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Financial watchdog warns Woori, Hana over board infractionsMoneyMar 26, 2020The Financial Supervisory Service on Thursday issued warnings to two major banking groups here -- Woori and Hana -- directing them to improve their overall transparency and corporate governance. The... -
Woori Financial chief seals 2nd term despite oppositionMoneyMar 25, 2020Woori Financial Group Chairman Sohn Tae-seung was reappointed for three more years by shareholders Wednesday, despite disciplinary measures imposed by South Korean financial authorities. At the grou... -
Moon vows W100tr rescue package to reinvigorate economyEconomyMar 24, 2020President Moon Jae-in on Tuesday announced plans to double the size of aneconomic rescue package to 100 trillion won ($80 billion) to boost local businesses suffering due to the novel coronavirus out... -
Standard Chartered Bank Korea donates face masks to virus-hit Daegu hospitalMoneyMar 23, 2020Standard Chartered Bank Korea, wholly owned by London-based Standard Chartered Bank, donated 5,000 face masks to a hospital in Daegu, which has become the epicenter of the novel coronavirus here sinc... -
Shinhan Financial asks unit CEOs to take digital leadershipMoneyMar 23, 2020Shinhan Financial Group said Monday that it has decided to adopt a new digital leadership system, assigning tasks of fostering different innovative technologies to the executive officers of its subsi... -
Shinhan Investment CEO steps down over Lime scandal, derivatives missellingMoneyMar 20, 2020Shinhan Investment CEO Kim Byung-cheol resigned on Friday, taking responsibility for the brokerage’s role as a key sales channel for now-frozen Lime Asset funds and derivatives that caused huge losse... -
Officials, experts divided over impact of S. Korea-US currency swap dealMarketsMar 20, 2020While the financial authorities on Friday welcomed the $60 billion bilateral currency swap deal signed between South Korea and the US the previous day, some experts voiced concern that it may be too ... -
Bidding war for Prudential Life intensifies amid coronavirus risksMoneyMar 19, 2020An intense bidding war for the takeover of Prudential Life Insurance of Korea, valued at some 2 trillion won ($1.6 billion), kicked off early Thursday as major banking groups and private equity house... -
Banking groups under profit pressure by rate cutMoneyMar 18, 2020South Korea’s major banking groups are operating under emergency systems to deal with impact by the central bank’s record-low key rate on the financial and forex markets. The current 0.75 percent in... -
Interest rates of savings products, mortgages to drop on BOK’s rate cutMarketsMar 17, 2020South Korean banks are expected to start lowering interest rates tied to fixed deposit products and mortgages on Tuesday amid the Bank of Korea’s decision to slash its benchmark interest rate to a re... -
BOK likely to cut rate this week amid calls for more stimulusEconomyMar 15, 2020South Korea’s central bank is likely to convene an emergency meeting of its monetary policy board this week to slash its interest rates to a record-low of 1 percent, amid growing calls to beef up eco... -
![[COVID-19 Market Impact] IPOs, business meetings delayed, commercial banks on high alert](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/12/20200312000803_0.jpg)
[COVID-19 Market Impact] IPOs, business meetings delayed, commercial banks on high alertMarketsMar 12, 2020Local brokerages and banks in Yeouido, the country’s main investment and financial district, have allowed employees to work from home as part of efforts to contain the new coronavirus. Over 73 percen... -
Citibank, JP Morgan and two others fined W1.3b for fixing prices of forex derivativesMoneyMar 11, 2020South Korea’s antitrust watchdog said Wednesday that it had fined four foreign banks a total of 1.3 billion won ($1.1 million) for fixing the prices of foreign exchange derivatives and manipulating t... -
Banking groups to hold shareholders meetings despite coronavirus scareMoneyMar 11, 2020Even though the novel coronavirus outbreak is increasing “social distancing,” local banking groups are set to hold shareholders meetings as scheduled, but are also considering complementary measures ... -
![[Newsmaker] Basic income scheme of W51tr spurs controversy](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/10/20200310000700_0.jpg)
[Newsmaker] Basic income scheme of W51tr spurs controversyEconomyMar 10, 2020“The program could be inefficient because it means the government is spending its budget outside its regular expenditure, resulting in a higher fiscal multiplier,” said Kim So-young, an economics pro...
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01Govt. set to decide on school opening date next week
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146 newly confirmed with virus in S. Korea; Recovery rate tops 50%02
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03S. Korea begins mandatory 14-day self-quarantines on arrivals from US
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[Newsmaker] Ex-FT Island singer additionally convicted for filming rape victims04
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05PM says hard to ban overseas arrivals
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50% of coronavirus patients recovered in S. Korea06
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07S. Korea puts US, UAE, Indonesia on priority list for quarantine supplies export
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Goo Hara’s brother pushes for law under her name08
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09New infections again skid, clusters, imported cases still concerns
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PM urges youth to stop clubbing10