#bank loans
Finance
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#financial crimesFinancial crimes in S. Korea fall 3.4 pct in 2019
SEOUL, May 26 (Yonhap) -- Financial crimes in South Korea fell 3.4 percent in 2019 from a year earlier, the authorities said Tuesday as they vowed to boost efforts to prevent crimes at banks and ot... 13:57 May. 26 -
#card spendingOverseas card spending dips by most in over decade in Q1 amid pandemic
SEOUL, May 26 (Yonhap) -- Overseas card spending by South Koreans dropped at the fastest rate in over a decade in the first three months of this year on a sharp decline in the number of outbound tr... 12:00 May. 26 -
#insurance firmsInsurers' Q1 net falls 26 pct on increased operating losses
SEOUL, May 26 (Yonhap) -- South Korea's insurance firms saw their profits decline in the first quarter from a year earlier due to increased insurance operating losses, data showed Tuesday. The com... 12:00 May. 26 -
#BOK(News Focus) BOK's rate cut in the offing, but 'when' still being debated
By Byun Duk-kun SEOUL, May 25 (Yonhap) -- The Bank of Korea (BOK) will be prodded to further slash its key rate to support the virus-stricken economy, experts said Monday, but when it will push dow... 13:44 May. 25 -
#savings bankSavings banks' Q1 net profit up 20 pct on increased interest income
SEOUL, May 25 (Yonhap) -- South Korean savings banks reported a 19.4 percent rise in their combined net profit in the first quarter due to increased interest income, data showed Monday. The comb... 12:00 May. 25 -
#corporate debtors28 conglomerates under tight scrutiny for heavy debts
SEOUL, May 25 (Yonhap) -- South Korea's financial regulator said Monday that 28 highly indebted conglomerates were put under closer watch for debt reductions in order to prevent defaults. Accord... 12:00 May. 25 -
#BOKBOK tipped to cut key rate this week: poll
SEOUL, May 25 (Yonhap) -- The Bank of Korea (BOK) is widely forecast to trim its policy rate this week amid the growing economic fallout from the new coronavirus outbreak, a poll showed Monday. ... 11:00 May. 25 -
#Japanese goods-importsS. Korea's consumer goods imports from Japan fall 37 pct in April
SEOUL, May 24 (Yonhap) -- South Korea's imports of consumer goods from Japan plunged 37 percent in April from a year earlier due to Japan's export curbs and the new coronavirus impact on consumer s... 09:35 May. 24 -
#banks-derivatives-related penaltiesKEB Hana, Woori appeal regulator's penalty decision
SEOUL, May 22 (Yonhap) -- KEB Hana Bank and Woori Bank said Friday they have appealed the levying of penalties by state financial authorities on the lenders' improper sale of derivatives-linked pro... 19:15 May. 22 -
#Jeju AirJeju Air to raise 170 bln won via stock sale amid virus woes
SEOUL, May 21 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier, said Thursday it will raise 170 billion won (US$138 million) by selling stocks as part of self-help measures amid the... 17:36 May. 21 -
#net foreign assetsS. Korea's net overseas financial assets hit record high in Q1
SEOUL, May 21 (Yonhap) -- South Korea's net overseas financial assets reached a new record high as of the end of March as foreign investment in South Korea fell at a faster rate than its overseas i... 12:00 May. 21 -
#Doosan BocatMoody's downgrades Doosan Bobcat's credit outlook
By Nam Kwang-sik SEOUL, May 21 (Yonhap) -- Global credit appraiser Moody's Investors Service has downgraded its rating outlook on Doosan Bobcat Inc. to stable from positive, retaining the company'... 10:47 May. 21 -
#Kangaroo bondEximbank sells AU$700 mln of bonds in Australia
SEOUL, May 21 (Yonhap) -- The state-run Export-Import Bank of Korea (Eximbank) said Wednesday it has sold 700 million Australian dollars (US$460 million) of bonds in Australia as part of efforts to... 10:08 May. 21 -
#household creditQ1 household debt growth slowest in 1 year due to virus outbreak
SEOUL, May 20 (Yonhap) -- South Korea's household debt grew at the slowest pace in one year in the first quarter, central bank data showed Wednesday, amid a sharp decline in spending apparently cau... 12:00 May. 20 -
#foreign currency depositsFX deposits hit 4-month high in April amid volatility
SEOUL, May 20 (Yonhap) -- Foreign currency deposits at banks in South Korea reached a four-month high in April, central bank data showed Wednesday, amid market fluctuations caused by the new corona... 12:00 May. 20 -
#corporate tax
Corporate tax revenue to fall in 2020 for first time in 6 years: think tank
SEOUL, May 20 (Yonhap) -- South Korea's corporate tax revenue is expected to decline this year for the first time in six years due to the coronavirus impact on major industries, a local think tank ... 11:18 May. 20 -
#financial systemS. Korea to assess risks of 6 financial groups
SEOUL, May 19 (Yonhap) -- South Korea plans to conduct a comprehensive assessment of six financial groups over their potential risk factors, the financial regulator said Tuesday. The Financial S... 17:13 May. 19 -
#fund saleS. Korea to allow cross-border sales of fund products
SEOUL, May 19 (Yonhap) -- South Korea's Cabinet on Tuesday approved a law revision that would allow cross-border sales of fund products among five nations, according to the financial regulator. ... 11:13 May. 19 -
#SC Bank KoreaSC Bank Korea's Q1 net jumps 23 pct
SEOUL, May 15 (Yonhap) -- Standard Chartered Bank Korea said Friday its first-quarter net profit soared more than 23 percent from a year ago on solid revenue. Net income stood at 93.8 billion wo... 15:33 May. 15
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1 Seoul stocks extend gains to third session on hopes of recovery
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(LEAD) Seoul stocks soar to almost 3-month high on hopes of economic reopening
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(LEAD) Seoul stocks extend gains to third session on hopes of recovery
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Overseas card spending dips by most in over decade in Q1 amid pandemic
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5 Seoul stocks trade low on Sino-American dispute worries
News Focus
Market
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BOK's rate cut in the offing, but 'when' still being debated
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BOK again faces rate cut pressure on new coronavirus risk
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BOK to keep policy rate steady amid signs of recovery
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Wealth management service increasingly popular in S. Korea
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BOK tipped to continue monetary easing, at least another rate cut in offing
