North Korea loses world judo event because of security risk

The Korea Herald > Business > Finance

Korean overseas bank branches report 15% rise in profits

Overseas branches of South Korean banks saw their combined net profit rise 15 percent on year to $650 million in 2016, thanks to a jump in incomes related to stocks and foreign exchange derivatives, ...

Updated : 2017.04.14 10:10

Korean shares open lower on Pyongyang concerns

South Korean stocks opened lower Friday as investors continued to seek after safer assets amid the rising concern over North Korean provocations including a potential nuke test. The benchmark Korea ...

Updated : 2017.04.14 09:36

Citibank Korea to close 80% of its branches

Citibank Korea, the South Korean unit of Citigroup Inc., said Thursday it will offer financial services via online channels while closing about 80 percent of its physical branches in South Korea. Ci...

Updated : 2017.04.13 16:31

Seoul stocks end higher on eased political uncertainties

South Korean stocks closed higher on Thursday as geopolitical uncertainties both at home and abroad eased to some degree, analysts said. The Korean won rose against the US dollar. The benchmark Kore...

Updated : 2017.04.13 16:11

FSC to strengthen private equity funds' role in bailouts

The Financial Services Commission of Korea rolled out plans Thursday to strengthen the role of private equity firms in carrying out corporate bailout measures, a move aimed to discourage the practice...

Updated : 2017.04.13 15:26

Recovering global economy may help Korea turn around: finance minister

South Korea's finance minister said Thursday that the recent signs of a recovery in world trade will help Asia's fourth-largest economy make a rebound despite lingering uncertainties at home and abro...

Updated : 2017.04.13 11:58

Seoul shares slightly up in late morning trade

South Korean shares traded slightly higher late Thursday morning as investors still remained cautious in making bets on risky assets. The benchmark Korea Composite Stock Price Index added 3.14 point...

Updated : 2017.04.13 11:36

BOK raises growth outlook of Korea's economy to 2.6%

South Korea's central bank on Thursday revised up its growth outlook for Asia's fourth-largest economy to 2.6 percent from 2.5 percent for 2017. (Yonhap) BOK Gov. Lee Ju-yeol announced the estimate...

Updated : 2017.04.13 11:33

BOK holds key rate steady at 1.25% in April

South Korea's central bank on Thursday held its key rate steady for April to support the country's growth, despite a recent US rate hike. The Bank of Korea kept its policy rate at an all-time low of...

Updated : 2017.04.13 10:36

Funds investment increases but skews away from stocks

South Korea's funds market grew big in size, gaining some 100 trillion won ($8.73 billion) in just two years, but the gain has not been all healthy with bigger lumps of money going to non-stock inves...

Updated : 2017.04.13 10:07

Korean shares open higher on tech gains

South Korean stocks opened higher Thursday on the back of robust gains in tech firms. The benchmark Korea Composite Stock Price Index climbed 4.95 points, or 0.2 percent to 2,133.86 in the first 15 ...

Updated : 2017.04.13 10:00

Kookmin Bank to compile feedback on expat banking

Kookmin Bank launched a group to help the company gather feedback from its expat customers Wednesday. The group is made up of 12 expats, non-Korean online community users and bloggers. It is expecte...

Updated : 2017.04.12 17:00

Seoul stocks rebound ending 6-day losing streak

South Korean stocks closed slightly higher Wednesday ending a six-day losing streak, although the rise was limited due to heightened geopolitical tension surrounding the Korean Peninsula, analysts sa...

Updated : 2017.04.12 15:58

Korean shares edge up in late morning trade

South Korean stocks traded a tad higher late Wednesday morning, but the gain was limited by geopolitical tension surrounding the Korean Peninsula. The benchmark Korea Composite Stock Price Index inc...

Updated : 2017.04.12 11:42

Financial holding firms see profits gain 19.6% in 2016

South Korea's seven financial holding companies saw their combined net profit gain 19.6 percent on year in 2016, helped by solid interest income and lower debt provisions, government data showed Wedn...

Updated : 2017.04.12 10:12