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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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