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Finance

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Sat, September 19, 2020 | 20:41

Concerns growing over year-end stock selling spree due to shareholder qualification rule changes

Concerns growing over year-end stock selling spree due to shareholder qualification rule changes

Market concerns are growing over a possible market plunge at the end of the year, especially among small- and mid-sized cap listed companies, if the government pushes ahead with its plan to lower the bar to be considered a major shareholder.

Anna J. Park | 2020-09-18 17:34

US Fed gives BOK room for eased monetary policy through 2023

US Fed gives BOK room for eased monetary policy through 2023

The Bank or Korea (BOK) will be able to push its expansionary monetary policy for the next three years, gaining room to maneuver after the U.S. Federal Reserve clearly signaled the policy rates will be kept at “near-zero” until at least 2023.

Lee Kyung-min | 2020-09-17 17:41

BNP Paribas Cardif Life appoints Oh as CEO

BNP Paribas Cardif Life appoints Oh as CEO

BNP Paribas Cardif Life Insurance has appointed Jonathan Oh as its first Korean CEO, in a rare and “questionable” move as foreign leaders have led the company for about two decades since its establishment here.

Lee Min-hyung | 2020-09-17 10:16

Regulators pushing banks to tighten lending standards

Regulators pushing banks to tighten lending standards

The government and financial authorities are pressing banks to tighten regulations on surging non-collateralized (credit) loans to households.

Lee Min-hyung | 2020-09-16 16:47

Will regulators take aim at K bank's surging credit loans?

Will regulators take aim at K bank's surging credit loans?

With financial authorities poised to impose stricter loan regulations, K bank is in a growing sense of anxiety over whether the regulatory move will put a damper on its recent upward momentum. The nation's first internet-only bank resumed its business in July after years of suffering capital erosion. To prevent a recurrence of its nightmarish experience, the lender is aggress...

Lee Min-hyung | 2020-09-15 17:19

Record-low forex bond yields denote economic resilience

Record-low forex bond yields denote economic resilience

A growing number of state-run and private organizations will be able to borrow foreign funds at a cheaper rate following solid demand for the recent government-issued dollar- and euro-denominated bonds with record-low yields, the finance ministry said Tuesday.

Lee Kyung-min | 2020-09-15 17:13

Yoon & Yang major obstacle to prosecuting Lime fund sellers

Yoon & Yang major obstacle to prosecuting Lime fund sellers

Yoon & Yang, the nation's sixth-largest law firm, has emerged as one of the biggest threats to the Financial Supervisory Service (FSS) which seeks to impose heavy sanctions against the sellers of Lime Asset Management's controversial trade finance funds and their CEOs.

Park Jae-hyuk | 2020-09-15 17:02

Busan 'very close' to partnership with Tencent

Busan 'very close' to partnership with Tencent

Korea's second-largest city, Busan, is in talks with China's tech giant Tencent over the development of mobile applications for foreigners that could possibly facilitate payments by tourists there.

Kim Bo-eun | 2020-09-15 16:51

Korea, Uzbek to begin trade negotiation this year

Korea, Uzbek to begin trade negotiation this year

The government will begin trade negotiations with Uzbekistan this year, in the latest move to advance President Moon Jae-in's New Northern Policy initiative to improve ties with countries in Central Asia.

Lee Kyung-min | 2020-09-14 17:07

Eligibility controversy continues over 'adult entertainment facilities'

Eligibility controversy continues over 'adult entertainment facilities'

Controversy is continuing over the government's recently announced assistance package of at least 1.5 million won ($1,260) and up to 2 million won in emergency relief given to operators of small- and medium-sized businesses (SMEs) whose sales have plummeted due to Level 2.5 social distancing.

Lee Kyung-min | 2020-09-14 17:05

Cram school owners oppose tighter restrictions

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