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Tue, February 19, 2019 | 00:44

Economy > Finance >

Regulator's card fee policies backfire

The financial regulator's card fee policy in favor of small business owners has backfired as credit card firms are moving to charge higher transactions fees on big firms to offset their losses. They have also laid off workers to cut costs and minimize lost revenue.

Finance | 2019-02-18 16:48

Mounting debts corner small business owners

A 36-year-old bar owner surnamed Yoon applied recently for an additional bank loan after his bar business dropped off sharply last year, but the bank refused his loan application because of his outstanding loan. “Business was okay in the first half of last year, but fell off in the second half,” Yoon said.

Finance | 2019-02-18 16:12

Banks enjoy brisk performance overseas

Korean lenders enjoyed steady growth in their income from abroad in 2018 amid continued efforts to strengthen their overseas presence. The jump in earnings came as a result of four major banks strengthening their footholds in Southeast Asia to find new revenue sources and diversify their business portfolios amid the rapid saturation of the domestic market.

Finance | 2019-02-18 16:10

MBK emerges as driving force in M&A market

MBK Partners has emerged as a driving force in the nation's M&A market since the private equity fund (PEF) is said to be one of the strongest candidates in major takeover battles for Nexon and three Lotte Group subsidiaries.

Finance | 2019-02-18 16:09

Foreigners' purchase of S. Korean stocks hits 30-month high in Jan.

Overseas investors bought the largest amount of South Korean shares in 2 1/2 years last month, data showed Monday. Foreigners bought a net 3.7 trillion won ($3.28 billion) worth of local shares in January, following their purchase of 116 billion won of Korean equities a month earlier, the Financial Supervisory Service (FSS) said in a statement.

Finance | 2019-02-18 09:55

Insurers urged to seek opportunities in NK

Non-life insurance firms in South Korea should explore ways to seek business opportunities with their North Korean counterparts, as the isolationist regime is showing growing signs of embracing an open market economy, an expert said Sunday.

Finance | 2019-02-17 17:09

Korea should brace for EU-led global recession

Korea should brace for a eurozone (EU)-triggered global economic slowdown that may develop into a full-blown recession, according to global experts, Sunday. They said that if the eurozone downturn coincides with China's slowdown and trade confrontations between the U.S. and China, it will come as a perfect storm for the Korean economy.

Finance | 2019-02-17 17:09

Woori chief buys shares to boost value

Woori Financial Group debuted on the stock market weaker than expected on Feb. 13, and closed the week at below the value of Woori Bank Group previously traded on the main bourse. This is in spite of Woori Financial Group Chairman Sohn Tae-seung buying 5,000 more Woori Financial shares and Woori Bank Group posting record earnings. Sohn now has 43,127 shares.

Finance | 2019-02-17 16:57

[Macro Today] Begin at the end of old self

Once a black kite, a bird of prey, reaches old age, its wings, beak and toes become weak, useless and ineffective. So it has to decide - will it continue to fly tired, old and unable to catch his prey until its death? Or, will it restart by completely abandoning its old self?

Finance | 2019-02-17 08:56

[INTERVIEW] 'Market will evolve for female leadership'

Serene Chen is a 34-year-old Singaporean executive at Deutsche Bank who heads one of its key sales groups for clients in the Asia Pacific. It may almost be impossible for anyone here to imagine such a “young woman” taking on a leadership role especially in male-dominated finance, given Korea's gender inequality. But Chen said it is very common to see a lot of women working th...

Finance | 2019-02-17 08:55

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