Finance

Finance

#Shinhan Bank
Shinhan Bank to issue 200 bln won in hybrids
SEOUL, Oct. 23 (Yonhap) -- Major South Korean lender Shinhan Bank said Friday it will issue 200 billion won (US$176 million) worth of hybrid bonds in November to bolster its financial health. Th... 14:13 Oct. 23
Retail investors incur big losses from foreign derivative investments in H1
SEOUL, Oct. 23 (Yonhap) -- South Korean retail investors' losses from investments in overseas financial derivatives nearly doubled in the first half of the year from a year earlier, data showed Fri... 09:41 Oct. 23
#currency swap
(LEAD) S. Korea, China up currency swap size related article
(ATTN: UPDATES with more details in last two paras) SEOUL, Oct. 22 (Yonhap) -- South Korea and China signed a deal to extend their bilateral currency swap agreement and expand the size, the Bank of... 15:17 Oct. 22
#FX deposits
Residents' FX deposits slip in Sept. from record high
SEOUL, Oct. 22 (Yonhap) -- Foreign currency deposits at banks in South Korea declined in September from the previous month's record high as companies tapped dollar holdings for import settlement, c... 12:00 Oct. 22
#currency swap
S. Korea, China up currency swap size related article
SEOUL, Oct. 22 (Yonhap) -- South Korea and China signed a deal to extend their bilateral currency swap agreement and expand the size, the Bank of Korea (BOK) said Thursday, a move aimed at helping ... 12:00 Oct. 22
#Moody's-Hyundai quality expenses
Moody's says quality-related expenses credit negative for Hyundai
SEOUL, Oct. 22 (Yonhap) -- Moody's Investors Service said Thursday that Hyundai Motor Group's 3.4 trillion-won (US$3 billion) quality-related provisions will be credit negative for the South Korean... 09:33 Oct. 22
#financial regulator-penalty
Regulator decides to cancel biz certificate of asset management firm
SEOUL, Oct. 20 (Yonhap) -- South Korea's financial regulator said Tuesday it has decided to cancel the business registration certificate of a local asset management company due to an illegal act. ... 22:13 Oct. 20
#state pension-partnership
S. Korea state pension partners with Dutch fund for joint investments
SEOUL, Oct. 20 (Yonhap) -- South Korea's state pension fund said Tuesday it has partnered with its Dutch counterpart to make joint investments in overseas assets. The National Pension Service (... 19:29 Oct. 20
#bond sales
Bond, CD issuance in S. Korea swells 14.1 pct in Q3
SEOUL, Oct. 20 (Yonhap) -- Sales of bonds and certificates of deposits (CDs) in South Korea climbed more than 14 percent in the third quarter of the year from a year earlier, data showed Tuesday. ... 10:49 Oct. 20
#demand deposits
S. Korea's demand deposit turnover hits nadir in Aug.
SEOUL, Oct. 20 (Yonhap) -- South Korea's demand deposit turnover ratio hit an all-time low in August amid growing uncertainty due to the coronavirus pandemic, central bank data showed Tuesday, T... 09:09 Oct. 20
#economic outlook
Fitch expects BOK to cut policy rate again this year related article
By Kim Soo-yeon SEOUL, Oct. 19 (Yonhap) -- Global credit appraiser Fitch Ratings said Monday that it expects South Korea's central bank to cut its policy rate by a quarter percentage point this yea... 17:35 Oct. 19
#sovereign fund
Ratio of sovereign wealth fund's alternative assets dips in 2019
SEOUL, Oct. 16 (Yonhap) -- South Korea's sovereign wealth fund cut the ratio of alternative assets to its total investments for the first time in 10 years in 2019, data showed Monday. Korea Inve... 14:26 Oct. 19
#economic talks
S. Korea, China's top economic policymakers hold talks after nearly 3 years
SEOUL, Oct. 16 (Yonhap) -- The top economic policymakers of South Korea and China held talks for the first time in nearly three years Friday, focused on ways to boost tourism battered by the new co... 20:22 Oct. 16
#Woori Bank
Woori Bank sells AU$400 mln in bonds in Australia
SEOUL, Oct. 16 (Yonhap) -- Major South Korean lender Woori Bank said Friday it has issued AU$400 million (US$283 million) in bonds in Australia as part of efforts to help coronavirus-hit South Kore... 10:57 Oct. 16
BOK chief vows soft monetary policy to bolster virus-hit economy
SEOUL, Oct. 16 (Yonhap) -- The Bank of Korea (BOK) will maintain a soft monetary policy to bolster the recovery of the South Korean economy hit by the coronavirus pandemic, the top central banker s... 10:30 Oct. 16
#export prices
S. Korea's export prices fall for 2nd consecutive month in Sept. related article
SEOUL, Oct. 16 (Yonhap) -- South Korea's export prices fell for the second straight month in September as oil costs declined and the local currency gained against the U.S. dollar, central bank data... 06:00 Oct. 16
#economic outlook
S. Korean economy to perform well over next 2 years, but still in deep recession: S&P
SEOUL, Oct. 15 (Yonhap) -- The South Korean economy is expected to fare better than other countries over the next two years, but it will be in a deep recession amid the coronavirus pandemic, an eco... 14:39 Oct. 15
Banks' loan delinquency rate edges up in Aug.
SEOUL, Oct. 15 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans inched higher in August from the prior month but remained stable, the financial watchdog said Thursday.... 14:26 Oct. 15
#money supply
S. Korea's money supply continues to grow fast in Aug. related article
SEOUL, Oct. 15 (Yonhap) -- South Korea's money supply continued to grow at a fast clip in August as household and corporate lending grew amid a long streak of low rates and the new coronavirus pand... 12:00 Oct. 15
#financial markets
Foreigners extend net sale of S. Korean securities funds for 2nd month in Sept.
SEOUL, Oct. 15 (Yonhap) -- Foreign investors extended a net sale of South Korean securities funds for the second straight month in September, led by an expansion in net offloading of stock funds, t... 12:00 Oct. 15