Finance

Finance

#foreigners
Foreigners remain net sellers of S. Korean stocks in March
SEOUL, April 12 (Yonhap) -- Foreign investors unloaded more than 3.5 trillion won (US$3.12 billion) worth of South Korean stocks in March to remain net sellers for the fourth consecutive month, dat... 08:15 Apr. 12
#foreign investors
Foreigners stay net sellers of S. Korean stocks in March
SEOUL, April 9 (Yonhap) -- Foreign investors remained net sellers of South Korean stocks for a fourth month in March on profit-taking and rising U.S. long-term interest rates, central bank data sho... 12:00 Apr. 09
#bond sales
S. Korea's bond issuance falls in March
SEOUL, April 9 (Yonhap) -- Bond issuance in South Korea shrank in March from the previous month due mainly to a tumble in corporate debt sales, industry data showed Friday. The value of bonds so... 10:49 Apr. 09
#KDIC
State deposit insurer KDIC sells 2 pct stake in Woori Financial
SEOUL, April 9 (Yonhap) -- The state-run Korea Depository Insurance Corp. (KDIC) said Friday it sold a 2 percent stake in Woori Financial Holdings Co. as part of efforts to recoup taxpayer money in... 10:17 Apr. 09
Short-term bond sales dip 7.2 pct in Q1
SEOUL, April 8 (Yonhap) -- Sales of short-term corporate bonds in South Korea sank more than 7 percent in the first quarter of the year amid the coronavirus pandemic, data showed Thursday. Local... 13:43 Apr. 08
#Fitch-Hyundai outlook
Fitch raises outlook on Hyundai, Kia to stable
SEOUL, April 8 (Yonhap) -- Fitch Ratings has raised the rating outlooks on Hyundai Motor Co. and Kia Corp. to stable from negative due to improved product mix and profitability, the ratings firm sa... 09:34 Apr. 08
#Korean economy
Economic slump easing on improving manufacturing sector: KDI
SEOUL, April 7 (Yonhap) -- The South Korean economy sees its slumps easing as the manufacturing sector has continued to improve on the back of robust exports, a state-run think tank said Wednesday.... 12:00 Apr. 07
#national debt
(LEAD) National debt grows by largest-ever amount last year amid pandemic
(ATTN: ADDS more details in last 2 paras) SEOUL, April 6 (Yonhap) -- South Korea's national debt grew by the largest-ever amount last year as the country implemented expansionary fiscal spending to... 14:34 Apr. 06
#national debt
National debt grows by largest-ever amount last year amid pandemic
SEOUL, April 6 (Yonhap) -- South Korea's national debt grew by the largest-ever amount last year as the country implemented expansionary fiscal spending to tackle the fallout of the pandemic, the f... 10:00 Apr. 06
#internet banking
Daily transactions of internet banking up 21 pct last year amid pandemic
SEOUL, April 5 (Yonhap) -- Daily transactions of internet banking services in South Korea rose 20.6 percent last year as customers preferred using financial services in a non-contact manner amid th... 12:00 Apr. 05
#household debt
S. Korea's household debt-to-GDP ratio nears 100 pct: report
SEJONG, April 5 (Yonhap) -- South Korea's household debt has been rising faster than that in most major economies to reach nearly 100 percent of its gross domestic product (GDP), a report showed Mo... 08:21 Apr. 05
#fx reserves
S. Korea's FX reserves fall in March on stronger dollar
SEOUL, April 5 (Yonhap) -- South Korea's foreign reserves declined in March as the U.S. dollar's strength reduced the value of non-dollar assets, central bank data showed Monday. The nation's fo... 06:00 Apr. 05
#insurers
Insurers' lending grows 7.8 pct in 2020
SEOUL, April 2 (Yonhap) -- Loans extended by insurance companies in South Korea rose 7.8 percent on-year last year, led by increases in home-backed lending and corporate loans, the financial watchd... 15:10 Apr. 02
#mortgage loans
Bank mortgage loans rise at solid pace in March
SEOUL, April 2 (Yonhap) -- South Korea's major banks saw their mortgage loans grow at a brisk pace in March despite higher lending rates, industry data showed Friday. The nation's five major len... 08:31 Apr. 02
#bond sales
S. Korea to sell 14.5 tln won worth of Treasurys in April
SEOUL, April 1 (Yonhap) -- South Korea plans to sell 14.5 trillion won (US$12.8 billion) in state bonds next month, the finance ministry said Thursday. The ministry will issue 3 trillion won in ... 17:00 Apr. 01
#K-Bank
Online lender K-Bank enjoys rapid growth in Q1
SEOUL, April 1 (Yonhap) -- K-Bank, South Korea's first internet-only bank, said Thursday its customers and deposits grew exponentially in the first quarter of the year amid the coronavirus outbreak... 10:44 Apr. 01
#Moody's Investors Service
Finance minister sees improvement in domestic demand, job market
SEOUL, March 31 (Yonhap) -- Finance Minister Hong Nam-ki has forecast domestic demand and the job market will gradually improve as the country is on a recovery track amid the pandemic, the finance ... 10:09 Mar. 31
#lending rate
S. Korea to cut maximum legal lending rate from July
SEOUL, March 30 (Yonhap) -- South Korea will lower the maximum interest rate starting in July as part of efforts to ease financial burdens on low-income people, the financial regulator said Tuesday... 10:51 Mar. 30
#national budget
S. Korea aims to cement recovery, curb debt growth in 2022 budget
By Kim Soo-yeon SEOUL, March 30 (Yonhap) -- South Korea said Tuesday it plans to maintain an expansionary fiscal policy next year to underpin an economic recovery from the pandemic, but it will als... 10:00 Mar. 30
#Treasury bills
S. Korea to sell 6 tln won of Treasury bills in April
SEOUL, March 26 (Yonhap) -- South Korea plans to sell 6 trillion won (US$7.1 billion) worth of Treasury bills next month in a bid to repay maturing debt, the finance ministry said Friday. The bi... 15:00 Mar. 26