Finance

Finance

#economic policy
Gist of S. Korea's 2021 economic policy plan
SEOUL, Dec. 17 (Yonhap) -- The following are the key economic policy measures planned for next year. The measures are aimed at boosting the economic recovery momentum and preparing for long-term gr... 14:00 Dec. 17
#economic policy
S. Korea to focus on supporting economic recovery, preparing for post-pandemic era in 2021 related article
By Kim Soo-yeon SEOUL, Dec. 17 (Yonhap) -- South Korea plans to implement its economic policy next year to maintain economic recovery momentum and prepare for a post-pandemic era, the finance minis... 14:00 Dec. 17
#income gap
Income gap narrows to fresh record low in 2019
SEOUL, Dec. 17 (Yonhap) -- The income gap between the haves and have-nots in South Korean narrowed to a fresh record low in 2019, as the bottom 20 percent income bracket saw their income rise due t... 12:00 Dec. 17
#foreign exchange
(LEAD) U.S. welcomes increased transparency in S. Korea's FX market intervention
(UPDATES with additional information, minor edits throughout) By Byun Duk-kun WASHINGTON, Dec. 16 (Yonhap) -- The United States on Wednesday welcomed steps taken by South Korea to increase the tran... 00:56 Dec. 17
#foreign exchange
U.S. welcomes increased transparency in S. Korea's FX market intervention
By Byun Duk-kun WASHINGTON, Dec. 16 (Yonhap) -- The United States on Wednesday welcomed steps taken by South Korea to increase the transparency of its foreign exchange intervention. It also said... 23:39 Dec. 16
#corporate profitability
Corporate earnings dip by most in 11 years in 2019
SEOUL, Dec. 15 (Yonhap) -- South Korean companies' earnings declined by the most in 11 years in 2019, as the manufacturing sector remained sluggish amid the global economic slowdown, data showed Tu... 12:00 Dec. 15
#Asiana-capital reduction
(LEAD) Asiana decides on capital reduction to improve financial status
(ATTN: ADDS stock prices at bottom) SEOUL, Dec. 14 (Yonhap) -- Asiana Airlines Inc. said Monday it will cut its capital base to improve its financial status amid the COVID-19 pandemic. Sharehold... 16:13 Dec. 14
#Asiana-capital reduction
Asiana decides on capital reduction to improve financial status
SEOUL, Dec. 14 (Yonhap) -- Asiana Airlines Inc. said Monday it will cut its capital base to improve its financial status amid the COVID-19 pandemic. Shareholders approved a 3:1 capital reduction p... 11:16 Dec. 14
#Treasurys
(LEAD) S. Korea to sell 176.4 tln won in state bonds next year
(ATTN: ADDS more details from 7th para) SEOUL, Dec. 11 (Yonhap) -- South Korea plans to sell state bonds worth 176.4 trillion won (US$161.8 billion) next year, the finance ministry said Friday, as ... 17:18 Dec. 11
#Treasurys
S. Korea to sell 176.4 tln won in state bonds next year
SEOUL, Dec. 11 (Yonhap) -- South Korea plans to sell state bonds worth 176.4 trillion won (US$161.8 billion) next year, the finance ministry said Friday, as the country will increase fiscal spending... 17:00 Dec. 11
#Jeju Air-gov't support
Virus-hit Jeju Air to receive state funding for survival
SEOUL, Dec. 10 (Yonhap) -- South Korea will inject 32.1 billion won (US$29 million) into the virus-hit budget carrier Jeju Air Co. to help it stay afloat amid the prolonged COVID-19 pandemic, a sta... 16:58 Dec. 10
S. Korean bond sales edge up in Nov.
SEOUL, Dec. 10 (Yonhap) -- Bond sales in South Korea inched up in November from the previous month amid rising interest rates, data showed Thursday. The value of bonds issued in the country came... 14:04 Dec. 10
#ADB
ADB expects S. Korean economy to retreat less than expected in 2020
SEOUL, Dec. 10 (Yonhap) -- The Asian Development Bank (ADB) on Thursday revised up the economic outlook for the South Korean economy this year, citing robust exports of tech products and a mild rec... 10:30 Dec. 10
#asset markets
Gov't warns of possible excessive overheating in asset markets
SEOUL, Dec. 9 (Yonhap) -- South Korea's vice finance minister warned Wednesday against potential excessive overheating in stock and property markets, saying that asset prices could spike amid ample... 10:47 Dec. 09
#fiscal spending
Over 70 pct of state fiscal spending to be implemented in H1 2021 amid pandemic
SEOUL, Dec. 8 (Yonhap) -- The finance ministry said Tuesday it has allocated 72.4 percent of state fiscal spending to be implemented during the first half of next year in an effort to cope with the... 09:12 Dec. 08
#economic assessment
Economic recovery momentum slows down amid flare-up in COVID-19 cases: KDI
SEOUL, Dec. 7 (Yonhap) -- South Korea's economic recovery momentum is slowing down due largely to a resurgence in new coronavirus cases, despite improving exports, a state-run think tank said Monda... 12:00 Dec. 07
#stocks-summary
Head of S. Korea's sovereign wealth fund to visit Singapore
SEOUL, Dec. 5 (Yonhap) -- The head of South Korea's US$157 billion sovereign wealth fund left for Singapore Saturday for talks with his Singaporean counterpart and other officials. Choi Hee-nam,... 22:30 Dec. 05
#South Korean economy
S. Korean economy tipped to retreat 1 pct this year: finance minister related article
SEOUL, Dec. 3 (Yonhap) -- The South Korean economy is expected to contract around 1 percent this year, bracing for the fallout of the new coronavirus outbreak, the finance minister said Thursday. ... 14:47 Dec. 03
#jeonse
Major banks' home rental loans grow at record pace this year
SEOUL, Dec. 3 (Yonhap) -- Major banks in South Korea saw their "jeonse" home rental loans increase at a record pace this year amid soaring jeonse rates, industry data showed Thursday. Outstandin... 09:08 Dec. 03
#depository institutions
Growth of depository institutions' industrial loans almost halves in Q3
SEOUL, Dec. 2 (Yonhap) -- South Korean depository institutions' loans to self-employed people and companies grew at a much slower pace in the third quarter than three months earlier on improving bu... 14:26 Dec. 02