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Entertainment & Arts

Qatar 2022

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Asia

Finance

Wed, December 7, 2022 | 00:25

Financial authorities pressure banks over deposit interest rates amid liquidity shortage

Financial authorities pressure banks over deposit interest rates amid liquidity shortage

Commercial banks are under pressure to lower deposit interest rates to prevent excess cash inflow due to steep rate hikes delivered by the Bank of Korea (BOK), which in turn, squeeze non-banking financial firms with liquidity shortages. The situation faced by the lenders is in stark contrast to what they have faced in past months when they were pressed to raise deposit rates ...

Yi Whan-woo | 2022-11-22 16:36

Dunamu holds ESG management committee meeting

Dunamu holds ESG management committee meeting

Dunamu, the operator of the country's largest cryptocurrency exchange, Upbit, held its first environment, social and corporate governance (ESG) management committee meeting on Monday.

Yoon Ja-young | 2022-11-22 16:21

Regulator to recommend 6 financial firms to reimburse investment in troubled German fund

Regulator to recommend 6 financial firms to reimburse investment in troubled German fund

Korea's financial regulator said Tuesday it will recommend six financial firms to rescind sales contracts on a German fund and reimburse customers, as they provided false information and caused them to make a "mistaken" investment decision.

2022-11-22 10:39

Inflation expectations down in Nov. ahead of BOK's rate decision

Inflation expectations down in Nov. ahead of BOK's rate decision

Korea's inflation expectations edged down on-month in November ahead of the Bank of Korea (BOK)'s widely-anticipated rate increase this week aimed at bringing price growth under control, a central bank survey showed Tuesday.

2022-11-22 09:51

KB Kookmin Bank to release sports documentary

KB Kookmin Bank to release sports documentary

KB Kookmin Bank is releasing documentary footage on a football team with which it has signed a promotion partnership. Titled “Green Wolves,” it focuses on the K League 2 team, the Ansan Greeners FC. It is scheduled to tell the history of the Ansan Greeners FC, a football club for local residents, as well as training for the athletes who aim to make it into the higher K League...

Yoon Ja-young | 2022-11-21 17:23

Refinancing burden spreads to more non-bank financial firms

Refinancing burden spreads to more non-bank financial firms

Insurers and capital funding companies that are specialized in asset-based leasing and car loans are struggling with liquidity shortages, as steep hikes in the key interest rate put the pressure for refinancing on non-bank financial firms. The banks have been offering high deposit interest rates in past months, prompting investors to pull their money out from the debt and sho...

Yi Whan-woo | 2022-11-21 16:49

1.2 mil. homeowners to be subject to 'pricey home' tax

1.2 mil. homeowners to be subject to 'pricey home' tax

A record 1.2 million homeowners this year will be asked to pay a tax which is disputed as a punitive measure against those owning a single “pricey home” or multiple homes, according to the government. It is the first time more than 1 million homeowners will be subject to the so-called comprehensive real estate tax which was introduced in 2005.

Yi Whan-woo | 2022-11-21 16:28

Exports down 16.7% during first 20 days of Nov.

Exports down 16.7% during first 20 days of Nov.

Korea's exports fell 16.7 percent on-year in the first 20 days of November due mainly to weak outbound shipments of chips and mobile devices, data showed Monday.

2022-11-21 14:11

BOK buys repos to inject liquidity into market

BOK buys repos to inject liquidity into market

Korea's central bank said Monday it has bought repurchase agreements (repos) as part of efforts to inject liquidity into the market.

2022-11-21 14:05

Foreign currency deposits up in Oct. on rise in dollar savings

Foreign currency deposits up in Oct. on rise in dollar savings

Foreign currency deposits at banks in South Korea expanded in October as dollar savings spiked amid the greenback's ascent in value, central bank data showed Monday.

2022-11-21 13:31

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