[BREAKING] Court rejects arrest warrant for Samsung’s Lee Jae-yong

The Korea Herald > Business > Finance

‘Banks should question their purpose of existence’

Pressured by the imminent intrusion of internet-only banks and financial technology startups, Korea’s local lenders should ask themselves whether they will be able to keep existing, the head of an as...

Updated : 2017.01.18 16:10

Top regulator meets global investors in Hong Kong

A key South Korean financial regulator has made a pitch for the South Korean economy on a visit to Hong Kong, his office said Wednesday.Jeong Eun-bo, vice chairman of the Financial Services Commission...

Updated : 2017.01.18 15:03

[Photo News] Queueing to lend their voices

QUEUEING TO LEND THEIR VOICES -- People wait in line to participate in Standard Chartered Bank Korea’s campaign to use their voices to create educational audio content for visually impaired teenagers...

Updated : 2017.01.17 14:30

Korea’s ample money supply not translating into circulation

The money supply in South Korea has rapidly grown in recent months, but this has not translated into fast circulation amid weak sentiment toward investment and consumption, data from the central bank ...

Updated : 2017.01.17 14:29

Central bank promotes clean notes instead of new cash on Lunar New Year

The Bank of Korea recently launched a public campaign to encourage people to use clean cash bills instead of brand new ones when they give out cash gifts to children during the upcoming Lunar New Year...

Updated : 2017.01.16 15:07

Banks' foreign currency deposits fall 3.5% in December

Foreign currency deposits held by banks operating in South Korea fell 3.5 percent in December from a month earlier as exporters withdrew their US dollar deposits, central bank data showed Monday.Outst...

Updated : 2017.01.16 13:09

FSC's vice chief to attend financial forum in Hong Kong

A South Korean financial regulator will attend an international forum in Hong Kong this week to discuss ways to deal with external uncertainties, his office said Sunday.Jeong Eun-bo, vice chairman of ...

Updated : 2017.01.15 14:12

Korea vigilant about self-employed people's debt problem

South Korea's financial authorities are increasingly concerned about the debt risk of self-employed people, striving to address the chronic household debt problem, officials said Sunday.Household cred...

Updated : 2017.01.15 14:11

Loans to self-employed people jump on fewer corporate jobs

Bank loans extended to self-employed people in South Korea have grown sharply amid an economic slump and weak demand for workers in the corporate sector, data showed Sunday.Outstanding loans for self-...

Updated : 2017.01.15 11:39

S. Korean shares to remain range-bound next week

South Korean stocks are expected to take a breather next week as investors will likely assume a wait-and-see mode to learn the direction of U.S. economic and trade policies under the new Donald Trump administration, analysts here said Saturday.The benchmark Korea Composite Stock Price Inde...

Updated : 2017.01.14 11:06

Stocks decline on foreigners’ profit-taking

Foreign investors ended a 12-day buying streak Friday, weighing on South Korea’s benchmark index.  The benchmark Korea Composite Stock Price Index closed 10.35 points, or 0.5 percent, lower at 2,076.79 on profit taking of foreign investors who net-sold 106.6 billion won ($90.75 million) ...

Updated : 2017.01.13 18:33

FSS pays record cash rewards for reporting violations

South Korea's state financial watchdog said Friday it paid more than 120 million won ($100,000) last year in cash rewards for helping punish violators of capital market rules.A total of 120.7 million ...

Updated : 2017.01.13 09:16

Korean shares climb high on foreign buying

South Korean shares continued to advance on large cap gains and foreign buying to reach a new high in over 18 months Thursday. The local currency also significantly gained ground against the U.S. doll...

Updated : 2017.01.12 16:25

Korea to issue 10-yr FX stabilization bond

South Korea has been working on floating 10-year foreign exchange stabilization bonds worth up to $1 billion, the finance ministry here said Thursday.The Ministry of Strategy and Finance said it has m...

Updated : 2017.01.12 14:52

Foreign exchange fluctuations widen this year: BOK

Jitters in the financial markets, sparked by the US presidential election in November, have recently abated but foreign exchange fluctuations have more than doubled since the beginning of the New Year...

Updated : 2017.01.12 14:49