Japan ex-wrestler wages 'sports diplomacy' in N. Korea

The Korea Herald > Business > Finance

Seoul shares may gain slightly next week: analysts

SEOUL, Aug. 30 (Yonhap) -- South Korean stocks may gain with a steady flow of foreign funds, but advances are not likely to be large due to lingering geopolitical concerns, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) ended at 2,068.54 on Friday, up 4.6 pe...

Updated : 2014.08.30 11:14

Investors take out more loans to buy stocks

Investors are taking on record levels of debts to buy stocks as the South Korean equity market is nearing this year’s high on the back of continued foreign buying and market-friendly policies, data showed Friday.The so-called margin debt, or the amount borrowed to purchase securities, sto...

Updated : 2014.08.29 20:42

FSS chief may veto KB sanctions

The nation’s two financial watchdogs appeared to be at odds over a recent policy decision to issue lighter-than-expected sanctions on KB Financial Group executives.The state-run Financial Services Co...

Updated : 2014.08.29 20:41

Household debt poses risks to Korean banking sector: analyst

South Korea's sizable household debt and recent policies that eased rules on mortgage lending to prop up the ailing property market may potentially hurt credit risks of local lenders, an analyst said Friday."What is an issue is the disposable income comparison. You have more debt than disp...

Updated : 2014.08.29 17:19

Korea extends anti-dumping duties on Chinese plate glass

South Korea's trade commission said Friday that it has decided to impose anti-dumping duties on Chinese plate glass for another three years to help protect local manufacturers from price-cutting practices. The Korea Trade Commission said it will keep anti-dumping duties of 15.22-36.01 perc...

Updated : 2014.08.29 10:42

Kookmin Card CEO gets more intimate

KB Kookmin Card CEO Kim Duk-soo is reaching out to employees in a bid to more closely communicate with employees.Refraining from the command-and-control approach to management, Kim has been touring th...

Updated : 2014.08.28 20:23

Woori Bank leads in tech financing, keeps focus on CSR

Woori Bank perceives social contribution and a deep-rooted culture of sharing to be the two pillars of its organization, according to officials. Lee Soon-woo, president of the bank and chairman of Woo...

Updated : 2014.08.28 20:22

KRX unveils new measures for boosting derivative market

The Korea Exchange said it would introduce two new safety measures to revert mistaken deals in the derivative market in hopes of encouraging potential traders and boosting exchange.Under the first measure, the state-run stock operator will reject orders placed at prices excessively higher ...

Updated : 2014.08.28 20:19

Korea to sell W6.7t in state debts in September

South Korea plans to issue state bonds worth about 6.7 trillion won ($6.6 billion) in September, the finance ministry said Thursday.According to the ministry, the government is seeking to sell 1.75 trillion won in three-year Treasurys, 1.6 trillion won in five-year debts and 1.85 trillion ...

Updated : 2014.08.28 17:47

Kookmin Bank cautioned against internal corruption

The South Korean financial watchdog said Thursday it has cautioned troubled Kookmin Bank against a lack of supervision of its employees, which has led to corruption such as massive embezzlement and illegal loans.The Financial Supervisory Service also reprimanded 68 Kookmin Bank officials i...

Updated : 2014.08.28 16:42

SC Bank offers door-to-door banking

Standard Chartered Bank Korea, one of the top two foreign banks here, is holding online lottery events to promote its Outreach Banking Service, a one-stop financial service for customers who find it d...

Updated : 2014.08.27 20:44

Kookmin Bank takes internal feud over IT to prosecution

Kookmin Bank took the protracted feud over a computation system change to the prosecution, deepening the chasm between the bank and its parent financial group who both have been reprimanded by the watchdog for management fumbles.Kookmin Bank filed a complaint with the prosecution on Tuesda...

Updated : 2014.08.27 20:44

Finance minister urges Assembly to pass economic stimulus bills

South Korea’s finance minister on Tuesday called on lawmakers to break the prolonged parliamentary deadlock and “swiftly” pass major economy-related bills to help the government jump-start slowing economic growth.“The pulse in our economy is weakening,” Finance Minister Choi Kyung-hwa...

Updated : 2014.08.26 21:22

[Graphic News] Conglomerates increase share of corporate loans

Corporate loans to small and medium-sized companies have been increasing in amount but decreasing in their share of the total since 2009, according to the Financial Supervisory Service on Tuesday.SME ...

Updated : 2014.08.26 21:20

Tong Yang launches children’s insurance

Tong Yang Life Insurance said Tuesday that it had launched a new insurance product with low monthly premiums, simplified policies and expanded coverage for children.It said the life insurance would no...

Updated : 2014.08.26 20:56