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.
Internet-only banks, foreign lenders and the state-owned Industrial Bank of Korea (IBK) are joining major financial institutions in tightening their mortgage loan policies. This move follows instructions from financial authorities aimed at addressing the rapid growth of household debt.
Among Korean retail investors who have invested in the seven major U.S. tech stocks, those who invested in Apple have shown the highest performance in terms of returns and proportion of profitable investors.
Kim Dong-yeon, communications manager at Toss Bank, led a project to acquire B Corp Certification, a global recognition awarded to companies that have made a demonstrable contribution toward building a sustainable society.
Financial authorities are working on improving the organizational culture within banks amid repeated reports of financial crimes such as embezzlement and breach of trust, officials said Monday.
The government began implementing the second phase of stressed debt service ratio (DSR) rules, Sunday, to curb a rapid increase in household loans.
Securities companies and industry experts are expressing optimism that Kbank, which achieved record-breaking earnings in the first half of this year, will successfully complete its second attempt to list on the country’s main KOSPI exchange.
Samsung Life Insurance and Samsung Fire & Marine Insurance, the respective leading companies in the country’s life and non-life insurance sectors, have raised their interest rates on mortgages, joining a move by banks in response to financial authorities’ increasing pressure to curb the growth of household debt.
As more banks implement measures to curb the growth of mortgage loans in response to pressure from financial authorities, anxiety is rising among homebuyers, particularly those seeking homes for actual residence rather than speculation.
The Bank of Korea (BOK) proposed on Tuesday that top universities, such as Seoul National University (SNU), should voluntarily allocate admissions quotas based on regional school-age population ratios.
Kim Byoung-hwan, chief of the Financial Services Commission (FSC), vowed, Tuesday, to relax regulations to move toward the artificial intelligence (AI) revolution and to ensure that the financial sector leads Korea’s push to become one of the top three global leaders in AI.