Park’s popularity rating rebounds over far-left party disbandment

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Listed firms’ debt ratio down in first 9 months

South Korean listed firms’ debt ratio fell in the first nine months of this year as their current assets grew faster than liabilities, data showed Monday. The average debt ratio for 609 of 700 companies listed on the Seoul main bourse came to 78.18 percent at the end of September, down 1....

Updated : 2014.12.22 21:21

Pension fund to pocket nearly W1tr in dividends

South Korea’s national pension fund is expected to receive at least 930 billion won ($847 million) in dividends this year from companies that it invests in, some of which are planning to jack up dividend payouts for the year, data showed on Monday.According to financial information provid...

Updated : 2014.12.22 21:20

NongHyup to focus on asset management

NongHyup Financial Group, the nation’s fourth-largest financial holding company by assets, has vowed to focus on asset management as its new growth engine. As part of these efforts, the group’s chai...

Updated : 2014.12.22 21:20

S. Korea's pension fund to pocket nearly 1tln won in dividends this year

South Korea's national pension fund is expected to receive at least 930 billion won (US$847 million) in dividends this year from companies that it invests in, some of which are planning to jack up dividend payouts for the year, data showed on Monday.According to financial information provi...

Updated : 2014.12.22 10:15

Financial regulator to soften regulation on fintech

The South Korean chief financial regulator said Sunday that he will remove hurdles to the fast-growing financial technology (fintech) and fully support the sector to refresh the country's long-sluggish financial industry."I will change the paradigm of regulation on fintech," Financial Serv...

Updated : 2014.12.21 13:50

Seoul shares up 1.71% as Samsung shines

South Korean stocks closed 1.71 percent higher Friday, snapping a four-session slump as Samsung Group affiliate shares rallied, analysts said. The local currency slipped against the U.S. dollar.The benchmark Korea Composite Stock Price Index soared 32.48 points to 1,929.98. Trading volume ...

Updated : 2014.12.19 21:36

Korean financial market relatively unaffected by Russian risk

South Korea’s financial market has been relatively insulated from global financial instability originating in Russia compared to other emerging countries, market data showed Thursday.The benchmark KOSPI dropped 3.9 percent in the first 16 days of December, placing South Korea 11th among 3...

Updated : 2014.12.18 21:01

Woori Bank forges close ties with local communities

Woori Bank employees deliver coal briquettes for fuel to low-income families in Nowon-gu, Seoul, last December. (Woori Bank)Woori Bank is forging closer partnerships with local community centers to mo...

Updated : 2014.12.18 20:59

Eximbank teams up with Australian export credit agency

The export credit agencies of South Korea and Australia recently signed a deal to reinforce their partnership and to support the overseas expansion of their countries’ companies. The Export-Import Ba...

Updated : 2014.12.18 20:58

S. Korean financial market relatively unaffected by Russian risk

South Korea's financial market has been relatively insulated from global financial instability originating in Russia compared to other emerging countries, market data showed Thursday.   The benchmark KOSPI dropped 3.9 percent in the first 16 days of December, placing South Korea 11th am...

Updated : 2014.12.18 10:30

KB Financial poised to reshuffle execs

KB Financial Group chairman and Kookmin Bank CEO Yoon Jong-gyoo is expected to carry out a major reshuffle prior to the financial regulator’s approval of the group’s LIG acquisition, industry source...

Updated : 2014.12.16 21:18

Data leaks top financial news in 2014

The Financial Consumer Agency, a leading local financial civic group, said massive customer information leaks from major credit card companies, involving over 100 million units of personal information...

Updated : 2014.12.16 21:05

Banks aim to cut household loan growth next year

South Korean lenders are expected to lower their household loan targets for next year as growing household debt is feared to heighten credit risks, industry sources said Tuesday.   Nonghyup Bank, which saw household debt grow 6.9 percent in the first 11 months of the year, set its targe...

Updated : 2014.12.16 13:45

[Graphic News] Bank loans per person continue to rise

The number of debtors and their loan balances from local banks are projected to hit record highs this year amid rising household debt, industry data indicated Monday.Some 10.5 million people took out ...

Updated : 2014.12.15 21:41

Korean won rises to fresh 2-week high against U.S. dollar

The South Korean won suffered a choppy session on Monday before advancing against the U.S. dollar.The local currency finished at 1,099.10 per dollar, up 4.0 won from the previous session’s close, moving in lockstep with the yen’s rise against the greenback. The closing price marks the hi...

Updated : 2014.12.15 20:49