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On the Spot
: Park Hyong-ki
Wed, June 26, 2019 | 09:13
Regulator lowers barriers for securities, asset management
The country's regulator has extended the scope of its financial deregulation for securities and asset management companies to boost the capital market. In a June 25 meeting with executives from such sectors in Seoul, Financial Services Commission (FSC) Chairman Choi Jong-ku said the agency will lower entry barriers to launching securities companies that can offer a wide range...
| 2019-06-25 16:54
Gov't to sell Woori shares by 2022
The government will sell its remaining 18.3 percent stake in Woori Financial Group by 2022, the Financial Services Commission (FSC) said Tuesday, adding that regardless of whether the stock price goes up or down, the state-run Korea Deposit Insurance Corp. (KDIC) will start liquidating its Woori shares. It will not sell the shares all at once, but offload them in sequence by ...
| 2019-06-25 16:20
Preparing for summer
Woori Financial Group Chairman Sohn Tae-seung, second from left, assembles a fan with his employees during a charity event at the group's headquarters in Seoul, June 24. The fans will be delivered to the elderly living alone. Courtesy of Woori Financial Group
| 2019-06-25 16:16
KIC CEO in between rock, hard place
Korea Investment Corp. (KIC) CEO Choi Hee-nam may have a lot of things to worry about mainly concerning the future course of the country's sovereign wealth fund manager. Economic headwinds are blowing hard not only toward Korea but also global markets. When economies slow down, investors - in KIC's case, the Ministry of Economy and Finance and the Bank of Korea (BOK) - tend t...
| 2019-06-24 13:17
NH Investment becomes IPO king in H1
NH Investment & Securities has become the top underwriter of stocks listed on the KOSPI and KOSDAQ in the first half of 2019, according to the Korea Exchange (KRX), Sunday. Given that there were no additional stock flotation plans in June, the market for initial public offerings (IPO) will exceed 1 trillion won ($9 billion) by the end of June. NH Investment managed five of th...
| 2019-06-24 13:16
Financial groups pouring billions into startups
Local financial groups are moving aggressively towards increasing their bets on fintech startups, industry sources said Wednesday. Besides offering a wide range of services through their innovation centers, the groups have internally reorganized and set up new divisions focusing on spurring the entrepreneurial spirit. Shinhan Financial Group, the biggest holding company by pr...
| 2019-06-19 18:10
Regional banks eye Southeast Asia
Regional financial groups are looking to expand further in Southeast Asia as the local market is getting smaller and more crowded, industry sources say. They are facing a number of challenges as Seoul-based financial groups' flagship banks have increased their presences in their backyards. Also, an economic slowdown is making regional banks turn their sights toward new potent...
| 2019-06-18 17:47
Platform economy stands at crossroads
The country's aim to create a so-called platform economy stands at a crossroads amid a conflict between old and new businesses, analysts and industry sources say. Also, the global trade war between the United States and China, which has been extended into a tech power game, is further making Korea look like a follower, not an innovator.
| 2019-06-17 16:59
KEB Hana launches platform for pensioners
KEB Hana Bank has launched a platform for customers who have retired to invest their pensions in various funds for management, the lender said Monday. The bank said the platform marks the first of its kind in the market here.
| 2019-06-17 16:59
All eyes on Fed meeting this week
This week, the U.S. Federal Open Market Committee (FOMC) will hold a monetary policy meeting that could either deal a blow to or restore confidence in the global economy. Analysts say investors will be watching the meeting led by Fed Chairman Jerome Powell from June 18 to 19.This is because the chairman recently signaled monetary easing to prevent a further economic slowdown ...
| 2019-06-17 16:58
Korean astronomers discover asteroid that could potentially hit Earth
All national short track speed skaters kicked out of training center over sexual harassment
Stars share secret 'idol water' recipe to fight facial bloating
Shinsegae goes after Coupang, Market Kurly in 'dawn delivery'
US man guilty in slaying of visiting Chinese scholar
McDonald's Korea fined over unfair biz practice
Institute offers help for English-speaking foreigners suffering mental problems
Hwang's claim debunked: Foreigners' treasury contribution hits $1.17 billion
Biegun to visit Seoul ahead of Trump
Trump says he exchanged 'very friendly' letters with Kim
Celebrating Korea-Czech relations
Daily life of Pyongyang
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