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Top life insurers bow to regulators over suicide claims

South Korea's top-three life insurers - Samsung, Hanwha and Kyobo - have decided to pay all overdue suicide claims, giving in to regulators' punitive steps, industry officials said Thursday. Samsung...

Updated : 2017.03.02 14:48

Tera Funding loans grow to top W100b in 2 yrs

The chief of Tera Funding, a peer-to-peer property financial service provider, said Thursday that the company's accumulated loans have surpassed 100 billion won ($87.6 million) since its launch two y...

Updated : 2017.03.02 14:07

NPS plans to hire new investment managers

South Korea's national pension fund operator said Thursday it is moving to employ dozens of new investment managers following a recent staff exodus. Late last year, the Investment Management Office ...

Updated : 2017.03.02 14:06

Returns from investments in studio apartments down amid glut

Returns from investments in studio apartments in South Korea edged down in February from a month earlier due to oversupply, data showed Thursday. The annual returns from investments in studio apartm...

Updated : 2017.03.02 10:34

Korean currency top performer against dollar this year

South Korea's won has risen more than 6 percent against the US dollar this year, the best performer among major currencies, data showed Thursday. The won was last traded at 1,133.7 per dollar on Mon...

Updated : 2017.03.02 09:32

Korea's stock trading accounts reach record high

The number of stock trading accounts has reached a record high, partly due to a sharp rise in retail investors, the country's stock market operator said Wednesday. The number of trading accounts cam...

Updated : 2017.03.01 21:09

M&As by Korean firms down, foreign deals rise in 2016

South Korean companies sought fewer merger and acquisitions amid increased economic uncertainty last year, but foreign firms were aggressive in acquiring local IT and entertainment firms, the nation’...

Updated : 2017.03.01 16:10

Smartphones boost use of Internet banking services

A growing number of South Koreans used Internet banking services last year due mainly to the widespread use of smartphones, a survey showed Wednesday. The ratio of South Koreans aged above 12 who us...

Updated : 2017.03.01 14:57

Watchdog's finance portal draws 1.3m users

South Korea's state financial watchdog said Wednesday the number of people using its financial information portal service has exceeded 1.3 million just half a year after its opening. The Financial S...

Updated : 2017.03.01 12:58

Daily credit card spending in Korea hits record high in 2016

Daily credit card spending in South Korea hit a record high in 2016, data showed Wednesday, in the latest sign that credit cards are one of the most convenient payment tools. Credit card holders in ...

Updated : 2017.03.01 12:57

Govt. recoups W2.2tr of public funds via Woori sale

The South Korean government said Tuesday it recouped 2.24 trillion won ($2 billion) of bailout funds, mostly used to help financial companies reeling from the 1997-98 Asian financial crisis, in the f...

Updated : 2017.02.28 17:48

NPS’ annual return marks 4.75 percent in 2016

South Korea’s state pension fund said its annual investment return inched up by 0.18 percent to 4.75 percent in 2016 from a year earlier. According to the National Pension Service, the size of its ...

Updated : 2017.02.28 16:03

Korean institutions buy more foreign securities

South Korean institutions' investment in overseas securities jumped 43 percent on-year in 2016, driven by the growth of bond purchases by insurers and asset management firms, central bank data showed...

Updated : 2017.02.28 13:50

BOK chief cautious about rate change, suggests more fiscal spending

South Korea's central bank said Tuesday it will maintain an accommodative monetary policy amid concerns about the pace of the US rate hike. Speaking to lawmakers, Bank of Korea Gov. Lee Ju-yeol said...

Updated : 2017.02.28 13:47

Korea Deposit Insurance to retrieve assets of shuttered savings banks in Cambodia

The state-run Korea Deposit Insurance Corp. will open a branch office in Cambodia next month to help retrieve property assets owned by shuttered South Korean savings banks, KDIC officials said Tuesda...

Updated : 2017.02.28 13:42