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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.

Securities firms halt sales of Homeplus investment funds amid court-led rehabilitation

Securities firms are halting the sales of public funds that include Homeplus short-term bonds amid concerns over the recovery of investment funds, as the country’s No. 2 supermarket chain entered corporate rehabilitation proceedings, industry officials said Monday.

Mar 10, 2025By Jun Ji-hye
Securities firms halt sales of Homeplus investment funds amid court-led rehabilitation

Sambu faces intensified probe over alleged stock price manipulation

The Financial Supervisory Service (FSS) is intensifying efforts to track the flow of funds in connection with allegations of stock price manipulation involving Sambu Construction, which gained attention as a Ukraine reconstruction-themed stock, officials said Monday.

Mar 10, 2025By Jun Ji-hye
Sambu faces intensified probe over alleged stock price manipulation

Koreans still rely on legacy banks as primary source of financial services, but fintechs gain ground

Jang, a 28-year-old employee at an IT company in Seongnam, Gyeonggi Province, uses Woori Bank, one of Korea's major commercial banks, as her primary financial institution.

Mar 10, 2025By Jun Ji-hye
Koreans still rely on legacy banks as primary source of financial services, but fintechs gain ground

Internet-only banks expand offline access to boost customer engagement

All three internet-only banks in Korea — KakaoBank, Toss Bank and Kbank — have begun offering zero-fee transactions for customers using automated teller machines (ATMs). Rather than relying on fee-based revenue, the banks are opting to expand customer engagement through offline support, industry officials said Sunday.

Mar 9, 2025By Lee Yeon-woo
Internet-only banks expand offline access to boost customer engagement

Gov't squeezes state-run banks to address tax revenue shortfall

The government is pressing state-run banks to pay more dividends than what they had originally planned in what is seen as a bid to make up a huge shortfall in tax revenue, industry officials said Friday.

Mar 7, 2025By Yi Whan-woo
Gov't squeezes state-run banks to address tax revenue shortfall

CONTRIBUTION Future of wealth: empowering women's financial rise

Over the next five years, women are set to control more than 50 percent of the world’s assets, according to Forbes — a historic transformation driven by increased workforce participation, entrepreneurial success and intergenerational wealth transfers.

Mar 7, 2025By Judy Hsu
[CONTRIBUTION] Future of wealth: empowering women's financial rise

MBK in hot seat over snowballing Homeplus debacle

MBK Partners, the largest private equity firm in Northeast Asia, is facing criticism for "irresponsibly" placing Homeplus into corporate rehabilitation without any self-recovery efforts, despite its massive acquisition debt having led to financial difficulties, industry officials and experts said Thursday.

Mar 6, 2025By Jun Ji-hye
MBK in hot seat over snowballing Homeplus debacle

Korea braces for possibility of Trump weaponizing dollar after tariffs

Korea should be ready for the possibility of U.S. President Donald Trump using the dollar as another tool to pressure major trading partners, in addition to tariffs, under his escalating trade war, analysts said Thursday.

Mar 6, 2025By Yi Whan-woo
Korea braces for possibility of Trump weaponizing dollar after tariffs
  • Evaluation of Korea's strategic importance to US is essential in deals with Trump: experts

Economic indicators fail to address Koreans' financial distress, unhappiness

Park Eung-kyu, a factory worker at a medium-sized enterprise, says he feels discouraged whenever he reads news about Korea's increasing wealth, which he believes is not reflected in his much more slowly growing income.

Mar 6, 2025By Yi Whan-woo
Economic indicators fail to address Koreans' financial distress, unhappiness

KakaoBank CEO secures fifth consecutive term

KakaoBank announced Wednesday that CEO Yun Ho-young has been granted a fifth consecutive term, allowing him to remain at the helm until March 2027. Yun has been leading the company since 2016.

Mar 5, 2025By Jun Ji-hye
KakaoBank CEO secures fifth consecutive term
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