Finance

Finance

#Treasury bills
S. Korea to sell 8 tln won of Treasury bills in March.
SEOUL, Feb. 26 (Yonhap) -- South Korea plans to sell 8 trillion won (US$7.1 billion) worth of Treasury bills next month in a bid to fund its expansionary fiscal policy, the finance ministry said Fr... 15:00 Feb. 26
#Treasurys
S. Korea to sell 14 tln won worth of Treasurys in March
SEOUL, Feb. 25 (Yonhap) -- South Korea plans to sell 14 trillion won (US$12.6 billion) in state bonds next month, the finance ministry said Thursday. The ministry will issue 3.1 trillion won in ... 17:00 Feb. 25
#relief fund
4th round of COVID-19 relief handouts may reach more than 19.5 tln won related article
SEOUL, Feb. 25 (Yonhap) -- South Korea's upcoming fourth round of COVID-19 relief handouts may amount to more than 19.5 trillion won (US$17.6 billion), the ruling Democratic Party (DP) said Thursda... 14:40 Feb. 25
#financial stability
S. Korea guards against market volatility: official
SEOUL, Feb. 23 (Yonhap) -- South Korea will focus on strengthening financial stability as stock market volatility has increased amid rising bond yields and concerns about inflation, the vice financ... 09:14 Feb. 23
Watchdog to step up supervision of insurers' overseas alternative investments
SEOUL, Feb. 22 (Yonhap) -- South Korea's financial watchdog said Monday it will keep closer tabs on local insurance companies' overseas alternative investments amid the fallout from the coronavirus... 14:08 Feb. 22
#emergency handout
Finance minister calls for preparations to submit extra budget bill next week
SEOUL, Feb. 22 (Yonhap) -- Finance Minister Hong Nam-ki instructed officials Monday to thoroughly prepare to submit an extra budget proposal next week in a bid to buttress smaller merchants hit har... 12:01 Feb. 22
#ADB
ADB appoints S. Korean expert as its managing director general
SEOUL, Feb. 22 (Yonhap) -- The Asian Development Bank (ADB) has appointed Um Woochong, a South Korean expert in the international development field, as the regional bank's managing director general... 09:40 Feb. 22
#retail investors
Retail investors pare down net stock buying in Feb.
SEOUL, Feb. 21 (Yonhap) -- South Korean retail investors pared down their net buying of local stocks in February as the country's key stock index traded in a tight range following a bull run, data ... 10:18 Feb. 21
#economic growth
Economic uncertainty persists amid protracted pandemic: finance ministry related article
SEOUL, Feb. 19 (Yonhap) -- The South Korean economy faces lingering uncertainty as domestic demand and the job market remain sluggish amid a flare-up in new coronavirus cases, the finance ministry ... 10:00 Feb. 19
#asset managers
Major asset managers log 44 pct jump in 2020 earnings
SEOUL, Feb. 17 (Yonhap) -- Major asset management companies in South Korea saw their earnings soar more than 40 percent in 2020 amid a bullish stock market, data showed Wednesday. The combined n... 08:11 Feb. 17
#extra budget
(2nd LD) More pandemic-hit shopowners may be eligible for relief funds
(ATTN: RECASTS headline, lead; UPDATES with more details throughout; ADDS photo) SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is considering expanding the s... 17:24 Feb. 16
#extra budget
(LEAD) Gov't seeks to submit extra budget bill in early March: finance minister
(ATTN: UPDATES with more details in last 2 paras) SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is seeking to submit an extra budget bill in early March in a... 16:14 Feb. 16
#extra budget
Gov't seeks to submit extra budget bill in early March: finance minister
SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is seeking to submit an extra budget bill in early March in a bid to provide targeted support to merchants and ... 14:46 Feb. 16
NH Financial's net falls 2.5 pct in 2020
SEOUL, Feb. 16 (Yonhap) -- NH Financial Group Inc., a major South Korean banking group, said Tuesday its earnings edged down in 2020 from a year earlier due to increased loan-loss reserves. Net ... 14:24 Feb. 16
#bond yields
Bond yields gather pace on hopes of economic recovery
SEOUL, Feb. 16 (Yonhap) -- Bond yields in South Korea are climbing at a fast pace on hopes of an economic recovery and more stimulus measures in major economies, analysts said Tuesday. The final... 08:31 Feb. 16
#exports
(LEAD) S. Korea's exports jump 69 pct in first 10 days of Feb. related article
(ATTN: UPDATES with more details from para 3; ADDS photo) By Kim Soo-yeon SEOUL, Feb. 15 (Yonhap) -- South Korea's exports jumped 69.1 percent on-year in the first 10 days of February on strong shi... 09:16 Feb. 15
#exports
S. Korea's exports jump 69 pct in first 10 days of Feb. related article
SEOUL, Feb. 15 (Yonhap) -- South Korea's exports jumped 69.1 percent on-year in the first 10 days of February on strong shipments of chips and autos amid the pandemic, customs data showed Monday. ... 08:57 Feb. 15
#banks
S. Korea's major banks likely to keep creditworthiness: S&P
SEOUL, Feb. 13 (Yonhap) -- South Korea's four major commercial banks appear likely to maintain their creditworthiness this year due to adequate capitalization and resilient asset quality, according... 07:35 Feb. 13
#misselling
Sales of high-risk DLS dip 31 pct in H1 of 2020
SEOUL, Feb. 10 (Yonhap) -- The issuance of high-risk derivatives-linked securities (DLS) in South Korea plunged 31 percent in the first half of 2020 amid the fallout from a misselling scandal, data... 08:17 Feb. 10
#tax revenue
(LEAD) S. Korea's tax revenue down 7.9 tln won last year
(ATTN: UPDATES with more details in paras 3-5) SEOUL, Feb. 9 (Yonhap) -- South Korea's tax revenue fell 7.9 trillion won (US$7.1 billion) in 2020 from a year earlier as corporate tax earnings declin... 14:45 Feb. 09