Finance

Finance

#Korean economy
Sluggish job market weighs on S. Korea's economic recovery: KDI
SEOUL, March 9 (Yonhap) -- South Korea's economic activity remains stagnant as the country has continued to suffer heavy job losses despite improving consumption and robust exports, a state-run thi... 12:00 Mar. 09
#tax revenue
January tax revenue up 2.4 tln won
SEOUL, March 9 (Yonhap) -- South Korea's tax revenue rose 2.4 trillion won (US$2.1 billion) in January from a year earlier due largely to an increase in the collection of capital gains taxes, the f... 10:00 Mar. 09
#bond yields
Market volatility may increase amid rising bond yields: official
SEOUL, March 9 (Yonhap) -- South Korea's financial markets are likely to undergo further volatility as bond yields and inflation risks are rising amid hopes for an economic recovery, a vice finance... 09:22 Mar. 09
#land speculation scandal
Finance minister renews calls for public servants' alertness amid land deal scandal
SEOUL, March 8 (Yonhap) -- Finance Minister Hong Nam-ki said on Monday that the latest land speculation scandal involving public officials is a wake-up call for public servants whose misdeeds under... 16:26 Mar. 08
#bank earnings
Banks' 2020 earnings down 11.5 pct on loan-loss reserves
SEOUL, March 8 (Yonhap) -- South Korean banks saw their 2020 earnings decline 11.5 percent from a year earlier as they set aside more loan-loss reserves amid the pandemic, data showed Monday. Th... 12:00 Mar. 08
#KDB-debt sale
KDB issues US$1.2 bln global bonds to finance green projects
SEOUL, March 3 (Yonhap) -- The state-run Korea Development Bank (KDB) said Wednesday it has issued US$1.2 billion (1.3 trillion won) worth of bonds to foreign investors to raise funds for green bus... 18:45 Mar. 03
#bank loans
S. Korea to extend loan maturity again for pandemic-hit firms, merchants
SEOUL, March 2 (Yonhap) -- South Korea's financial regulator said Tuesday local banks will extend loan maturity and delay interest payments again for smaller firms and merchants hit hard by the pan... 13:37 Mar. 02
#industrial output
(2nd LD) Industrial output snaps 7-month rise in Jan. amid pandemic related article
(ATTN: UPDATES with more details in paras 7, 13, 14) By Kim Soo-yeon SEOUL, March 2 (Yonhap) -- South Korea's industrial output declined for the first time in eight months in January, data showed T... 10:04 Mar. 02
#industrial output
(LEAD) Industrial output snaps 7-month rise in Jan. amid pandemic related article
(ATTN: UPDATES with more details from para 4) By Kim Soo-yeon SEOUL, March 2 (Yonhap) -- South Korea's industrial output declined for the first time in eight months in January, data showed Tuesday,... 08:26 Mar. 02
#industrial output
Industrial output snaps 7-month rise in Jan. amid pandemic related article
SEOUL, March 2 (Yonhap) -- South Korea's industrial output declined for the first time in eight months in January, data showed Tuesday, in the latest sign that the country's economic recovery momen... 08:01 Mar. 02
#industrial output
(URGENT) Industrial output falls 0.6 pct on-month in Jan.
08:00 Mar. 02
#Treasury bills
S. Korea to sell 8 tln won of Treasury bills in March.
SEOUL, Feb. 26 (Yonhap) -- South Korea plans to sell 8 trillion won (US$7.1 billion) worth of Treasury bills next month in a bid to fund its expansionary fiscal policy, the finance ministry said Fr... 15:00 Feb. 26
#Treasurys
S. Korea to sell 14 tln won worth of Treasurys in March
SEOUL, Feb. 25 (Yonhap) -- South Korea plans to sell 14 trillion won (US$12.6 billion) in state bonds next month, the finance ministry said Thursday. The ministry will issue 3.1 trillion won in ... 17:00 Feb. 25
#relief fund
4th round of COVID-19 relief handouts may reach more than 19.5 tln won related article
SEOUL, Feb. 25 (Yonhap) -- South Korea's upcoming fourth round of COVID-19 relief handouts may amount to more than 19.5 trillion won (US$17.6 billion), the ruling Democratic Party (DP) said Thursda... 14:40 Feb. 25
#financial stability
S. Korea guards against market volatility: official
SEOUL, Feb. 23 (Yonhap) -- South Korea will focus on strengthening financial stability as stock market volatility has increased amid rising bond yields and concerns about inflation, the vice financ... 09:14 Feb. 23
Watchdog to step up supervision of insurers' overseas alternative investments
SEOUL, Feb. 22 (Yonhap) -- South Korea's financial watchdog said Monday it will keep closer tabs on local insurance companies' overseas alternative investments amid the fallout from the coronavirus... 14:08 Feb. 22
#emergency handout
Finance minister calls for preparations to submit extra budget bill next week
SEOUL, Feb. 22 (Yonhap) -- Finance Minister Hong Nam-ki instructed officials Monday to thoroughly prepare to submit an extra budget proposal next week in a bid to buttress smaller merchants hit har... 12:01 Feb. 22
#ADB
ADB appoints S. Korean expert as its managing director general
SEOUL, Feb. 22 (Yonhap) -- The Asian Development Bank (ADB) has appointed Um Woochong, a South Korean expert in the international development field, as the regional bank's managing director general... 09:40 Feb. 22
#retail investors
Retail investors pare down net stock buying in Feb.
SEOUL, Feb. 21 (Yonhap) -- South Korean retail investors pared down their net buying of local stocks in February as the country's key stock index traded in a tight range following a bull run, data ... 10:18 Feb. 21
#economic growth
Economic uncertainty persists amid protracted pandemic: finance ministry related article
SEOUL, Feb. 19 (Yonhap) -- The South Korean economy faces lingering uncertainty as domestic demand and the job market remain sluggish amid a flare-up in new coronavirus cases, the finance ministry ... 10:00 Feb. 19