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Fri, December 1, 2023 | 19:55
FSS rejects request for data theft probe
The Financial Supervisory Service (FSS) has rejected a consumer group’s request to examine the extent of damage consumers suffered from recent data theft cases involving major financial firms here.
Regulator invites foreign companies to pension market
Financial Supervisory Service (FSS) Governor Choi Soo-hyun said Tuesday that the country’s aging population will provide new business opportunities for foreign financial firms operating here.
Online fund rivalry heating up
Securities and asset management firms are expanding their online sales networks for fund products with the country’s largest online fund mall scheduled to launch on March 26.
Financial regulators may face BAI audit
State auditors are likely to soon launch a probe into financial regulators in connection with the country’s largest consumer data theft case involving three card issuers, sources said Friday.
Gov't to hike fixed-rate loans to 40%
The government has decided to order banks to increase the portion of loans with fixed interest rates to 40 percent and encourage households to amortize their debts in a bid to improve household debt structure. This is the key part of measures introduced Thursday by the Financial Services Commission (FSC) to rein in surging household debt, which has emerged as a major downside...
FSS investigates Tokyo branches of Woori, IBK
The Tokyo branches of Woori Bank and the Industrial Bank of Korea (IBK) are being investigated by regulators over suspicions that they violated lending rules to provide more loans than permitted to selected clients.
Park envisions venture boom
The government will inject 4 trillion won ($3.74 billion) over the next three years into startups and provide them with tax benefits to trigger a “venture boom” and help create more companies such as NHN and NCsoft.
Oil firms urged to rechart strategies
Korean oil firms are struggling to enhance their profitability amid falling margins from the traditional refining business and an uncertain outlook for global demand for oil products.
Banks to adopt anti-hacking system
Banks will adopt improved authentication systems for Internet banking users in April to protect them from sophisticated scams.
No more 'parachuted' CEOs at state firms
The Ministry of Strategy and Finance reported to President Park Geun-hye a plan to remove favoritism in senior appointments to state firms.