Finance

Finance

#regional bank
Central American development bank to open S. Korean office in Seoul
SEOUL, June 20 (Yonhap) -- A Central American development bank has decided to open a South Korean office in Seoul as part of efforts to strengthen ties with Asia's fourth-largest economy, the finan... 12:00 Jun. 20
#consumer spending
Cash back for card spending under review to boost consumption: official
SEOUL, June 18 (Yonhap) -- South Korea plans to provide cash back rewards for credit card spending in a bid to revive domestic demand in the second half amid the pandemic, a senior government offic... 15:21 Jun. 18
#global competitiveness
S. Korea's global competitiveness ranking stays at 23rd in 2021: report
SEOUL, June 17 (Yonhap) -- South Korea's global competitiveness ranking remained unchanged this year after rising by five notches in the previous year on the back of its efforts to contain the pand... 18:00 Jun. 17
#Fed policy meeting
(2nd LD) S. Korea vigilant over market volatility after Fed's hawkish stance
(ATTN: UPDATES with market close in paras 3-4; ADDS photo) By Kim Soo-yeon SEOUL, June 17 (Yonhap) -- South Korea will closely monitor the financial market as market volatility could increase follo... 15:41 Jun. 17
#KAMCO
State asset manager KAMCO sells 200 bln won in ESG bonds
SEOUL, June 17 (Yonhap) -- South Korea's state-run Korea Asset Management Corp. (KAMCO) said Thursday it has sold 200 billion won (US$177 million) in environment, social and governance (ESG) bonds ... 13:54 Jun. 17
#Fed policy meeting
(LEAD) S. Korea vigilant over market volatility after Fed's hawkish stance
(ATTN: UPDATES with more details, market reaction in paras 2,3,7,8; UPDATES photo) By Kim Soo-yeon SEOUL, June 17 (Yonhap) -- South Korea will closely monitor the financial market as market volatil... 11:31 Jun. 17
#Fed policy meeting
S. Korea vigilant over market volatility after Fed's hawkish stance
By Kim Soo-yeon SEOUL, June 17 (Yonhap) -- South Korea will closely monitor the financial market as market volatility could increase following the Federal Reserve's signal of an earlier-than-expect... 09:27 Jun. 17
#S Korea
(LEAD) S. Korea, U.S. extend US$60 bln currency swap deal until Dec.
(ATTN: ADDS details in paras 5-6) SEOUL, June 17 (Yonhap) -- South Korea and the United States have agreed to extend their US$60 billion currency swap agreement by another three months through Dec... 09:01 Jun. 17
#S Korea
S. Korea, U.S. extend US$60 bln currency swap deal until Dec.
SEOUL, June 17 (Yonhap) -- South Korea and the United States have agreed to extend their US$60 billion currency swap agreement by another three months through Dec. 31, which was signed to help ease... 07:41 Jun. 17
#extra budget
DP pushing to include cashback for credit card spending in upcoming extra budget: chief related article
SEOUL, June 16 (Yonhap) -- The ruling Democratic Party (DP) will push to include not only universal COVID-19 stimulus checks and support schemes for small businesses but also special cashback rewar... 15:20 Jun. 16
#loan delinquency rate
Banks' loan delinquency rate rebounds in April
SEOUL, June 16 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans rebounded in April from a record low the previous month as lenders cleared smaller amounts of bad debts,... 12:15 Jun. 16
#FX deposits
Residents' FX deposits fall in May
SEOUL, June 16 (Yonhap) -- Foreign currency deposits at banks in South Korea declined in May from a record high in the previous month as some companies withdrew their FX holdings, central bank data ... 12:00 Jun. 16
#cryptocurrency
(News Focus) Cryptocurrency exchanges remove some coins ahead of new rules
By Kim Soo-yeon SEOUL, June 16 (Yonhap) -- Cryptocurrency exchanges here are removing some coins from their trading platforms as they are bracing for tough regulations on digital currency transactio... 11:56 Jun. 16
#listed firms
Listed firms' financial health improves in Q1
SEOUL, June 15 (Yonhap) -- South Korea's listed companies saw their overall financial soundness improve slightly in the first quarter thanks mainly to big firms' better conditions, a report showed ... 13:38 Jun. 15
#extra budget
Excess tax income may be used to repay part of national debt: minister
SEOUL, June 14 (Yonhap) -- Finance Minister Hong Nam-ki said Monday the government will consider repaying part of the country's national debt with excess tax revenue when it draws up another extra ... 16:22 Jun. 14
#insurers
Insurers' risk-based capital ratio down for 2nd quarter in Q1
SEOUL, June 14 (Yonhap) -- Insurance firms in South Korea saw their risk-based capital ratio fall for the second straight quarter in the first quarter of this year amid rising market interest rates... 12:00 Jun. 14
#Hana Financial
Hana Financial wins preliminary nod for asset manager in Singapore
SEOUL, June 14 (Yonhap) -- Hana Financial Group Inc. said Monday that it has obtained preliminary approval from Singapore's financial authorities to establish an asset management company in the cit... 10:30 Jun. 14
#holding companies
No. of holding companies down in Q4
SEOUL, June 10 (Yonhap) -- The number of holding companies in South Korea declined in the fourth quarter despite the government's efforts to encourage firms to have a more transparent governance st... 12:00 Jun. 10
#bond sales
Bond issuance in S. Korea falls 11.5 pct in May
SEOUL, June 10 (Yonhap) -- Bond issuance in South Korea shrank 11.5 percent in May from the previous month amid strong foreign buying, data showed Thursday. The value of bonds sold in Asia's fou... 10:44 Jun. 10
#Hana bank
Hana Bank issues US$600 mln in ESG bonds
SEOUL, June 10 (Yonhap) -- Major South Korean lender Hana Bank said Thursday it has floated US$600 million worth of environment, social and governance (ESG) bonds to help support vulnerable and eco... 10:20 Jun. 10