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.
Financial authorities in Korea are signaling a strong intention to intervene in the management of household loans, as such debts have grown to an alarming level in recent months following a rise in real estate prices.
Despite increasing regulatory pressure from financial authorities and growing geopolitical uncertainties, analysis suggests that bank stocks could outperform the market on the back of heightened expectations toward the government’s Corporate Value-up Program.
Korean investors have purchased nearly 1 trillion won ($7.5 million) worth of dividend-focused exchange-traded funds (ETFs) comprised solely of U.S. companies. The figure is more than four times the amount invested in domestic dividend ETFs.
Competition among insurance companies is intensifying over products tailored for women, driven by increased interest in women’s health and the rapid rise in the number of working women.
The recent rise of gold prices to new record highs is attracting substantial interest from investors both domestically and internationally.
Insurance companies in Korea have begun reviewing their policies regarding electric vehicles (EVs) following reports of fires caused by these vehicles.
The proportion of non-performing corporate loans at major banks has continued to grow, raising concerns about potential future risks regarding the soundness of assets.
The total in delayed payments by cash-strapped TMON and WeMakePrice to their vendors has reached 818.8 billion won ($613 million) as of Monday, according to the Ministry of Economy and Finance, Wednesday. The amount is about three times higher than the 278.3 billion won that the government estimated on Aug. 1.
KakaoBank, the country’s largest internet-only bank, has made an equity investment in the fintech startup Naivy specializing in musician and music marketing services.
More banks are moving to advance their systems to strengthen internal controls amid repeated reports of financial crimes involving embezzlement and breach of trust. The move came as such incidents seriously harm brand image, which can be devastating for banks that operate based on customers' trust.