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Multiple-home owners give away flats to family as new tax rules loomMarketsApr 20, 2021Multiple-home owners in one of Seoul’s most expensive districts have been scrambling to give away their apartments to family members or relatives as gifts before toughened tax rules come into force i... -
Shinhan launches all-around mobile payment solutionMoneyApr 20, 2021South Korea’s Shinhan Financial Group on Tuesday launched a mobile payment solution, as traditional banking groups seek to bolster their digital capabilities in competition against rising fintech fir... -
KOSPI soars to all-time high on recovery hopesMarketsApr 20, 2021The South Korean benchmark stock index refreshed its all-time high Tuesday, extending its winning streak to a seventh session amid speculations of a global economic rebound and strong corporate earni... -
Shinhan Bank partners Kakao Mobility to support taxi driversMoneyApr 20, 2021Shinhan Bank said Tuesday it has signed a memorandum of understanding with Kakao Mobility to financially support the taxi-hailing company’s employees and cooperate on developing new business models. ... -
S. Korea to become non-regional partner of Central American bank in AugustEconomyApr 20, 2021SEJONG -- South Korea will become a non-regional partner of the Central American Bank for Economic Integration (CABEI), a regional lender of Central American nations, in August, officials said Tuesda... -
Chiefs of 50 biz groups receive W1.8tr in dividends in 2020MarketsApr 20, 2021Dividends paid to the chiefs of South Korea's top 50 business groups jumped 37.1 percent last year from a year earlier as major companies delivered more returns to shareholders, industry data showed ... -
Korean asset managers rush to ramp up green driveMoneyApr 20, 2021South Korea’s asset management companies are beefing up their drive to take environmental, social and governance factors into account, by endorsing an international climate initiative and by creating... -
Brokerages' overseas operations see profit gain in 2020EconomyApr 20, 2021Overseas branches of South Korean securities companies saw their combined net profit rise 5.6 percent in 2020 from a year earlier due mainly to increased earnings from commission fees, data showed Tu... -
S. Korea seeks to tackle rising non-tariff trade barriersEconomyApr 20, 2021South Korea's trade ministry said Tuesday it plans to cooperate with major trade partners to cope with the growing number of technology barriers in the global market. Members of the World Trade Orga... -
Seoul stocks open higher on earnings hopeMarketsApr 20, 2021South Korean stocks opened higher Tuesday on investors' hopes of strong corporate earnings in the January-March quarter amid speculation of a global economic rebound. The benchmark Korea Composite S... -
S. Korea to keep tabs on possible global financial instability: senior officialEconomyApr 20, 2021South Korea will keep close tabs on the impact of possible greater global financial volatility on the country's economy and private-sector debt, a senior finance ministry official said Tuesday. Conc... -
State oil firm falls into complete capital erosionEconomyApr 20, 2021The state-run Korea National Oil Corp. (KNOC) lapsed into a complete capital erosion in 2020 as its liabilities exceeded assets due to continued losses, data showed Tuesday. KNOC's liabilities stood... -
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[Top Bankers] Hard-nosed dealmaker at the crossroads as SsangYong stares down the barrelMarketsApr 19, 2021Lee overturns image of KDB pumping state money into failing firms, but carmaker’s bleak prospects tests market-oriented approach -
PDI to host summit on private credit investing opportunities in AsiaMarketsApr 19, 2021Private Debt Investor, a publication dedicated to the global private debt investing scene, said Monday it plans to hold a virtual event this week on exploring opportunities and challenges in private ... -
FSC to launch stock lending system for individual short sellersMoneyApr 19, 2021The nation’s top financial regulator said Monday it will launch a new stock loan system for retail investors to have better access to stock borrowing for short selling. Short selling is a trading te...
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