After demands aired, solution to Qatar crisis seems far off

The Korea Herald > Business > Finance

Think tank chiefs call for additional rate hike

The heads of Korea’s major think tanks Monday emphasized the importance of the nation’s continued efforts to “normalize” macroeconomic policies, citing a sufficient amount of liquidity unleashed in t...

Updated : 2011.06.20 18:59

Hyundai Securities hit by network glitch

Cyber network problems have occurred again in the nation’s brokerage sector, following similar cases in NH Investment & Securities, Leading Investment & Securities, and Dong Yang securities earlier t...

Updated : 2011.06.20 18:57

[Herald Inteview] Korean banks’ short-term external debt rising: Fitch

Credit rating agency Fitch noted the rising short-term external debt held by Korean banks in recent months, but said its portion relative to overall external debt was still sustainable. “The South ...

Updated : 2011.06.20 18:57

Rising mortgage rates could dampen spending

Mortgage rates hit a 30-month high fueled by Bank of Korea’s rates hike this month, raising concerns for damaging effects to the economy. On June 10, the central bank raised the benchmark rate by 0....

Updated : 2011.06.19 19:03

No bid for banking unit of Korea Post: KDB

KDB Financial Group Inc. denied a news report that the state-owned company plans to acquire banking businesses of Korea Post. KDB officials said Saturday that the company has not reviewed such plan....

Updated : 2011.06.19 18:45

Seoul bourse to face volatility this week

The Korean stock market is expected to face volatility this week as eurozone countries are still mired in a deadlock over solutions to the worsening Greek debt crisis, analysts said. The country’s k...

Updated : 2011.06.19 18:45

Local banks’ exposure to Greece tops $500m

Local bank’s exposure to debt-burdened Greece tops $500 billion but it poses limited impact on the local financial market even in the case of a default, financial authorities said Sunday. The Financ...

Updated : 2011.06.19 18:44

[Herald Interview] IMF: Rate hikes should help tame stock volatilities

IMF, Finance Ministry split on focus of capital control measures Korea should raise its policy rate faster to discourage volatile capital inflows into stocks and boost the effectiveness of capital b...

Updated : 2011.06.19 18:44

IMF urges BOK to tame inflation

Delegation calls for speedy hikes in key rate and currency appreciation A delegation from the International Monetary Fund on Friday advised Korea to take tighter monetary policy and pull up its curr...

Updated : 2011.06.17 19:35

Lawmakers agree on BOK inspection right

The National Assembly is poised to settle the long-standing dispute over whether to provide the nation’s central bank with independent authority to inspect financial companies. Ruling and opposition...

Updated : 2011.06.17 19:23

Seoul to expand ‘differentiated rate system’ for public services

Korea will expand the “differentiated rate system” for public services as part of its ongoing efforts to tame inflation, a senior Finance Ministry official said Friday. The differentiated rate syste...

Updated : 2011.06.17 19:21

Lone Star retrial delayed

The Seoul High Court delayed the trial in the case of alleged stock manipulation of the Korean unit of Lone Star Funds, the biggest shareholder of Korea Exchange Bank, to July 21. While the court he...

Updated : 2011.06.16 19:17

Seoul pushes for access to Swiss bank accounts

Tax agency finds 1.8 trillion won of foreign funds invested in local stocks The National Tax Service is pushing for a discussion with Swiss tax authorities to widen the scope of information sharing ...

Updated : 2011.06.16 19:12

Woori bid to buy U.S. lender fails

Woori Finance Holdings Co.’s deal to buy a Los Angeles-based bank has fallen through due to regulatory hurdles, sources said Thursday, casting a shadow on its ambition to strengthen its footing in th...

Updated : 2011.06.16 18:53

Household loans mark biggest increase in four months

Household loans extended by Korean financial firms grew by the largest amount in four months in April on a sustained increase in home-backed lending, the central bank said Thursday. Household lendin...

Updated : 2011.06.16 18:52