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Financial authorities to inspect firms’ selling of foreign currency insuranceMoneyFeb 26, 2021South Korea’s financial authorities plan to launch an industry-wide probe into insurers selling foreign currency insurance -- which has been gaining popularity here in recent years -- next month, on ... -
South Korea maintains 3% growth outlookEconomyFeb 25, 2021South Korea’s central bank on Thursday decided to maintain its previous 3 percent growth outlook for the nation’s gross domestic product this year, with its chief suggesting that vaccination will det... -
‘Good landlords’ get tax breaks extendedEconomyFeb 24, 2021South Korea’s Finance Minister said Wednesday that the state tax benefit program for “good landlords” – those who voluntarily reduce rent to ease burden on tenants – would be extended by another six ... -
BOK governor strikes back at FSC chief over online payment dataEconomyFeb 24, 2021Bank of Korea Gov. Lee Ju-yeol on Tuesday reiterated his opposition to a revision bill that would enable the Financial Services Commission to collect online payment data, lamenting that the regulator... -
Eximbank to create W200b global ESG fundMoneyFeb 23, 2021The Export-Import Bank of Korea said Monday it plans to set up a global environmental, social and governance-related fund worth at least $200 billion won ($180 million) to support local firms seeking... -
![[News Focus] Foreign banks losing foothold in South Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/02/22/20210222000805_0.jpg)
[News Focus] Foreign banks losing foothold in South KoreaMarketsFeb 22, 2021Recent reports of Citigroup’s possible divestiture plans for its South Korean subsidiary, as well as its other Asia-Pacific consumer units, shed light on how foreign banks are losing their footing in... -
Citigroup may divest Korean banking subsidiaryMoneyFeb 21, 2021Citibank Korea has yet to announce its fourth-quarter performance. Revenue from Citi’s consumer banking business in Asia fell 15 percent to $1.55 billion in the last three months of 2020. If Fraser... -
South Korea to continue financial support for business hit by pandemicEconomyFeb 18, 2021South Korea’s Finance Minister said Thursday that the details of the COVID-19 financial support programs nearing their expiration will be “decided by early March,” indicating the government’s willing... -
S. Korea’s money supply sees record gainEconomyFeb 17, 2021South Korea’s money supply gained a record amount of currency and other liquid instruments on-year in December, central bank data showed Wednesday, triggering alarm bells about inflation. The countr... -
Banking group heads ‘agree’ to extend loan deferment for small bizMoneyFeb 16, 2021While the extension is expected draw a positive reaction from borrowers, critics have raised concerns that it could propel the nation’s loan default rate and pose risks to the banks’ fiscal soundness... -
S. Korea’s property tax-to-GDP 3rd highest among OECD nations: dataEconomyFeb 15, 2021South Korea’s property tax rate compared with its gross domestic product was the third highest among 37 Organization for Economic Cooperation and Development members in 2018, data showed Monday. The... -
S. Korea’s central bank faces key changes to role in digital eraEconomyFeb 13, 2021The upheavals brought by the COVID-19 pandemic have hastened the challenges faced by South Korea’s central bank, from digital transformation to demand for its bigger role to strive for employment sta... -
Banking groups slash dividends despite record-high 2020 profitsMoneyFeb 7, 2021Banking groups have posted record-high net profits for fiscal year 2020, but their dividend payouts have been reduced by roughly 6 percentage points upon advice from the country’s regulator, industry... -
KB Kookmin Bank adopts global ESG-related risk management frameworkMarketsFeb 4, 2021South Korea’s KB Kookmin Bank on Thursday said it has adopted a global environmental, social and governance-related risk-management framework, known as the Equator Principles, to better uphold its en... -
Korea below OECD average as FDI recipient: think tankEconomyFeb 3, 2021South Korea recieved some of the lowest amount of foreign direct investment among 37 Organization for Economic Cooperation and Development members last year, a local think tank data showed Wednesday....
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01Fashion brand Badblood under fire for ‘blackfishing’ on Instagram
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03S. Korea retains position as 7th largest exporter in 2020
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Confirmed cases remain in mid-300s; around 21,000 vaccinated04
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05Boys no longer preferred
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Can international court resolve ‘comfort women’ issue?06
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07New cases below 400; virus curbs extended for 2 weeks
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09[Newsmaker] Child abuse can now lead to death penalty in South Korea
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