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The Korea Herald > Business > Finance

Korea to sell W7.5t worth of state bonds in Feb.

South Korea plans to sell 7.5 trillion won ($6.4 billion) worth of state bonds next month, the finance ministry said Friday.The government will issue 1.7 trillion won worth of bonds with a maturity of...

Updated : 2017.01.20 17:46

[NEWS FOCUS] Challenges ahead for new chief of Shinhan Financial

Shinhan Bank CEO Cho Yong-byoung, who was nominated as new chairman of Shinhan Financial Group Thursday, faces mounting challenges including retaining the No. 1 post in the fiercely competitive local ...

Updated : 2017.01.20 14:36

Deutsche Bank ordered to compensate investors for stock manipulation in class action suit

A lower court ordered Deutsche Bank on Friday to compensate investors for damage it caused by manipulating stock prices, in the nation's first-ever ruling on a class action suit.The Seoul Central Dist...

Updated : 2017.01.20 13:28

Listed companies' name changes on rise

The number of companies that has changed their names has steadily increased in recent years as some of them sought to improve their corporate images, data showed Friday.Data compiled by the Korea Secu...

Updated : 2017.01.20 11:44

Basic materials sector gets boost from Trump expectations

Stock funds invested in basic materials and healthcare are showing promising profits so far this year on expectations of a market boom after new US President Donald Trump takes office, data showed Fri...

Updated : 2017.01.20 10:24

Investors fleeing stock-invested funds on chronic low profit

Stock-invested funds have lost their luster, their size now less than half of what they used to be 10 years ago as their unattractive profit showings shed investors, finance industry data indicated Fr...

Updated : 2017.01.20 09:58

Shinhan Bank CEO nominated new chairman of Shinhan Financial

South Korea’s largest financial institution Shinhan Financial Group said it has selected Shinhan Bank CEO Cho Yong-byoung as the final candidate to be the next chairman of the group. Shinhan Bank CEO...

Updated : 2017.01.19 19:35

Korea's derivatives market in protracted slump

South Korea's derivatives market shows no signs of bouncing back, data showed Thursday, amid criticism that strict regulations continue to damp investors' appetite.The country once boasted the world's...

Updated : 2017.01.19 11:37

MMFs absorb over 21 tln won this year

Investors here are increasingly shifting their money to short-term investment vehicles amid lingering uncertainties ahead of the launch of the new US administration and further interest rate rises in ...

Updated : 2017.01.19 09:24

‘Banks should question their purpose of existence’

Pressured by the imminent intrusion of internet-only banks and financial technology startups, Korea’s local lenders should ask themselves whether they will be able to keep existing, the head of an as...

Updated : 2017.01.18 16:10

Top regulator meets global investors in Hong Kong

A key South Korean financial regulator has made a pitch for the South Korean economy on a visit to Hong Kong, his office said Wednesday.Jeong Eun-bo, vice chairman of the Financial Services Commission...

Updated : 2017.01.18 15:03

[Photo News] Queueing to lend their voices

QUEUEING TO LEND THEIR VOICES -- People wait in line to participate in Standard Chartered Bank Korea’s campaign to use their voices to create educational audio content for visually impaired teenagers...

Updated : 2017.01.17 14:30

Korea’s ample money supply not translating into circulation

The money supply in South Korea has rapidly grown in recent months, but this has not translated into fast circulation amid weak sentiment toward investment and consumption, data from the central bank ...

Updated : 2017.01.17 14:29

Central bank promotes clean notes instead of new cash on Lunar New Year

The Bank of Korea recently launched a public campaign to encourage people to use clean cash bills instead of brand new ones when they give out cash gifts to children during the upcoming Lunar New Year...

Updated : 2017.01.16 15:07

Banks' foreign currency deposits fall 3.5% in December

Foreign currency deposits held by banks operating in South Korea fell 3.5 percent in December from a month earlier as exporters withdrew their US dollar deposits, central bank data showed Monday.Outst...

Updated : 2017.01.16 13:09