Finance

Finance

#financial watchdog
Financial watchdog chief warns financial firms of seeking short-term gains
SEOUL, Dec. 2 (Yonhap) -- South Korea's financial watchdog chief expressed concerns Monday over financial companies' practices of seeking short-term gains, citing the recent mis-selling of derivati... 11:30 Dec. 02
#open banking-formal launch
S. Korea to formally launch open banking service this month
SEOUL, Dec. 1 (Yonhap) -- Commercial banks in South Korea plan to formally launch an open banking service later this month, in a move to boost convenience and lower transaction costs for their cust... 14:57 Dec. 01
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Friday. ---------------- (LEAD) S. Korean economy expected to grow around 2 pct in 2019: BOK SEOUL -- The Ba... 13:33 Nov. 29
#BOK
(3rd LD) BOK keeps base rate steady, sees slower economic growth
(ATTN: UPDATES with additional remarks from BOK chief in paras 17-21; RECASTS 6th para to correct to October when the BOK board last slashed the policy rate) By Byun Duk-kun SEOUL, Nov. 29 (Yonhap)... 12:57 Nov. 29
#BOK
(2nd LD) BOK keeps base rate steady, sees slower economic growth
(ATTN: CHANGES headline, lead; UPDATES with remarks from BOK chief, additional information, more details in paras 2-5, 10-16; TRIMS) By Byun Duk-kun SEOUL, Nov. 29 (Yonhap) -- The Bank of Korea (BO... 12:14 Nov. 29
#NPS
State pension fund logs near 9 pct return in Jan.-Sept.
SEOUL, Aug. 29 (Yonhap) -- South Korea's state pension fund posted a return rate of nearly 9 percent in the first nine months of 2019 on robust performances in domestic and overseas stock markets, ... 11:17 Nov. 29
#BOK
(LEAD) BOK keeps base rate steady, waiting for previous rate cuts to kick in
(ATTN: RECASTS headline; UPDATES with reports of BOK statement on its latest monetary policy decision, minor changes in paras 3-5, 13-14; ADDS photo) By Byun Duk-kun SEOUL, Nov. 29 (Yonhap) -- The ... 10:51 Nov. 29
Full text of BOK statement on monetary policy decision in Nov.
SEOUL, Nov. 29 (Yonhap) -- The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board decided Friday to keep the base ... 10:47 Nov. 29
#BOK
BOK keeps base rate steady, waiting for previous rate cuts to kick in
By Byun Duk-kun SEOUL, Nov. 29 (Yonhap) -- The Bank of Korea (BOK) on Friday left the base interest rate unchanged at a record low, at least for the remainder of this year, despite a widely anticip... 09:52 Nov. 29
(URGENT) BOK keeps base rate frozen at 1.25 pct.
09:52 Nov. 29
#news summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Thursday. ---------------- Chinese FM Wang Yi to visit Seoul next week for talks on bilateral ties, peninsul... 17:00 Nov. 28
#banks
Banks' lending rates drop sharply in Oct.
Nov. 28 (Yonhap) -- Lending rates on fresh loans extended by banks in South Korea sharply fell from a month earlier in October, central bank data showed Thursday, an apparent outcome of two recent ... 12:00 Nov. 28
#open banking
Number of open banking users tops 2.2 mln
SEOUL, Nov. 28 (Yonhap) -- More than 2.2 million South Koreans have subscribed to a pilot open banking service in less than one month after its launch, data showed Thursday. Users of the new ser... 08:42 Nov. 28
#cryptocurrency exchange
W58 bln worth of cryptocurrency stolen from S. Korean exchange
SEOUL, Nov. 27 (Yonhap) -- About 58 billion won (US$49.3 million) worth of cryptocurrency was stolen on Wednesday from Upbit, a South Korean exchange, in a cyberattack, the exchange's operator said... 21:37 Nov. 27
#corporate loans
Corporate loan growth slows in Q3
SEOUL, Nov. 27 (Yonhap) -- The growth of fresh loans extended to companies in South Korea slowed in the third quarter from three months earlier, central bank data showed Wednesday, largely due to a... 12:00 Nov. 27
#safe assets
Prices of safe assets turn weak on revived risk-on
SEOUL, Nov. 27 (Yonhap) -- Prices of safe assets, such as gold and bonds, in South Korea are turning bearish, market data showed Wednesday, as investor risk appetite has been revived on hopes of a ... 10:53 Nov. 27
Big firms' debt-service ability worsens on falling profit
SEOUL, Nov. 27 (Yonhap) -- Large South Korean companies' ability to service their debts worsened sharply in the first nine months of this year due to plunging profits, a corporate tracker said Wedn... 09:49 Nov. 27
BOK becomes newest member of network for green financial system
SEOUL, Nov. 26 (Yonhap) -- The Bank of Korea (BOK) has joined global efforts to promote sustainable growth and financial systems, the South Korean central bank said Tuesday. BOK has become the n... 16:31 Nov. 26
#banknote
Larger bills last three times longer than smaller bills: report
SEOUL, Nov. 26 (Yonhap) -- South Korean banknotes have different lifetimes depending on their face value, with larger bills outliving the smallest bills by up to three times due mostly to the frequ... 12:00 Nov. 26
#corporate financing-October tally
Corporate direct financing jumps in Oct.
SEOUL, Nov. 26 (Yonhap) -- South Korean companies' stock and bond sales jumped 56.3 percent on-month in October, thanks to a sharp gain in sales of corporate bonds, data showed Tuesday. Local c... 12:00 Nov. 26