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Finance

Tue, November 24, 2020 | 07:12

Shinhan declares 'zero carbon' drive

Shinhan declares 'zero carbon' drive

Shinhan Financial Group has declared its vision to go carbon-neutral by 2050, the first such move by a financial services firm in Southeast Asia, according to the group, Sunday.

Lee Kyung-min | 2020-11-15 17:02

KDB's support for Hanjin boss to reignite family feud

KDB's support for Hanjin boss to reignite family feud

With the Korea Development Bank (KDB) pushing for Korean Air to acquire Asiana Airlines, the high-stakes deal will “definitely reignite” a years-long family feud among family members of the Hanjin Group, the airline's parent company.

Lee Min-hyung | 2020-11-15 16:52

Japanese PM eyeing short-term achievements: Bank of Korea

Japanese PM eyeing short-term achievements: Bank of Korea

As new Japanese Prime Minister Yoshihide Suga will only be serving out the remainder of former prime Minister Shinzo Abe's term, he is expected to pursue policies that only achieve short-term goals, the Bank of Korea (BOK) said Sunday.

Kim Yoo-chul | 2020-11-15 16:39

Finance minister calls for trade multilateralism, support for debt-ridden economies

Finance minister calls for trade multilateralism, support for debt-ridden economies

Finance Minister Hong Nam-ki highlighted the need to promote free trade under multilateral regimes, while expressing support for assistance to debt-ridden developing economies during a G-20 meeting, his ministry said Saturday.

2020-11-14 11:24

Rules tightened to curb rising household debt

Rules tightened to curb rising household debt

Amid growing concerns that rising household debt could pose a serious risk to a stable economic recovery, the nation's financial watchdog has come up with a set of measures to tighten rules regarding excessive lending to homeowners.

Anna J. Park | 2020-11-13 17:26

Korea's money supply grows at fast clip in September

Korea's money supply grows at fast clip in September

Korea's money supply continued to grow quickly in September as firms rushed to secure funds amid the coronavirus pandemic, central bank data showed Friday.

2020-11-13 17:16

Seoul stocks rebound on chip rally despite global virus resurgence

Seoul stocks rebound on chip rally despite global virus resurgence

Korean stocks closed at a nearly two-year high Friday on advances in chipmakers, backed by massive foreign buying amid the resurgence of the new coronavirus around the globe. The Korean won fell against the U.S. dollar.

2020-11-13 16:58

What will Toss' brokerage look like?

What will Toss' brokerage look like?

As Toss' brokerage unit nears its launch, attention is growing over its model and the services the brokerage will offer.

Kim Bo-eun | 2020-11-13 16:50

Financial watchdog's independence wins support

Financial watchdog's independence wins support

Financial Supervisory Service (FSS) Governor Yoon Suk-heun's long-awaited plan to separate the financial watchdog from the Financial Services Commission's (FSC) control will likely gain momentum because a National Assembly think tank has sided with him.

Park Jae-hyuk | 2020-11-13 15:00

KB Kookmin Bank CEO Hur to serve third consecutive term

KB Kookmin Bank CEO Hur to serve third consecutive term

KB Kookmin Bank's incumbent CEO Hur Yin has been re-elected to serve a third consecutive term as CEO until the end of next year, becoming the first to do so at the bank.

Kim Jae-heun | 2020-11-12 17:07

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