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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Sat, April 1, 2023 | 01:17

Toss Bank suffers losses in 2022 on increased loan-loss reserves

Toss Bank suffers losses in 2022 on increased loan-loss reserves

Toss Bank, the country's third internet-only banking firm, said Friday it suffered a loss last year due to increased loan-loss reserves.

2023-03-31 16:49

Korea to sell $3.08 bil. in Treasury bills in April

Korea to sell $3.08 bil. in Treasury bills in April

Korea plans to sell 4 trillion won ($3.08 billion) worth of Treasury bills next month to fund fiscal spending, the finance ministry said Friday.

2023-03-31 16:05

Regulators urge financial groups to minimize interest rate hikes

Regulators urge financial groups to minimize interest rate hikes

Financial authorities have called on major financial group leaders to shield borrowers from the impact of interest rate hikes, urging the companies themselves to absorb the rising costs from global interest rate increases as much as possible. The message came during a meeting between the financial authorities and chiefs of the country's five major financial groups in central ...

Anna J. Park | 2023-03-31 15:35

Mirae Asset, SK Telecom team up for security token business

Mirae Asset, SK Telecom team up for security token business

Mirae Asset Securities, the nation's No. 1 securities firm, has teamed up with SK Telecom to initiate business in security tokens. A form of cryptocurrency, security tokens can represent fractions of real-world assets such as real estate or equity. The firm said it signed a memorandum of understanding (MOU) with SK Telecom, the nation's largest wireless carrier, in late March...

Yi Whan-woo | 2023-03-31 15:13

Euromoney recognizes Hana as best Korean bank

Euromoney recognizes Hana as best Korean bank

Hana Bank has been recognized as Korea's best private bank by Euromoney, a U.K. magazine internationally known for offering information on business and finance, the bank said on Friday. The 2023 honor means that Hana Bank has won the Best Private Bank in Korea category more times than any other bank. The company has won the category 16 times so far, with the first one coming ...

Yi Whan-woo | 2023-03-31 15:09

Korea fails to join FTSE Russell's global bond index

Korea fails to join FTSE Russell's global bond index

Korea has failed to be added to the World Government Bond Index (WGBI) run by FTSE Russell, missing market expectations of its early inclusion.

2023-03-31 10:09

Chips production sinks 17% in Feb. despite overall industrial output gains

Chips production sinks 17% in Feb. despite overall industrial output gains

Korea's semiconductor output sank 17.1 percent on-month in February, the sharpest decline in more than 14 years, though the country reported gains in the overall industrial production, private spending and facility investment for the first time in over a year, data showed Friday.

2023-03-31 09:33

[CONTRIBUTION] Inflation fighter Fed's dilemma

CONTRIBUTIONInflation fighter Fed's dilemma

Financial crises come unexpectedly. They spread quickly like dominoes, starting with weak links and resulting in the paralysis of the financial system in an instant. The 2008 global financial crisis began with the subprime mortgage crisis and led to a chain of bankruptcies of world-class investment banks, including Lehman Brothers.

2023-03-31 08:28

4 candidates nominated for Woori Bank CEO post

4 candidates nominated for Woori Bank CEO post

After Woori Financial Group swore in Yim Jong-ryong as its new chairman last week, attention is now focused on who will lead Woori Bank. The leading post at the banking subsidiary of Woori Financial Group has been empty for nearly a month, following the sudden resignation of former Woori Bank CEO Lee Won-duk early this month.

Anna J. Park | 2023-03-30 16:33

M&A consulting becomes largest source of profit in local financial advisory market

M&A consulting becomes largest source of profit in local financial advisory market

The size of the M&A advisory market has been growing fast in Korea during the past few years, taking up the largest proportion of annual financial consulting services in the country. The weight of corporate bond offerings, which used to be a key source of profit for the local investment banking (IB) sector until just a few years ago, has been visibly decreasing.

Anna J. Park | 2023-03-30 16:14

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