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Mon, June 25, 2018 | 06:54

Economy > Finance >

Shinhan, KB, Hana hunt for life insurers

Korea's top-tier financial groups are on the hunt for stakes in non-banking financial companies focusing on life insurance. The life insurance industry is lucrative and has further growth potential due to the country's aging population.

Finance | 2018-05-08 16:22

Samsung Securities employees face criminal charges

Samsung Securities has decided to file a complaint with the prosecution against a group of employees who sold company shares they were mistakenly given last Month, as part of its efforts to put the so-called fat finger scandal behind. But this and other measures announced Monday appear to have failed to satisfy investors and customers, who have been calling on CEO Koo Sung-ho...

Finance | 2018-05-07 16:24

'Korea-Japan talks for currency swap deal could resume soon'

South Korea will push to revive a currency swap deal with Japan that was suspended over diplomatic feuds, Bank of Korea (BOK) Gov. Lee Ju-yeol has said. During a news conference on the sidelines of a regional forum in Manila on Friday, Lee expressed expectations that the two sides will start negotiations in the near future.

Finance | 2018-05-06 11:03

Regulator to audit Korea Investment & Securities

The Financial Supervisory Service (FSS), the country's top financial regulator, said it will initiate a probe of Korea Investment & Securities. The inspection will begin May 8 and go through June 1.

Finance | 2018-05-04 17:04

'Inter-Korean shares' entering correction period

Stocks connected to economic cooperation between South Korea and North Korea are showing price corrections in the bourse. As institutional investors are further expected to shed such shares to realize gains following too steep of a surge, analysts warn that small investors should stop betting on them without analyzing the fundamentals.

Finance | 2018-05-03 17:55

Banks preparing to go to North Korea on peace mood

KB, Shinhan, Woori and other commercial banks are paying keen attention to the progress of the amicable South and North Korean relations, preparing themselves to resume halted businesses in the North as soon as possible.

Finance | 2018-05-02 15:25

Financial Supervisory Service faces daunting tasks in 2018

This year, many challenges lie ahead of the Korean financial industry. Policy-normalization and interest rate rises by global central banks are increasing uncertainty in the Korean financial market. As new financial platforms emerge, such as mobile banking, business became more competitive for financial companies.

Finance | 2018-05-01 17:00

South Korea's April exports post first decline in 18 months

South Korea's exports retreated in April from a year earlier, marking the first dip in 18 months, largely due to a base effect, government data showed Tuesday.

Finance | 2018-05-01 10:03

NH financial chief to change status quo

NH NongHyup Financial Group Chairman Kim Kwang-soo said Monday that he will focus on a structural overhaul to make the banking group more profitable during his two-year term.

Finance | 2018-04-30 16:25

Korea's industrial output dips 2.5 pct in March

South Korea's industrial output fell in March from a month earlier on a dip in production in the automaking and machinery sectors, government data showed Monday. Production in the mining, manufacturing, gas and electricity industries fell 2.5 percent on-month in March, following an adjusted 0.8 percent on-month gain in the previous month, according to the data by Statistics K...

Finance | 2018-04-30 09:36

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