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Wed, July 18, 2018 | 02:10

Economy > Finance >

'Inter-Korean shares' face murky outlook

Stocks related to inter-Korean economic cooperation are fluctuating, as the outlook on the peaceful reconciliation with North Korea is turning uncertain. It adds to the concern of small investors who purchased those shares on credit.

Finance | 2018-05-22 17:04

Woori Bank to turn into holding company

Woori Bank is set to propel its plan to turn itself into a holding company in a bid to stretch its businesses into non-banking activities such as real estate and asset management.

Finance | 2018-05-21 17:30

Koreans showing little interest in 2018 World Cup

The 2018 World Cup is nearing, but businesses in Korea seem uninterested in what could be a major marketing opportunity. Local issues such as the inter-Korean summit and the elections have stolen the spotlight from the sporting event while football fans don't expect much from the national squad, analysts point out.

Finance | 2018-05-21 16:57

Korea struggling to nurture investment banks

Although efforts by top-tier securities firms to move to investment banking (IB) have awakened support from Korea's top financial regulators, the question remains how will they supply IB services.

Finance | 2018-05-21 16:49

'Korea should do more to foster blockchain tech'

The nation's cryptocurrency fever has been eased following a series of government announcements planning to regulate the market since late January. The world's most widely traded cryptocurrency, bitcoin, which once peaked at over 25 million won ($232,666) per coin, plunged to below 8 million won in February amid growing fears that the bubble could burst anytime.

Finance | 2018-05-20 16:43

Banks expand presence in Vietnam

Major lenders are accelerating their expansion in Vietnam, which is considered to be their next overseas cash cow. Vietnam has enjoyed 6 percent economic growth in recent years and more than 6,500 Korean firms have already entered the country.

Finance | 2018-05-20 16:35

Financial watchdogs to take steps to detect overseas wealth concealment

South Korea's financial regulators said Sunday they will strengthen efforts to ferret out the illegal transfer and concealment of wealth abroad.

Finance | 2018-05-20 11:46

Banks brace for FSS inspection

Local banks are preparing for a routine inspection by the financial regulator, which may be tougher than usual.

Finance | 2018-05-18 16:55

Banks' entry heats up auto loan market

Major lenders are rushing into the car loan business as it has grown into a 60 trillion won ($55.5 billion) market in Korea. Not only major banks but also credit card companies are now eyeing the market that has shown more than 10 percent growth in recent years.

Finance | 2018-05-17 16:29

Senior bank workers uneasy about new hires

Fears are mounting among branch managers and other senior employees at top banks over possible layoffs as lenders are moving to hire a large number of new workers in the coming months.

Finance | 2018-05-17 16:29

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