Economy
Senior BOK official dispatched to France's central bank
A senior Bank of Korea (BOK) official will begin a yearlong stint at Banque de France, a first for a BOK official to work in the European country.
Mar 11, 2024
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Economy
Banks see net incomes decline in Southeast Asian operations
Korea's top four commercial lenders are facing significant challenges in Vietnam, Indonesia, and Cambodia due to sustained economic stagnation and elevated interest rates over the period of years since the pandemic began, data showed Friday.
Mar 8, 2024
Economy
Banks fortify asset management services
Local commercial lenders are ramping up efforts to fortify asset management capabilities, in order to identify long-term stable sources of non-interest income.
Mar 7, 2024
Economy
Senior BOK official suggests extension of retirement age for new parents
A senior official of the Bank of Korea (BOK) floated the idea of extending the retirement age for young couples having children, a combination of a politically and generationally divisive issue and the biggest risk factor that threatens the survival of the country.
Mar 7, 2024
Economy
Hana Bank's German branch obtains Moody's Aa3 rating
Hana Bank's German subsidiary has earned a Moody's credit rating of Aa3, according to the bank Wednesday. Moody's is one of the top three global credit rating agencies.
Mar 6, 2024
Economy
Kakao leadership under fire over appointment of former KakaoBank CTO
The leadership of incoming Kakao Corp. CEO Chung Shin-a is coming under serious doubt, as illustrated and amplified by the appointment of former chief technology officer (CTO) of KakaoBank Jung Gue-don as the holding company's new CTO, market watchers said Wednesday.
Mar 6, 2024
Economy
BOK 'climate finance' drive underpins need for sustainable growth
The Bank of Korea (BOK) is fortifying research and analysis of climate risks, a major sustainability consideration for Korea’s export-reliant economy that is extremely vulnerable to global economic conditions.
Mar 6, 2024
Economy
Financial group shares spike on foreign buying
Shares of financial groups are rallying, snapping out of a weeklong downtrend brought on by the disappointing announcement of the government's Corporate Value-up Program.
Mar 5, 2024
Economy
Insurers seek overseas expansion amid local market saturation
An increasing number of local insurers are seeking to expand their business to overseas markets as the local market appears to have reached saturation point with growth stagnating, market watchers said Sunday.
Mar 3, 2024
Economy
Trump victory likely to frustrate BOK rate cut prospects: report
The possible reelection of former U.S. President Donald Trump would leave the baseline rate cut profile of the Bank of Korea (BOK) unstable due largely to heightened economic, trade and foreign exchange uncertainties, a report said Thursday.
Feb 29, 2024