Finance

Finance

#Woori Financial Group
Former FSC chief tapped as next chairman of Woori Financial Group
SEOUL, Feb. 3 (Yonhap) -- Woori Financial Group Inc. on Friday nominated former Financial Services Commission (FSC) chief Yim Jong-yong as its next chairman and CEO. The chairman nomination comm... 19:27 Feb. 03
#Treasury
S. Korea to sell 13 tln won worth of Treasurys in Feb.
SEOUL, Feb. 2 (Yonhap) -- South Korea plans to sell 13 trillion won (US$10.6 billion) in state bonds this month, the finance ministry said Thursday. The ministry will issue 2.4 trillion won in T... 17:08 Feb. 02
#BIS economist
BIS economist says weak dollar could provide boon for S. Korea's trade
SEOUL, Feb. 1 (Yonhap) -- A weak dollar could serve as a boon for South Korea's trade going forward as it provides better financing conditions for businesses, an economist at the Bank for Intention... 14:35 Feb. 01
#MSB sale
BOK to sell 11 tln won worth of monetary stabilization bonds in Feb.
SEOUL, Jan. 30 (Yonhap) -- South Korea's central bank said Monday it will sell 11 trillion won (US$8.96 billion) worth of monetary stabilization bonds (MSBs) in February. The amount is 1 trillio... 16:42 Jan. 30
#Treasury bill
S. Korea to sell 4 tln won of Treasury bills in Feb.
SEOUL, Jan. 27 (Yonhap) -- South Korea plans to sell 4 trillion won (US$3.25 billion) worth of Treasury bills next month to finance the government's fiscal spending, the finance ministry said Frida... 15:00 Jan. 27
#direct financing
Corporate direct financing down in 2022 on stock, bond market slumps
SEOUL, Jan. 25 (Yonhap) -- Corporate direct financing in South Korea shrank in 2022 due to slumps in stock and bond markets caused by worries over inflation and rising borrowing costs, data showed ... 12:00 Jan. 25
#delinquency ratio
Delinquency ratio on bank loans inch up in Nov. amid high interest rates
SEOUL, Jan. 19 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea inched up in November amid increased debt burden from rising interest rates, data showed Thursday. The ... 14:12 Jan. 19
#banks
Banks to keep eased stance in extending loans in Q1 on more lending capacity, competition
SEOUL, Jan. 18 (Yonhap) -- Banks in South Korea are expected to maintain an eased stance in extending loans in the first quarter of the year given their increased lending capacity and intensifying ... 12:00 Jan. 18
#money supply
Money supply up in Nov. on more bank deposits amid high interest rates
SEOUL, Jan. 17 (Yonhap) -- South Korea's money supply grew on-month in November, as high interest rates encouraged people to deposit more money at banks, central bank data showed Tuesday. The co... 12:00 Jan. 17
#bills
Bills, coins discarded due to damage up 2.3 pct in 2022
SEOUL, Jan. 17 (Yonhap) -- Bills and coins that the South Korean central bank discarded due to damage grew 2.3 percent in 2022 as increased banknotes were redeemed amid high interest rates, data sh... 12:00 Jan. 17
#fake bills
Number of fake banknotes hits record low in 2022 on increased non-cash transactions
SEOUL, Jan. 16 (Yonhap) -- The number of fabricated South Korean banknotes hit a record low in 2022 on increased non-cash transactions amid the pandemic, central bank data showed Monday. The num... 12:00 Jan. 16
#finance minister
S. Korea to extend foreign exchange trading hours
By Kang Yoon-seung SEOUL, Jan. 12 (Yonhap) -- South Korea will extend trading hours of its foreign exchange market as part of its efforts to make Asia's No. 4 economy a more attractive investment d... 15:13 Jan. 12
KDB set to float Hong Kong dollar, yuan bonds next week
SEOUL, Jan, 12 (Yonhap) -- The state-run Korea Development Bank (KDB) said Thursday it plans to issue a series of bonds denominated in the Hong Kong and Chinese currencies next week to raise necess... 11:38 Jan. 12
#foreign reserves
South Korea's foreign reserves expand in Dec. on dollar's descent
SEOUL, Jan. 4 (Yonhap) -- South Korea's foreign reserves continued to expand for the second straight month in December as the weakening dollar resulted in a rise in the converted value of holdings ... 06:00 Jan. 04
BOK sells net US$17.54 billion in market-smoothing operations in Q3
SEOUL, Dec. 30 (Yonhap) -- The Bank of Korea (BOK) said Friday it sold a net US$17.54 billion in the third quarter to help ease the decline of the local currency against the U.S. dollar. The thi... 20:22 Dec. 30
#lending rates
Banks' household lending rate rises to highest in over 10 yrs in Nov.
SEOUL, Dec. 30 (Yonhap) -- Banks' rates charged on new household loans in November hit the highest level in over a decade, affected by the central bank's aggressive rate increases to tame inflation... 12:00 Dec. 30
#IBK chief
Veteran insider recommended as new head of policy bank for smaller firms
SEOUL, Dec. 30 (Yonhap) -- An incumbent senior managing director of the Industrial Bank of Korea (IBK) has been recommended to lead the state-run policy bank for smaller enterprises for three years... 11:10 Dec. 30
#BOK-bond issuance
BOK to sell 10 tln won worth of monetary stabilization bonds in Jan.
SEOUL, Dec. 29 (Yonhap) -- South Korea's central bank said Thursday it will sell 10 trillion won (US$7.88 billion) worth of monetary stabilization bonds (MSBs) in January next year, up 2.2 trillion... 16:51 Dec. 29
#direct financing
Corporate direct financing grows in Nov. on expanded rights offering
SEOUL, Dec. 28 (Yonhap) -- Corporate direct financing in South Korea expanded in November thanks to an increase in rights offering on the stock markets, data showed Wednesday. Local companies ra... 06:00 Dec. 28
#BOK report
BOK's reserve management team expects dollar to bounce back amid recession woes
SEOUL, Dec. 27 (Yonhap) -- The U.S. dollar's recent downward move will likely continue for the time being, but its value could bounce back next year when global recession woes arise, the foreign re... 11:21 Dec. 27

1 2 3 4 Next Last