KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Sat, December 9, 2023 | 04:02

KB Financial Group seeks extended term of banking unit CEO

KB Financial Group seeks extended term of banking unit CEO

KB Financial Group recommended extending the term of KB Kookmin Bank CEO Lee Jae-keun, the lender said Friday.

2023-12-01 17:10

New bank federation leader urges lenders to seek mutual growth

New bank federation leader urges lenders to seek mutual growth

The newly-appointed leader of the Korea Federation of Banks (KFB), Cho Yong-byoung, urged lenders to develop mutual growth plans that meet not only their objectives, but the public's expectations as well. He also asked the banking industry to reflect on whether they have fulfilled their social responsibilities.

2023-12-01 17:02

Crackdown on illegal short selling takes priority over MSCI listing: FSC vice chair

Crackdown on illegal short selling takes priority over MSCI listing: FSC vice chair

Eliminating illegal short selling is a far more pressing task than the country making the Morgan Stanley Capital International (MSCI) World list, a benchmark for global stock market funds, the country’s financial regulator said, Friday.

2023-12-01 16:42

Korea, Japan clinch $10 bil. currency swap deal

Korea, Japan clinch $10 bil. currency swap deal

Korea and Japan clinched a $10 billion currency swap deal Friday, eight years after the former deal ended, amid signs of a thaw in their relations.

2023-12-01 16:35

Institutions' foreign securities holdings down in Q3

Institutions' foreign securities holdings down in Q3

Korean institutions' investment in foreign securities fell in the third quarter of the year due to a slump in the value of overseas stocks, bonds and a rise in interest rates in major markets, central bank data showed Friday.

2023-12-01 15:24

Short-selling ban meant for fairness, market upgrade: regulator

Short-selling ban meant for fairness, market upgrade: regulator

Korea's financial regulator said Friday that its recent measures to ban stock short selling are aimed at boosting fairness and upgrading the market system.

2023-12-01 13:30

Korea's exports rise for 2nd straight month in November on rising chip sales

Korea's exports rise for 2nd straight month in November on rising chip sales

Korea's exports increased for the second consecutive month in November on the back of growing demand for semiconductors, data showed Friday.

2023-12-01 10:01

KOSPI predicted to reach 2,700-2,830 range in 2024

KOSPI predicted to reach 2,700-2,830 range in 2024

Foreign investment banks predict that Korea's benchmark KOSPI will rise from 2,700 to 2,830 next year.

2023-11-30 16:39

Bank of Korea lowers 2024 growth outlook to 2.1 percent

Bank of Korea lowers 2024 growth outlook to 2.1 percent

The Bank of Korea (BOK) lowered its 2024 economic growth outlook for Korea to 2.1 percent, Thursday, down from a forecast of 2.2 percent made in August, citing weakening consumption and restrictive monetary policies at home and abroad. This year’s growth projection of 1.4 percent was left unrevised.

2023-11-30 16:38

Korea to beef up monitoring on crypto market

Korea to beef up monitoring on crypto market

Efforts to enhance clarity in the Korean virtual asset market are emerging, as both the government and the National Assembly have actively announced their plans to intensify crypto monitoring.

2023-11-30 16:37

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