#mortgage loan-increase
Finance
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#KB Capital-IndonesiaKB Capital acquires 85 pct stake in Indonesian auto financing firm
SEOUL, Feb. 22 (Yonhap) -- KB Capital Co., a unit of KB Financial Group Inc., said Friday that it has acquired an 85 percent stake in an auto financing firm in Indonesia. The acquisition of Sun... 13:57 Feb. 22 -
#auto insuranceAuto insurance premiums set to rise as court raises retirement age for physical labor
SEOUL, Feb. 21 (Yonhap) -- South Korea's non-life insurance firms are under pressure to raise their car insurance premiums as the Supreme Court raised the nation's retirement age for physical labor... 15:45 Feb. 21 -
#overseas-card spendingS. Koreans' overseas card spending soars in 2018
SEOUL, Feb. 21 (Yonhap) -- Overseas card spending by South Koreans posted double-digit growth for the second straight year in 2018 due to a larger number of outbound travelers and weaker U.S. dolla... 12:01 Feb. 21 -
#FSS-BrexitNo-deal Brexit would increase volatility of financial markets
SEOUL, Feb. 20 (Yonhap) -- South Korea's financial watchdog said Wednesday it will strengthen its monitoring of markets around the world over the growing possibility of a no-deal Brexit taking plac... 17:59 Feb. 20 -
#FSS-financial probeRegulator to conduct 'comprehensive inspection' of financial firms in April
SEOUL, Feb. 20 (Yonhap) -- The financial regulator said Wednesday that it will begin conducting a "comprehensive inspection" of financial firms in April as it seeks to strengthen protection for con... 17:25 Feb. 20 -
#electronic voting-supportGov't to extend support for e-voting system for shareholder meetings
SEOUL, Feb. 20 (Yonhap) -- The state-run securities service provider vowed Wednesday to upgrade the country's electronic voting system for shareholder meetings to boost convenience for both compani... 17:08 Feb. 20 -
#fintech paymentGov't to let banks open payment systems to fintech firms
SEOUL, Feb. 20 (Yonhap) -- The government plans to let banks open their payment systems to financial technology firms, in a move that would provide a level playing field for new players and increas... 15:10 Feb. 20 -
#Shinhan Financial-investment planShinhan Financial to invest big in innovative firms over 4 years
SEOUL, Feb. 20 (Yonhap) -- Shinhan Financial Group Co. said Wednesday it will pour 1.7 trillion won (US$1.51 billion) over the next four years into various projects to support innovative firms. ... 14:47 Feb. 20 -
#mortgage loanBanks to sell mortgage loans that reduce risks of rate rise
SEOUL, Feb. 20 (Yonhap) -- Banks will sell two variable rate mortgage products from next month that help borrowers reduce the risks of a rate rise, the financial regulator said Wednesday. The m... 12:00 Feb. 20 -
#credit cardMerchants to save 800 bln won as gov't cuts credit card processing fees
SEOUL, Feb. 19 (Yonhap) -- A cut in credit card processing fees is expected to help merchants save about 800 billion won (US$709 million), officials said Tuesday, as the government seeks to ease bu... 12:00 Feb. 19 -
#major banks-profitsS. Korean major banks' net profits soar in 2018
SEOUL, Feb. 19 (Yonhap) -- South Korean commercial banks reported solid growth in their net profits last year on the back of a surge in interest income, data showed Tuesday. The combined net ear... 11:38 Feb. 19 -
#Hana-Internet bankHana Financial teams up with SK Telecom for Internet-only bank
SEOUL, Feb. 19 (Yonhap) -- Hana Financial Group Inc. said Tuesday it has decided to join hands with top mobile carrier SK Telecom Co. and Kiwoom Securities Co. to form South Korea's third Internet-... 10:15 Feb. 19 -
#Woori Financial Group-takeover bid
Woori Financial seeks to buy asset management company
SEOUL, Feb. 18 (Yonhap) -- Woori Financial Group Inc. expressed its intent to buy an asset management company on Monday, industry sources said, as the financial group seeks to diversify its revenue... 19:51 Feb. 18 -
#funds-January tallyNet assets of S. Korean investment funds rise in January
SEOUL, Feb. 18 (Yonhap) –– The net assets of South Korea's investment funds increased last month on the back of strong stock market performance, data showed Monday. The net assets of local inves... 12:32 Feb. 18 -
#North KoreaN. Korea launches 3 non-life insurance firms
SEOUL, Feb. 17 (Yonhap) -- North Korea has launched three non-life insurance firms in an apparent effort to attract foreign capital, a report showed Sunday. According to the report by the Korea... 12:00 Feb. 17 -
#banks-mortgage ratesBanks' mortgage rates hit 41-month high
SEOUL, Feb. 15 (Yonhap) -- South Korean banks raised their lending rates for outstanding mortgage loans last month, data showed Friday. COFIX, or the Cost of Funds Index, a benchmark lending ra... 17:09 Feb. 15 -
#Hana Bank-penaltyBOK imposes 15.7 bln-won penalty on Hana Bank for violating reserve requirement
SEOUL, Feb. 15 (Yonhap) -- The central bank said Friday that it has imposed a 15.7 billion-won (US$1.39 million) penalty on KEB Hana Bank for failing to meet its foreign exchange reserve requiremen... 17:03 Feb. 15 -
#regulator-Busan financial hubRegulator calls for quality development of Busan as financial hub
SEOUL, Feb. 15 (Yonhap) -- South Korea's port city of Busan has failed to achieve quality growth as a key global financial hub, the chief of the financial regulator said Friday, calling for a shift... 15:26 Feb. 15 -
#KORIBOR rates
The Korea Interbank Offered Rates (KORIBOR)
SEOUL, Feb. 15 (Yonhap) -- The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term ... 11:03 Feb. 15
News Focus
Market
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1 
Samsung BioLogics case to affect market, delisting unlikely: experts
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October rout worst setback for S. Korean bourse in decade
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3 
Deregulation brightens prospects for Internet-only banks
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4 
Fat-finger fiasco penalty to have long-term impacts on Samsung Securities: experts
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5 (News Focus) All eyes on Samsung's stock split, impact on share value
