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Individuals only loser in Korean stock marketFeb 26, 2017Individual investors failed to enjoy profits despite the latest surge of the main bourse index, data showed Sunday, while foreigners and institutions raked in profits. According to the data compiled... -
FSS seeks business suspension on three insurers over suicide benefitsFeb 24, 2017South Korea’s financial regulator said it would seek unprecedentedly strong punitive measures against three major insurers for their failure to pay out benefits for suicide claims. (123rf) The Fina... -
SK executives given stock optionsFeb 24, 2017Top executives of SK Group, South Korea's third-largest conglomerate, have been granted stock options, the business group said Friday, a move seen as part of efforts to reinforce its corporate respon... -
KB Financial Group to add foreign outside directorFeb 24, 2017KB Financial Group said its outside director recommendation committee has recommended Stuart Solomon, former chairman of MetLife Insurance Co. of Korea, to become the financial group’s outside direct... -
Korea contributes $80m to five int'l financial organizations in 2016Feb 24, 2017South Korea provided a combined $80 million to 13 trust funds created by five international financial organizations last year as part of its efforts to expand its presence on the world stage, the fin... -
Regulator urges insurers to reflect auto tech advance in premiumFeb 24, 2017South Korea's top financial regulator called on the local insurance industry Friday to take the rapid technology development related to self-driving cars into account in setting premiums. Yim Jong-y... -
![[Newsmaker] Current FKI chairman Huh to stay in office](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/02/24/20170224000305_0.jpg)
[Newsmaker] Current FKI chairman Huh to stay in officeFeb 24, 2017Huh Chang-soo, the current chairman of the Federation of Korean Industries, will stay in office for another three years as finding a new chief for the country's largest lobby body has made little pro... -
Regulator mulls deregulation for big IBs' property investmentFeb 24, 2017South Korea's financial authorities plan to ease restrictions on real estate investment by leading local investment banks in a bid to help them raise global competitiveness, officials said Friday. T... -
Financial watchdog slaps fines for 63 disclosure violationsFeb 23, 2017South Korea's state financial watchdog said Thursday it has taken punitive steps against listed firms here for a total of 185 violations related to disclosure-related rules last year. It marks a sha... -
Fromageot named head of AXA Direct KoreaFeb 23, 2017AXA Direct Korea has named Gilles Fromageot, chief financial officer of AXA Global Direct, as its new CEO, the company said Thursday. The French executive will take office on April 1 after the board... -
Central bank stands pat as uncertainties buildFeb 23, 2017South Korea’s central bank took a wait-and-see approach in its key rate decision Thursday, amid mixed signals from local indicators and growing uncertainty over the US economy. The seven members of ... -
Foreigners' card spending in Korea jumps 32% in 2016Feb 23, 2017Credit card spending by foreign visitors to South Korea jumped more than 30 percent from a year earlier last year, helped by a sharp increase in spending by Chinese visitors, a report showed Thursday... -
Think tank calls for return to mandatory bid ruleFeb 22, 2017Control premiums that firms pay to acquire listed companies cause losses for minority shareholders and only benefit the controlling stakeholders of the acquired firms, a research report said Wednesda... -
HSBC appoints Jung as Korean unit headFeb 22, 2017London-based UK bank HSBC said it has appointed HSBC Korea’s global banking head Jung Eun-young as CEO of the Korean unit. He will officially take office on April 3 after a regulatory approval, the ... -
Korea's short-term debt up 0.8% in 2016Feb 22, 2017South Korea's short-term foreign debt rose 0.8 percent in 2016 from a year earlier, central bank data showed Wednesday. The country's short-term external debt, with a maturity of one year or less, t...
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