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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Fri, March 31, 2023 | 15:34

Credit Suisse fiasco may cause ripple effect for local markets: analysts

Credit Suisse fiasco may cause ripple effect for local markets: analysts

The risk of failure faced by Credit Suisse could see financial markets in Korea rattled due to an increase in fear over a possible global banking crisis prompted by the collapse of Silicon Valley Bank (SVB), according to analysts, Thursday.

Yi Whan-woo | 2023-03-16 16:53

FSS to inspect Yuanta, Hyundai Motor Securities, Hanwha Asset and NH-Amundi Asset

FSS to inspect Yuanta, Hyundai Motor Securities, Hanwha Asset and NH-Amundi Asset

The Financial Supervisory Service (FSS) has selected Yuanta Securities and Hyundai Motor Securities as brokerages for regular inspection this year. The FSS conducts inspections of financial firms once every several years, looking into overall business operations, structures and internal systemic issues.

Anna J. Park | 2023-03-16 16:27

International marriages hit 3-year high amid eased entry restrictions

International marriages hit 3-year high amid eased entry restrictions

The number of international marriages hit a three-year high in 2022, with the year-on-year growth rate ticking up 27.2 percent as travel restrictions for international arrivals were eased in Korea following the strict COVID-19 measures. Statistics Korea said Thursday that the number of marriages between Koreans and foreign nationals fell to 16,700 last year, down from 23,600 ...

Yi Whan-woo | 2023-03-16 16:18

Time to discuss initial exchange offering: Dunamu chief

Time to discuss initial exchange offering: Dunamu chief

Korea should start an in-depth discussion on the initial exchange offering (IEO) for the innovative growth of the digital asset industry here, Dunamu CEO Lee Sirgoo said Thursday.

Lee Min-hyung | 2023-03-16 16:18

FSC to strengthen capital buffer requirement on banks from Q2 or Q3 this year

FSC to strengthen capital buffer requirement on banks from Q2 or Q3 this year

Financial authorities aim to require banks to set aside an additional capital reserve called a “countercyclical capital buffer” (CCyB), on top of lenders' mandatory capital reserve buffers required for their banking business. This is to make the banking sector more accountable and adaptable to potential external liquidity threats.

Anna J. Park | 2023-03-16 15:47

[INTERVIEW] 'Growing default risk derails IPO plans'

INTERVIEW'Growing default risk derails IPO plans'

When South Korea's e-grocery delivery company Oasis Corp., decided to withdraw its much-anticipated initial public offering (IPO) because of a valuation mismatch between what the firm was seeking and what investors were willing to pay, the company said its second IPO attempt will come only after determining the optimal timing from a financial point of view.

Kim Yoo-chul | 2023-03-16 08:52

Real estate accounts for more than 80% of richest Koreans' wealth

Real estate accounts for more than 80% of richest Koreans' wealth

Real estate accounts for more than 80 percent of the wealth owned by Koreans who rank among the richest 1 percent in the country, according to data, Wednesday. Statistics Korea data showed the wealthiest 1 percent of households in terms of net worth owned 3.28 billion won worth of assets in 2022. The amount was up by 379 million won from a year earlier. Net worth refers to th...

Yi Whan-woo | 2023-03-16 08:22

Seoul mayor woos London firms for investment

Seoul mayor woos London firms for investment

Seoul Mayor Oh Se-hoon promoted Seoul and Korean startups at London Stock Exchange, Tuesday (local time), assuring high returns on investments. Oh is on a four-nation European trip that will also bring him to the cities of Dublin, Hamburg and Copenhagen.

Ko Dong-hwan | 2023-03-15 16:24

Daishin acquires controlling stake in Korean real estate securities exchange

Daishin acquires controlling stake in Korean real estate securities exchange

Daishin Financial Group has acquired a controlling stake in a Seoul-based real estate securities trading platform, as part of its first step for business expansion into security tokens transactions. The financial group claimed a 90-percent stake in Kasa and the latter's management right, Wednesday, with a view to generating synergy with its conventional financial businesses, ...

Lee Min-hyung | 2023-03-15 16:01

Financial regulators consider waiver on deposit insurance cap

Financial regulators consider waiver on deposit insurance cap

The country's financial regulator is considering the removal of a cap on deposits protected by the state-run deposit insurer after the abrupt collapse of Silicon Valley Bank (SVB) sent shockwaves throughout the global financial market

Lee Min-hyung | 2023-03-15 15:59

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