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Fri, June 22, 2018 | 10:42

Economy > Finance >

Insurers' financial status worsens

The financial health of South Korean insurance companies deteriorated in the fourth quarter of last year, as the rise in interest rates and dividend payouts reduced their available capital, the financial watchdog said Thursday. The risk-based capital (RBC) ratio of 56 life and non-life insurers averaged 257.8 percent in the October-December period, down 6.3 percentage points ...

Finance | 2018-04-19 14:03

[Reporter's note] Written apology won't help recover market trust

Writing a letter of apology is a traditional disciplinary method often used in kindergarten or elementary school-level education. Even middle or high school students do not write letters of apology for their misbehavior these days.

Finance | 2018-04-17 18:32

Current head leads race for top seat at NH Financial Group

The Nonghyup Financial Group (NH) CEO search has been narrowed down to two candidates from the original three. The frontrunners are current CEO Kim Yong-hwan and former Korea Financial Intelligence Unit (FIU) head Kim Gwang-soo.

Finance | 2018-04-17 16:54

CBRE to ride over sluggish office market

CBRE Korea, the local unit of the U.S. real estate consulting and management firm, has vowed to tide over the increasingly sluggish commercial property market amid the rising number of new office buildings, according to the company CEO. In an interview with The Korea Times, CBRE Korea Managing Director Darren Krakowiak said the firm will make money despite increasingly unfavo...

Finance | 2018-04-15 17:58

'Samsung fiasco is credit negative'

Moody's Investors Service said Sunday it may cut its rating for Samsung Securities because of the fallout from the “fat-finger scandal,” a combination of human error and inadequate internal checks. This would greatly affect investors.

Finance | 2018-04-15 17:08

Syria risk to hit airlines while benefiting shipbuilders

Amid increasing volatility in the stock market stemming from growing geopolitical tension around Syria, analysts cite airlines as the biggest victim of rising oil prices while oil refiners, shipbuilders and stocks focusing on the domestic market will fare relatively well.

Finance | 2018-04-15 16:26

What does US strike on Syria mean for North Korea?

Banks' obsession with SE Asia could spell trouble

The nation's major banks have done their utmost to land in Southeast Asia as a means to diversify their earnings portfolios, but experts point out their obsession with the region may cause problems of big frogs in a small pond.

Finance | 2018-04-12 19:27

IBK receives license to operate in Cambodia

The Industrial Bank of Korea (IBK) will establish an overseas branch in Phnom Penh, Cambodia, the lender announced Thursday. IBK said its Phnom Penh office obtained a commercial bank license from the National Bank of Cambodia. With the acquisition, IBK became the third Korean bank to be granted an official license for establishing a branch in Cambodia.

Finance | 2018-04-12 19:25

Did MBK get what it wanted from ING deal?

Did MBK Partners get what it wanted from ING Life Korea deal? There's no answer for this question for the time being, as MBK, one of Asia's top private equity funds (PEFs), is apparently taking tit-for-tat steps to sell its stake in ING Life Korea to Shinhan Financial Group. MBK's perspective regarding the ING Life issue is simple. Given the nature of the business MBK is invo...

Finance | 2018-04-11 16:52

Hanwha Group heir invited to Xi' session at Boao Forum

Hanwha Group said Wednesday its heir Kim Dong-won was invited to a leaders' talk session held by Chinese President Xi Jinping at the Boao Forum. According to the group, Kim, chief innovation officer of Hanwha Life, and Hanwha Chairman Kim Seung-youn's second son, is attending the Boao Forum for Asia, known as Asia's Davos Forum, which began on Sunday in Hainan, China, and wil...

Finance | 2018-04-11 15:51

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