Finance

Finance

#IBK-2018 earnings
Industrial Bank of Korea's net profit jumps 17 pct in 2018
SEOUL, Feb. 11 (Yonhap) -- The state-run Industrial Bank of Korea (IBK) said Monday its net profit surged 17.0 percent in 2018 from a year earlier on the back of higher interest income and rising p... 16:15 Feb. 11
#Woori Bank-earnings
(LEAD) Woori Bank's net profit surges 33 pct in 2018
(ATTN: RECASTS lead; ADDS more details in last 4 paras) SEOUL, Feb. 11 (Yonhap) -- Woori Bank, a major South Korean commercial lender, said Monday its net profit for 2018 soared 33.34 percent from... 15:33 Feb. 11
#Woori Bank-earnings
Woori Bank's net profit surges 33 pct in 2018
SEOUL, Feb. 11 (Yonhap) -- Woori Bank, a major South Korean commercial lender, said Monday its net profit for last year soared 33.34 percent from a year earlier. Net profit came to 2.04 trillion... 14:36 Feb. 11
#IMF-financial checkup
IMF, World Bank to visit S. Korea for financial system assessment
SEOUL, Feb. 11 (Yonhap) -- Officials from the International Monetary Fund (IMF) and the World Bank will visit South Korea this week for a regular assessment of the nation's financial system, offici... 12:00 Feb. 11
#overseas derivatives
Regulator warns against overseas derivatives investment
SEOUL, Feb. 11 (Yonhap) -- South Korea's financial regulator on Monday warned retail investors against the trading of overseas derivatives products, saying local investors have incurred losses from... 12:00 Feb. 11
#banks-interest income
Banks' loan-deposit spread widens, interest income soars in 2018
SEOUL, Feb. 11 (Yonhap) -- The average loan-deposit spread of South Korean banks rose to a five-year high in 2018, which is forecast to lead to record-high interest earnings, data showed Monday. ... 10:19 Feb. 11
#P2P lending
Gov't seeks to raise individuals' investment ceiling for P2P lending
SEOUL, Feb. 11 (Yonhap) -- The government is seeking to raise individuals' investment ceiling for peer-to-peer (P2P) lending, while bolstering regulations to protect investors, officials said Monda... 10:08 Feb. 11
#investment funds tally
Investment funds' influence on stock market rises in 2018: data
SEOUL, Feb. 10 (Yonhap) -- The proportion of South Korean investment funds out of the country's total stock market capitalization grew to a nearly three-year high in 2018, data showed Sunday. Sh... 16:11 Feb. 10
#banking sector-policy
Accommodative monetary policy increases banks' risky assets: report
SEOUL, Feb. 10 (Yonhap) -- Accommodative monetary policy increases commercial banks' appetite for risky assets as they try to seek higher profits amid a low interest rate trend, a report said Sunda... 12:00 Feb. 10
S. Korean Bond Yields on Feb. 8, 2019
Today (%) Previous Session(%) Change (BP) 1-year TB 1.743 1.751 -0.8 3-year TB 1.786 1.801 -1.5 10-year TB 1.96... 16:29 Feb. 08
#KB Financial
KB Financial's net profit falls 7.3 pct in 2018
SEOUL, Feb. 8 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, said Friday its net profit declined 7.3 percent on year in 2018, hit by outlays related to job cuts. Net p... 15:51 Feb. 08
The Korea Interbank Offered Rates (KORIBOR)
SEOUL, Feb. 8 (Yonhap) -- The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. Term ... 11:08 Feb. 08
#FX reserves-January
S. Korea's FX reserves hit another record high in Jan.
SEOUL, Feb. 8 (Yonhap) -- South Korea's foreign exchange reserves rose to a new record high last month on a weakening U.S. dollar trend, central bank data showed Friday. The total value of forei... 06:00 Feb. 08
#financial firms-directors
Most financial firms fail to properly disclose activities of outside directors
SEOUL, Feb. 7 (Yonhap) -- Most financial firms failed to properly disclose activities of their outside directors in 2017, a report showed Thursday, amid criticism that non-executive boards at finan... 12:00 Feb. 07
#mobile payment
Gov't to ease rule on recharging credit at mobile payment platforms
SEOUL, Feb. 7 (Yonhap) -- The government plans to ease a rule on recharging credit at mobile payment platforms as it seeks to promote the financial technology sector, an official said Thursday. ... 10:12 Feb. 07
#household lending
S. Korean banks' household lending slows in January
SEOUL, Feb. 6 (Yonhap) -- South Korea's major banks saw the growth pace of their household lending slow down in January due to marginal growth in mortgage loans, industry data showed Wednesday. ... 13:39 Feb. 06
#won-yen exchange rate
Korean currency weakens to over 2-year low against yen in Jan.: data
SEOUL, Feb. 3 (Yonhap) -- The Korean currency weakened to an over two-year low against the yen last month as concerns about a global economic slowdown prompted investors to search for safer assets,... 11:13 Feb. 03
#South Korea
S. Korea's default risk dips to lowest in 11 years: report
SEOUL, Feb. 2 (Yonhap) -- The possibility of South Korea defaulting on its credit loans has dipped to the lowest level in over 11 years, with its credit default risk shrinking to lower than those o... 09:46 Feb. 02
#card spending-Q4
Card spending in S. Korea increases nearly 10 pct in Q4
SEOUL, Feb. 1 (Yonhap) -- South Koreans' card spending rose nearly 10 percent in the fourth quarter of last year from a year earlier, industry data showed Friday. According to the data by the Cr... 09:34 Feb. 01
#Hana Financial-earnings
Hana Financial's net profit hits all-time high in 2018
SEOUL, Jan. 31 (Yonhap) -- Hana Financial Group Inc., a major South Korean banking group, said Thursday its net profit reached a record high last year on the back of solid interest income. Net p... 17:28 Jan. 31