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The Korea Times

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Asia

The Korea Times

Finance

Markets

Tue, February 7, 2023 | 00:31

Financial groups to pump $66.5 billion to ease market crunch

Financial groups to pump $66.5 billion to ease market crunch

Korea's five large financial groups decided Tuesday to inject a large amount of liquidity into the financial market to help ease its recent volatility.

2022-11-01 10:15

Woori Financial Group has least exposure to real-estate project financing

Woori Financial Group has least exposure to real-estate project financing

Major financial groups maintain a relatively stable risk exposure to real estate project financing, while regional financial groups tend to have a larger exposure compared to their loan provision sizes, data showed.

Anna J. Park | 2022-10-31 16:09

KOSPI expected to achieve technical rally as Fed seen easing rate hikes

KOSPI expected to achieve technical rally as Fed seen easing rate hikes

The benchmark KOSPI will pick up fresh momentum for a technical rally amid growing calls for the U.S. Federal Reserve to control the pace of its rate hikes as the year-end approaches, analysts said. The main bourse closed at 2,268.4 points on Friday, up 2.5 percent or 55.28 points from a year earlier. The secondary Kosdaq also ended with a gain of 1.95 percent at 687.63 durin...

2022-10-30 14:44

Institutional investors asked to refrain from market-destabilizing trading

Institutional investors asked to refrain from market-destabilizing trading

Korea's financial authorities called for cooperation from institutional investors, including the state pension operator, to refrain from stock trading that could heighten market swings, sources said Friday.

2022-10-28 11:27

Seoul to ease lending rules for first-time homebuyers

Seoul to ease lending rules for first-time homebuyers

Korea will ease lending rules for first-time homebuyers and single-home owners next year as the once red-hot housing market appears to be entering a downturn amid rising interest rates, financial authorities said Thursday.

2022-10-28 09:11

Gov't to boost visa issuances to foreign workers to meet labor shortage at small businesses

Brokerage houses report dismal earnings amid freezing stock transactions

Brokerage houses report dismal earnings amid freezing stock transactions

Securities firms have reported drastic earnings falls in the wake of a marked slowdown in their commission profit and investment banking business. This situation was widely expected amid freezing stock market sentiment triggered by the rapid pace of rate hikes here and abroad. Data also showed that fewer investors are making aggressive investments in the stock market. The dai...

2022-10-27 17:20

KEPCO bonds aggravate fears of corporate credit crunch

KEPCO bonds aggravate fears of corporate credit crunch

A massive volume of bonds issued by the Korea Electric Power Corporation (KEPCO) throughout this year has been jolting local corporate bonds market, becoming a source of stress on already strained corporate bonds and commercial paper (CP) markets in the country. According to data by the Korea Securities Depository (KSD) Thursday, KEPCO has so far issued bonds worth 23.49 tril...

Anna J. Park | 2022-10-27 16:56

Seoul shares open higher on battery, auto gains

Seoul shares open higher on battery, auto gains

Korean stocks got off to a strong start Thursday, buoyed by gains in blue chip battery and automakers, bucking overnight drops on Wall Street.

2022-10-27 10:17

Banks to supply liquidity while minimizing bond issuance

Banks to supply liquidity while minimizing bond issuance

Financial authorities and local banks have agreed to provide liquidity to the country's short-term funding market, aiming to help stabilize the local corporate bond and commercial paper (CP) markets. The short-term funding markets recently witnessed a mounting credit crunch following the default of 205 billion won ($143 million) in asset-backed commercial paper (ABCP) issued ...

Anna J. Park | 2022-10-26 16:46

Corporations fall behind in ESG communication: EY Korea

Corporations fall behind in ESG communication: EY Korea

While environmental, social and governmental (ESG) principles are expected to continue to wield increased influence in consumer decisions, corporations surveyed recently, showed that they were lacking when it came to their communication efforts about ESG activities. This finding was discovered by EY Korea's survey of 115 participants of the “ESG Best Practice” forum, which wa...

Anna J. Park | 2022-10-26 16:46

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