Finance

Finance

#coronavirus-financial impact
Outbreak of coronavirus likely to have limited impact on financial market: KIC chief
SEOUL, Feb. 6 (Yonhap) -- The outbreak of the new coronavirus will likely have a temporary and limited impact on the financial market, the head of South Korea's sovereign wealth fund said Thursday,... 14:26 Feb. 06
#Australia
S. Korea, Australia sign new, expanded currency swap deal
SEOUL, Feb. 6 (Yonhap) -- South Korea and Australia renewed their currency swap deal Thursday to ensure a steady exchange of goods and services between the two countries, Seoul's central bank said.... 14:09 Feb. 06
#S&P-Hyundai supply disruptions
Virus-caused supply chain disruptions to affect Hyundai: S&P
SEOUL, Feb. 6 (Yonhap) -- Supply chain disruptions in China caused by the new coronavirus outbreak will likely hurt the first-quarter performance at Hyundai Motor Co. and Kia Motors Corp., S&P Glob... 10:09 Feb. 06
#FX reserves
Korea's FX reserves climbs to new record high in Jan.
SEOUL, Feb. 5 (Yonhap) -- South Korea's foreign exchange (FX) reserves again reached a new record high last month, largely on an increase in gains from investing the excess funds, central bank data... 06:00 Feb. 05
#BOK monetary policy board
BOK board members see slow but clear signs of improvement: minutes
By Byun Duk-kun SEOUL, Feb. 4 (Yonhap) -- A majority of South Korea's monetary policy board members apparently see gradual but definite signs of improvements in economic conditions surrounding the ... 16:47 Feb. 04
#Malaysia
S. Korea extends currency swap deal with Malaysia
SEOUL, Feb. 3 (Yonhap) -- South Korea and Malaysia agreed on Monday to expand their currency swap deal by three years, South Korea's central bank said. Under the extended deal, the countries' ce... 16:00 Feb. 03
#BOK
S. Korea's daily FX turnover jumps to record high in 2019
SEOUL, Jan. 31 (Yonhap) -- The daily foreign exchange (FX) turnover by local and foreign banks in South Korea climbed to an all-time high in 2019 on a sharp increase in the transaction of derivativ... 12:00 Jan. 31
#derivatives
(LEAD) Watchdog reprimands top executives of 2 major banks over product misselling
(ATTN: UPDATES with details in paras 3-4, 8) SEOUL, Jan. 30 (Yonhap) -- South Korea's financial watchdog on Thursday issued reprimands to top executives of two major commercial lenders over imprope... 23:15 Jan. 30
#derivatives
Watchdog reprimands top executives of 2 major banks over product misselling
SEOUL, Jan. 30 (Yonhap) -- South Korea's financial watchdog on Thursday issued reprimands to top executives of two major commercial lenders over improper selling of derivatives-linked products. ... 22:09 Jan. 30
#counterfeit bills
No. of fake banknotes dips to record low in 2019
SEOUL, Jan. 29 (Yonhap) -- The number of counterfeit South Korean banknotes dropped to a new record low in 2019, the Bank of Korea (BOK) said Wednesday, due to what it called an enhanced security s... 12:00 Jan. 29
#corporate financing
Corporate direct financing jumps 3.3 pct in 2019: data
SEOUL, Jan. 28 (Yonhap) -- South Korean companies' equity and debt sales rose 3.3 percent on-year in 2019 due mainly to a rise in corporate bond issuance, data showed Tuesday. Local companies ra... 14:02 Jan. 28
#household debt
Household debt grows at slower but steady pace in 2019
SEOUL, Jan. 26 (Yonhap) -- Bank loans extended to South Korean households continued to grow at a steady but slightly slower rate from a year earlier in 2019, central bank data showed Sunday, amid g... 10:25 Jan. 26
#Woori Bank
Woori Financial to shortlist new CEO candidates for banking unit
By Kim Kwang-tae SEOUL, Jan. 25 (Yonhap) -- Woori Financial Group, a major South Korean banking group, plans to shortlist new CEO candidates for its flagship banking unit next week, a company offic... 10:32 Jan. 25
#Fitch-coronavirus effect
Tour-related businesses to suffer most from Wuhan virus: Fitch
SEOUL, Jan. 24 (Yonhap) -- Fitch Ratings, a global credit ratings firm, said Friday companies involved in the tourism business will bear the brunt of the spreading Wuhan coronavirus if the scale of... 15:51 Jan. 24
#foreign exchange reserves
Seoul's FX reserves may be near optimum level: officials
SEOUL, Jan. 24 (Yonhap) -- South Korea's foreign exchange (FX) reserves may currently be near their optimum level, central bank officials said Friday. The country's foreign exchange reserves cam... 08:24 Jan. 24
#stocks
(LEAD) Seoul stocks sharply down amid new coronavirus fear
(ATTN: UPDATES with bond yields at bottom; ADDS photo) SEOUL, Jan. 23 (Yonhap) -- South Korean shares ended lower Thursday after a rebound of more than 1 percent the previous day, as foreign and in... 16:37 Jan. 23
#stocks
Seoul stocks sharply down amid new coronavirus fear
SEOUL, Jan. 23 (Yonhap) -- South Korean shares ended lower Thursday after a rebound of more than 1 percent the previous day, as foreign and institutional investors were cautious amid rising concern... 15:55 Jan. 23
BOK floats 6 tln won worth of fresh bills ahead of Lunar New Year's Day
SEOUL, Jan. 23 (Yonhap) -- The Bank of Korea said Thursday it has issued over 6 trillion won (US$5.15 billion) worth of fresh banknotes ahead of the Lunar New Year holiday that starts on Friday. ... 12:00 Jan. 23
#stocks
Seoul stocks trim earlier losses amid new coronavirus fear
SEOUL, Jan. 23 (Yonhap) -- Seoul stocks trimmed earlier losses late Thursday morning amid rising concerns over the spread of Wuhan coronavirus. The benchmark Korea Composite Stock Price Index ha... 11:30 Jan. 23
#stocks
Seoul stocks open lower ahead of holidays
SEOUL, Jan. 23 (Yonhap) -- Seoul stocks opened lower Thursday as investors took to the sidelines ahead of this week's Lunar New Year holiday and fears over the spread of Wuhan coronavirus. The b... 09:35 Jan. 23