KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Fri, September 22, 2023 | 21:34

FSS Governor visits Europe to attract financial investments

FSS Governor visits Europe to attract financial investments

Financial Supervisory Service (FSS) Governor Lee Bok-hyun has embarked on a week-long tour, Sunday, which will entail visits to three European countries: Switzerland, the U.K. and Germany. The tour aims to both promote the Korean financial industry and discuss global financial supervision issues.

Anna J. Park | 2023-09-10 15:55

[Contribution] What G2 growth divergence means for Korea

ContributionWhat G2 growth divergence means for Korea

Despite concerns about a property-driven downturn in growth in China, Korean exports are likely to improve thanks to a manufacturing recovery in both the U.S. and China. In the medium term, Korean trade is likely to be influenced greatly by the U.S.

2023-09-10 13:24

Yang Jong-hee tapped as next chairman of KB Financial Group

Yang Jong-hee tapped as next chairman of KB Financial Group

KB Financial Group announced Friday that it selected Yang Jong-hee, the group's vice chairman, as the final candidate to become the next chairman. His professionalism in both banking and non-banking industries was highly regarded.

2023-09-08 20:52

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares ended lower Friday following tech losses on Wall Street amid concerns over China's ban on Apple Inc.'s use by government officials and the Federal Reserve's possible rate hikes. The Korean won rose against the U.S. dollar.

2023-09-08 20:15

Why do financial group leaders purchase treasury stocks?

Why do financial group leaders purchase treasury stocks?

Major financial group leaders are actively purchasing treasury shares as a gesture of their commitment to taking a more hands-on approach to corporate management. At the same time, these actions are seen as an attempt to support their undervalued stocks.

2023-09-08 16:25

No official export ban on urea by China in effect: finance ministry

No official export ban on urea by China in effect: finance ministry

Korea's finance ministry said Friday it has confirmed that China has not implemented an official ban on shipments of urea by fertilizer firms and noted that the domestic supply would remain stable even if there were any curbs.

2023-09-08 13:58

Foreigners turn net sellers of Korean stocks in August

Foreigners turn net sellers of Korean stocks in August

Foreign investors dumped nearly 1.18 trillion won ($883.6 million) worth of Korean stocks in August, turning net sellers in the month, data showed Friday.

2023-09-08 09:29

Rise in oil price clouds Korea's economic prospects: KDI

Rise in oil price clouds Korea's economic prospects: KDI

Korea's near-future economic outlook doesn't look good, a predicament largely caused by outside factors such as rising oil prices and China's domestic woes that are increasing global economic instability, according to a state-run think tank, Thursday.

2023-09-07 16:52

Strengths of 'K-procurement' system shared with diplomats from 13 Asia-Pacific countries

Strengths of 'K-procurement' system shared with diplomats from 13 Asia-Pacific countries

The Public Procurement Service (PPS), a government department that oversees and manages the public procurement activities of Korea, has stepped up its efforts to strengthen global cooperation with overseas counterparts, aiming to further promote the excellence of what it calls “K-procurement.”

Anna J. Park | 2023-09-07 16:46

Woori chairman to engage in first overseas investor relations trip

Woori chairman to engage in first overseas investor relations trip

Woori Financial Group Chairman and CEO Yim Jong-yong will travel to London next week, engaging in his first overseas investor relations trip after he took office in March. Yim will be one of the members of a delegation led by Financial Supervisory Service (FSS) Governor Lee Bok-hyun, to promote the financial soundness of Korean finance services firms as well as their efforts ...

2023-09-07 16:11

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