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Regulator to ease capital rules for insurers ahead of global accounting changeEconomyMay 30, 2017South Korea's financial regulator said Tuesday it will relax some capital rules and other technical standards for insurance firms to help them better cope with changes in global accounting rules. So... -
Rates for household loans inch down in AprilMarketsMay 30, 2017Bank lending rates on new household loans inched down in April and interest rates paid by banks on new deposits also fell, central bank data showed Tuesday. The average interest rates on fresh house... -
Korean shares down 0.72% in late morning trade on profit-takingMarketsMay 30, 2017South Korean stocks traded lower late Tuesday morning as foreign investors and institutions offloaded large-cap stocks in apparent move to lock in profits. The benchmark Korea Composite Stock Price ... -
Korean shares open higher on foreign, institution buyingMarketsMay 30, 2017South Korean stocks opened higher Tuesday on increased buying by foreigners and institutions. The benchmark Korea Composite Stock Price Index gained 1.03 points, or 0.04 percent, to 2,354.00 in the ... -
Public agencies‘ Q1 hiring undershoots targetEconomyMay 30, 2017South Korean public agencies' employment fell just short of their target in the first quarter of the year, data showed Tuesday, but they are expected to expand hiring for the rest of the year in line... -
Internet banking users up in Q1MarketsMay 30, 2017South Korea's Internet banking service rose at a fast clip in the first quarter with both the number of users and daily transactions reaching record highs, central bank data showed Tuesday. In the t... -
Bank federation calls for fintech deregulationMarketsMay 29, 2017The Korea Federation of Banks on Monday called on the incoming policymakers to steer clear of a set of regulations that it said have deterred local banks from dealing with the environment shift in fi... -
Seoul stocks down 0.10% on profit-takingMarketsMay 29, 2017South Korean stocks ended slightly lower Monday on increased selling by institutions. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index shed 2.33 points, or ... -
Korea set to take immediate action against any turbulence in marketMarketsMay 29, 2017The South Korean government said Monday that it will take immediate action against any turbulence in the local financial market and the national economy sparked by North Korea's latest missile launch... -
New home permits tumble 27% in AprilEconomyMay 29, 2017New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising i... -
Mirae Asset expands clout in global ETF marketMarketsMay 29, 2017Mirae Asset Global Investment’s exchange-traded fund business has been increasing its dominance in the global financial market, the company said Monday. The ETF business, currently managing over 15 ... -
Korea’s GDP to include digital sharing economy from 2019: BOKEconomyMay 29, 2017With the rapid emergence of new platforms that enable peer-to-peer transactions, such as Airbnb and Uber, South Korea will start reflecting the digital sharing economy in its gross domestic product f... -
Door closed for communication with businessesEconomyMay 29, 2017Discord over the issue of irregular workers has exposed a rift in relations between the Moon Jae-in administration and business circles. The new liberal government has not been supposed to be busine... -
Citibank Korea launches ATMs for US dollar withdrawalsMarketsMay 29, 2017Citibank Korea said Monday it has introduced automated teller machines enabling bank account holders with local currency to withdraw money in US dollars. The ATMs for foreign exchange transaction we... -
Corporate loans rise slightly in Q1MarketsMay 29, 2017Loans extended to local businesses rose slightly in the first quarter from a quarter earlier on increased operating expenses and facility investments, central bank data showed Monday. Outstanding co...
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