The Korea Herald > Business > Finance
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Financial subsidiaries of major business groups are likely to face stern regulatory inquiries over their governance structure, financial authorities said.The chaebol-based financial sectors mostly involve credit cards, insurance and securities, while laws on the commercial banking sector s...
Updated : 2013.05.22 20:42
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OCI chairman Lee Soo-young, former Korean Air vice chairman’s wife Lee Young-hak and DSDL chairman Cho Wook-rae are included on the list of 245 Koreans suspected of creating bogus companies in overseas tax havens.Disclosing the list at a news conference on Wednesday, Kim Yong-jin, head of...
Updated : 2013.05.22 20:41
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South Korea’s largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. fared well in Europe in the first four months of this year, industry data showed Wednesday, despite a weak Japanese yen giving an advantage to Toyota Motor Corp. and other Japanese rivals.Hyundai ...
Updated : 2013.05.22 20:41
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South Korean stocks closed 0.64 percent higher Wednesday as the U.S. Federal Reserve highlighted the necessity to maintain its quantitative easing, boosting investor sentiment here, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Ind...
Updated : 2013.05.22 16:37
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An independent journalists' group in South Korea on Wednesday exposed a list of high-profile Korean businessmen and their families suspected of running slush funds in tax havens, in what could cause a huge social ripple amid a slew of ongoing probes into secretive money owned by the rich.T...
Updated : 2013.05.22 15:50
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South Korean stocks opened higher Wednesday as officials from the United States Federal Reserve highlighted the necessity to maintain its quantitative easing down the road, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) shot up 8.84 points, or 0.45 percent, to 1,989....
Updated : 2013.05.22 10:11
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The financial regulator said Tuesday that it has decided to relieve about 5 percent from the blacklist of 2.36 million credit delinquents, who were hit by the 1997 Asian foreign exchange crisis.The rescue package for some credit defaulters comes under policy direction of the Park Geun-hye ...
Updated : 2013.05.21 20:06
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SK Planet Co., an affiliate of South Korea’s top mobile carrier SK Telecom Co., is seeking to launch mobile and online services in Indonesia as part of an effort to tap into the country’s growing number of mobile and Internet users, industry sources said Tuesday.SK Planet has recently ag...
Updated : 2013.05.21 20:04
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South Korea’s top banking group Woori Finance Holdings Co. is likely to announce a nominee to replace Chairman Lee Pal-seung later this week, officials said Tuesday.Woori Finance is poised to unveil a group head nominee on Thursday as its selection committee recently reviewed the short li...
Updated : 2013.05.21 20:04
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U.S. automaker Chrysler Group LLC is recalling nearly 1,000 vehicles in South Korea for a defective passenger airbag, the Transportation Ministry said Tuesday.The recall affects 985 units of the 300C luxury passenger vehicle that were produced between April 11 and Dec. 14 of 2011, accordin...
Updated : 2013.05.21 20:03
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Hana Bank and the Korea Exchange Bank under the Hana Financial Group are stepping up their cooperation in their overseas joint social contributions.In Indonesia, the two banks joined hands to cook and...
Updated : 2013.05.21 20:00
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South Korean stocks opened higher Tuesday as investors scooped up key exporters amid the eased concerns over the weak Japanese yen, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) increased 4.49 points, or 0.23 percent, to 1,986.92 in the first 15 minutes of trading.T...
Updated : 2013.05.21 09:47
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South Korea’s service industries, such as culture, entertainment, social welfare, health care, education and finance, have failed to grow in importance over the past few years.According to research a...
Updated : 2013.05.20 21:18
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An increasing number of both Korean and Japanese companies are opting to settle their bilateral trade with the world’s key currency ― the U.S. dollar ― over the Japanese yen.This is due to Japan’s weakening currency since the world’s third largest economy launched fiscal stimulus alon...
Updated : 2013.05.20 20:46
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South Korean stocks closed 0.22 percent lower Monday as the weak yen continued to weigh down on investors' sentiment here, analysts said. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) moved down 4.38 points to finish at 1,982....
Updated : 2013.05.20 15:46
