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More households under excessive debt burden

A growing number of households in South Korea are exposed to debt risks, especially people in their 30s and the elderly, data showed Monday.The number of "marginal households," whose debt-to-disposabl...

Updated : 2017.02.20 17:35

Korea to sell W300b worth of 50-year state bonds

South Korea will sell 300 billion won ($260.8 million) worth of the longest 50-year state bonds next month in a bid to meet growing market demand for safer assets, the Finance Ministry said Monday.“W...

Updated : 2017.02.20 16:23

Banks' exposure to major shipbuilders sharply down

South Korean banks' credit exposure to the country's three major shipbuilding companies was reduced by 5.4 trillion won ($4.7 billion) in 2016 due to their restructuring efforts, data showed Monday.Ac...

Updated : 2017.02.20 16:20

Average age of main stock investors increasing

South Korea’s stock investors are aging as the younger generation, partly from lack of extra money and disappointing profit rates, shuns active participation, data indicated Monday.According to secur...

Updated : 2017.02.20 15:45

Kospi’s turnover rate down sharply in 2016

South Korea’s main stock market posted a sharp drop in the share turnover rate in 2016, with the benchmark index stuck in a tight range, data showed Monday.The Kospi’s turnover rate stood at 247.15 ...

Updated : 2017.02.20 15:43

Bank federation head goes tit-for-tat against KOFIA

The head of South Korea’s federation of banks urged financial authorities to allow banks to offer broader money trust and asset management services, in a tit-for-tat move against the chief of the fin...

Updated : 2017.02.20 15:29

[Herald Interview] Korea can tap Gulf's urban development needs: CEO

With their competitive edge in building infrastructure, South Korean companies can tap the growing needs of urban development in the Persian Gulf region, a Qatari bank CEO said.Raghavan Seetharaman, C...

Updated : 2017.02.20 15:28

[STOCK PREVIEW] Seoul shares forecast to face downward pressure this week

South Korean shares are expected to come under pressure next week as lingering concerns over US President Donald Trump’s policies, coupled with increased currency volatility, may continue to sap mark...

Updated : 2017.02.19 17:16

Foreign investors pocket hefty dividends from Korean firms

Foreign investors have received almost 15 trillion won ($13 billion) in dividends from South Korea’ top 10 conglomerates over the past three years on the back of shareholder-friendly policies, indust...

Updated : 2017.02.19 17:16

KB Kookmin Bank signs MOU with Myanmar's govt. and state-run bank

KB Kookmin Bank, a major South Korean bank, has signed a memorandum of understanding with Myanmar's Construction Ministry and its state-run Construction and Housing Development Bank, KB Financial Grou...

Updated : 2017.02.17 16:14

Futures firms, brokerages sharply down due to tepid derivatives market

South Korean futures firms and brokerage houses have declined sharply in the recent seven years due to a deep slump in the local derivatives market, industry data showed Friday.The number of futures f...

Updated : 2017.02.17 09:26

Investment to and from Cayman Islands on the rise

The Cayman Islands may be little known to ordinary Koreans, but inward and outward investments between South Korea and the British overseas territory located in the western Caribbean Sea have been on ...

Updated : 2017.02.16 18:41

Banks' foreign currency deposits up 9.7% in January

Foreign currency deposits held by banks operating in South Korea rose 9.7 percent in January from a month earlier as exporters increased their US dollar deposits, central bank data showed Thursday.Out...

Updated : 2017.02.16 12:32

Korea sends letter of protest to FT over report on currency manipulators

The South Korean government has sent a letter of protest to international daily newspaper Financial Times over its recent news report that Seoul has intentionally devalued its currency, a government o...

Updated : 2017.02.16 09:50

KB Financial Group opens 3rd branch in Cambodia

KB Financial Group said Wednesday it has opened a third bank branch in Cambodia in the latest move to strengthen its business in the Southeast Asian country.The opening of the KB Kookmin Bank branch e...

Updated : 2017.02.15 17:53