Banking & Finance

Investors allowed to purchase stocks after knowing dividend payout from 2024

Some investors in Korea will be allowed to purchase stocks after knowing information about their dividend payout, including the amount of dividends paid out to shareholders, from next year, officials said Tuesday.

Dec 5, 2023

Investors allowed to purchase stocks after knowing dividend payout from 2024

New finance minister faces tall task of revitalizing economy

President Yoon Suk Yeol named Choi Sang-mok, his former senior secretary for economic affairs, to head the Ministry of Economy and Finance, Monday, in a Cabinet reshuffle ahead of next year’s parliamentary elections.

Dec 4, 2023By Yi Whan-woo

New finance minister faces tall task of revitalizing economy

Insurance firms' net income jumps over 47% on-year in first nine months of year

The combined net income of insurance companies in Korea surged nearly 50 percent in the first nine months of the year from a year ago on advances by both life and non-life insurers, data showed Monday.

Dec 4, 2023

Insurance firms' net income jumps over 47% on-year in first nine months of year

2-year grace period to be sought for small firms from serious industrial accident penalties

An additional two-year grace period will be sought for small companies as the workplace safety law punishing employers for serious industrial accidents is set to expand to companies with less than 50 employees, ruling party officials said Sunday.

Dec 3, 2023

2-year grace period to be sought for small firms from serious industrial accident penalties

Samsung’s financial units focus on transformation in year-end reshuffle

Major financial units of Samsung Group are apparently opting for transformation over stability, by replacing their respective CEOs in year-end executive reshuffles despite their contributions to improving earnings.

Dec 3, 2023By Yi Whan-woo

Samsung’s financial units focus on transformation in year-end reshuffle

Deregulation fuels optimism for foreign buying spree in stock market

Foreign investors returned to a buying spree of Korean stocks for the first time in four months in November, adding to optimism that such a pattern of purchase will go on this month as Korea is set to end a regulation to make stock investing easier for them.

Dec 3, 2023By Yi Whan-woo

Deregulation fuels optimism for foreign buying spree in stock market

Hana reaffirms co-prosperity vision on 18th anniversary

Marking the 18th anniversary of the founding of Hana Financial Group, Ham Young-joo, group chairman, declared the group's new vision of becoming a financial group that pursues shared growth alongside the community. Ham emphasized the values of co-prosperity with society and the sense of sincerity concerning the group's financial services for its customers.

Dec 3, 2023By Anna J. Park

Hana reaffirms co-prosperity vision on 18th anniversary

New bank federation leader urges lenders to seek mutual growth

The newly-appointed leader of the Korea Federation of Banks (KFB), Cho Yong-byoung, urged lenders to develop mutual growth plans that meet not only their objectives, but the public's expectations as well. He also asked the banking industry to reflect on whether they have fulfilled their social responsibilities.

Dec 1, 2023By Lee Yeon-woo

New bank federation leader urges lenders to seek mutual growth

Bank of Korea lowers 2024 growth outlook to 2.1 percent

The Bank of Korea (BOK) lowered its 2024 economic growth outlook for Korea to 2.1 percent, Thursday, down from a forecast of 2.2 percent made in August, citing weakening consumption and restrictive monetary policies at home and abroad. This year’s growth projection of 1.4 percent was left unrevised.

Nov 30, 2023By Lee Kyung-min

Bank of Korea lowers 2024 growth outlook to 2.1 percent

Toss Bank posts first quarterly profit in Q3

With just two years passing since its launch in October 2021, Toss Bank posted a net profit of 8.6 billion won ($6.6 million) for the third quarter of this year, marking its first quarterly profit, according to the bank, Thursday.

Nov 30, 2023By Anna J. Park

Toss Bank posts first quarterly profit in Q3

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