Italian luger wins men's singles title at PyeongChang World Cup

The Korea Herald > Business > Finance

[STOCK PREVIEW] Seoul shares forecast to face downward pressure this week

South Korean shares are expected to come under pressure next week as lingering concerns over US President Donald Trump’s policies, coupled with increased currency volatility, may continue to sap market sentiment, analysts said Saturday.The benchmark Korea Composite Stock Price Index close...

Updated : 2017.02.19 17:16

Foreign investors pocket hefty dividends from Korean firms

Foreign investors have received almost 15 trillion won ($13 billion) in dividends from South Korea’ top 10 conglomerates over the past three years on the back of shareholder-friendly policies, industry data showed Sunday.According to the data compiled by industry tracker Chaebul.com, Sams...

Updated : 2017.02.19 17:16

KB Kookmin Bank signs MOU with Myanmar's govt. and state-run bank

KB Kookmin Bank, a major South Korean bank, has signed a memorandum of understanding with Myanmar's Construction Ministry and its state-run Construction and Housing Development Bank, KB Financial Grou...

Updated : 2017.02.17 16:14

Futures firms, brokerages sharply down due to tepid derivatives market

South Korean futures firms and brokerage houses have declined sharply in the recent seven years due to a deep slump in the local derivatives market, industry data showed Friday.The number of futures f...

Updated : 2017.02.17 09:26

Investment to and from Cayman Islands on the rise

The Cayman Islands may be little known to ordinary Koreans, but inward and outward investments between South Korea and the British overseas territory located in the western Caribbean Sea have been on ...

Updated : 2017.02.16 18:41

Banks' foreign currency deposits up 9.7% in January

Foreign currency deposits held by banks operating in South Korea rose 9.7 percent in January from a month earlier as exporters increased their US dollar deposits, central bank data showed Thursday.Out...

Updated : 2017.02.16 12:32

Korea sends letter of protest to FT over report on currency manipulators

The South Korean government has sent a letter of protest to international daily newspaper Financial Times over its recent news report that Seoul has intentionally devalued its currency, a government o...

Updated : 2017.02.16 09:50

KB Financial Group opens 3rd branch in Cambodia

KB Financial Group said Wednesday it has opened a third bank branch in Cambodia in the latest move to strengthen its business in the Southeast Asian country.The opening of the KB Kookmin Bank branch e...

Updated : 2017.02.15 17:53

Job data reflects manufacturing, youth frustration

South Korea’s jobless rate inched up in January, as job conditions in the manufacturing sector continued to deteriorate and more young people stopped looking for work, government data showed Wednesda...

Updated : 2017.02.15 17:52

Stock market left unperturbed by the assassination of Kim Jong-nam

The assassination of North Korean leader Kim Jong-un’s half-brother, Kim Jong-nam, is likely to have a minimal impact on the South Korean stock market.Lee Kyung-min, a researcher working for Daishin ...

Updated : 2017.02.15 17:14

Household debt up 12% last year

South Korea's household loans jumped 12 percent last year from a year earlier as people borrowed more from financial institutions to buy homes and invest in businesses, the central bank said Wednesday...

Updated : 2017.02.15 16:13

1 out of 4 employees in financial sector earn more than W100m

One out of four employees in South Korea's financial sector earned more than 100 million won ($87,000) last year, a report showed Wednesday.The report submitted to the Financial Services Commission by...

Updated : 2017.02.15 09:58

IBK’s net profit inches up on SME loans

The Industrial Bank of Korea, which focuses on corporate lending for small and medium sized companies, said its net profit slightly rose 1.2 percent on-year to 1.16 trillion won in 2016, mainly due to...

Updated : 2017.02.14 17:55

Watchdog says dormant financial assets reach W4.38tr

South Korea's financial watchdog said Tuesday that the total amount of dormant financial assets reached 4.38 trillion won ($3.8 billion) last year as customers forgot to withdraw their deposits or red...

Updated : 2017.02.14 17:12

State-backed firm to help improve Hyundai Merchant's financial status

A state-backed ship financing firm will buy stocks and debts to be sold by Hyundai Merchant Co., a major shipping firm here, as part of efforts to help jack up its financial status, a senior financial...

Updated : 2017.02.14 17:10