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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Wed, March 22, 2023 | 06:37

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

Korea suffers lowest job growth in two years amid population decline

Korea suffers lowest job growth in two years amid population decline

Korea added the lowest number of new jobs in two years in February, when the number of newly hired people aged below 60 fell by more than 100,000 from the month before in the face of a rapid population decline. Statistics Korea announced, Wednesday, the number of employed people amounted to 27.71 million last month, up 312,000 from a year earlier.

Yi Whan-woo | 2023-03-15 15:44

Money supply down for 1st time in nearly decade in January: BOK

Money supply down for 1st time in nearly decade in January: BOK

Korea's money supply decreased for the first time in nearly 10 years in January, largely due to aggressive monetary tightening by the Bank of Korea (BOK), central bank data showed Wednesday.

2023-03-15 14:17

FSS chief flatly denies rumors about running for election

FSS chief flatly denies rumors about running for election

Financial Supervisory Service (FSS) Governor Lee Bok-hyun has flatly denied the long-standing rumor that he will run in the upcoming election, according to officials from the FSS. Lee reportedly stated in a closed meeting, held on Tuesday that he believes that "The FSS is an organization as important as the prosecution” and that he will “stick with the FSS like a leech and wo...

Lee Yeon-woo | 2023-03-15 14:02

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Top 10 Stories

1	Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys'

2	Japanese students' field trips to Korea resume after pandemic hiatus

3	President Yoon refutes criticism of fence-mending summit with Japan

4	Kakao criticized for half-baked AI chatbot

5	Apple Pay service starts in Korea

6	Osstem Implant to invite 1,500 dentists from 22 countries for training

7	Lotte desperate to win LVMH Chairman Arnault's heart

8	Busan to have alternate no-driving days during Expo inspection

9	LVMH allegedly joins takeover bid to acquire Missha

10	US report voices concerns over S. Korea's press freedom

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