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Finance

Tue, October 26, 2021 | 17:05

Dollar set to continue rally against won

The U.S. dollar will continue gaining ground against the Korean won until the end of the year amid persisting external financial uncertainties, especially a top Chinese real estate developer's default risk and imminent signs of U.S. tapering, analysts said Sunday.

Lee Min-hyung | 2021-10-17 16:50

Strategic alliance

Avatars of officials of Shinhan Bank, Shinhan Capital and software developer Galaxy Corp. pose for a photo on the metaverse, a virtual platform, after signing a memorandum of understanding on a strategic business alliance to enhance their brand value among the younger generations, Oct. 14. Courtesy of Shinhan Bank

Lee Kyung-min | 2021-10-17 16:04

Cigna faces backlash for selling LINA to Chubb

Cigna is facing intensifying protest from LINA Korea's executives and employees for its recent decision to sell the life insurer to Chubb, which has Ace Insurance and Chubb Life Korea as its Korean operations.

Park Jae-hyuk | 2021-10-16 09:30

Finance minister joins gov't efforts to voice concerns over US pressure on Samsung

Finance Minister Hong Nam-ki joined a recent series of government actions to voice concerns about the U.S. government's move to pressure Samsung Electronics to provide sensitive information about its supply chain.

Anna J. Park | 2021-10-15 17:36

KDB grilled over validity of selling DSME, Daewoo E&C, Asiana

Lawmakers peppered Korea Development Bank (KDB) Chairman Lee Dong-gull with questions about the validity of the state-run lender's ongoing attempts to dispose of financially vulnerable companies in key industries. During the National Assembly audit of the bank, Friday, Rep. Park Yong-jin of the ruling Democratic Party of Korea (DPK) suggested KDB consider alternatives to its ...

Park Jae-hyuk | 2021-10-15 16:11

Hefty Q3 profits forecast for major banks

Major Korean banks are expected to log solid profits for the third quarter, due mainly to an increase in loans amid rising interest rates.

Anna J. Park | 2021-10-15 15:58

BOK continues to normalize monetary policy to ease 'financial imbalances'

The Bank of Korea will continue adjusting its accommodative monetary policy and determine the timing of another rate hike in a way that could ease "financial imbalances" caused in part by rising household debt, Gov. Lee Ju-yeol said Friday.

2021-10-15 14:27

Korea faces continued economic uncertainty: finance ministry

The South Korean economy is facing continued uncertainty as slumps in person-to-person service sectors have extended amid the latest spike in COVID-19 cases, the finance ministry said Friday.

2021-10-15 14:21

Korea to resume discount coupon program to spur spending

South Korea plans to resume discount coupon programs aimed at boosting private spending as the country is preparing to move into a phase of "living with COVID-19" in early November, a senior government official said Friday.

2021-10-15 11:08

Pan Ocean eyes stake in Woori Financial Group

Pan Ocean, the bulk carrier arm of Harim Group, is seeking to acquire up to a 10 percent stake in Woori Financial Group, industry sources said Thursday.

Yi Whan-woo | 2021-10-14 16:42

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