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FSC recommends banks to keep dividends below 20% of earningsMoneyJan 28, 2021South Korea’s top financial regulator said Thursday it has decided to advise major banks to maintain their dividend payouts below 20 percent of net income during the first half of this year in respon... -
Apartment price gap widens to record high amid overheated housing marketMarketsJan 27, 2021The price gap between high and low-priced apartments nationwide widened to the highest level in 12 years in December last year, showing deepening housing polarization in the country, according to dat... -
IMF raises growth outlook for S. Korea to 3.1% this yearEconomyJan 26, 2021The International Monetary Fund has raised its growth outlook for South Korea this year to 3.1 percent from the earlier figure of 2.9 percent estimated in October last year, the Ministry of Economy a... -
FSS set to order local banks compensate Lime fund customersMoneyJan 25, 2021South Korea’s market watchdog Financial Supervisory Service is slated to order local banks that sold the problematic funds structured by Lime Asset Management to compensate investors who were victims... -
Woori Financial chief pledges to innovate like Amazon, GoogleMoneyJan 17, 2021Woori Financial Group Chairman Sohn Tae-seung has urged the group‘s subsidiaries to gear up for business innovation this year by benchmarking global tech giants Amazon and Google, officials said Sund... -
S. Korea to obligate listed firms to disclose ESG data from 2025MarketsJan 14, 2021South Korea’s financial authorities on Thursday unveiled a comprehensive policy framework that obligates listed firms to disclose corporate information on investment activities related to environment... -
Netherlands-based brokerage to start business in S. KoreaMarketsJan 13, 2021South Korea‘s top financial regulator said Wednesday it has granted preliminary approval for Netherlands-based brokerage house IMC to operate its financial investment and brokerage business in the co... -
S. Korea to inject W30tr into green energy exportsEconomyJan 13, 2021Seeking to boost a green-led economic recovery in the post-pandemic era, South Korea’s government vowed Wednesday to spend 30 trillion won ($27.39 billion) to support local exports of renewable energ... -
S. Korea likely to outpace Italy in GNI per capita: BOKEconomyJan 12, 2021South Korea is likely to overtake Italy in gross national income per capita as its economic growth rate fared well compared to the European economy, according to the Bank of Korea Tuesday. The natio... -
KB Financial chief vows to accelerate digital transformationMoneyJan 11, 2021KB Financial Group Chairman Yoon Jong-kyoo on Monday urged the group’s employees to strive to gain a digital foothold in the banking industry to become the nation’s No. 1 financial platform company. ... -
S. Korea to add 1.04 million new jobs in public sectorEconomyJan 8, 2021The South Korean government plans to create 1.04 million new jobs in the public sector in an effort to tackle the pandemic employment shock, according to the nation’s first vice minister of finance F... -
FSS to inspect Samsung Securities for allegedly breaching capital market rulesMarketsJan 7, 2021The market watchdog Financial Supervisory Service will launch a three-week comprehensive inspection of Samsung Securities on Monday, officials said Thursday. The comprehensive inspection on the nati... -
FSC to ease regulations on financial firms to spur growthEconomyJan 6, 2021South Korea’s top financial regulator has vowed to eliminate regulatory hurdles and outdated rules that hinder local financial companies from rolling out innovative services. “The year 2021 is a cru... -
Rapidly aging population raises alarm over tax revenues: studyEconomyJan 5, 2021If the aging population continues to rise, the ratio of value-added taxes to the nation’s gross domestic product will sharply drop, raising calls for the government’s tax rises to meet the costs of s... -
IBK to begin operation in Myanmar this monthMoneyJan 3, 2021The Industrial Bank of Korea said Sunday it will officially launch and operate a local subsidiary in Yangon, the largest city of Myanmar as early as this month, which marks its third overseas unit, f...
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