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Tougher loan screening to help better manage household debt: regulator

Banks will be required to implement a stricter screening rule for mortgage loans starting this month so as to better manage growing household debt, according to the head of the financial regulator Tu...

Oct 16, 2018
Finance
‘New Southern Policy’ encourages financial companies to look to Southeast Asia

For South Korean financial companies looking out for new growth momentum, the “New Southern Policy” -- the key foreign economic policy of the Moon Jae-in administration -- came as a timely opportunit...

Oct 15, 2018
Finance
Report cites signs of excessive financing in loans

South Korea's financial sector overall is not excessive in its size but it has grown to above adequate levels in terms of lending, a report said Monday. The research paper titled "Adequacy and Growt...

Oct 15, 2018
Finance
Corporate watchdog to focus on chaebol reform, foster fairer biz practice

South Korea's corporate watchdog said Monday that it will focus on reforming family-controlled business groups and promoting fair business practices. In a report to the National Assembly, the Fair T...

Oct 15, 2018
Finance
Seoul shares expected to move higher on big events next week

South Korean stocks will likely move upward next week as big global events may ease the uncertainties that have bothered the financial market, analysts said Saturday. The benchmark Korea Composite S...

Oct 13, 2018
Finance
Seoul emphasizes Korea is not a currency manipulator

South Korea‘s finance minister said Friday that his country should not be regarded as a currency manipulator as it strives to enhance transparency in its currency market. Kim Dong-yeon made the argu...

Oct 12, 2018
Finance
Regulator to conduct more inspections into accounting practices at big firms

The financial regulator said Friday it will conduct more inspections into accounting practices at big companies as part of its efforts to toughen rules on corporate accounting standards. In a report...

Oct 12, 2018
Finance
Korean stock markets take largest loss in 7 years on Wall Street plunge

South Korea’s stock markets were routed Thursday following a plunge in stocks at Wall Street amid surfacing doubts about current tech stock valuations in the United States and fears on lingering US-C...

Oct 11, 2018
Finance
Govt. plans to cut maximum legal lending rate to 20%

The government plans to gradually cut the maximum interest rate that private lenders can charge to 20 percent per annum, the financial regulator said Thursday. In a parliamentary audit meeting, Fina...

Oct 11, 2018
Finance
P2P lender 8Percent receives W6b investment

The South Korean startup 8Percent, dedicated to peer-to-peer financing to individuals and small-sized business owners, announced Wednesday it had drawn a combined 6 billion won ($5.3 million) in inve...

Oct 10, 2018
Finance
[Newsmaker] KRX feels heat from calls to cut trading hours

Debate persists over need to raise market liquidity versus concerns about excessive workload

Oct 9, 2018
Finance
Woori Bank to streamline loan evaluation of offshore units

Woori Bank, South Korea‘s fourth-largest commercial bank by assets, said Monday it has created an office in Singapore to streamline loan evaluation of offshore units across Asia. The office, dubbed ...

Oct 8, 2018
Finance
IBK opens consulting service platform for startups

The state-run Industrial Bank of Korea launched a consulting service platform to support small firms and startups last week, bank officials said. IBK said it opened IBK ChangGongong at its Guro bran...

Oct 7, 2018
Finance
Nation Pension loses 9.9 tln from stock investment through July

The National Pension Service (NPS), the country's top institutional investor, lost a whopping 9.9 trillion won (US$8.7 billion) from stock investments through July this year, a lawmaker said Saturday...

Oct 6, 2018
Finance
Lendit to allow secondary market trading

South Korea’s peer-to-peer financing startup Lendit said Thursday that it plans to allow investors and borrowers to trade notes that are not mature by establishing an online secondary market. Lendit...

Oct 4, 2018
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
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