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KEB Hana Bank executive relieved from post over scandal

KEB Hana Bank, a major South Korean lender, said Wednesday it has relieved a senior executive of his duties for allegedly being promoted to his previous post with the backing of President Park Geun-h...

Updated : 2017.03.08 12:37

Doosan Infracore advances on earnings hope

Stocks of Doosan Infracore Co. traded at an almost yearly high on Wednesday as the country's leading construction equipment maker's business performance is expected to improve down the line, analysts...

Updated : 2017.03.08 10:37

Foreign stock ownership hits record high in February

Foreign investors continued a buying spree on shares of South Korea’s listed companies in February for the third consecutive month, pushing up their holdings of local stocks to a record high, the co...

Updated : 2017.03.07 18:34

Regulator to toughen rules on corporate accounting

South Korea's top financial regulator said Tuesday the authorities will take tougher measures against accounting-related wrongdoings as part of its effort to enhance the transparency of the nation's ...

Updated : 2017.03.07 16:11

Some W1.4tr still in dormant accounts

South Koreans have yet to claim 1.4 trillion won ($1.21 billion) in dormant financial assets despite the government's campaign to help them withdraw the money, the nation's watchdog said Tuesday. Si...

Updated : 2017.03.07 14:31

Korean banks' capital adequacy ratio mildly rises in 2016

South Korean banks' capital adequacy ratio edged up last year, helped by the government's new rule on the key measure of their financial soundness, the nation's watchdog said Tuesday. The average ca...

Updated : 2017.03.07 12:58

Prosecutors raid financial holding company over stock manipulation

Prosecutors on Tuesday raided the headquarters of a bank holding firm based in the country's second largest city of Busan over allegations of stock price manipulation, prosecution officials said. Of...

Updated : 2017.03.07 12:51

KEB Hana: Fake foreign currencies worth over $130,000 detected last year

KEB Hana Bank, a major South Korean lender, said Tuesday that it detected $134,000 in fake currencies last year. Stacks of foreign currency notes. (Yonhap) The value of the counterfeit bills accoun...

Updated : 2017.03.07 11:05

Korea to run pilot service for credit card-based authentication

South Korea will run a pilot service utilizing the short-range wireless technology used in credit cards for personal authentication and mobile payments, the country's telecommunication watchdog said ...

Updated : 2017.03.07 10:41

ABS issuance dips 27% in 2016 on weak property market

The issuance of asset-backed securities in South Korea tumbled nearly 27 percent in 2016 from a year earlier as the local property market remained sluggish, data showed Tuesday. The amount of ABS is...

Updated : 2017.03.07 09:41

Lim named as new Shinhan Card CEO

Shinhan Financial Group said its subsidiary management committee has named Lim Young-jin, vice president of the financial group, as the new CEO of Shinhan Card. New CEO of Shinhan Card Lim Young-jin...

Updated : 2017.03.06 17:32

Public firms to write off some soured loans extended to individuals

South Korea's public financial service firms will aggressively write off nonperforming loans extended to low-income people in a bid to facilitate their debt rescheduling, a public agency said Monday....

Updated : 2017.03.06 15:51

BOK chief says Korea should brace for possible US rate hike

The head of South Korea's central bank said Monday that Seoul should brace for a possible rate hike this month in the United States. Bank of Korea Gov. Lee Ju-yeol called on officials to come up wit...

Updated : 2017.03.06 15:42

Mirae Asset Daewoo seeks to acquire Vodafone’s office in Germany

Mirae Asset Daewoo, South Korea’s largest brokerage by assets, said it is seeking to acquire Vodafone Germany’s office complex in Dusseldorf for 350 billion won ($303 million). The securities firm...

Updated : 2017.03.06 14:47

Credit card issuers' net profits drop 10% on increased cost

year on a sharp increase in marketing cost and loan loss expenses, data showed Monday. Eight standalone credit card firms here posted a total of 1.81 trillion won ($1.5 billion) in net profit, down ...

Updated : 2017.03.06 14:37