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Bond funds suffer massive outflows amid rate hike concerns

Funds that have invested in domestic bonds have suffered massive cash outflows as investors pulled part of their money out of the funds amid concerns over a rate hike in the US, industry data showed ...

Updated : 2017.03.11 13:49

Korean shares lag far behind US stocks in performance

South Korea's main index rose 80 percent in the past eight years, but still lags far behind US stocks' performance during the same time, the country's main bourse said Friday. The benchmark Korea Co...

Updated : 2017.03.10 10:54

Investment advisory firms shift to losses on less contract

A majority of investment advisory companies in South Korea suffered losses in the third quarter of their fiscal 2016, hit by a decrease in contract amount, data showed Friday. A total of 159 full-ti...

Updated : 2017.03.10 09:12

FSS monitors Korean banks’ lending to Lotte’s units in China

South Korea’s financial regulator is carefully monitoring local commercial banks’ lending to subsidiaries of Lotte Group in China, amid worries that their business might deteriorate with Beijing’s...

Updated : 2017.03.09 16:36

Banks' bad loans fall on risk management

South Korean banks reduced the volume of non-performing loans last year through strict risk management, government data showed Thursday. The ratio of loans classified as "substandard or below" came ...

Updated : 2017.03.09 14:43

Household loans up 10.3% in February

South Korea's household loans extended by local banks rose 10.3 percent in February from a year earlier due to increased mortgages, central bank data showed Thursday. Outstanding household loans fro...

Updated : 2017.03.09 12:07

Korea's money supply up 6.9% in January

The money supply in South Korea jumped 6.9 percent in January from a year earlier, the central bank said Thursday. The nation's "M2" totaled 2,412.6 trillion won ($2.09 trillion) in January, compare...

Updated : 2017.03.09 12:05

Top court upholds fine on former head of Shinhan Financial

The Supreme Court on Thursday upheld a ruling that fined Shin Sang-hoon, former president of Shinhan Financial Group, 20 million won ($17,300) for embezzlement. Shin Sang-hoon (Yonhap file photo) T...

Updated : 2017.03.09 11:29

KDIC opens office in Cambodia

South Korea's state-run deposit insurer said Thursday it has opened a branch office in Phnom Penh, Cambodia, to help recover local property assets once owned by bankrupt Korean savings banks. Cambod...

Updated : 2017.03.09 10:51

KEB Hana Bank executive quits over scandal

A senior executive of KEB Hana Bank has quit for allegedly being promoted to his previous post with the backing of President Park Geun-hye's confidante, the lender said Thursday. KEB Hana Bank said ...

Updated : 2017.03.09 10:45

Seoul stocks almost flat ahead of Fed meeting

South Korean stocks closed almost unchanged Wednesday as investors took to the sidelines ahead of a much-anticipated rate hike in the United States and on a growing spat between South Korea and China...

Updated : 2017.03.08 16:55

Mirae Asset fined W2b for Hanoi tower-related securities sale

Mirae Asset Daewoo Co., a leading brokerage firm in South Korea, was fined 2 billion won ($1.7 million) on Wednesday for skipping the reporting of its securities sale based on the Landmark 72 tower i...

Updated : 2017.03.08 16:50

Govt.-civilian team launched for new int‘l accounting rule on insurers

South Korea began full-fledged preparations Wednesday for a new global accounting regulation on insurers to take effect in the early 2020s. The International Accounting Standards Board is scheduled ...

Updated : 2017.03.08 14:02

Dollar-won exchange volatility eases in Feb.

The won's erratic movement against the dollar eased considerably in February from a month earlier as overall volatility in global foreign-exchange markets eased, central bank data showed Wednesday. ...

Updated : 2017.03.08 12:49

Private equity funds lead growth at asset management firms

The volume of private equity funds in the South Korean capital market surged about 25 percent last year, pushing up the total funds at asset management companies to a record high level, a report by t...

Updated : 2017.03.08 12:40