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Finance

Tue, November 24, 2020 | 06:37

New regulation adds confusion to loan market

New regulation adds confusion to loan market

The nation's loan market is in a growing state of confusion, with more and more people rushing to borrow from banks ahead of the government's planned introduction of toughened debt-service-ratio regulations.

2020-11-20 16:32

Winners of 16th Economic Essay Contest announced

Winners of 16th Economic Essay Contest announced

The Korea Times is pleased to announce the winners of its 16th English Economic Essay Contest for university students written on one of two subjects: “Should Korea embrace more immigration to ensure sustainable growth?” or, “Do you think Korea should designate English as a second official language?”

2020-11-19 16:54

Land minister apologizes over rental home shortage

Land minister apologizes over rental home shortage

Minister of Land, Infrastructure and Transport Kim Hyun-mee issued a public apology Thursday for the increasing shortage of rental housing here amid prolonged instability in the leasing market.

2020-11-19 16:50

Seoul to supply more public homes to tackle rental home shortage

Seoul to supply more public homes to tackle rental home shortage

South Korea will supply 114,000 public 'jeonse' houses by 2022 to help tackle a shortage of the two-year contract-based rental homes, the transport ministry said Thursday. The government plans to purchase existing homes to convert them into public jeonse houses mainly for the underprivileged who have difficulties in finding such homes, as higher demand has pushed up jeonse pr...

2020-11-19 09:31

Will bitcoin's 2017 rally revive in 2020?

Will bitcoin's 2017 rally revive in 2020?

Will 2020 end as another historic year for bitcoin? Many investors and market watchers are asking this question, looking at the cryptocurrency's remarkable upward move that's been continuing for the past three months.

Anna J. Park | 2020-11-18 17:01

Bank of Korea criticizes Financial Services Commission's plan to 'steal authority'

Bank of Korea criticizes Financial Services Commission's plan to 'steal authority'

The Bank of Korea (BOK) is stepping up criticism of a plan by the Financial Services Commission (FSC) to “usurp the authority” of the central bank in the area of payment settlements.

2020-11-18 16:56

Shinhan, KB in dilemma over dividend payments

Shinhan, KB in dilemma over dividend payments

Major financial groups are weighing up whether to boost shareholder value after making record profits in this year's third quarter. But authorities have warned the groups against the move amid uncertainties due to COVID-19.

2020-11-18 16:31

Citibank Korea leads efforts to respond to climate change

Citibank Korea leads efforts to respond to climate change

Citibank Korea signed a sponsorship agreement with World Wide Fund for Nature (WWF) Korea for “Change Now for Tomorrow” - a climate-action partnership - while the Citi Foundation donated $250,000 (280 million won), the bank said Wednesday.

2020-11-18 15:52

Samsung Electronics' stock gets bullish with strengthened won

Samsung Electronics' stock gets bullish with strengthened won

Samsung Electronics' stock price has been on a strong upward trend this month, after foreign investors turned to net buying. As of Wednesday, the company's share price has increased by 12.8 percent this month alone, reaching a new record high of 66,300 won on Nov. 16. With the strong gains, Samsung Electronics' market cap reached 386.84 trillion won, Wednesday.

Anna J. Park | 2020-11-18 09:42

Big companies' investments gain 10% despite weaker sales

Big companies' investments gain 10% despite weaker sales

Capital spending by large South Korean firms rose more than 10 percent in the first nine months of the year despite lower sales due to the coronavirus pandemic, data showed Wednesday. Combined investments by 362 big businesses in Asia's fourth-largest economy came to 63.2 trillion won (US$57.1 billion) in the January-September period, up 10.3 percent from a year earlier, acco...

2020-11-18 09:30

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