Finance

Finance

#asset managers
Major asset managers log 44 pct jump in 2020 earnings
SEOUL, Feb. 17 (Yonhap) -- Major asset management companies in South Korea saw their earnings soar more than 40 percent in 2020 amid a bullish stock market, data showed Wednesday. The combined n... 08:11 Feb. 17
#extra budget
(2nd LD) More pandemic-hit shopowners may be eligible for relief funds
(ATTN: RECASTS headline, lead; UPDATES with more details throughout; ADDS photo) SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is considering expanding the s... 17:24 Feb. 16
#extra budget
(LEAD) Gov't seeks to submit extra budget bill in early March: finance minister
(ATTN: UPDATES with more details in last 2 paras) SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is seeking to submit an extra budget bill in early March in a... 16:14 Feb. 16
#extra budget
Gov't seeks to submit extra budget bill in early March: finance minister
SEOUL, Feb. 16 (Yonhap) -- South Korea's finance minister said Tuesday the government is seeking to submit an extra budget bill in early March in a bid to provide targeted support to merchants and ... 14:46 Feb. 16
NH Financial's net falls 2.5 pct in 2020
SEOUL, Feb. 16 (Yonhap) -- NH Financial Group Inc., a major South Korean banking group, said Tuesday its earnings edged down in 2020 from a year earlier due to increased loan-loss reserves. Net ... 14:24 Feb. 16
#bond yields
Bond yields gather pace on hopes of economic recovery
SEOUL, Feb. 16 (Yonhap) -- Bond yields in South Korea are climbing at a fast pace on hopes of an economic recovery and more stimulus measures in major economies, analysts said Tuesday. The final... 08:31 Feb. 16
#exports
(LEAD) S. Korea's exports jump 69 pct in first 10 days of Feb. related article
(ATTN: UPDATES with more details from para 3; ADDS photo) By Kim Soo-yeon SEOUL, Feb. 15 (Yonhap) -- South Korea's exports jumped 69.1 percent on-year in the first 10 days of February on strong shi... 09:16 Feb. 15
#exports
S. Korea's exports jump 69 pct in first 10 days of Feb. related article
SEOUL, Feb. 15 (Yonhap) -- South Korea's exports jumped 69.1 percent on-year in the first 10 days of February on strong shipments of chips and autos amid the pandemic, customs data showed Monday. ... 08:57 Feb. 15
#banks
S. Korea's major banks likely to keep creditworthiness: S&P
SEOUL, Feb. 13 (Yonhap) -- South Korea's four major commercial banks appear likely to maintain their creditworthiness this year due to adequate capitalization and resilient asset quality, according... 07:35 Feb. 13
#misselling
Sales of high-risk DLS dip 31 pct in H1 of 2020
SEOUL, Feb. 10 (Yonhap) -- The issuance of high-risk derivatives-linked securities (DLS) in South Korea plunged 31 percent in the first half of 2020 amid the fallout from a misselling scandal, data... 08:17 Feb. 10
#tax revenue
(LEAD) S. Korea's tax revenue down 7.9 tln won last year
(ATTN: UPDATES with more details in paras 3-5) SEOUL, Feb. 9 (Yonhap) -- South Korea's tax revenue fell 7.9 trillion won (US$7.1 billion) in 2020 from a year earlier as corporate tax earnings declin... 14:45 Feb. 09
#tax revenue
S. Korea's tax revenue down 7.9 tln won last year
SEOUL, Feb. 9 (Yonhap) -- South Korea's tax revenue fell 7.9 trillion won (US$7.1 billion) in 2020 from a year earlier as corporate tax earnings declined amid the pandemic, the finance ministry said... 14:08 Feb. 09
#Korean economy
Robust exports partly buffer economic slowdown amid weak domestic demand: KDI related article
SEOUL, Feb. 7 (Yonhap) -- South Korea's domestic demand is faltering amid a flare-up in new coronavirus cases, but the country's improving exports have partially buffered an economic slowdown, a st... 12:00 Feb. 07
Korea Eximbank sells US$1.5 bln worth of bonds
SEOUL, Feb. 4 (Yonhap) -- The state-run Export-Import Bank of Korea (Korea Eximbank) said Thursday that it has issued global bonds worth US$1.5 billion to overseas investors. The three-tranche d... 14:34 Feb. 04
#Lime
Chiefs of two banks notified of disciplinary actions over Lime misselling
SEOUL, Feb. 3 (Yonhap) -- South Korea's financial regulator on Wednesday sent top executives of two commercial banks prior notices of severe disciplinary actions over missold funds of Lime Asset Ma... 23:45 Feb. 03
#relief funds
(LEAD) Gov't launches review of details about more pandemic emergency handouts
(ATTN: UPDATES with more info in paras 2, 8-11) SEOUL, Feb. 2 (Yonhap) -- The finance ministry on Tuesday launched a review over how to draw up a fourth round of emergency handouts designed to help... 15:31 Feb. 02
#relief funds
Gov't launches review of details about more pandemic emergency handouts
SEOUL, Feb. 2 (Yonhap) -- The finance ministry on Tuesday launched a review over how to draw up a fourth round of emergency handouts designed to help people cope with economic slumps caused by the ... 14:20 Feb. 02
Hyundai Capital floats US$600 mln in green bonds
SEJONG, Feb. 2 (Yonhap) -- Hyundai Capital Services Inc., South Korea's leading auto finance company, said Tuesday that its has issued global green bonds worth US$600 million. The five-year bond... 14:09 Feb. 02
#GameStop
S. Korea to monitor market volatility sparked by investors' herd behavior
SEOUL, Feb. 2 (Yonhap) -- South Korea will closely monitor a potential increase in market volatility as investors' herd behavior, illustrated in the U.S. GameStop case, could frequently occur, the ... 11:09 Feb. 02
#consumer prices
(2nd LD) Consumer prices grow at less than 1 pct for 4th month in Jan.
(ATTN: UPDATES with more details in paras 9-14, 18) By Kim Soo-yeon SEOUL, Feb. 2 (Yonhap) -- South Korea's consumer prices grew by less than 1 percent for the fourth straight month in January, dat... 10:09 Feb. 02