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South Korea’s total liabilities surpass GDP for first timeEconomyApr 6, 2021South Korea has seen the largest and fastest increase in total national liabilities last year, as it neared the 2,000 trillion won ($1.78 trillion) mark and exceeded the country’s gross domestic prod... -
Seoul stocks up for 4th day on global economic recovery hopesMarketsApr 6, 2021South Korean stocks rose for the fourth straight session Tuesday as investors pinned their hopes on a faster-than-expected global economic recovery, backed by strong US economic data. The Korean won ... -
Tougher penalties come into force for naked short sellingMarketsApr 6, 2021Investors engaged in naked short selling will be fined up to 100 percent of their order amount, the nation’s top financial regulator said Tuesday. According to the policymaking Financial Services Co... -
Banking groups signal hope of launching internet-only banksMoneyApr 6, 2021South Korean banking groups have approached the financial authorities in hopes of launching their own internet-only lenders, industry insiders said Tuesday, amid the growing popularity of platforms s... -
KCGS downgrades ESG scores of Samsung, SKT, and LGDMarketsApr 6, 2021The Korea Corporate Governance Service, a nonprofit organization that offers environmental, social and governance evaluations for companies, said Tuesday that it had downgraded the ESG ratings of nin... -
Stable US Treasury yields, market rallies support scenario of Kospi rebound in Q2MarketsApr 6, 2021South Korea’s benchmark Kospi could log a fresh record high in the second quarter, a local analyst suggested Tuesday, citing stable US Treasury yields and market rallies on Wall Street as fundamental... -
NH Investment ‘fully responsible’ for W300b Optimus misselling: FSSMoneyApr 6, 2021South Korea’s financial watchdog said Tuesday that it holds NH Investment & Securities, the nation’s second-largest brokerage firm by net assets, entirely accountable for the misselling practices ass... -
Financial holding firms' 2020 net down on increased provisionsEconomyApr 6, 2021South Korea's 10 financial holding firms saw their combined net profit edge down last year, due mainly to higher loan-loss provisions, data showed Tuesday. The combined net profit of KB Financial, S... -
Online shopping rises 15% in Feb. amid pandemicEconomyApr 6, 2021Online shopping in South Korea grew 15.2 percent on-year in February as more people bought products via e-commerce platforms amid the pandemic, data showed Tuesday. The value of online shopping tran... -
Seoul’s hotel transactions, occupancy shrink by halfMarketsApr 6, 2021Hotel transaction volume in South Korea’s capital city of Seoul fell sharply in 2020 as travel restrictions stemming from the coronavirus pandemic sent shock waves through the accommodation industry,... -
S. Korean stocks open higher on Wall Street gainsMarketsApr 6, 2021South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street on the back of strong US jobs data. The benchmark Korea Composite Stock Price Index (KOSPI) added 12.36 points, or ... -
Foreign IBs hike S. Korea's 2021 growth outlook to 3.8%EconomyApr 6, 2021Major global investment banks (IBs) have again upgraded their outlook for South Korea's 2021 economic growth amid growing hopes of a recovery, a report showed Tuesday. As of end-March, nine major gl... -
Brokerages’ shares rise on investments in emerging firmsMarketsApr 5, 2021Shares in local brokerages have risen over the past few days as their investments in rising fintech companies have gained attention from investors. Shares in Hanwha Investment and Securities rose ... -
Hanjin KAL stocks plunge as hostile takeover bid comes to standstillMoneyApr 5, 2021Shares of Hanjin KAL plunged Monday as a hostile takeover bid of an activist investor group came to a standstill the week prior. Hanjin KAL, the holding company of the Hanjin conglomerate that contr... -
FSC chief says HAAH still considering in SsangYong MotorMoneyApr 5, 2021Financial Services Commission Chairman Eun Sung-soo said Monday that SsangYong Motor’s likely investor, US automotive distributor HAAH Automotive, asked the government to give more time before it mak...
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