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Woori Financial chief pledges to innovate like Amazon, GoogleMoneyJan 17, 2021Woori Financial Group Chairman Sohn Tae-seung has urged the group‘s subsidiaries to gear up for business innovation this year by benchmarking global tech giants Amazon and Google, officials said Sund... -
Biz outlook for refiners, chipmakers bright this year: pollEconomyJan 17, 2021A majority of South Korean manufacturing companies expect their business conditions to stay in positive terrain this year, led by a recovery in the refining, chipmaking and bio sectors amid the virus... -
Retail investors emerge as big players in stock marketsMarketsJan 17, 2021South Korean retail investors have emerged as deep pockets in the stock market, pouring in more than 100 trillion won ($90.6 billion) since early last year, data showed Sunday. Individual investors ... -
KKR's Asia fund underscores hope for real asset recoveryMarketsJan 15, 2021The announcement of two fund closures by US investment firm KKR this week highlighted its anticipation for real asset recovery in the Asia-Pacific region, including South Korea. KKR on Wednesday clo... -
BOK chief says stock markets rise at 'very fast clip'EconomyJan 15, 2021Bank of Korea Gov. Lee Ju-yeol on Friday expressed concerns about the stock market’s recent rally, warning retail investors that their debt-backed equity buying spree could lead to big losses. The c... -
Seoul stocks tumble on profit-takingMarketsJan 15, 2021South Korean stocks dipped more than 2 percent Friday as investors booked profits from a recent rally. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOS... -
RCI Financial Services rolls out auto finance appMoneyJan 15, 2021RCI Financial Services Korea, an affiliate of Renault Samsung Motors, launched a mobile app which enables customers to apply for loans remotely after signing a contract to buy a car, the firm said Fr... -
BNP Paribas to exit from asset management joint venture with ShinhanMoneyJan 15, 2021France-based BNP Paribas Asset Management Holding is set to divest its entire stake in its South Korean joint venture with Shinhan Financial Group, the Korean banking group said Friday. Shinhan BNP ... -
Economic uncertainty continues amid flare-up in COVID-19: finance ministryEconomyJan 15, 2021The South Korean economy faces persistent uncertainty as a resurgence in new coronavirus cases and stricter virus curbs are hampering domestic demand, the finance ministry said Friday. Domestic dema... -
BOK keeps key rate at record low as pandemic persistsEconomyJan 15, 2021South Korea's central bank on Friday held its policy rate unchanged at a record low of 0.5 percent, as the fallout from a third wave of the new coronavirus hurt the scope of maintaining an economic r... -
Seoul stocks open higher on US stimulus proposalMarketsJan 15, 2021South Korean stocks opened higher Friday, as investor sentiment was boosted by a massive stimulus proposal by US President-elect Joe Biden that fueled hopes of speedy global recovery from the pandemi... -
S. Korea puts priority on increasing home supply to ease housing crunchEconomyJan 15, 2021South Korea will put priority on increasing housing supply by lowering construction regulations in the densely populated urban area and supporting redevelopment projects to stabilize the housing mark... -
Mirae Asset chairman stresses innovationMarketsJan 14, 2021Park Hyun-joo, chairman and founder of South Korea’s Mirae Asset Group, on Thursday urged analysts to explore innovative companies, stressing shifting investment strategies focusing on the growth pot... -
Nexon's holding company invests $16m in Elon Musk's SpaceXMarketsJan 14, 2021NXC, the holding company of South Korea’s largest game developer Nexon, has invested $16 million in SpaceX, the aerospace company run by electric carmaker Tesla CEO Elon Musk, the company said Thursd... -
Rise of retail investors pushes stocks, mitigates 'Korea discount': expertsMarketsJan 14, 2021The South Korean stock benchmark surpassing the 3,000-point mark last week highlighted the rise of retail investors, which mitigated a series of negative factors that had left the local stock market ...
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