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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.

Government to spend 65% of 2024 budget in H1

The government will spend more than 65 percent of its 2024 fiscal budget in the first half of the year in a bid to boost demand and bolster people’s livelihoods, the country’s top economic policymaker said, Tuesday.

Jan 16, 2024By Yi Whan-woo
Government to spend 65% of 2024 budget in H1

KakaoBank launches fund sales service

KakaoBank said Tuesday that it began selling six mutual fund products. This is the first time for an internet-only bank in Korea to launch such a service.

Jan 16, 2024By Lee Yeon-woo
KakaoBank launches fund sales service

Celltrion Holdings pushing for listing on Nasdaq: sources

Celltrion Holdings, the parent company of major Korean pharmaceutical company Celltrion, is pushing for a listing on the Nasdaq stock exchange, industry sources said Monday.

Jan 15, 2024
Celltrion Holdings pushing for listing on Nasdaq: sources

Meritz geared toward becoming Korea's 3rd-largest financial group in market cap

Meritz Financial Group is gaining momentum to possibly become Korea's third-largest financial service company by market capitalization after it was listed on the stock market in April 2023.

Jan 15, 2024By Yi Whan-woo
Meritz geared toward becoming Korea's 3rd-largest financial group in market cap

Government desperate to approve pending economic bills before April election

The government faces its last remaining chance to convince the National Assembly to approve multiple, disputed bills on economic issues prior to the general elections scheduled for April 10.

Jan 15, 2024By Yi Whan-woo
Government desperate to approve pending economic bills before April election

Hanjin KAL, Doosan Robotics touted as possible newcomers to MSCI Korea Index

Hanjin KAL, the holding company of the country’s flag carrier Korean Air, is touted as a potential newcomer to the Morgan Stanley Capital International (MSCI) Korea Index, according to financial sources, Sunday.

Jan 15, 2024By Yi Whan-woo
Hanjin KAL, Doosan Robotics touted as possible newcomers to MSCI Korea Index

Manufacturing workers over 60 exceed under 20s for first time

 

Jan 14, 2024By Yi Whan-woo
Manufacturing workers over 60 exceed under 20s for first time

Embattled banks set to challenge allegations of LTV ratio collusion

The four largest commercial banks in Korea — KB Kookmin, Shinhan, Hana and Woori — are jointly countering the Fair Trade Commission (FTC) to clear allegations that they colluded to set the most competitive loan-to-value (LTV) ratio and exploit customers.

Jan 14, 2024By Yi Whan-woo
Embattled banks set to challenge allegations of LTV ratio collusion

2 banks to face fines for illegal short stock selling: FSS

Korea's financial regulator said Sunday it has found out that two global investment banks engaged in illegal stock short selling worth over a combined 50 billion won ($38 million).

Jan 14, 2024
2 banks to face fines for illegal short stock selling: FSS

Mirae Asset's Canadian ETF unit achieves ninefold growth in assets

Mirae Asset Global Investments' Canadian subsidiary, Horizons ETFs, saw its assets under management (AUM) surpass $22.8 billion, the company said Friday.

Jan 12, 2024By Lee Yeon-woo
Mirae Asset's Canadian ETF unit achieves ninefold growth in assets
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