S. Korea's domestic credit card spending falls in May

South Korea's domestic credit card spending by individuals dropped in May for the second consecutive month due to April's deadly ferry sinking that hurt consumer sentiment, central bank data showed Tuesday. Credit card spending by...

Finance minister, BOK chief agree on growth drive

South Korea’s new finance minister and the central bank chief agreed on Monday to work together to sustain economic growth at their first official meeting in a closed-door session. Finance Minister Choi Kyung-hwan and Bank of Kor...

[SUPER RICH] From mutual fund tycoon to conglomerate chairman

The year 2013 was a turning point for self-made billionaire Park Hyeon-joo, founder of Mirae Asset Financial Group. The company, debuted in 1997 as a mutual fund management firm, advanced onto the list of the nation’s top 30 cong...

FSC struggles with prolonged personnel vacuum

South Korea’s financial industry is more than ready to see some new blood at the Financial Services Commission ― the decision-making body at the nation’s financial watchdog ― but it seems like the personnel vacuum won’t be fi...