North Korea loses world judo event because of security risk

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FSS urges prudence in collecting shipbuilders' debt

South Korea’s top financial regulator on Friday asked heads of banks not to recklessly collect debt from the financially-troubled shipbuilders such as Daewoo Shipbuilding & Marine Engineering. (Yon...

Updated : 2017.04.21 16:45

Seoul stocks end higher on foreign buying

South Korean stocks closed higher Friday as foreigners scooped up stocks on bargain hunting. The won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 10.75 points, or...

Updated : 2017.04.21 16:04

IBK Q1 net up 16% on increased interest income

State-run Industrial Bank of Korea said Friday that its first-quarter net profit jumped 15.9 percent from a year earlier on increased interest income and gains from asset sales. Net profit for the t...

Updated : 2017.04.21 15:52

Korea, World Bank agree to widen cooperation

South Korea's finance minister held a meeting with the president of the World Bank Group to discuss ways to expand the country's participation in the organization, the ministry here said Friday. Fin...

Updated : 2017.04.21 14:28

Internet banks poised to become a force to be reckoned with

Jang Hong-suk got a credit line for a deposit to buy an apartment. All he did was download an app on his smartphone and open an account before applying for a loan. It took about 20 minutes before Ja...

Updated : 2017.04.21 11:46

Korean shares extend gains in late morning trade

South Korean stocks extended gains late Wednesday morning on a rebound in tech and telecom stocks. The won rose against the US dollar. The benchmark Korea Composite Stock Price Index advanced 18.45 ...

Updated : 2017.04.21 11:43

Korea's fiscal spending on SOC projects creates more jobs in Q1: gov't

South Korea increased fiscal spending on infrastructure-building projects in the first three months of the year contributed to the creation of more jobs, the finance ministry here said Friday. The g...

Updated : 2017.04.21 11:03

Banks urged to play 'responsible role' in normalizing Daewoo Shipbuilding

South Korea's top financial regulator on Friday called for heads of banks to play a "responsible role" in normalizing Daewoo Shipbuilding & Marine Engineering Co., as the bailout plan for the trouble...

Updated : 2017.04.21 09:55

Korean shares open higher on US gains

South Korean stocks opened higher Friday, tracking gains on Wall Street and ahead of major companies' first-quarter earnings reports. The Korean won rose against the US dollar. The benchmark Korea C...

Updated : 2017.04.21 09:41

KB Financial Group’s net profit soars nearly 60% in Q1 on-year

KB Financial Group, the second-largest banking group in net assets, posted 870.1 billion won ($763.7 million) of net profit in the first quarter, a 59.7 percent rise on-year, according to the group’...

Updated : 2017.04.20 16:50

FSC to ease rules for debt-to-equity swaps

The Financial Services Commission of Korea announced Thursday it would ease regulations for lenders in streamlining the debt restructuring of financially troubled firms. By revising the enforcement ...

Updated : 2017.04.20 16:42

Seoul stocks end higher on institutional buying

South Korean stocks closed higher Thursday as institutions scooped up stocks on bargain hunting. The won rose against the dollar. The benchmark Korea Composite Stock Price Index rose 10.75 points, o...

Updated : 2017.04.20 16:29

Shinhan’s net profit surges 29 percent in Q1

Shinhan Financial Group said its net profit rose to 997.1 billion won in the first quarter this year, a 29 percent gain from a year earlier, mainly due to improved net interest margins and reduced ge...

Updated : 2017.04.20 15:55

Korea to support vulnerable borrowers

South Korea’s financial regulator said Thursday it planned to allow borrowers who cannot repay debts due to a job loss or the death of a relative, to suspend the repayment of the principal for up to...

Updated : 2017.04.20 15:19

Daewoo Shipbuilding files for debt restructuring

Daewoo Shipbuilding & Marine Engineering filed a petition with the Changwon District Court on Thursday, seeking approval for its 2.9 trillion won ($2.5 billion) bailout plan. If DSME’s mass debt-re...

Updated : 2017.04.20 15:06