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Finance

Tue, December 6, 2022 | 23:59

Nat'l consumer inflation up 5.9% in Q3

Nat'l consumer inflation up 5.9% in Q3

Korea's nationwide consumer prices rose 5.9 percent on-year in the third quarter of the year due to higher energy and dining-out costs, data showed Monday.

2022-11-21 13:30

Seoul shares sharply down late Mon. morning amid rate hike woes

Seoul shares sharply down late Mon. morning amid rate hike woes

Seoul shares extended losses late Monday morning amid concerns that the U.S. Federal Reserve may continue its aggressive monetary tightening.

2022-11-21 12:05

BOK expected to hike key rate by quarter percentage point at Thursday's meeting

BOK expected to hike key rate by quarter percentage point at Thursday's meeting

The Bank of Korea (BOK) is anticipated to go for a 25 basis point increase at this year's final rate-setting meeting to strike a balance between inflation and the adverse effects of its accelerated credit tightening in 2022, according to analysts, Sunday. Scheduled on Thursday, the meeting will come as the currency and stock markets here took a beating in general throughout t...

Yi Whan-woo | 2022-11-21 08:29

Hana, SK join hands to strengthen digital innovation

Hana, SK join hands to strengthen digital innovation

Hana Financial Group, jointly with SK Telecom and SK Square, have formed a strategic partnership to combine their expertise in finance and information and communications technology (ICT) to take lead together in innovative financial services using digital technology, the banking group announced on Sunday. It said the three will jointly invest in Web 3.0, the third generation ...

Yi Whan-woo | 2022-11-20 16:38

Manufacturing sentiment for Dec. improves amid recession woes: poll

Manufacturing sentiment for Dec. improves amid recession woes: poll

Korea's manufacturing confidence has improved for December despite lingering concerns over a global economic slowdown, a poll showed Sunday.

2022-11-20 15:41

NTS addresses double taxation problems

NTS addresses double taxation problems

The National Tax Service (NTS) announced that it has addressed hundreds of double taxation issues that weighed on businesses. The tax agency said it has resolved a total of 430 cases related to double taxation jointly with foreign tax authorities under double taxation avoidance agreements between March 2018 and October this year. March 2018 is when the NTS launched the Mutual...

Yoon Ja-young | 2022-11-20 12:54

Appointment of 'parachute CEOs' likely once more in finance sector

Appointment of 'parachute CEOs' likely once more in finance sector

The government appears to be preparing to fill in top posts of multiple financial services companies with pro-government figures, with tenures of targeted firms' CEOs set to expire starting in December. Such possible preparation for “parachute appointees,” meaning those who have been appointed into high-level positions due to their connections with the current government or r...

Yi Whan-woo | 2022-11-19 08:12

Korean shares end nearly flat amid Fed's rate hike woes

Korean shares end nearly flat amid Fed's rate hike woes

South Korean stocks ended almost flat Friday, weighed down by lingering concerns over the United States' aggressive monetary tightening and a global economic slowdown. The Korean won fell against the U.S. dollar.

2022-11-18 20:20

Suhyup Bank's first-ever female leader takes office

Suhyup Bank's first-ever female leader takes office

Suhyup Bank's first female CEO, Kang Shin-sook, took office as the new leader of the fisheries cooperative's banking arm, Friday. She presented five core management goals after being inaugurated to the position. They include stable revenue generation, preemptive risk management, agile digital transformation, future-oriented organizational reform and enhanced support of fisher...

Lee Min-hyung | 2022-11-18 15:49

Regulator to start buying PF-ABCPs next week to ease credit crunch woes

Regulator to start buying PF-ABCPs next week to ease credit crunch woes

Korea's financial regulator said Friday it will start buying project-financing asset-backed commercial papers (PF-ABCPs) next week as part of efforts to prop up the country's short-term money market and ease worries over a credit crunch.

2022-11-18 15:46

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