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KB Securities seeks to sell Hyundai Asset Management

KB Securities Co., a major South Korean brokerage firm, is pushing for the sale of an asset management unit, industry sources said Monday. KB was born through a merger of Hyundai Securities Co. and ...

Updated : 2017.02.27 20:25

Banks' loan delinquency rate edges up in Jan.

The delinquency rate of domestic banks' won-denominated loans edged up in January from a month earlier, South Korea's financial watchdog said Monday. The delinquency rate for bank loans came to 0.53...

Updated : 2017.02.27 15:13

Internet banking users up in 2016

South Korea's Internet banking service rose at a fast clip in 2016 with the number of daily transactions and its value reaching record highs, central bank data showed Monday. The number of Internet ...

Updated : 2017.02.27 14:07

SK Group benefits from M&As by holding firm SK Holdings

SK Group, South Korea's No. 3 conglomerate, has largely benefited from mergers and acquisitions pushed by the group's holding firm, SK Holdings Co., in the chipmaking and biotech sectors, industry so...

Updated : 2017.02.27 11:52

Banks' daily FX turnover down 0.1% in 2016

The daily foreign exchange turnover by local and foreign banks in South Korea dropped 0.1 percent in 2016 from a year earlier, the central bank said Monday. The daily FX turnover averaged $48.38 bil...

Updated : 2017.02.27 09:19

Korean stocks are world’s most undervalued: study

Korean stocks are the most undervalued in the world, being cheaper than not only those in advanced countries but also emerging economy shares, according to local experts Sunday. According to data fr...

Updated : 2017.02.26 14:52

Individuals only loser in Korean stock market

Individual 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...

Updated : 2017.02.26 09:20

FSS seeks business suspension on three insurers over suicide benefits

South 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 Fin...

Updated : 2017.02.24 16:43

SK executives given stock options

Top 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...

Updated : 2017.02.24 16:43

KB Financial Group to add foreign outside director

KB 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 direc...

Updated : 2017.02.24 16:41

Korea contributes $80m to five int'l financial organizations in 2016

South 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...

Updated : 2017.02.24 15:09

Regulator urges insurers to reflect auto tech advance in premium

South 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...

Updated : 2017.02.24 09:51

[Newsmaker] Current FKI chairman Huh to stay in office

Huh 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...

Updated : 2017.02.24 09:46

Regulator mulls deregulation for big IBs' property investment

South 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...

Updated : 2017.02.24 09:39

Financial watchdog slaps fines for 63 disclosure violations

South 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...

Updated : 2017.02.23 16:16