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Blackstone seeks up to W320b in exit from handbag maker IPOMoneyAug 31, 2021New York-based private equity firm Blackstone is attempting to cash in on its holdings in Simone Acc Collection for up to 320.7 billion won ($275.3 million) in a partial exit involving an initial pub... -
Institutions' investment in foreign securities up 5.1% in Q2EconomyAug 31, 2021South Korean institutions' investment in foreign securities rose 5.1 percent in the second quarter as they increased their holdings of foreign stocks and bonds, central bank data showed Tuesday. The... -
Banks' bad loans fall 11.5% in Q2EconomyAug 31, 2021Nonperforming loans at South Korean banks fell 11.5 percent in the second quarter from three months earlier due to a decline in overdue corporate loans, data showed Tuesday. Nonperforming loans came... -
Moon stresses need to keep expansionary fiscal policy in 2022EconomyAug 31, 2021President Moon Jae-in on Tuesday emphasized the importance of maintaining an aggressive fiscal policy next year, as the government has proposed an 8.3 percent hike in the state budget. "(We) are fac... -
![[Newsmaker] S. Korea proposes record W604tr budget for 2022 amid pandemic](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/08/31/20210831000465_0.jpg)
[Newsmaker] S. Korea proposes record W604tr budget for 2022 amid pandemicEconomyAug 31, 2021South Korea on Tuesday proposed a record high budget of 604.4 trillion won ($519 billion) for next year as it plans to maintain expansionary fiscal spending to cement the economic recovery and narrow... -
Seoul stocks open lower amid virus woesMarketsAug 31, 2021South Korean stocks opened lower Tuesday as investors took to the sidelines amid the country's protracted fight against its worst wave of the pandemic. The benchmark Korea Composite Stock Price Inde... -
S. Korea wary of potential market volatility from Fed's tapering issue: officialEconomyAug 31, 2021Talks about the Federal Reserve's tapering of asset purchases have had limited impacts on South Korea's financial market, but the country will monitor the situation with "extra" vigilance, a senior g... -
Home transactions sink 37% in JulyEconomyAug 31, 2021Home transactions in South Korea tumbled 37 percent in July amid government efforts to rein in soaring housing prices, government data showed Tuesday. The number of homes changing hands nationwide s... -
Industrial output down in July amid toughened virus curbsEconomyAug 31, 2021South Korea's industrial output decreased in July from the previous month in the latest sign that the country's economic recovery momentum slowed amid the fourth wave of the pandemic, data showed Tue... -
Hahn & Co. sues Namyang Dairy for breach of contractMoneyAug 30, 2021Seoul-based buyout firm Hahn & Co. has filed a lawsuit against Namyang Dairy Products shareholders for failing to abide by a binding contract to sell their controlling shares to them, the nation’s se... -
Ruling on Woori chief signals clemency to CEOs for misselling scandalMarketsAug 30, 2021A court ruling that nullified a penalty for Woori Financial Group Chairman and Chief Executive Officer Sohn Tae-seung signals clemency for other chiefs of banks and other financial institutions who h... -
State spending on strategic industries to surge 43% next yearEconomyAug 30, 2021South Korea will ramp up spending on the next-generation automobile, chip and bio-health sectors next year in an effort to nurture homegrown companies into leading players in the global market, the f... -
Seoul stocks gain for 2nd day on US Fed's cautious signalMarketsAug 30, 2021South Korean stocks gained for a second consecutive session Monday as investors remained optimistic about the US Federal Reserve's cautious stance on withdrawing its ultra-easing monetary policy. The... -
Every South Korean to face W100m of national debt in 2038: studyEconomyAug 30, 2021South Korea’s national debt per person is expected to grow at a fast clip to reach 100 million won ($85,800) in 2038 as a result of government’s expansionary spending to keep its economic growth in l... -
Standard Chartered launches blockchain trade finance platformMoneyAug 30, 2021Standard Chartered said Monday it has launched a blockchain-based digital trade finance platform through a joint venture with Chinese supply chain financial technology firm Linklogis. The platform n...
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