Korea raises bar for government mortgages next year

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Korea raises bar for government mortgages next year

Koreans will face stricter requirements in order to gain access to a government-backed mortgage although the size of funds available for those eligible will be expanded, the financial authorities said...

Updated : 2016.12.08 16:44

Major brokerages moving to new offices

Several major securities companies in South Korea are set to move into new offices in Seoul this month either in line with new operational plans or as a result of mergers, industry sources said Thursd...

Updated : 2016.12.08 11:31

Asset managers face possible flak over Samsung merger

Asset management companies in South Korea may face criticism from clients for backing Samsung Group's controversial merger of two units last year, industry watchers said Thursday.In an extraordinary s...

Updated : 2016.12.08 11:27

Number of CDs, ATMs fall for 2nd straight year in 2015

The number of cash dispensers (CD) and automated teller machines (ATM) fell for a second straight year in 2015 on growing demand for Internet and mobile banking services, South Korea's central bank sa...

Updated : 2016.12.08 11:26

‘NPS, Samsung discussed approval of merger in advance’

Behind-the-scenes talks between Samsung Group and the National Pension Service must have occurred to push through the controversial merger between Samsung C&T and Cheil Industries in July 2015, legal ...

Updated : 2016.12.07 16:19

Koreans’ overseas spending hits record high in Q3

South Korean’s overseas spending hit a new high in the third quarter on the back of increased outbound travel, central bank data showed Tuesday.According to data by the Bank of Korea, Korean people’...

Updated : 2016.12.06 16:31

Shinhan Bank completes acquisition in Indonesia

South Korea's Shinhan Bank said its Indonesian unit, Bank Shinhan Indonesia (BSI), has completed a merger with another Indonesian bank in the latest move to seek a new growth engine in the world's fou...

Updated : 2016.12.06 15:51

Largest number of SMEs put on restructuring table

South Korea’s financial watchdog on Tuesday designated 176 small and medium-sized enterprises to undergo restructuring, the largest number of firms since 2010.The Financial Supervisory Service evaluated credit risks of a total of 2,035 SMEs with credit ceilings of less than 50 billion won...

Updated : 2016.12.06 15:25

Finance not immune to 4th industrial revolution: regulator

South Korea's top financial regulator on Tuesday stressed the need for robust global partnerships to prepare for the consequences of a new industrial revolution."The financial sector can't avoid the trend of the fourth industrial revolution either," Yim Jong-yong, chairman of the Financial...

Updated : 2016.12.06 10:49

Short selling hits newcomers to MSCI Korea Index

Massive short selling has sent share prices of biopharmaceutical firm Samsung BioLogics Co. and defense contractor Hanwha Techwin Co. into a tailspin since their inclusion in the Morgan Stanley Capital International's Korea Index last week, sources said Tuesday.The Geneva-based MSCI announ...

Updated : 2016.12.06 09:54

US rate hikes would put Korea’s banking industry at risk

Rising interest rates will be a major challenge for the South Korean banking industry next year, which may also threaten the country’s financial system at the worst, warned financial experts Monday. ...

Updated : 2016.12.05 18:06

Corporate loans increase slightly in Q3

Loans extended to local businesses rose slightly in the third quarter from a quarter earlier on increased facility investments, central bank data showed Monday.Corporate loans climbed by 15.7 trillion...

Updated : 2016.12.05 13:26

Most new faces in bourse drop below IPO price

Most of the recent new entrants to the South Korean stock market are trading below their initial public offering (IPO) price, data showed Monday, as investors remain spooked by unfavorable foreign and...

Updated : 2016.12.05 10:49

Listed firms' CB issuance doubles on financial woes

South Korea's listed companies have almost doubled their issuance of convertible bonds (CBs) this year amid financial troubles largely attributable to corporate restructuring and lower profitability, ...

Updated : 2016.12.05 10:47

KOSPI expected to move in tight range next week

South Korean shares are expected to move in a tight range in the coming week on rising uncertainties in eurozone and a looming interest rate hike in the US, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed at 1,970.61 on Friday, down 0.19 percent from a...

Updated : 2016.12.03 10:24