Finance

Finance

#bond sales
Bond issuance in S. Korea plunges in July
SEOUL, Aug. 10 (Yonhap) -- Bond issuance in South Korea fell sharply in July from the previous month despite continued foreign buying, data showed Tuesday. The value of bonds sold in Asia's four... 13:26 Aug. 10
#card spending
Card spending rises 7 pct in July despite pandemic
SEJONG, Aug. 9 (Yonhap) -- Payments made with cards in South Korea expanded 7 percent in July from a year earlier despite a resurgence of coronavirus infections, a report showed Monday. Spendin... 08:28 Aug. 09
#South Korean economy
S. Korean economy faces heightened uncertainty amid 4th wave of pandemic: KDI
SEOUL, Aug. 8 (Yonhap) -- The South Korean economy is facing heightened uncertainty as the recovery of domestic demand is likely to slow amid a recent spike in COVID-19 cases, a state-run think tan... 12:00 Aug. 08
#current account
(2nd LD) S. Korea logs current account surplus for 14th month in June on robust exports
(ATTN: UPDATES with BOK official's briefing in paras 5-7) By Kim Soo-yeon SEOUL, Aug. 6 (Yonhap) -- South Korea posted a current account surplus for the 14th straight month in June as exports remai... 10:18 Aug. 06
#current account
(LEAD) S. Korea logs current account surplus for 14th month in June on robust exports
(ATTN: UPDATES with more details in paras 4, 8-12; ADDS photo) By Kim Soo-yeon SEOUL, Aug. 6 (Yonhap) -- South Korea posted a current account surplus for the 14th straight month in June as exports r... 08:17 Aug. 06
#current account
S. Korea logs current account surplus for 14th month in June on robust exports
By Kim Soo-yeon SEOUL, Aug. 6 (Yonhap) -- South Korea posted a current account surplus for the 14th straight month in June as exports remained solid amid the global economic recovery, the central b... 08:00 Aug. 06
#current account
(URGENT) S. Korea's current account surplus narrows to US$8.85 bln in June: BOK
08:00 Aug. 06
(EDITORIAL from Korea Times on Aug. 6)
Imminent rate hike :Measures needed to ease debt burden The Bank of Korea (BOK) is likely to raise its key interest rate soon as the economy is on a robust recovery track. BOK Governor Lee Ju-yeo... 07:02 Aug. 06
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Aug. 6 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Aug. 6. Korean-language dailies -- Song Doo-hwan tapped as National Human Rights Commission chief... 07:01 Aug. 06
#FSC chief nominee
(profile) Veteran financial bureaucrat tapped as top financial regulator
SEOUL, Aug. 5 (Yonhap) -- Koh Seung-beom, who was nominated to lead the Financial Service Commission (FSC), is an expert with extensive experience in dealing with economic and financial policies. ... 11:16 Aug. 05
#Kakao Bank
(LEAD) Online lender Kakao Bank set to debut on stock market
(ATTN: RECASTS last para to add entry of another industry player) SEOUL, Aug. 5 (Yonhap) -- A South Korean internet-only bank Kakao Bank is slated to debut on the country's main stock market this w... 10:02 Aug. 05
#Kakao Bank
Online lender Kakao Bank set to debut on stock market
SEOUL, Aug. 5 (Yonhap) -- A South Korean internet-only bank Kakao Bank is slated to debut on the country's main stock market this week in one of this year's mega initial public offerings. Kakao... 08:29 Aug. 05
#small merchants
Debt rollover for pandemic-hit merchants to be discussed soon: finance minister
SEOUL, Aug. 5 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday the government will discuss with local banks whether to further roll over the debt and interest payments of small merchants hit ... 08:29 Aug. 05
#Standard & Poor's
BOK tipped to raise policy rate to 1.25 pct by end-2022: S&P
SEOUL, Aug. 4 (Yonhap) -- Standard & Poor's Global Ratings (S&P) said Wednesday the Bank of Korea (BOK) is expected to raise the key interest rate to 1.25 percent by the end of next year as South K... 17:05 Aug. 04
#key rate
BOK likely to conduct 2 rate hikes this year: JP Morgan
SEOUL, Aug. 4 (Yonhap) -- The Bank of Korea (BOK) is expected to conduct two rate increases this year as its policymakers have turned more hawkish on an economic rebound, global investment bank JP ... 14:23 Aug. 04
#FX reserves
S. Korea's FX reserves hit record high in July on weaker dollar
SEOUL, Aug. 4 (Yonhap) -- South Korea's foreign reserves rose to an all-time high in July as a weaker U.S. dollar raised the value of non-dollar assets, central bank data showed Wednesday. The n... 06:00 Aug. 04
#BOK board
BOK board members see need to readjust low-rate monetary policy in near future: minutes
SEOUL, Aug. 3 (Yonhap) -- Members of the central bank's rate-setting board voiced the need to readjust the low-rate monetary policy in the near future amid an accelerating economic recovery and dee... 16:56 Aug. 03
Online lender K-Bank logs 1st quarterly profit in 4 years
SEOUL, Aug. 3 (Yonhap) -- K-Bank, South Korea's first internet-only bank, said Tuesday it turned a profit for the first time since its inception in the second quarter of the year on robust growth i... 10:51 Aug. 03
#public funds
S. Korea recoups nearly 70 pct of bailout funds
SEOUL, Aug. 2 (Yonhap) -- South Korea has recouped 69.7 percent of the public funds it spent to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator... 12:00 Aug. 02
#bond sale
(LEAD) S. Korea to sell 12.5 tln won worth of govt' bonds in August
(ATTN: ADDS more info in last 3 paras) SEOUL, July 29 (Yonhap) -- South Korea plans to sell 12.5 trillion won (US$10.9 billion) in government bonds next month, the finance ministry said Thursday. ... 17:19 Jul. 29