The Korea Times - Home

Site Map PDF Subscription Register LogIn
Site Map PDF Subscription Register LogIn

Thu, May 24, 2018 | 01:48

Economy > Finance >

'Samsung fiasco is credit negative'

Moody's Investors Service said Sunday it may cut its rating for Samsung Securities because of the fallout from the “fat-finger scandal,” a combination of human error and inadequate internal checks. This would greatly affect investors.

Finance | 2018-04-15 17:08

Syria risk to hit airlines while benefiting shipbuilders

Amid increasing volatility in the stock market stemming from growing geopolitical tension around Syria, analysts cite airlines as the biggest victim of rising oil prices while oil refiners, shipbuilders and stocks focusing on the domestic market will fare relatively well.

Finance | 2018-04-15 16:26

What does US strike on Syria mean for North Korea?

Banks' obsession with SE Asia could spell trouble

The nation's major banks have done their utmost to land in Southeast Asia as a means to diversify their earnings portfolios, but experts point out their obsession with the region may cause problems of big frogs in a small pond.

Finance | 2018-04-12 19:27

IBK receives license to operate in Cambodia

The Industrial Bank of Korea (IBK) will establish an overseas branch in Phnom Penh, Cambodia, the lender announced Thursday. IBK said its Phnom Penh office obtained a commercial bank license from the National Bank of Cambodia. With the acquisition, IBK became the third Korean bank to be granted an official license for establishing a branch in Cambodia.

Finance | 2018-04-12 19:25

Did MBK get what it wanted from ING deal?

Did MBK Partners get what it wanted from ING Life Korea deal? There's no answer for this question for the time being, as MBK, one of Asia's top private equity funds (PEFs), is apparently taking tit-for-tat steps to sell its stake in ING Life Korea to Shinhan Financial Group. MBK's perspective regarding the ING Life issue is simple. Given the nature of the business MBK is invo...

Finance | 2018-04-11 16:52

Hanwha Group heir invited to Xi' session at Boao Forum

Hanwha Group said Wednesday its heir Kim Dong-won was invited to a leaders' talk session held by Chinese President Xi Jinping at the Boao Forum. According to the group, Kim, chief innovation officer of Hanwha Life, and Hanwha Chairman Kim Seung-youn's second son, is attending the Boao Forum for Asia, known as Asia's Davos Forum, which began on Sunday in Hainan, China, and wil...

Finance | 2018-04-11 15:51

NPS cuts off dealing with Samsung Securities

The National Pension Service (NPS) said, Tuesday, it has decided to halt direct stock trading through Samsung Securities after the brokerage mistakenly gave 2.8 billion shares in dividends instead of 2.8 billion won ($2.62 million) to its employees who own company stock.

Finance | 2018-04-10 17:11

Consumers oppose plan to close banks during lunch

Consumers are complaining about tentative decisions by domestic banks to close for a break during lunch hour. Consumers claim if such decisions are implemented, it would hurt their best interests.

Finance | 2018-04-10 16:49

Samsung Securities struggles with tarnished image

An unprecedented dividend scandal engulfing Samsung Securities left an indelible taint on the brokerage's reputation. Criticism over the brokerage's poor dividend management is mounting despite the company CEO's official apology last week.

Finance | 2018-04-09 18:05

Samsung Securities rapped for moral hazard

Samsung Securities is under fire for mistakenly giving about 2.8 billion shares to its workers who own company stock. It was supposed to pay 2.8 billion won in dividends to the workers, but the company said it was an employee's mistake in inputting numbers in the system.

Finance | 2018-04-08 22:39

1 2 3 4 5 6 7 8 9 10

Hawaii's Kilauea volcano goes 'ballistic'