Banking & Finance

Initiative to tackle 'Korea discount' bodes ill for Kosdaq

The government’s forthcoming initiative to tackle the so-called "Korea discount" is prompting speculation that it may unintentionally encourage investors to dump their stocks in the secondary Kosdaq bourse, thereby causing it to fall sharply.

Finance industry looks to attract pet owners with new services, benefits

Pet lovers are spending more to take better care of their animals, prompting credit card companies and insurers to increase the number of benefits for their customers as well as launching products and services tailored to their needs.

Politically themed stocks show volatility as elections near

Stocks related to high-profile politicians are growing highly volatile as the April 10 general elections approach, prompting the country’s financial watchdog to closely monitor their transactions against possible price-rigging and other forms of market manipulation.

Korea's first ETF tracking 1-year CD rates to debut

KB Financial recruits startups for incubation program

KB Financial Group is looking for startups to participate in KB Starters, a program that supports selected businesses with innovative technologies to become KB's business partners in the future.

IMF revises up Korea's 2024 growth forecast to 2.3%

The International Monetary Fund (IMF) revised up its 2024 economic growth outlook for Korea to 2.3 percent from a previous forecast of 2.2 percent announced in October.

IBK invites startups to win mentoring, funding opportunities in US

Industrial Bank of Korea (IBK) is inviting startups in Korea to join a program that offers mentoring and funding opportunities in the United States, the state-run lender said Tuesday.

Politicians offer to build new regional airports while existing ones lose money

The nation's regional airports are expected to become a major election issue once again, with politicians attempting to drum up support ahead of the April 10 general elections by proposing new locations for air travel hubs outside the capital in order to stimulate regional economies.

Korea Investment Corp. to establish overseas office in India

Korea Investment Corp. (KIC) will establish an office in India. It will be the sovereign fund's fifth overseas office.

Is Toss' 20 tril. won valuation reasonable?

Major securities firms that have recently been preparing proposals to be selected as lead underwriters of Toss' IPO plan have assessed the financial super app company's corporate valuation of around 15 to 20 trillion won ($11-15 billion). But a growing number of criticis are pointing out that the valuation is exaggerated, considering the fintech firm's substantial losses.