-
Ministries told to cut discretionary spending by 10% for 2021 budgetEconomyMay 6, 2020The Ministry of Economy and Finance on Wednesday asked all government ministries to cut discretionary spending by 10 percent in their requests for next year’s budget. The government aims to use the ... -
FSC to receive applications for digital finance MBA programMoneyMay 5, 2020The Financial Services Commission said Tuesday that it will start receiving applications for its part-time MBA program focused on digital finance from May 15. The program, slated to launch in Septem... -
![[Market Close-Up] How traditional banks can survive in the fintech era](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/05/02/20200502000089_0.jpg)
[Market Close-Up] How traditional banks can survive in the fintech eraMarketsMay 4, 2020South Korea’s traditional banking sector continues to rely heavily on profit from interest, despite a low-growth, low-interest environment, the BOK report noted. “Local banks continue to maintain a ... -
S. Korea braces for prolonged COVID-19 economic falloutEconomyMay 4, 2020“Growth forecasts for oil-producing nations are being cut drastically,” Kim said. “With the current account and fiscal balances of such nations to worsen alongside their economic uncertainties, and ... -
Jeonbuk Bank’s Cambodian subsidiary issues corporate bonds worth $10mMarketsApr 27, 2020Jeonbuk Bank’s Cambodian subsidiary recently floated corporate bonds worth $10 million, becoming the first South Korean financial institution to do so in the Southeast Asian nation, the lender’s hold... -
![[Weekender] From vintage furniture to Fendi: Flea markets go mobile](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/04/23/20200423000598_0.jpg)
[Weekender] From vintage furniture to Fendi: Flea markets go mobileMarketsApr 25, 2020Reflected in the size of its user base, Danggeun Market has the perfect mobile system for haggling. Besides the messaging rooms where sellers can talk with buyers privately one-on-one, the interface ... -
Major banking groups post mixed Q1 performance amid gloomy Q2 outlookMoneyApr 25, 2020After a fruitful 2019, some of South Korea’s major banking groups have posted mixed performances for the January-March period as of Friday, with the balance sheets yet to reflect the full impact of t... -
S. Korea’s exports, industries to be hit by historic oil crashEconomyApr 21, 2020With global oil prices tanking, South Korea’s exports and its key industries are projected to face more hurdles, according to market watchers Tuesday. The price of US crude oil plummeted from $18 a ... -
Mobile international money transfer services eased by Hana, KakaoMoneyApr 20, 2020Commercial lender Hana Bank and internet-only Kakao Bank said Monday they have updated their respective mobile services to help locals make international financial transactions amid the novel coronav... -
‘BOK’s latest loan program to help brokerages avoid worst-case scenario’EconomyApr 17, 2020South Korea’s central bank’s unprecedented decision to extend loans to brokerages and other nonbanking institutions will help them avoid the worst amid an economic crisis brought on by the novel coro... -
BOK to extend loans to brokerages in unprecedented moveEconomyApr 16, 2020South Korea’s central bank has decided to launch a new loan program for brokerages, temporarily broadening its range of collateral to corporate bonds, officials said Thursday. The move aims to provi... -
Moon’s economic policy to gain momentum on ruling party’s victoryEconomyApr 16, 2020The ruling Democratic Party of Korea’s landslide victory in the latest national assembly elections is expected to work as a catalyst for President Moon Jae-in’s economic policy agenda -- including mo... -
![[Economy in Pandemic] S. Korea’s shrinking job market sparks fears of recession](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/04/14/20200414000628_0.jpg)
[Economy in Pandemic] S. Korea’s shrinking job market sparks fears of recessionEconomyApr 14, 2020Slammed by the novel coronavirus, South Korea’s labor market is shrinking fast, sparking concerns over its impact on consumer spending and the possibility of a sharp recession. Total payouts for sta... -
BOK awaits state approval for loan extension to nonbanking entitiesEconomyApr 12, 2020South Korea’s central bank is awaiting government signoff on an emergency program that would extend loans to nonbanking institutions, sources said Sunday, as both monetary and fiscal authorities aim ... -
BOK freezes rates at record low, projects bleak economic outlookEconomyApr 9, 2020South Korea’s central bank on Thursday decided to freeze its policy interest rate at 0.75 percent, hinting its willingness to review the effects of last month’s big rate cut coupled with quantitative...
MOST POPULAR
-
01Negative COVID-19 test result required for arrivals from high-risk countries
-
Five-day funeral planned for Seoul mayor02
-
03Hermes has upper hand in lawsuit against Korean fashion label
-
[Newsmaker] Seoul mayor’s death highlights Korea’s suicide problem04
-
05Mayor Park says sorry in will
-
‘Peninsula’ -- sequel to ‘Train to Busan’ -- premieres in Seoul06
-
07Thousands mourn death of Seoul mayor
-
Five-day funeral for Park sparks dispute on social media08
-
09S. Korea court slashes ex-president's jail term by 10 years
-
Plunging YouTube subscriptions reflect public disdain for Jimin: data10