Finance
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#Moon Jae-in(2nd LD) Moon approves massive financial aid package for small businesses
(ATTN: UPDATES with details from 6th para, minor edits throughout; ADDS photo, byline) By Lee Chi-dong SEOUL, March 19 (Yonhap) -- President Moon Jae-in made public a major small business rescue pa... 13:15 Mar. 19 -
#capital adequacy ratioBanks' capital adequacy ratio down in 2019
SEOUL, March 19 (Yonhap) -- South Korean banks saw their capital adequacy ratio fall slightly in 2019 from a year earlier, data showed Thursday. The average capital adequacy ratio of 19 commerci... 12:00 Mar. 19 -
#currency
BOK hints at intervention, citing 'excessive' fluctuation
SEOUL, March 19 (Yonhap) -- The Bank of Korea (BOK) hinted at the possibility of a market intervention Thursday as the won- U.S. dollar exchange rate dipped to its lowest level in more than a decad... 11:46 Mar. 19 -
(LEAD) Moon approves massive financial aid package for small businesses
(ATTN: UPDATES throughout with Moon's remarks; ADDS photo) SEOUL, March 19 (Yonhap) -- President Moon Jae-in made public Thursday a major small business rescue package, worth 50 trillion won (US$39... 11:45 Mar. 19 -
#credit crunchS. Korea ready to step in to ease credit crunch
SEOUL, March 19 (Yonhap) -- South Korea said Thursday it will take steps to counter a potential credit crunch in the capital market amid growing market jitters caused by the outbreak of the new cor... 09:38 Mar. 19 -
#gold fundsGold funds lose luster on coronavirus scare
SEOUL, March 19 (Yonhap) -- Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds... 09:28 Mar. 19 -
(EDITORIAL from Korea Times on March 19)
Foreign exchange volatility Korea needs currency swap deal with U.S., Japan Keeping the foreign exchange market stable is crucial in weathering potential financial and economic woes. This is all t... 07:02 Mar. 19 -
#tossFintech firm Viva Republica wins preliminary approval for brokerage business
By Kim Kwang-tae SEOUL, March 18 (Yonhap) -- Viva Republica, the operator of popular South Korean financial service app Toss, said Wednesday its affiliate won preliminary approval for a brokerage b... 17:30 Mar. 18 -
Foreign currency deposits dip for 2nd month in Feb.
SEOUL, March 18 (Yonhap) -- Foreign currency deposits at banks in South Korea fell for the second consecutive month in February amid a weakening won, central bank data showed Wednesday. Outstan... 14:19 Mar. 18 -
#S Korea-leverage caps(LEAD) S. Korea raises cap on bank's currency forward positions
(ATTN: UPDATES with won-dollar exchange rate and comments by chief financial regulator in paras 4-6, 8; ADDS photo) SEOUL, March 18 (Yonhap) -- South Korea said Wednesday it will raise the cap on b... 10:04 Mar. 18 -
#S Korea-leverage caps
S. Korea raises cap on bank's currency forward positions
SEOUL, March 18 (Yonhap) -- South Korea said Wednesday it will raise the cap on bank's currency forward positions to inject more dollars into the currency market, the latest follow-up to the market... 08:25 Mar. 18 -
#BOKBOK minutes show board foresaw need for rate cut to support virus-hit economy
SEOUL, March 17 (Yonhap) -- Several members of the Bank of Korea (BOK) monetary policy board had mentioned a possible need to lower the policy rate, depending on the scope of the new coronavirus ou... 16:55 Mar. 17 -
#money supply
Korea's money supply grows in Jan.
SEOUL, March 17 (Yonhap) -- South Korea's money supply continued to grow in January, partly on an increase in funds held by local households, central bank data showed Tuesday. The country's M2 c... 12:00 Mar. 17 -
#insurance firmsInsurers' combined net profit hits lowest level in decade in 2019
SEOUL, March 17 (Yonhap) -- South Korean insurance firms' combined net profit fell to the lowest level in a decade last year due in part to increased auto insurance losses, data showed Tuesday. ... 12:00 Mar. 17 -
S. Korean stock lending drops on short-selling ban
SEOUL, March 17 (Yonhap) -- The balance in securities lending and borrowing (SLB) contracted on the first day of South Korea's short-selling ban due to the regulator's efforts to keep stability in ... 11:56 Mar. 17 -
(EDITORIAL from Korea Herald on March 17)
Economic leadership Clear control tower needed to coordinate efforts to bolster virus-hit economy The lack of an efficient control tower is increasing concerns over the country's capabilities to c... 07:08 Mar. 17 -
#headlines
Top headlines in major S. Korean newspapers
SEOUL, March 17 (Yonhap) -- The following are the top headlines in major South Korean newspapers on March 17. Korean-language dailies -- An era of interest rates below 1 percent (Kyunghyang Shinmu... 07:08 Mar. 17 -
#BOK(3rd LD) BOK trims rate to record low of 0.75 pct to support economy amid virus outbreak
(ATTN: UPDATES with remarks from BOK Gov. Lee Ju-yeol, additional information, minor edits in paras 8-9, 13-26) By Byun Duk-kun SEOUL, March 16 (Yonhap) -- The Bank of Korea (BOK) delivered an unexp... 19:24 Mar. 16 -
News Focus
Market
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BOK again faces rate cut pressure on new coronavirus risk
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BOK to keep policy rate steady amid signs of recovery
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Wealth management service increasingly popular in S. Korea
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BOK tipped to continue monetary easing, at least another rate cut in offing
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BOK to be on hold this time, but possible rate cut ahead
