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Thu, March 30, 2023 | 13:53
Financial authorities increase pressure on banks
Financial authorities increase pressure on banks
The Financial Supervisory Service (FSS) will be conducting a regulator inspection into Shinhan Financial Group and Shinhan Bank later this month, the watchdog agency said Wednesday. It will be the first of its kind conducted on Shinhan in four years. The FSS' regular inspection takes place every two to five years, during which the financial watchdog thoroughly examines a fina...
Anna J. Park | 2023-03-01 16:23
  • Korea seeks to overhaul banks' corporate governance
Exports down for 5th month in Feb. on falling chip demand
Exports down for 5th month in Feb. on falling chip demand
Korea's exports fell for the fifth consecutive month in February due mainly to weak global demand for semiconductors amid an economic slowdown, the industry ministry said Wednesday.
2023-03-01 09:43
Korea seeks to overhaul banks' corporate governance
Korea seeks to overhaul banks' corporate governance
One of the key areas that Korean banks are lagging behind global financial firms is corporate governance. Along with the country's complex regulations, a less-than-effective system of checks and balances has been cited as a key factor resulting in the undervaluation of stocks issued by Korean financial institutions compared to their earnings performances.
Anna J. Park | 2023-03-01 09:30
  • Financial authorities increase pressure on banks
Richest 10 percent hold 43 percent of assets in Korea
Richest 10 percent hold 43 percent of assets in Korea
In one episode of the popular reality TV show “I Live Alone,” actor Kim Kwang-kyu sighs in front of an apartment building in southern Seoul's affluent Gangnam District. He just searched for the market price of his old apartment, where he had lived for six years before moving out. “I was asked to buy this home for 1 billion won ($750,000).”
Lee Yeon-woo | 2023-03-01 08:28
Korea pins high hopes on China's reopening
Korea pins high hopes on China's reopening
China's reopening is fueling optimism in Seoul that sluggish Korean exports will bounce back and possibly offer a breakthrough for the country's trade-reliant economy that is struggling with slowed growth. During a Cabinet meeting in Seoul, Tuesday, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho urged all related ministries to “pay special attention t...
Yi Whan-woo | 2023-02-28 16:30
Trade terms worsen for 22nd straight month in Jan.
Trade terms worsen for 22nd straight month in Jan.
Korea's terms of trade worsened for the 22nd straight month in January from a year earlier as export prices fell at a faster pace than import prices, central bank data showed Tuesday.
2023-02-28 15:45
Banks' FX liquidity conditions 'sound' despite uncertainties: finance ministry
Banks' FX liquidity conditions 'sound' despite uncertainties: finance ministry
Korean banks are maintaining sound foreign exchange liquidity conditions, the finance ministry said Tuesday, despite the growing uncertainties in the global foreign exchange market.
2023-02-28 15:23
Finance minister urges passage of bill on tax incentives for chipmakers
Finance minister urges passage of bill on tax incentives for chipmakers
Korea's chief economic policymaker called Tuesday for parliament to promptly pass a bill on providing more tax incentives to chipmakers amid the prolonged downturn in exports.
2023-02-28 11:02
Korea's tax revenue down $5.14 billion in January
Korea's tax revenue down $5.14 billion in January
Korea's tax revenue fell 6.8 trillion won ($5.14 billion) in January from a year earlier amid the slump in the property and securities market, data showed Tuesday.
2023-02-28 10:59
1 in 5 young Koreans suffers from snowballing debt
1 in 5 young Koreans suffers from snowballing debt
One out of every four to five Koreans owes debts that are three times as much as their annual income due to costly borrowing rates and surging housing prices, a report showed Monday. Released by Korea Institute for Health and Social Affairs, the report said that the rate for debt-ridden young Koreans was up 2.6 times from 10 years earlier, when relevant data was compiled whil...
Yi Whan-woo | 2023-02-27 16:38
1234567 8 910
Top 10 Stories
1Korea to ease entry rules to boost tourism, domestic spending Korea to ease entry rules to boost tourism, domestic spending
2Korea moves to shorten COVID-19 isolation period to 5 days Korea moves to shorten COVID-19 isolation period to 5 days
3[INTERVIEW] Can art become stable investment source? INTERVIEWCan art become stable investment source?
4Will dismantling oligopoly result in successful bank industry reform? Will dismantling oligopoly result in successful bank industry reform?
5Generation Z entrepreneurs turn oyster shells into trendy dish soapGeneration Z entrepreneurs turn oyster shells into trendy dish soap
6Celltrion chairman vows to develop new drugs, initiate M&As Celltrion chairman vows to develop new drugs, initiate M&As
7Fintech, lifestyle products can help Korea grow trade ties with Hong Kong: city's trade promotion chief in Korea Fintech, lifestyle products can help Korea grow trade ties with Hong Kong: city's trade promotion chief in Korea
8Terraform Labs co-founder's extradition could be delayed more than 1 month Terraform Labs co-founder's extradition could be delayed more than 1 month
9Ex-journalist to lead NK defector support foundation Ex-journalist to lead NK defector support foundation
10Top envoy to US tapped as new national security advisorTop envoy to US tapped as new national security advisor
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