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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

ESG bond market to thrive as Korea's top banks accelerate issuances

The top four commercial banks here are expected to continue issuing ESG bonds aggressively this year, as their lower interest rates can reduce capital costs. There is also a high demand from foreign investors.

Jan 23, 2024By Lee Yeon-woo
ESG bond market to thrive as Korea's top banks accelerate issuances

Won thrashed by ongoing geopolitical risks

The value of the Korean won remains below the psychological threshold of 1,300 won per U.S. dollar throughout this month, defying market expectation that the local currency will strengthen against the greenback and will be traded in the mid-1,200 level in average in 2024.

Jan 22, 2024By Yi Whan-woo
Won thrashed by ongoing geopolitical risks

Korea Securities Depository offers electronic services to strengthen client convenience

The Korea Securities Depository (KSD) is offering services electronically to enhance convenience for its clients in the equity market amid the push toward an accelerated digital transformation.

Jan 19, 2024By Yi Whan-woo
Korea Securities Depository offers electronic services to strengthen client convenience

Can Kbank exceed W5 tril. in IPO valuation?

Kbank, one of three domestic internet-only banks along with KakaoBank and Toss Bank, aims to pursue an initial public offering (IPO) again this year, after it withdrew its listing plan last year amid worsening market conditions. Industry watchers' attention is now on how high a valuation the internet-only lender can get from the stock market.

Jan 19, 2024By Anna J. Park
Can Kbank exceed W5 tril. in IPO valuation?

Mirae Asset's Canadian subsidiary surpasses $30 bil. Canadian in AUM

Mirae Asset Global Investments announced that the assets under management (AUM) of its subsidiary, Horizons ETFs, a Canadian-listed index fund management company, have surpassed $30.5 billion Canadian (30 trillion won).

Jan 19, 2024By Anna J. Park
Mirae Asset's Canadian subsidiary surpasses $30 bil. Canadian in AUM

President's 'indiscriminate' tax cut drive raises concerns over snowballing fiscal deficit

The government is accelerating its tax cut drive, even after its eased tax policy last year failed to generate sufficient tax revenue and instead is estimated to post a record tax shortfall of nearly 60 trillion won ($44.89 billion).

Jan 19, 2024By Yi Whan-woo
President's 'indiscriminate' tax cut drive raises concerns over snowballing fiscal deficit

N. Korea risk, earning shocks cause Seoul's stock market to stumble

Korean stocks have been performing sluggishly since the beginning of the year after advancing about 5 percent in December alone on the back of the U.S. central bank’s dovish shift in its monetary policy.

Jan 18, 2024By Yi Whan-woo
N. Korea risk, earning shocks cause Seoul's stock market to stumble

Toss Bank launches commission-free foreign exchange service

Toss Bank launched a commission-free foreign exchange service on Thursday, which does not charge any fees when buying or selling currencies. The internet-only bank said it was the first domestic financial company to introduce the entirely free foreign exchange service.

Jan 18, 2024By Anna J. Park
Toss Bank launches commission-free foreign exchange service

Banks could face lawsuits over sales of risky derivatives products

Five major commercial banks in Korea — KB Kookmin, Shinhan, Hana, Woori, and NH NongHyup — are increasingly at risk of facing lawsuits from customers experiencing escalating losses. These losses stem from the purchase of equity-linked securities (ELS) products linked to Hong Kong's declining benchmark index.

Jan 17, 2024By Yi Whan-woo
Banks could face lawsuits over sales of risky derivatives products

Samsung family members remain wealthiest female stockholders

The mother and two sisters of Samsung Electronics Executive Chairman Lee Jae-yong remain the three wealthiest female stockholders in Korea, even after they sold part of their shares in the global electronics giant to pay inheritance taxes, according to data, Tuesday.

Jan 17, 2024By Yi Whan-woo
Samsung family members remain wealthiest female stockholders
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