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‘Growing debt at marginal households poses threat to economy’

The rapid growth in liabilities of so-called “marginal households” is posing threats to the South Korean economy and the government should come up with more measures to support them, said an opposit...

Updated : 2016.09.27 17:11

Capital firms' net jumps 25% on lower costs

Seventy three credit-specialized finance firms in South Korea, excluding credit card companies, saw their net profits jump more than 25 percent on-year in the first half of this year thanks to less loan loss costs and lower interest rates, official data showed Tuesday.Their aggregate net p...

Updated : 2016.09.27 10:44

[Kosdaq Star] InBody to benefit from aging, fare well globally

“Let’s InBody!” Names of some companies or products become verbs, if they become popular. InBody has become a new verb in the beauty and health care community, especially among young women who want...

Updated : 2016.09.26 15:38

Nomination of new KRX CEO stirs ‘parachute appointment’ controversy

The trade union of Korea Exchange, the operator of the country’s stock trading boards, is protesting the government’s nomination of a former senior official as the next CEO of their company, critici...

Updated : 2016.09.26 15:33

Import volume index sharply rises in August: BOK

South Korea's imports increased sharply in August in both quantity and value, led by the machinery and chemical sectors, the central bank data showed Monday.The import volume index jumped 7.5 percent to 124.58 in the month from a year earlier, marking the largest growth since late 2014, ac...

Updated : 2016.09.26 14:19

Bank holding firms' net plummets 16% on bad loans

South Korea's seven bank holding companies saw their net profits plunge more than 16 percent on-year in the first half of 2016 on increased expenses from bad loans, government data showed Monday.They reaped a total of 3.44 trillion won ($3.11 billion) on consolidated financial statements, ...

Updated : 2016.09.26 11:50

Nearly 2 trillion won of illegal transactions found through financial intelligence: report

The customs agency was able to discover 1.99 trillion won ($1.8 billion) in illegal transactions in 2015 based on tips from the Financial Intelligence Unit, a report submitted Monday to a parliamentary committee said.The FIU, established in November 2001 under the Financial Services Commis...

Updated : 2016.09.26 11:48

Prosecutors to reapply for warrant to arrest ex-KDB chief over bribery

Prosecutors said Sunday they plan to reapply for a warrant to arrest a former head of the state-run Korea Development Bank (KDB) facing bribery charges, a day after a Seoul court rejected the initial request.Prosecutors said they will seek to formally arrest Kang Man-soo on charges of brib...

Updated : 2016.09.25 21:17

Number of Chinese visitors falls after THAAD dispute

The number of Chinese tourists who visited South Korea in August decreased from the previous month, apparently due to political tension between the two countries over the deployment of a missile defen...

Updated : 2016.09.25 16:14

Bank workers strike against merit pay system

Unionized bank employees staged an industry-wide strike Friday to protest against a plan to introduce a performance-based salary system.Banking sources said fewer than expected bank workers took part ...

Updated : 2016.09.23 19:23

18 investors bid for Woori Bank stakes

A total of 18 institutional investors submitted letters of intent to buy splinter stakes in Woori Bank in preliminary bidding on Friday, boosting the chance of success of the government’s fifth atte...

Updated : 2016.09.23 18:23

Park attends ceremony to launch gov't-led finance agency

President Park Geun-hye on Friday attended a ceremony to launch a government-led institution handling micro-financing services in a show of resolve to pay greater attention to the underprivileged.Based on a law enacted in March, the Korea Inclusive Finance Agency was launched to serve as a...

Updated : 2016.09.23 13:33

Hanwha Life serves society’s marginalized through CSR

In carrying out corporate social responsibility programs, Hanwha Life Insurance sticks to this principle: It should serve marginalized individuals in society and cultivate a true spirit of caring amon...

Updated : 2016.09.22 16:54

Korean stock market shows ‘relief rally’ at US rate freeze

A sigh of relief was heard in the South Korean stock market on Thursday as investors here hold onto expectations that Korea could have another rate cut within the year after the US Federal Reserve dec...

Updated : 2016.09.22 16:45

KDB mulls 50 bln won in loan to Hanjin Shipping

The state-run Korea Development Bank, the main creditor of the cash-strapped Hanjin Shipping Co., is considering loaning some 50 billion won ($45.4 million) to help the ailing shipper unload its cargo, industry sources said Thursday.According to the sources, the KDB will finalize the loan ...

Updated : 2016.09.22 13:32