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Korean financial market relatively unaffected by Russian risk

South Korea’s financial market has been relatively insulated from global financial instability originating in Russia compared to other emerging countries, market data showed Thursday.The benchmark KOSPI dropped 3.9 percent in the first 16 days of December, placing South Korea 11th among 3...

Updated : 2014.12.18 21:01

Woori Bank forges close ties with local communities

Woori Bank employees deliver coal briquettes for fuel to low-income families in Nowon-gu, Seoul, last December. (Woori Bank)Woori Bank is forging closer partnerships with local community centers to mo...

Updated : 2014.12.18 20:59

Eximbank teams up with Australian export credit agency

The export credit agencies of South Korea and Australia recently signed a deal to reinforce their partnership and to support the overseas expansion of their countries’ companies. The Export-Import Ba...

Updated : 2014.12.18 20:58

S. Korean financial market relatively unaffected by Russian risk

South Korea's financial market has been relatively insulated from global financial instability originating in Russia compared to other emerging countries, market data showed Thursday.   The benchmark KOSPI dropped 3.9 percent in the first 16 days of December, placing South Korea 11th am...

Updated : 2014.12.18 10:30

KB Financial poised to reshuffle execs

KB Financial Group chairman and Kookmin Bank CEO Yoon Jong-gyoo is expected to carry out a major reshuffle prior to the financial regulator’s approval of the group’s LIG acquisition, industry source...

Updated : 2014.12.16 21:18

Data leaks top financial news in 2014

The Financial Consumer Agency, a leading local financial civic group, said massive customer information leaks from major credit card companies, involving over 100 million units of personal information...

Updated : 2014.12.16 21:05

Banks aim to cut household loan growth next year

South Korean lenders are expected to lower their household loan targets for next year as growing household debt is feared to heighten credit risks, industry sources said Tuesday.   Nonghyup Bank, which saw household debt grow 6.9 percent in the first 11 months of the year, set its targe...

Updated : 2014.12.16 13:45

[Graphic News] Bank loans per person continue to rise

The number of debtors and their loan balances from local banks are projected to hit record highs this year amid rising household debt, industry data indicated Monday.Some 10.5 million people took out ...

Updated : 2014.12.15 21:41

Korean won rises to fresh 2-week high against U.S. dollar

The South Korean won suffered a choppy session on Monday before advancing against the U.S. dollar.The local currency finished at 1,099.10 per dollar, up 4.0 won from the previous session’s close, moving in lockstep with the yen’s rise against the greenback. The closing price marks the hi...

Updated : 2014.12.15 20:49

Shinhan Card carries out reshuffle to focus on growth

Shinhan Card, South Korea’s largest credit card company, said Monday that it has implemented a management shake-up to expand its new leading businesses and add momentum to its big data system.This was the second reshuffle since CEO Wi Sung-ho took office in 2013.“The goal was to groom th...

Updated : 2014.12.15 20:49

National Pension sells HSBC tower to Qatar fund

The National Pension Service, South Korea’s pension manager, said Sunday that it sold the HSBC headquarters building in Canary Wharf, London, U.K. to Qatar Investment Authority, Qatar’s sovereign we...

Updated : 2014.12.14 21:30

Hana, KEB merge Chinese units

Hana Financial Group, the nation’s second-largest banking group in terms of assets, said Sunday that the Chinese subsidiaries of Hana Bank and Korea Exchange Bank have completed their merger.The esta...

Updated : 2014.12.14 21:29

Samsung’s cross-shareholding investments decline

The number of cross-shareholding investments among affiliates of Samsung Group has decreased thanks to a recent series of shifts in its governance including the listings of key affiliates such as Cheil Industries Co. on the Seoul bourse, a market researcher said Sunday. According to a repo...

Updated : 2014.12.14 21:29

Shares likely to fall this week

South Korean stocks are expected to extend their bearish mode this week as investors will likely take a cautious approach, weighed by policy uncertainties in the U.S. and Japan, analysts said. The benchmark Korea Composite Stock Price Index declined 3.27 percent to close at 1,921.71 last F...

Updated : 2014.12.14 21:23

[Weekender] Share homes appeal to single urban dwellers

To modern urban single dwellers, other people’s company is often readily given up for the sake of privacy, but this privacy easily turns to solitude, a sense of being cut off from the rest of the wor...

Updated : 2014.12.12 21:28