Banking & Finance

Trump's tariff plan creates increased urgency for Korea to accelerate decoupling from China

Korea seems to have a growing need to rapidly reduce its trade dependence on China, especially in light of Donald Trump's return to the presidency.

Nov 8, 2024By Yi Whan-woo

Trump's tariff plan creates increased urgency for Korea to accelerate decoupling from China

BOK's tough choice: balancing Trump volatility, household debt, growth

Seoul prepares for Trump's impact on economy

U.S. President-elect Donald Trump’s policies are expected to have “considerable impact” on the Korean economy in his second presidency, according to Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok, Thursday.

Nov 7, 2024By Yi Whan-woo

Seoul prepares for Trump's impact on economy

Retirement savings insurances underperform bank deposits

The returns on retirement savings products sold by insurance companies appear to be lower than the interest rates on bank savings or deposit accounts.

Nov 7, 2024By Jun Ji-hye

Retirement savings insurances underperform bank deposits

Won-dollar rate feared to soar above 1,400 after Trump's win

The Korean won is expected to weaken beyond the 1,400 level against the U.S. dollar following former U.S. President Donald Trump’s victory in the 2024 presidential election, according to analysts.

Nov 7, 2024By Yi Whan-woo

Won-dollar rate feared to soar above 1,400 after Trump's win

Trump expected to use economic leverage to enhance US influence on Korean firms

Financial watchdog suspends Korea Zinc's issuance of new shares

The Financial Supervisory Service (FSS) suspended Korea Zinc’s issuance of new shares aimed at a large-scale capital increase, Wednesday.

Nov 6, 2024By Jun Ji-hye

Financial watchdog suspends Korea Zinc's issuance of new shares

Tax shortfall could reach $25 bil.: study

The government might miss its tax collection target by up to 34.5 trillion won ($24.68 billion) this year, a shortfall much larger than the projected 29.6 trillion won, a study showed, Wednesday.

Nov 6, 2024By Yi Whan-woo

Tax shortfall could reach $25 bil.: study

Food mogul's Theborn Korea surges over 50% on market debut

Theborn Korea saw its shares surging more than 50 percent on its stock market debut, Wednesday, after garnering market attention as a food and beverage franchise led by celebrity chef Paik Jong-won.

Nov 6, 2024By Yi Whan-woo

Food mogul's Theborn Korea surges over 50% on market debut

JB Financial invites children with multicultural backgrounds to camp

JB Financial Group invited children with multicultural backgrounds and immigrant families to Wudada Camp to help them plan their career paths and become leaders of the community.

Nov 6, 2024By Yoon Ja-young

JB Financial invites children with multicultural backgrounds to camp

KT to cancel $726 mil. of stocks by 2028 for corporate value

KT, a major South Korean mobile carrier, said Tuesday it will cancel 1 trillion won ($726 million) worth of treasury shares by 2028 as part of its efforts to enhance its corporate value.

Nov 5, 2024By Yonhap

KT to cancel $726 mil. of stocks by 2028 for corporate value

Library named after MBK Partners' chairman set to open in 2027

Seoul's second municipal library, named after MBK Partners' founder and Chairman Michael ByungJu Kim, is set to open in 2027 in Seodaemun District in northwestern Seoul. It will be the first public library in Korea to adopt an automated storage and retrieval system, where robots will handle book retrieval and placement.

Nov 5, 2024By Lee Yeon-woo

Library named after MBK Partners' chairman set to open in 2027

102 103 104 105 106