KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Sat, December 9, 2023 | 03:34

KB Financial hosts HUB Day to foster startups

KB Financial hosts HUB Day to foster startups

KB Financial Group held its 2023 HUB Day event to foster strong local startups and provide them with growth opportunities backed by stable financing and business development guidance, the group said Wednesday.

2023-12-06 17:15

YG Entertainment's stock price soars over renewed contract with BLACKPINK

YG Entertainment's stock price soars over renewed contract with BLACKPINK

Ending a months-long downward trend, the stock price of YG Entertainment soared again by 25.63 percent in a single trading session on Wednesday over the firm's success in renewing its contract with BLACKPINK.

2023-12-06 16:48

Uncertainty lingers despite BLACKPINK's contract renewal

Real estate project financing poses biggest risk to Korean economy in 2024: S&P, NICE

Real estate project financing poses biggest risk to Korean economy in 2024: S&P, NICE

Looming threats from both domestic and global real estate project financing are expected to be the greatest challenges facing the Korean economy next year, experts from credit rating agencies S&P Global Ratings and NICE Investors Service said Wednesday.

2023-12-06 16:48

Real estate risks set to hit brokerages in 1st half of next year

Real estate risks set to hit brokerages in 1st half of next year

Fears are mounting of poor growth for local brokerages, fueled by a combined 12 trillion won ($9.1 billion) in project financing risk exposure certain to wipe out bridge loan-tied credit before next June, according to market watchers, Wednesday. A bridge loan is a high-risk, high-interest loan operated mostly by securities firms and savings banks for the short term.

2023-12-06 16:39

Corporate loan growth accelerates for 2nd straight quarter in Q3

Corporate loan growth accelerates for 2nd straight quarter in Q3

Corporate loan growth in Korea picked up for the second straight quarter in the third quarter from three months earlier, central bank data showed Wednesday, as companies favored loans over debt sales amid high market rates.

2023-12-06 15:15

Korea to double state urea inventory, release reserves over China's export halt

Korea to double state urea inventory, release reserves over China's export halt

Korea decided to double the state inventory of urea for diesel vehicles to 12,000 tons and to release the current government reserves amid concerns over another urea supply crisis following China's recent export halt, the finance ministry said Wednesday.

2023-12-06 15:15

[INTERVIEW] Korea has great opportunity to lead green transition

INTERVIEWKorea has great opportunity to lead green transition

Deloitte globally launched GreenSpace Tech, a climate technology ecosystem initiative, in January this year, aiming to facilitate decarbonization and sustainability through its extensive global network of climate technology specialists and innovators. Since its launch, it is now operating in 23 countries, including the U.S., U.K., Australia and Korea, providing robust solutio...

2023-12-06 08:28

Korea, Britain finance chiefs discuss economic dialogue, investment ties

Korea, Britain finance chiefs discuss economic dialogue, investment ties

The finance ministers of Korea and Britain on Tuesday discussed the establishment of a bilateral economic dialogue and investment cooperation channels as follow-up measures to last month's summit of their leaders, Seoul's finance ministry said.

2023-12-05 21:01

Financial authority puts 5-month suspension on NH Futures' foreign exchange operations

Financial authority puts 5-month suspension on NH Futures' foreign exchange operations

The Financial Services Commission (FSC), the country's top financial regulator, has confirmed a suspension of business for NH Futures' foreign exchange operations for just over five months, starting this week.

2023-12-05 16:55

MBK seeks to overhaul Hankook & Company's governance through 20.35% stake purchase

MBK seeks to overhaul Hankook & Company's governance through 20.35% stake purchase

MBK Partners launched a public tender offer for public shares of Hankook & Company, the holding company of Hankook Tire & Technology, Tuesday, looking to enhance its corporate governance structure.

2023-12-05 16:47

Hankook Tire mired in sibling feud again

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