Finance

Finance

S. Korea's corporate bond sales soar 74 pct in July
SEOUL, Aug. 7 (Yonhap) -- Corporate bond issues in South Korea shot up nearly 74 percent in July due to higher sales of low-grade debt, industry data showed Friday. South Korean companies floate... 10:57 Aug. 07
#service output-Q2 tally
Service output dips in Q2 amid pandemic
SEOUL, Aug. 6 (Yonhap) -- Service output declined in 16 provinces and cities in South Korea in the second quarter as the new coronavirus outbreak affected the service industry, data showed Thursday... 12:00 Aug. 06
#current account
(LEAD) S. Korea's current account surplus widens in June, but H1 surplus at 8-year low amid pandemic
(ATTN: REWRITES headline; UPDATES with more details throughout) By Kim Soo-yeon SEOUL, Aug. 6 (Yonhap) -- South Korea's current account surplus hit an eight-month high in June as the pace of export... 10:03 Aug. 06
#current account
S. Korea's June current account surplus widens, but H1 surplus hits 8-year low amid pandemic
By Kim Soo-yeon SEOUL, Aug. 6 (Yonhap) -- South Korea's current account surplus hit an eight-month high in June as the pace of export falls slowed amid major countries' economic reopenings followin... 08:00 Aug. 06
#current account
(URGENT) S. Korea's current account surplus reaches US$6.88 bln in June
08:00 Aug. 06
#Kakao Bank
Online lender Kakao Bank's net rises ninefold in Q2 related article
SEOUL, Aug. 5 (Yonhap) -- Kakao Bank, South Korea's top internet-only lender, said Wednesday its second-quarter earnings soared nearly ninefold from a year ago due mainly to more interest income. ... 14:14 Aug. 05
#property market
(LEAD) Gov't to push forward home supply plan: finance minister related article
(ATTN: ADDS 2nd photo and Seoul city official's explanation in paras 5-8, background in last 3 paras) SEOUL, Aug. 5 (Yonhap) -- South Korea will push forward its latest housing supply plan in great... 11:30 Aug. 05
#property market
Gov't to push forward home supply plan: finance minister related article
SEOUL, Aug. 5 (Yonhap) -- South Korea will push forward its latest housing supply plan in Seoul and the neighboring areas as scheduled despite simmering discord with the Seoul city government, the ... 09:48 Aug. 05
#FX reserves
S. Korea's FX reserves hit fresh high in July
SEOUL, Aug. 5 (Yonhap) -- South Korea's foreign reserves rose for the fourth consecutive month in July, hitting a record high on a rise in the value of non-dollar assets and an increase in investme... 06:00 Aug. 05
S. Korean banks' credit loans soar in July
SEOUL, Aug. 4 (Yonhap) -- South Korean banks' credit loans to individuals surged for the second consecutive month in July due to soaring housing costs and other factors, industry data showed Tuesda... 09:11 Aug. 04
#stocks-weekly
Seoul stocks to be in tight range next week; data, stimulus packages in focus related article
SEOUL, Aug. 1 (Yonhap) -- South Korean stocks are expected to move in a tight range next week, as investors remain watchful over the U.S. stimulus package under way, analysts said Saturday. The... 11:34 Aug. 01
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Aug. 1 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Aug. 1. Korean-language dailies -- Increase in standard median income falls short of low-income br... 09:04 Aug. 01
#North Korea
N. Korean economy rebounds in 2019 on exports: BOK related article
SEOUL, July 31 (Yonhap) -- North Korea's economy is estimated to have expanded 0.4 percent from a year earlier in 2019, marking its first positive growth in three years on increased exports that ca... 12:00 Jul. 31
#bank rates
Banks' lending rates drop in June on record low key rate related article
SEOUL, July 31 (Yonhap) -- Rates charged on fresh bank loans in South Korea dropped sharply from a month earlier in June, shortly after the Bank of Korea (BOK) sent its policy rate to a fresh low i... 12:00 Jul. 31
Prosecutors charge key suspects in suspected hedge fund fraud
SEOUL, July 31 (Yonhap) -- Prosecutors have indicted the chief executive officer of an asset management company over his alleged involvement in a massive hedge fund scandal. The Seoul Southern D... 11:51 Jul. 31
#banknotes
No. of damaged banknotes grows amid coronavirus scare related article
SEOUL, July 31 (Yonhap) -- The number of damaged banknotes found in South Korea grew slightly from a year earlier in the first six months of the year, with some people trying to sanitize their mone... 09:43 Jul. 31
#ABS issuance
ABS issuance nearly doubles in H1
SEOUL, July 31 (Yonhap) -- The issuance of asset-backed securities (ABS) in South Korea rose 98.2 percent in the first half of this year from a year earlier due to a hike in sales of government-led... 06:00 Jul. 31
#state pension
State pension fund logs investment return through May
SEOUL, July 30 (Yonhap) -- South Korea's state pension fund racked up a return through May after suffering a setback in the first four months of the year amid the coronavirus pandemic, its operator... 16:10 Jul. 30
#Bank of Korea
BOK to extend special lending program amid pandemic
SEOUL, July 30 (Yonhap) -- The Bank of Korea (BOK) said Thursday it will extend a special loan scheme for local banks, brokerages and insurers by three months to help them fend off a possible fundi... 11:37 Jul. 30
#stock-related transactions
Stock-related transactions soar 19 pct in H1
SEOUL, July 30 (Yonhap) -- The amount of stock-related transactions in South Korea leaped almost 19 percent in the first half this year, largely as a low interest rate provided ample liquidity in t... 10:57 Jul. 30