North Korea loses world judo event because of security risk

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NPS halts trading with Deutsche Bank Korea

Korea’s biggest investor the National Pension Service said Thursday that it would stop placing stock and derivative orders with the Korean branch of Deutsche Bank AG for six months following the regu...

Updated : 2011.03.10 18:18

BOK raises key rate to 3 pct to tame inflation

South Korea's central bank raised the key interest rate on Thursday by a quarter percentage point in a bid to put a lid on growing inflationary pressure sparked by rising oil and food prices. Bank o...

Updated : 2011.03.10 10:38

KRX OKs listing of Hana Financial‘s new shares

Korea’s bourse operator on Wednesday gave the green light to Hana Financial Group Inc.‘s request to list its new shares on the local bourse, a move expected to expedite the group’s takeover of the co...

Updated : 2011.03.09 19:41

[Herald Interview] Korea hopeful of G20 progress on global imbalance

The Group of 20 major economies are likely to come up with different numerical current account targets for each member nation in April to correct global trade imbalances, said Sohn Byung-doo, directo...

Updated : 2011.03.09 19:39

Regulator to tighten savings bank rules

Korea plans to tighten supervision of savings banks after the government was forced to suspend eight lenders this year because they were unable to meet depositors’ withdrawal demands. The Financial ...

Updated : 2011.03.09 18:28

Central bank to focus on inflation

BOK officials point to drop in money supply growth to more than 5-year low in January The Bank of Korea said Wednesday it would focus interest rate policy on firmly securing price stability as Asia’...

Updated : 2011.03.09 18:20

KB Financial focuses on customer value

Group provides more financial services, upholds transparency in governance KB Financial Group is stepping up efforts to improve financial services and maximize customer satisfaction to better meet a...

Updated : 2011.03.09 18:14

Seoul shares open higher on Wall Street rallies

South Korean stocks started higher on Wednesday as overnight gains on Wall Street lifted investor sentiment, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 0.28 perc...

Updated : 2011.03.09 10:02

Banks' capital adequacy ratio inches down in Q4

The capital adequacy ratio of South Korean banks edged down in the fourth quarter of 2010 from three months earlier due to their payouts of year-end stock dividends, the financial regulator said Wedn...

Updated : 2011.03.09 09:59

Regulator to guide firms on cartel laws

FTC to help Korean companies act within tighter U.S., EU regulations The Fair Trade Commission on Tuesday cautioned local companies over increasingly tougher anti-trust regulations and surveillance ...

Updated : 2011.03.08 18:00

Seoul shares open higher on shipbuilders

South Korean stocks started higher on Tuesday as retail and institutional investors picked up shares of shipyards, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) added 4.13 p...

Updated : 2011.03.08 09:51

Korea’s savings rate far below OECD average

Korea’s household savings rate stayed far below the average for major economies in the world, a report showed Monday, apparently indicating that the latest economic crisis resulted in a decline in i...

Updated : 2011.03.07 18:35

Trade group urges swift Korea-EU FTA approval

The head of Korea’s largest trade organization urged the country’s National Assembly Monday to quickly ratify the free trade agreement with the European Union. SaKong Il, chairman of the Korea Int...

Updated : 2011.03.07 18:33

FSS warns of credit card woes

Financial Supervisory Service Gov. Kim Jong-chang speaks during a meeting with chief executives of credit card companies on Monday. (Kim Myung-sub/The Korea Herald) The nation’s chief financial reg...

Updated : 2011.03.07 18:02

China’s focus on stability to create opportunities for Korea

China’s new drive for sustainable growth raised expectations of bigger opportunities for Korean exporters, with some advising more aggressive investment to target mainland consumers. Chinese Prime M...

Updated : 2011.03.07 18:02