Finance

Finance

#Moon Jae-in
(LEAD) Moon says gov't to create 20 tln-won 'New Deal' fund, requests financial sector's support
(ATTN: UPDATES with Moon's remarks; CHANGES headline, photo) SEOUL, Sept. 3 (Yonhap) -- President Moon Jae-in announced Thursday that the government will create a 20 trillion-won (US$16.8 billion) ... 11:16 Sep. 03
#Moon Jae-in
Moon to talk with heads of financial groups about New Deal
SEOUL, Sept. 3 (Yonhap) -- President Moon Jae-in will hold a meeting with the leaders of South Korea's major financial groups Thursday on ways to fund the Korean-version New Deal project, Cheong Wa... 08:39 Sep. 03
#FX reserves
S. Korea's FX reserves rise for 5th straight month in Aug. related article
SEOUL, Sept. 3 (Yonhap) -- South Korea's foreign reserves rose for the fifth consecutive month in August due to a rise in the value of non-dollar assets and an increase in investment returns, centra... 06:00 Sep. 03
#stocks
(LEAD) Seoul stocks up for 2nd day on retail buying related article
(ATTN: ADDS bond yields at bottom, photo) SEOUL, Sept. 2 (Yonhap) -- South Korean stocks extended their winning streak to a second consecutive session Wednesday as retail investors scooped up stocks... 16:35 Sep. 02
#stocks
Seoul stocks up for 2nd day on retail buying related article
SEOUL, Sept. 2 (Yonhap) -- South Korean stocks extended their winning streak to a second consecutive session Wednesday as retail investors scooped up stocks amid a letup in spiking virus cases. The... 15:56 Sep. 02
#corporate loans
Corporate loans rise by record amount in Q2 amid pandemic related article
SEOUL, Sept. 2 (Yonhap) -- Loans extended to companies in South Korea jumped by the largest amount on record in the second quarter, as financial firms sharply increased lending to the service secto... 12:00 Sep. 02
#stocks
Seoul shares pare earlier gains in late morning trade related article
SEOUL, Sept. 2 (Yonhap) -- South Korean stocks continued to trade higher late Wednesday morning but pared earlier gains, as foreign investors unloaded shares amid lingering concerns about the coron... 11:30 Sep. 02
Small merchants' sales at 6-month low over stricter virus curbs related article
SEOUL, Sept. 2 (Yonhap) -- South Korean small merchants' revenues, when measured by consumers' card spending, sharply fell to the lowest in six months last week as the country imposed stricter soci... 10:37 Sep. 02
#stocks
Seoul stocks open higher on Wall Street gains
SEOUL, Sept. 2 (Yonhap) -- South Korean stocks opened higher Wednesday, taking a cue from overnight gains in U.S. markets. The benchmark Korea Composite Stock Price Index (KOSPI) gained 10.1 poi... 09:23 Sep. 02
#bank credit loans
Banks' credit loans spike in Aug.
SEOUL, Sept. 2 (Yonhap) -- South Korean banks' credit loans to individuals shot up by more than 4 trillion won in August from a month earlier, the largest-ever monthly gain, industry data showed We... 08:20 Sep. 02
#banks
S. Korean banks' average capital adequacy ratio down in Q2
SEOUL, Aug. 31 (Yonhap) -- South Korean banks saw their financial health worsen slightly in the second quarter from three months earlier due to the impact of the coronavirus outbreak, data showed M... 14:06 Aug. 31
#foreign securities
Institutions' investment in foreign securities rebound in Q2
SEOUL, Aug. 31 (Yonhap) -- South Korean institutions' investment in foreign securities rebounded in the second quarter from three months earlier as global financial markets recovered following slum... 12:00 Aug. 31
#national pension-new chief
(LEAD) Ex-vice finance minister named to lead state pension fund
(ATTN: ADDS details in last 2 paras) SEOUL, Aug. 31 (Yonhap) -- South Korea named a former vice finance minister as chief of the country's state pension fund, the welfare ministry said Monday. ... 10:26 Aug. 31
#national pension-new chief
Ex-vice finance minister named to lead state pension fund
SEOUL, Aug. 31 (Yonhap) -- South Korea named a former vice finance minister as chief of the country's state pension fund, the welfare ministry said Monday. President Moon Jae-in has approved fo... 09:29 Aug. 31
#lending rate
Banks' lending rates drop for 2nd straight month in July related article
SEOUL, Aug. 28 (Yonhap) -- South Korean banks' lending rates fell for the second straight month in July as rates charged on corporate and household loans declined amid falling market rates, central... 12:00 Aug. 28
#misselling
Banks, brokerages to return principals to investors in fund misselling scandal
SEOUL, Aug. 27 (Yonhap) -- Banks and brokerages that handled fund products by a local asset manager said Thursday they will return the principals on investments made by consumers, in line with the ... 21:56 Aug. 27
#economic outlook
(3rd LD) BOK expects Korean economy to retreat sharper than expected on pandemic related article
(ATTN: UPDATES with more info throughout) By Kim Soo-yeon SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) on Thursday sharply lowered its economic growth outlook for the South Korean economy for... 15:37 Aug. 27
#key rate
(3rd LD) BOK again trims growth outlook, stands pat amid growing virus fallout related article
(ATTN: UPDATES with more details throughout) By Kim Soo-yeon SEOUL, Aug. 27 (Yonhap) -- South Korea's central bank on Thursday again sharply lowered its growth outlook for the economy this year and... 14:20 Aug. 27
#economic outlook
(2nd LD) BOK expects Korean economy to retreat sharper than expected on pandemic related article
(ATTN: UPDATES with more details throughout; ADDS photos) By Kim Soo-yeon SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) on Thursday sharply lowered its economic growth outlook for the South Ko... 13:30 Aug. 27
#key rate
(2nd LD) BOK again trims growth outlook, stands pat amid growing virus fallout related article
(ATTN: UPDATES with BOK governor's press conference in paras 5, 7-12, 27-30; CHANGES photo) By Kim Soo-yeon SEOUL, Aug. 27 (Yonhap) -- South Korea's central bank on Thursday again sharply lowered i... 12:30 Aug. 27