Finance

Finance

#Moodys-Lotte Shopping
Moody's lowers Lotte Shopping's outlook to negative
SEOUL, Feb. 21 (Yonhap) -- Moody's Investors Service on Friday lowered its outlook for Lotte Shopping Co. to negative from stable due to the growing impact of the spreading coronavirus on its retai... 17:53 Feb. 21
Koreans' overseas card spending drops in 2019
SEOUL, Feb. 21 (Yonhap) -- Overseas card spending by South Koreans fell for the first time in a decade in 2019 amid a slowdown in the number of outbound travelers and a weak local currency, central... 12:00 Feb. 21
#foreign asset
S. Korea's net foreign assets hit new high in 2019
SEOUL, Feb. 20 (Yonhap) -- South Korea's net overseas assets reached an all-time high in 2019, thanks mainly to increased stock investments, central bank data showed Thursday. The country's net ... 14:45 Feb. 20
#hedge fund
(LEAD) Watchdog to target operator, sellers in hedge fund probe
(ATTN: ADDS more info in last 4 paras) SEOUL, Feb. 18 (Yonhap) -- South Korea's financial watchdog will likely focus its first on-site probe into a major hedge fund fiasco on its operator and three... 14:06 Feb. 18
#hedge fund
Watchdog to target operator, sellers in hedge fund probe
SEOUL, Feb. 18 (Yonhap) -- South Korea's financial watchdog will likely focus its first on-site probe into a major hedge fund fiasco on its operator and three major sales agents, industry sources s... 10:29 Feb. 18
#non-life insurers
S. Korean non-life insurers' combined net profit falls 39.5 pct in 2019
SEOUL, Feb. 16 (Yonhap) -- Major non-life insurance firms in South Korea saw their combined net profit fall 39.5 percent last year due to increased losses from their automobile and health insurance... 14:56 Feb. 16
#steel plant-fire
(2nd LD) Fire at steel plant contained, no casualties reported
(ATTN: ADDS updated information throughout) SEOUL, Feb. 15 (Yonhap) -- Firefighters worked to put out a fire at a steel plant south of Seoul, with no casualties reported, authorities said Saturday... 16:41 Feb. 15
#steel plant-fire
(LEAD) Fire at steel plant contained, no casualties reported
(ATTN: ADDS details throughout) SEOUL, Feb. 15 (Yonhap) -- Firefighters worked to extinguish a fire at a steel plant south of Seoul, with no casualties reported, authorities said Saturday. The... 15:16 Feb. 15
#steel plant-fire
Fire at steel plant contained, no casualties reported
SEOUL, Feb. 15 (Yonhap) -- Firefighters worked to extinguish a fire at a steel processing plant south of Seoul, authorities said Saturday. The 119 Rescue Center received a report of a fire at t... 14:45 Feb. 15
#coronavirus
(LEAD) BOK chief says will maintain ample liquidity
(ATTN: RECASTS lead; UPDATES with additional remarks from BOK chief in paras 11-12) SEOUL, Feb. 14 (Yonhap) -- The head of South Korea's central bank said Friday the country will continue to mainta... 14:30 Feb. 14
#coronavirus
BOK chief says will maintain ample liquidity
SEOUL, Feb. 14 (Yonhap) -- The head of South Korea's central bank said Friday the country will continue to maintain ample liquidity to help minimize the fallout from the outbreak of the new coronav... 13:54 Feb. 14
Korea's money supply grows in Dec.
SEOUL, Feb. 14 (Yonhap) -- South Korea's money supply continued to grow from a month earlier in December on a rise in bank deposits, central bank data showed Friday. The country's M2 came to 2,9... 12:00 Feb. 14
#stock
Foreigners net purchase Korean stocks, bonds in Jan.
SEOUL, Feb. 12 (Yonhap) -- Foreign investors snapped a three-month selling streak to net purchase South Korean stocks and bonds in January, central bank data showed Wednesday. Foreigners net pur... 12:00 Feb. 12
#Woori Bank
Woori Financial picks new CEO for banking unit
SEOUL, Feb. 11 (Yonhap) -- Woori Financial Group, a major South Korean banking group, said Tuesday that it has selected Kwon Kwang-seok, head of the credit and insurance unit at the Korean Federati... 16:52 Feb. 11
#household debt
Household debt growth sharply decelerates in Jan.
SEOUL, Feb. 11 (Yonhap) -- The household debt extended by banks in South Korea slowed sharply in January from a month earlier due to a seasonal factor, central bank data showed Tuesday. Fresh ba... 12:00 Feb. 11
#coronavirus
(News Focus) BOK again faces rate cut pressure on new coronavirus risk
By Byun Duk-kun SEOUL, Feb. 11 (Yonhap) -- South Korea's central bank is again facing pressure to deliver more interest rate cuts to shield Asia's fourth-largest economy from the fast spread of the... 10:19 Feb. 11
#state pension
State pension's return hits 10-year high in 2019
SEOUL, Feb. 11 (Yonhap) -- South Korea's state pension fund posted the highest return rate in 10 years in 2019 due mainly to bullish stock markets at home and abroad, its operator said Tuesday. ... 08:34 Feb. 11
#hedge fund
S. Korea set to unveil steps for hedge fund reform
SEOUL, Feb. 10 (Yonhap) -- South Korean financial authorities are poised to reform the way local hedge funds manage investment risks after a cash crunch at the industry leader sparked an uproar. ... 15:27 Feb. 10
#stocks
Foreigners buy Seoul stocks for 2nd straight month in Jan.
SEOUL, Feb. 10 (Yonhap) -- Foreign investors became net buyers of South Korean stocks for the second straight month in January and increased their investment in local bonds, data showed Monday. ... 09:43 Feb. 10
#NPS
NPS raises number of big-stake firms
SEOUL, Feb. 10 (Yonhap) -- South Korea's state pension provider owns 5 percent or more of over 300 listed companies amid increased shareholder activism by the service, a financial information provi... 09:20 Feb. 10