Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Hana Financial Group made the list of Dow Jones Sustainability Indices (DJSI) World Index for the second consecutive year, Dec. 8 (local time), according to the group, Monday.
A growing number of small brokerages and construction firms have suffered either credit ratings downgrades or lower credit outlook prospects over the past month due mostly to elevated risks associated with real estate project financing, market watchers said Monday.
Expectations are growing that the government may extend fuel tax cuts, because of the acceleration of inflation in the range of 3 percent, far higher than the government's target of 2 percent, market watchers said Sunday. The finance ministry has until mid-December to decide.
Three financial service providers are vying to become the fourth internet-only bank in Korea, buoyed by lowered entry bars and strong interest income-backed profit by the existing three banks over the past two years despite an economic slowdown, market watchers said on Sunday.
Global oil prices will continue fluctuating due to doubts over the efficacy of oil-producing countries' production cuts, combined with slumping demand in China and increases in U.S. inventory reserves, market watchers said Thursday.
Debt held by income earners in the bottom 20 percent grew much faster than the country's top income earners' borrowings over the past year, data showed Thursday. A total of 14.9 percent of the total population in the same period made less than the country’s median income, up 0.1 percentage points.
KB Financial Group held its 2023 HUB Day event to foster strong local startups and provide them with growth opportunities backed by stable financing and business development guidance, the group said Wednesday.
Fears are mounting of poor growth for local brokerages, fueled by a combined 12 trillion won ($9.1 billion) in project financing risk exposure certain to wipe out bridge loan-tied credit before next June, according to market watchers, Wednesday. A bridge loan is a high-risk, high-interest loan operated mostly by securities firms and savings banks for the short term.
MBK Partners launched a public tender offer for public shares of Hankook & Company, the holding company of Hankook Tire & Technology, Tuesday, looking to enhance its corporate governance structure.