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Shinhan Financial to acquire Orange Life for W2.29trMarketsSept 5, 2018Shinhan Financial Group Co., a major South Korean financial holding firm, said Wednesday it will acquire a majority stake in Orange Life, formerly known as ING Life Insurance, for 2.29 trillion won (... -
Bank loans soar in August amid heated housing marketEconomySept 4, 2018South Korea’s major banks saw their household loan balance climb at the fastest pace in almost two years in August, propelled by the mortgage loan uptrend amid the robust real estate market here, sai... -
Consumer prices remain unstable ahead of ChuseokEconomySept 4, 2018South Korea's consumer prices remain unstable ahead of the Chuseok holiday due to soaring vegetable prices stemming from weeks of hot weather and the recent downpours, data showed Tuesday. The price... -
Korea's consumer prices up 1.4% in AugustEconomySept 4, 2018South Korea's consumer price growth continued to stay above 1 percent in August on a rise of agricultural goods and the service sector, government data showed Tuesday. The country's consumer price i... -
Korean economy grows revised 0.6% on-quarter in Q2: BOKEconomySept 4, 2018South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish construction investment, the central bank said Tuesday. The country's gross dome... -
Indicators point to weakening economyEconomySept 3, 2018Concerns are growing over the weakening vitality of the Korean economy as facility investment continues to decrease, with consumer sentiment and business confidence sluggish. Government data release... -
Signs emerge of stronger real estate taxEconomySept 3, 2018South Korea is facing another set of brawls this year concerning taxation equity and wealth distribution, as the government and ruling party signaled at further toughening tax rules for affluent prop... -
Income statistics dispute extends to credibility of govt dataEconomySept 2, 2018Following the recent replacement of the statistics office chief, the ongoing dispute concerning the Moon Jae-in administration’s income-led growth initiative has now expanded into an argument on the ... -
Richest people make 1,000 times more than poorestEconomySept 2, 2018The richest people in South Korea earned nearly 1,000 times more than the lowest wage earners last year, a parliamentary report said Sunday, highlighting the country's widening income disparity. The... -
Korea’s market liquidity hits record highMarketsSept 2, 2018The size of floating funds in the market reached a record high of 1,117.3 trillion won ($999.8 billion) as of late June, with the total unlikely to come down in the near future, official data showed ... -
State support for low wage earners to jump 3.6 times to near W5tr in 2019EconomySept 2, 2018Earned income support provided by the government to offset low wages will rise a sharp 260 percent from this year to near 5 trillion won ($4.47 billion) in 2019, official data showed Sunday. The inc... -
Bio shares ready to recover on growing investment, eased regulationsMarketsSept 2, 2018Shrugging off concerns over overvaluation and uncertainties regarding accounting regulations, South Korea's pharmaceutical and bio companies have shown signs of regaining their presence on the stock ... -
Moon says reform is call of 'the times'EconomySept 1, 2018President Moon Jae-in called Saturday for an unswerving reform drive despite a falling approval rating and controversies over his economic policy. He was speaking at an unprecedented gathering of al... -
S. Korea's exports up 8.7 pct in AugustEconomySept 1, 2018South Korea's exports increased 8.7 percent in August compared with a year ago on upbeat sales of semiconductors and petrochemical products, government data showed Saturday. Outbound shipments reach... -
BOK hawkish signs abate as uncertainties ariseMarketsAug 31, 2018Central bank holds key rate at 1.5% for nine consecutive months
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