillion won. This marks the largest monthly increase since the Bank of Korea (BOK) began tracking such data in 2004. Economists warn that the rising household debt poses a threat to economic growth.
Kbank is accelerating final preparations to debut on the country’s main KOSPI exchange by the end of the year.
Shinhan Financial Group Chairman Jin Ok-dong has been appointed head of the financial industry committee of the Korea Chamber of Commerce and Industry (KCCI), according to the KCCI, Tuesday.
The ratio of non-performing loans in the construction sector at major banks increased significantly in the first half of this year amid sluggish domestic demand and a slowdown in the industry.
The number of people in their 20s falling into credit delinquency — missing loan repayments — has increased, largely due to high interest rates, soaring prices, and difficulties in finding jobs, according to an opposition lawmaker, Monday.
Foreign investors have net sold approximately 4 trillion won ($3 billion) in the Korean stock market over the past month, according to the Korea Exchange, Friday.
All eyes are now on whether Hanwha Life Insurance will take its lawsuit against the financial authorities to the Supreme Court, following its near loss in an appeal challenging a 1.83 billion won ($1.3 million) fine.
Financial authorities are accelerating measures to improve the management stability and asset soundness of savings banks amid growing concerns that their capital adequacy ratio, known as the BIS ratio, may fall below recommended standards in light of ongoing domestic and international economic uncertainties.