Finance

Finance

#IMF-growth outlook
IMF cuts S. Korea's growth forecast to 2 pct for this year
SEOUL, Oct. 15 (Yonhap) -- The International Monetary Fund on Tuesday lowered its growth forecast for South Korea's economy this year to 2 percent from its previous outlook of 2.6 percent amid a gl... 22:00 Oct. 15
#internet bank-application
(3rd LD) Three consortia apply for internet-only bank: regulator
(ATTN: ADDS details in para 4, paras 9-12) SEOUL, Oct. 15 (Yonhap) -- South Korea's financial regulator said Tuesday it received applications from three consortia, including one led by a fintech f... 19:21 Oct. 15
#internet bank-application
(2nd LD) Three consortia apply for internet-only bank: regulator
(ATTN: UPDATES with regulator's announcement) SEOUL, Oct. 15 (Yonhap) -- South Korea's financial regulator said Tuesday it received applications from three consortia, including one led by a fintec... 19:05 Oct. 15
#global tech firms-taxation
(2nd LD) Global tech firms with servers overseas 'taxable': official
(ATTN: UPDATES with Google's response in last para) SEOUL, Oct. 15 (Yonhap) -- Global tech firms with their servers overseas can be taxable if they run business operations in South Korea, a senior ... 18:26 Oct. 15
#global tech firms-taxation
(LEAD) Global tech firms with servers overseas 'taxable': official
(ATTN: UPDATES with no immediate reaction from Google in last para; ADDS photo) SEOUL, Oct. 15 (Yonhap) -- Global tech firms with their servers overseas can be taxable if they run business operatio... 17:34 Oct. 15
S. Korean Bond Yields on Oct. 15, 2019
Today (%) Previous Session(%) Change (BP) 1-year TB 1.272 1.273 -0.1 3-year TB 1.281 1.281 -- 10-year TB 1.499 ... 16:35 Oct. 15
#global tech firms-taxation
Global tech firms with servers overseas 'taxable': official
SEOUL, Oct. 15 (Yonhap) -- Global tech firms with their servers overseas can be taxable if they run business operations in South Korea, a senior tax official said Tuesday. "If Seoul-based affili... 16:19 Oct. 15
#internet bank-application
(LEAD) Fintech firm Viva Republica-led consortium applies for internet-only bank
(ATTN: UPDATES throughout with details) SEOUL, Oct. 15 (Yonhap) -- Fintech firm Viva Republica said Tuesday that its consortium has applied for a license to set up a new internet-only bank in Sout... 15:20 Oct. 15
#money supply
Korea's money supply growth hits 4-month high in Aug.
SEOUL, Oct. 15 (Yonhap) -- South Korea's money supply grew sharply from a month earlier in August, with the rate of increase also picking up pace to a four-month high, central bank data showed Tues... 12:00 Oct. 15
#internet bank-application
Fintech firm Viva Republica-led consortium applies for internet-only bank
SEOUL, Oct. 15 (Yonhap) -- Fintech firm Viva Republica said Tuesday that its consortium has applied for a license to set up a new internet-only bank in South Korea. The consortium includes KEB H... 09:57 Oct. 15
#bond yields-close
S. Korean Bond Yields on Oct. 14, 2019
Today (%) Previous Session(%) Change (BP) 1-year TB 1.273 1.272 +0.1 3-year TB 1.281 1.281 -- 10-year TB 1.488 ... 16:33 Oct. 14
#BOK
(News Focus) BOK's rate cut on the table amid increased downside risks
By Byun Duk-kun SEOUL, Oct. 14 (Yonhap) -- The Bank of Korea (BOK) is widely expected to slash its policy rate this week amid increased headwinds, though it may expect little or no effect without i... 14:33 Oct. 14
#lending
Banks likely to tighten loans in Q4: survey
SEOUL, Oct. 14 (Yonhap) -- Banks in South Korea will likely tighten their rules on fresh loans in the remainder of the year as a rise in risk for both households and businesses amid a prolonged slu... 12:00 Oct. 14
#equity trust-potential loss
Investors eye risks of betting on Hong Kong-tied equity trusts
SEOUL, Oct. 14 (Yonhap) -- High-risk financial instruments that are designed to bet on Hong Kong's stock market need to be carefully monitored amid concerns about potential losses, as massive democ... 11:09 Oct. 14
#foreign investors-stock market
Foreigners remain net sellers of South Korean stocks in September
SEOUL, Oct. 14 (Yonhap) -- Offshore investors remained net sellers of South Korean stocks for a second consecutive month in September amid the Korean currency's weakness against the U.S. dollar, da... 06:00 Oct. 14
Foreigners net sell Korean stocks but boost overall investment in Sept.
SEOUL, Oct. 13 (Yonhap) -- Foreign investors continued to sell South Korean stocks last month, while raising their investment in local bonds, central bank data showed Sunday. Foreign funds' inve... 12:00 Oct. 13
S. Korean Bond Yields on Oct. 11, 2019
Today (%) Previous Session(%) Change (BP) 1-year TB 1.272 1.271 +0.1 3-year TB 1.281 1.276 +0.5 10-year TB 1.488 ... 16:27 Oct. 11
#household debt
Household debt growth slows in Sept.
By Byun Duk-kun SEOUL, Oct. 11 (Yonhap) -- Household debt growth in South Korea slowed from a month earlier last month, central bank data showed Friday, amid government efforts to curb real estate ... 12:00 Oct. 11
#BOK
Households' excess funds up in Q2
SEOUL, Oct. 11 (Yonhap) -- Excess funds held by South Korean households and nonprofit organizations rose sharply from a year earlier in the second quarter, central bank data showed Friday, amid gov... 12:00 Oct. 11
#Woori Financial-debt sale
Woori Financial floats 500 bln won in hybrids
SEOUL, Oct. 11 (Yonhap) -- Woori Financial Group Inc., a major South Korean banking group, said Friday it has raised 500 billion won (US$419.5 million) by selling hybrid securities to bolster its ca... 10:11 Oct. 11