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Tue, October 16, 2018 | 23:05

Economy > Finance >

Regulators to enforce harsher punishment on naked short selling

The Financial Services Commission (FSC) will slap the steepest penalty on any investors caught short-selling stocks without borrowing them first _ a procedure known as naked short-selling. The regulator's move is in tandem with its ongoing investigation into Goldman Sachs for engaging in the practice, and increasing complaints from retail investors over such illicit trading. ...

Finance | 2018-10-16 16:59

Technology changes financial landscape

The financial industry is a undergoing a major disruption due to technological progress. Fintech, short for financial technology, has been leading the disruption allowing many players to introduce new, innovative ways of providing financial services.

Finance | 2018-10-16 16:52

Seoul stocks likely to remain bearish

The stock market is expected to continue to falter for a while due to lingering uncertainties created by multiple challenges both at home and abroad, analysts said Monday. They cited a possible key rate hike by the Bank of Korea (BOK), deepening trade tension between the United States and China, and jitters over emerging market economies as major downside risks.

Finance | 2018-10-15 17:01

Shinhan joins hands with KKR for overseas deals

Shinhan Financial Group has forged a strategic partnership with KKR, a global private equity giant, to seek investment opportunities abroad, the financial holding company said Monday. The two signed a memorandum of understanding just before the Chuseok holiday, which was from Sept. 23 to 25, for a partnership under which Shinhan can take advantage of KKR's longstanding experi...

Finance | 2018-10-15 16:23

NGO chief leading volunteer activity in Vietnam

Global Friends leader Choi Kyou-taek has led volunteer activity in a rural area in Vietnam for 12 years. Starting the non-governmental organization's charity activity in 2006 to help bereaved family members of the Vietnamese War, Choi has since led volunteer medical services, offered scholarships and donated personal computers to rural communities in Xuan Son and Yen Ky, Phu ...

Finance | 2018-10-15 16:06

Experiencing banking

A Standard Chartered (SC) Bank Korea worker tells children of the bank's employees at its Jongno branch in Seoul what banking is and how it works, Oct. 12. The lender invited 130 children to participate in an education program on banking.

Finance | 2018-10-15 15:37

All eyes on BOK's policy meeting this week

On Oct. 18, the Bank of Korea (BOK) will be holding the first of the last two monetary policy meetings in 2018. The last one will be held in November. And all eyes will be on whether it will raise its key interest rate or not this week, given that BOK Governor Lee Ju-yeol has recently signaled a hike as a means to stabilize the market hit by a growing imbalance and inequality...

Finance | 2018-10-15 12:44

STX teams up with BaySand, QRF for cryptocurrency market

STX Corporation is tapping into the cryptocurrency market to develop Bitcoin mining hardware together with technology consortium partners.

Finance | 2018-10-14 17:10

Gov't slammed over stopgap hiring plan

The government has been strongly criticized for allegedly arm-twisting state firms to hire part-time workers, which many analysts believe is aimed at improving short-term job data. The administration is expected to unveil a plan to increase the hiring of young people at state-owned enterprises amid rising joblessness and sluggish corporate investment.

Finance | 2018-10-14 16:34

Samsung rules foreign workers' insurance market

Samsung Fire & Marine Insurance has been dominating the 1 trillion won ($883.2 million) insurance market for foreign workers here. According to Rep. Han Jung-ae of the ruling Democratic Party of Korea, Sunday, Samsung Fire & Marine Insurance accounts for 95 percent of the insurance market for foreign employees in Korea.

Finance | 2018-10-14 16:11

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