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Korea, Indonesia agree to extend currency swap deal

South Korea and Indonesia have agreed to extend a currency swap deal for another three years as part of efforts to strengthen bilateral financial cooperation, the finance ministry here said Monday. ...

Updated : 2017.03.06 14:35

Online sales in Korea rise in Jan.

Online sales in South Korea continued an upbeat mode in January but the pace slowed down to some extent amid faltering consumer sentiment, government data showed Monday. Total online transactions re...

Updated : 2017.03.06 12:53

Corporate loans fall slightly in Q4

Loans extended to local businesses fell slightly in the fourth quarter from a quarter earlier on decreased operating expenses, central bank data showed Monday. Outstanding corporate loans came to 98...

Updated : 2017.03.06 12:51

Korean govt. tightens monitoring of economy, financial market

The South Korean government said Monday that it will monitor the local financial market and the economy around the clock in order to reduce any possible fallout from North Korea's latest missile laun...

Updated : 2017.03.06 12:48

Key retailer stocks suffer extended losses amid THAAD row

Stocks of major retailers and their affiliates with business ties to China continued to plunge Monday, as Beijing has intensified its measures against South Korea in what appears to be retaliation fo...

Updated : 2017.03.06 12:46

Elderly people borrow more from savings banks, private lenders

The elderly in South Korea are increasingly turning to savings banks or smaller private lenders despite relatively high interest rates, data showed Monday. Outstanding loans extended by local saving...

Updated : 2017.03.06 10:41

Korean banks' net income falls 32% on corporate restructuring

South Korean banks reported a sharp drop in their net income last year, hit by massive loan loss spending to handle troubles in the shipbuilding industry, data showed Monday. Their combined net prof...

Updated : 2017.03.06 10:04

Korea's FX reserves down in February

South Korea's foreign exchange reserves fell slightly in February from a month earlier due to a decrease in the value of non-dollar currencies when converted into the dollar, central bank data showed...

Updated : 2017.03.06 09:29

Finance chief says US rate hike hopes mirrored in market

South Korea's financial market has already factored in expectations for US interest rate hikes this year, the finance minister said Friday, indicating it is well-positioned to withstand their impact....

Updated : 2017.03.03 15:39

BOK chief calls for risk management in digital financial innovation

The head of South Korea's central bank asked heads of major banks on Friday to strengthen efforts to reduce possible risks in embracing innovation in digital finance. Bank of Korea Gov. Lee Ju-yeol ...

Updated : 2017.03.03 11:36

Foreigners picky about S. Korean stock choice

Foreign investors remain picky about what they buy in South Korea's stock market amid their strong presence here, data showed Friday. Foreigners owned more than 500 trillion won ($434 billion) worth...

Updated : 2017.03.03 10:08

Korea's current account surplus narrows to $5.28b in Jan.

South Korea's current account surplus narrowed in January due to an increased deficit in the service balance, central bank data showed Friday. The country's current account surplus reached $5.28 bil...

Updated : 2017.03.03 09:58

Bankruptcy court opens in Seoul

A court specializing in bankruptcy opened Thursday, aiming to respond to the increasing number of bankruptcy and rehabilitation cases. The Seoul Bankruptcy Court is to replace the Seoul Central Dist...

Updated : 2017.03.02 16:44

Seoul, Washington to increase financial sanctions against NK

South Korea and the US agreed to enhance financial sanctions against North Korea amid concerns over Pyongyang’s latest ballistic missile test, the Finance Ministry in Seoul said Thursday. South Kor...

Updated : 2017.03.02 15:16

Korea to sell W4tr worth of Treasury bills in March

South Korea plans to sell 4 trillion won ($3.5 billion) worth of Treasury bills this month to support its expansionary fiscal policy, the finance ministry said Thursday. The bills will have a maturi...

Updated : 2017.03.02 15:11