Finance

Finance

(URGENT) BOK chief says S. Korea's economic growth expected to fall short of 2.1 pct estimate
18:13 Mar. 16
(URGENT) BOK chief says faster, wider spread of virus than expected prompted emergency rate cut
18:12 Mar. 16
#BOK
(2nd LD) BOK trims rate to record low of 0.75 pct to support economy amid virus outbreak
(ATTN: RESENDS paras 7-8 with excerpts from English version of BOK statement; UPDATES with more details, additional information in paras 10-11, 14-17) By Byun Duk-kun SEOUL, March 16 (Yonhap) -- The... 17:50 Mar. 16
#BOK
(LEAD) BOK trims rate to record low of 0.75 pct to support economy amid virus outbreak
(ATTN: MODIFIES lead; UPDATES with more details, additional information throughout) By Byun Duk-kun SEOUL, March 16 (Yonhap) -- The Bank of Korea (BOK) delivered an unexpected rate cut to send its ... 17:15 Mar. 16
#BOK
BOK trims rate to record low of 0.75 pct to support economy amid virus outbreak
SEOUL, March 16 (Yonhap) -- The Bank of Korea (BOK) delivered an unexpected rate cut to a record low on Monday to help buffer economic fallout from the new coronavirus outbreak, hours after the U.S... 16:49 Mar. 16
#stocks-summary
(LEAD) Seoul stocks again nose-dive as virus fear overwhelms U.S. rate cut
(ATTN: ADDS details in para 3, bond yields at bottom; CHANGES photo; UPDATES with minor edits throughout) SEOUL, March 16 (Yonhap) -- South Korean stocks extended their losses to a fourth consecuti... 16:39 Mar. 16
#BOK
BOK to hold emergency meeting to discuss possible rate cut
SEOUL, March 16 (Yonhap) -- South Korea's central bank was set to hold an emergency meeting of its monetary policy board later Monday, a BOK official said, possibly to discuss a rate reduction that... 16:14 Mar. 16
(URGENT) BOK to hold emergency meeting to discuss possible rate cut
bdk@yna.co.kr 15:59 Mar. 16
#brokerages
Brokerages' 2019 net up 17.8 pct on increased investment gains
SEOUL, March 16 (Yonhap) -- South Korean securities companies saw their combined net profit rise 17.8 percent in 2019 from a year earlier due mainly to increased investment gains in funds, data sho... 14:20 Mar. 16
#loan delinquency
Banks' loan delinquency rate inches up in Jan.
SEOUL, March 16 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged up in January from a month earlier, data showed Monday. The rate for bank loans more than 30 ... 13:12 Mar. 16
#BOK
BOK under growing pressure to cut rate following Fed rate reduction
By Byun Duk-kun SEOUL, March 16 (Yonhap) -- The Bank of Korea (BOK) will have no choice but to take all available measures to shield the local economy against further damage from the outbreak of th... 10:13 Mar. 16
#coronavirus
Investors rush for stock funds amid market crash, hoping for rebound
SEOUL, March 16 (Yonhap) -- Investors injected more cash into equity funds as they expect a market rebound following volatility caused by the spreading coronavirus outbreak, data showed Monday. ... 09:51 Mar. 16
#stocks
Foreign investors turn to net sellers of local stocks in Feb.
SEOUL, March 16 (Yonhap) -- Foreign investors became net sellers of South Korean stocks last month, ending their two-month buying spree, data showed Monday. Foreigners sold a net 3.22 trillion w... 06:00 Mar. 16
(LEAD) Stock short selling in S. Korea hits yearly high
(ATTN: ADDS stock data in last 2 paras) SEOUL, March 13 (Yonhap) -- Stock short selling in South Korea soared to a yearly high on increased global financial uncertainties, bourse data showed Friday... 16:27 Mar. 13
#Moon Jae-in
(2nd LD) Moon urges 'unprecedented' special steps for pandemic-hit economy
(ATTN: UPDATES with confidence in finance minister, stock market in last 8 paras) By Lee Chi-dong SEOUL, March 13 (Yonhap) -- South Korean President Moon Jae-in called Friday for "unprecedented" po... 15:52 Mar. 13
#Moon Jae-in
(LEAD) Moon urges 'unprecedented' special steps for pandemic-hit economy
(ATTN: UPDATES lead paras with Moon's remarks; CHANGES headline) By Lee Chi-dong SEOUL, March 13 (Yonhap) -- South Korean President Moon Jae-in called Friday for "unprecedented" policy measures to ... 14:47 Mar. 13
#rating firm-airlines
Virus impact on airline ratings depends on duration, severity: S&P
SEOUL, March 13 (Yonhap) -- S&P Global Ratings said Friday the ultimate impact of the new coronavirus outbreak on its global airline ratings will depend on the duration and severity of the crisis. ... 14:19 Mar. 13
#Moon Jae-in
Moon holds special meeting with economy ministers, BOK chief on virus impact
SEOUL, March 13 (Yonhap) -- South Korean President Moon Jae-in had a rare "special" meeting with the country's finance minister and central bank chief Friday amid a panic in the financial market tr... 14:06 Mar. 13
Stock short selling in S. Korea hits yearly high
SEOUL, March 13 (Yonhap) -- Stock short selling in South Korea soared to a yearly high on increased global financial uncertainties, bourse data showed Friday, sparking controversy among individual ... 11:05 Mar. 13
#BOK
(2nd LD) BOK in discussion over possible emergency meeting for rate cut: official
(ATTN: RECASTS headline, lead; UPDATES with additional information, minor edits in paras 6-15; ADDS photos) By Byun Duk-kun SEOUL, March 13 (Yonhap) -- South Korea's central bank is now discussing ... 10:52 Mar. 13