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Finance

Tue, September 28, 2021 | 23:14

Exports rise 31% in first 10 days of September

South Korea's exports rose 30.7 percent on-year in the first 10 days of September on the back of robust demand for petroleum products and autos, customs data showed Monday.

2021-09-13 09:21

FSS in dilemma over court ruling favoring Woori CEO

Market watchers are closely paying attention to whether the Financial Supervisory Service (FSS) will decide to file an appeal with a higher court regarding a lower court trial result that annulled the punishment it imposed on Woori Financial Group CEO Son Tae-seung over the improper selling of high-risk derivative-linked funds (DLFs).

Anna J. Park | 2021-09-12 16:31

Kakao Mobility faces delay in IPO process

Kakao Mobility abruptly delayed the selection of an underwriter for its listing on the benchmark KOSPI market next year, amid growing concerns over the government's intensifying regulations on Kakao's overall businesses.

Park Jae-hyuk | 2021-09-12 16:26

Foreign hedge funds pose little threat to Hanssem, SK

Recent shareholder actions taken by foreign hedge funds against SK Chemicals and Hanssem are expected to have a limited impact on the market, considering domestic laws and responses by other investors.

Park Jae-hyuk | 2021-09-12 15:55

Korean firms' interim dividends surge to record high

South Korean listed companies' half-year dividends surged to a record high this year as their businesses posted strong performance, market data showed Sunday.

2021-09-12 12:29

FSC to look into insolvency risks before extending pandemic loan benefits

Financial Services Commission (FSC) Chairman Koh Seung-beom pledged Friday to consider “possible risk factors” before deciding to extend special loan benefits to self-employed and small business owners directly affected by the pandemic. The decision came during a meeting with the leaders of the nation's major financial firms.

Lee Min-hyung | 2021-09-10 16:49

Delta variant leads to protracted tightening of private consumption

Tightened private spending sparked by an increase in COVID-19 infections by the Delta variant is expected to continue throughout the latter half of the year, adding pressure on the Bank of Korea to refrain from a further key rate hike.

Lee Kyung-min | 2021-09-10 16:16

Finance ministry calls for overhaul of educational subsidies

The Ministry of Strategy and Finance said a program offering educational subsidies should be revised to reduce revenue from taxes allocated to local governments, since the number of students in Korea is on a rapid decline due to the country's persistently-low birthrate.

Lee Kyung-min | 2021-09-10 16:14

Financial stocks to bounce back on KakaoBank's inclusion in bank index

Bank stocks will regain momentum for an additional rally by the end of 2021 after KakaoBank's inclusion in the KOSPI 200 Financials Index, Friday, according to industry watchers.

Lee Min-hyung | 2021-09-10 15:50

Woori Financial's privatization feasible by end of 2021

Woori Financial Group is expected to be fully privatized no later than the end of 2021, after two decades of “public ownership,” if the government acquires a buyer for its remaining 10-percent stake in the bank holding company.

Lee Min-hyung | 2021-09-10 08:49

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