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Reporter : Anna J. Park
Fri, December 8, 2023 | 04:15
Bank-issued household loans up sharpest amount in over 2 years in August
With the country's monthly household loans on a steady increase, bank loans in August showed a rise of 6.9 trillion won ($5.1 billion) from the previous month to date. The increase in August is the highest monthly margin over the past two years and any single month-to-month period, since it reached 9.7 trillion won in July 2021.
Retail investors flock to bond investments
Retail investors have been flocking to the bond market throughout this year, resulting in an all-time high in bond purchases.
Doosan Robotics' upcoming IPO draws positive market responses
Robotic arm models developed by Doosan Robotics / Courtesy of Doosan RoboticsBy Anna J. ParkThe upcoming IPO of Doosan Robotics, the largest public offering candidate for the Korean stock market this year, is facing a buoyed market response over the news that it kicked off a week-long book-building process, Monday. The market's excitement is also evidenced in the surge of the...
FSC vice chief promotes Korea's improved market accessibility to global investors
Financial Services Commission (FSC) Vice Chairman Kim So-young promoted the Korean government's efforts to improve market accessibility and regulations for global investors in an investor relations (IR) session in Hong Kong on Friday. According to the FSC on Sunday, the vice chief of the country's top financial regulator showcased the Korean government's latest moves to advan...
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.
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.”
Korea and Indonesia to deepen financial cooperation in fintech, digitalization
Financial Services Commission (FSC) Vice Chairman Kim So-young vowed to actively support mutually beneficial business activities by private financial companies in Korea and Indonesia to deepen bilateral cooperation.
YouTuber appointed as FSS financial education ambassador
YouTuber Syuka, who has 2.78 million followers on his economy-focused YouTube channel, “syukaworld,” stands next to Financial Supervisory Service (FSS) Governor Lee Bok-hyun at the headquarters of FSS in Seoul, Wednesday. Syuka, whose real name is Jeon Seok-jae, used be a proprietary trader at eBest Investment and a fund manager at Samsung Asset Management, before becoming a ...
Kakao CFO sanctioned for buying $75,000 in game items using corporate card
Kakao imposed a three-month suspension on the company's Chief Financial Officer (CFO) Kim Ki-hong for purchasing around 100 million won ($75,000) worth of game items using his corporate credit card.
Korea Gold Exchange put up for sale
The Korea Gold Exchange and the Korea Gold Exchange Digital Asset (KORDA), trading platforms for precious metals, have been put up for sale. Their owners, SG Private Equity and LX Investment, have initiated the process to find new owners.
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