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Finance

Tue, October 26, 2021 | 16:42

Financial watchdog vows to tighten controls on Naver, Kakao

Financial Supervisory Service (FSS) Governor Jeong Eun-bo expressed his intention to impose tougher regulations on Naver, Kakao and other large tech firms in the financial sector, Thursday, in line with the government's ongoing attempts to tighten controls on the country's online platform operators.

Park Jae-hyuk | 2021-10-07 16:41

Korea issues $1.3 bil in forex bonds at record-low spread

Korea has issued $1.3 billion (1.5 trillion won) in dual-tranche dollar- and euro-denominated bonds at a record-low spread, lifted by a high assessment of the Korean economy by overseas investors, the finance ministry said Thursday. The dollar bond sale was four times greater than the initial purchase order, while the euro bond sale was six times greater. Among the buyers wer...

Lee Kyung-min | 2021-10-07 16:32

Lawmaker questions validity of M&A deals by PEFs

A lawmaker has urged the government to strengthen its supervision of local private equity firms (PEF) pushing to sell off Korean tech firms to overseas rivals, amid concerns over possible technology outflow.

Lee Min-hyung | 2021-10-07 15:41

Lina Korea extends term of 1st female CEO

Lina Korea has extended the term of CEO Cho Jee-eun for another year until the end of 2022, the insurer's CEO recommendation committee said Thursday. “We will reappoint her as our CEO in recognition of her management achievement demonstrated by stable organizational operation despite the pandemic-induced difficult market environment,” the committee said.

Lee Min-hyung | 2021-10-07 14:55

Korean economy faces growing downside risks: KDI

The South Korean economy is facing increasing downside risks as the uptick in COVID-19 cases is delaying the recovery of private spending amid heightened uncertainty about the global economic recovery, a state-run think tank said Thursday.

2021-10-07 13:47

Eximbank supports SK's battery business in Poland

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, second from left, cuts a ribbon with Poland's Deputy Minister of Economic Development, Labor and Technology Grzegorz Piechowiak, center, SKIET CEO Rho Jae-sok, fourth from right, and other participants, during a ceremony to celebrate the completion of SKIET's battery separator plant construction in Katowice, Poland, We...

Park Jae-hyuk | 2021-10-07 12:10

Korea sells $1.3 billion of foreign exchange stabilization bonds

South Korea said Thursday it has successfully sold about $1.3 billion worth of foreign exchange stabilization bonds.

2021-10-07 10:11

Korea logs current account surplus for 16th month in August

South Korea posted a current account surplus for the 16th straight month in August as exports remained robust and revenue from cargo shipping rose amid the global economic recovery, the central bank said Thursday.

2021-10-07 09:58

Seoul stocks skid for 3rd day to this year's low

Korean stocks fell nearly 2 percent Wednesday, while the Korean won fell to a 14-month low against the U.S. dollar amid ongoing investor concerns over the debt crises of Chinese property developers and the impasse in the U.S. Congress on raising the debt limit.

2021-10-06 20:33

Korean financial firms suffer limited impact from Evergrande shock

Financial firms and institutional investors here appear to be exposed to minimal risk amid Evergrande's debt crisis, even as few of them turned out to have made direct investments into the Chinese real estate developer, data showed Wednesday.

Lee Min-hyung | 2021-10-06 16:32

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