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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

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Wed, March 29, 2023 | 16:04

Tasks lie ahead for Woori's next chairman nominee picked amid controversy

Tasks lie ahead for Woori's next chairman nominee picked amid controversy

Woori Financial Group's next chairman nominee Yim Jong-ryong stands to be tasked with a drastic organizational reshuffle and non-banking portfolio expansion if he takes the position, a possibility that could become reality by as early as March. Yim has been nominated as the sole candidate for the position last week to replace outgoing Chairman Son Tae-seung. Woori's decision ...

Lee Min-hyung | 2023-02-05 16:39

FSC approves security token transactions in Korea

FSC approves security token transactions in Korea

Korea's Financial Services Commission (FSC) on Sunday approved the issuance and distribution of security tokens - a kind of cryptocurrency used to trade fractions of assets, such as real estate and art, in the digital form. Under the decision, investors will be able to trade security tokens sometime as early as 2024 after the FSC finishes the revision of relevant laws.

Lee Min-hyung | 2023-02-05 16:34

Able C&C sale attracts dozens of potential buyers

Able C&C sale attracts dozens of potential buyers

Dozens of investors have shown interest in acquiring Able C&C, which was put up in the M&A market late last year, raising market expectations that IMM would make a successful exit from its years-long investment.

Anna J. Park | 2023-02-03 08:20

Private equity firms expect high returns from low-cost airlines

Private equity firms expect high returns from low-cost airlines

Private equity firms (PEFs) opted to invest huge sums of money into low-cost carrier (LCC) businesses amid the worst hardships stemming from the pandemic. Now that international travel numbers are again soaring, the PEFs are eyeing a successful exit from their LCC stakes in the coming years.

Anna J. Park | 2023-02-01 17:12

Chip, robot ETFs most profitable in January

Chip, robot ETFs most profitable in January

Exchange-traded funds (ETFs) on chips and robots turned out to have generated the largest returns in January in hopes of a gradual recovery in the global semiconductor market. According to data from the Korea Exchange, TIGER U.S. Philadelphia Semiconductor Leverage ETF topped the list of most profitable ETFs listed here. The ETF generated returns of 30.03 percent between Jan....

Lee Min-hyung | 2023-02-01 08:43

Korea Exchange to toughen rules against unfair traders

Korea Exchange to toughen rules against unfair traders

The Korea Exchange has pledged to root out any illegal and unfair trading practices by blocking violators' access to the local financial investment market for up to a decade, Sohn Byung-doo, head of the exchange, said Tuesday. “We will thoroughly eradicate unfair trading practices by toughening rules against those caught for doing such acts,” Sohn told reporters during a pres...

Lee Min-hyung | 2023-01-31 14:20

Financial regulator vows to make local markets friendlier to foreign investors

Financial regulator vows to make local markets friendlier to foreign investors

South Korea's financial regulator said Monday it will beef up efforts to revamp the country's capital market regulations in a way that helps them live up to "global standards" and enhances the protection of shareholders in local equity markets.

2023-01-30 20:02

BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

BOK to sell $8.96 bil. worth of monetary stabilization bonds in Feb.

Korea's central bank said Monday it will sell 11 trillion won ($8.96 billion) worth of monetary stabilization bonds (MSBs) in February.

2023-01-30 17:51

Stock-leveraged investments rise again amid bullish KOSPI

Stock-leveraged investments rise again amid bullish KOSPI

Leveraged investments in the local stock market are on the rise again in tandem with the recent bullish market sentiment here, data showed Monday. According to data from the Korea Financial Investment Association, the outstanding credit transaction loan amount in the benchmark KOSPI and secondary Kosdaq reached 16.11 trillion won ($13 billion) as of Jan. 26. This is a slight ...

Lee Min-hyung | 2023-01-30 16:44

Bank labor union to sue management over normalized operating hours

Bank labor union to sue management over normalized operating hours

A financial union has warned it will take legal action against banks' decision to normalize their operating hours on Monday, the first day of the lifting of most indoor mask rules here. According to the Korea Financial Industry Union (KFIU), the banks' decision goes against an agreement between labor and management. The union said it will file a lawsuit against the banks soon.

Lee Min-hyung | 2023-01-30 16:43

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Top 10 Stories

1	Revised Japanese textbooks distort wartime forced labor, catching Korea off guard

2	Clock ticks for China's massive repatriation of N. Korean defectors

3	Gold price nears all-time high amid financial jitters

4	Ramsar wetland in Han River cleaned up for protected birdlife

5	BMW launches new XM

6	Civic groups in Gwangju await meeting with Chun Doo-hwan's grandson

7	CJ CheilJedang sees chicken as next big seller after frozen dumpling

8	North Korea unveils tactical nuclear warheads

9	2024 budget to focus on tackling low birthrate

10	Jeju seaways get busy with cruise ships, new trade route to Qingdao

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