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Finance
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Thu, July 7, 2022 | 16:56
Securities firms feared to become target as watchdog launches special inspection team
Securities firms feared to become target as watchdog launches special inspection team
A special investigative body launched by Korea's financial watchdog is straining securities firms on fears that they may become a target of the new inspection team. According to the Financial Services Commission (FSC), its newly-launched Special Judicial Police started its operation on Thursday to step up an investigation into any illegal acts in the local capital market. The...
Lee Min-hyung | 2022-04-01 09:00
Why is Russia's invasion of Ukraine causing rough diamond prices to soar?
Why is Russia's invasion of Ukraine causing rough diamond prices to soar?
Prices of diamonds have been rising steeply recently amid continuing geopolitical uncertainty surrounding Russia's invasion of Ukraine. Lesser known in Korea is that Russia is one of the key global producers of the precious stone.
Anna J. Park | 2022-04-01 09:00
Middle-aged people jumping into crypto investment
Middle-aged people jumping into crypto investment
Cryptocurrency investment is catching the attention of middle-aged people, with those in their 40s holding the largest amount of assets in their accounts among those at Korea's top five cryptocurrency exchanges, data shows. According to data from the Financial Supervisory Service (FSS), 40-something investors' account balances reached 17.5 trillion won as of the end of 2021. ...
Lee Min-hyung | 2022-03-31 16:36
Card companies concerned about future despite increased net profits
Card companies concerned about future despite increased net profits
Despite the prolonged COVID-19 situation, local card companies logged all-time-high net profits last year amid a recovery of consumer demand. Yet industry analysts doubt whether their good performance will continue this year, due to heightened competition with fintech companies as well as strengthened regulations on card commissions.
Anna J. Park | 2022-03-30 09:00
KDB's capability of salvaging financially troubled firms called into question
KDB's capability of salvaging financially troubled firms called into question
The botched sale of SsangYong Motor is calling into question the capability of its main creditor, the Korea Development Bank (KDB), in salvaging financially troubled companies. SsangYong Motor joins Daewoo Shipbuilding & Marine Engineering (DSME), also under KDB control, in remaining unsuccessful at finding new owners during the Moon Jae-in administration.
Yi Whan-woo | 2022-03-29 16:38
Will 2022 be another bull market for cryptocurrencies?
Will 2022 be another bull market for cryptocurrencies?
Bitcoin is rallying again, surpassing the $48,000 mark for the first time since last December.
Anna J. Park | 2022-03-29 15:53
Crypto exchanges seek new business models in metaverse, NFT
Crypto exchanges seek new business models in metaverse, NFT
Korea's cryptocurrency exchanges are seeking new business models in the emerging metaverse and non-fungible token (NFT) markets. The moves are part of their efforts to diversify revenue streams into untapped areas with high growth potential by taking advantage of their expertise in blockchain technology.
Lee Min-hyung | 2022-03-24 16:47
Leader of NH Investment & Securities to focus on regaining market trust
Leader of NH Investment & Securities to focus on regaining market trust
NH Investment & Securities CEO Jeong Young-chae will focus on regaining the market's during his extended two-year tenure. Jeong took office as the leader of the securities firm in 2018 and will lead the company until March 2024 after recently receiving approval on his term extension during a regular shareholders' meeting.
Lee Min-hyung | 2022-03-24 14:52
Will foreign investors continue to desert KOSPI?
Will foreign investors continue to desert KOSPI?
Foreign investors are dumping Korean stocks, with the percentage of foreign ownership among KOSPI-listed stocks falling to its lowest level in six years. Analysts say these investors are likely to continue net-selling Korean stocks for the time being, as the Korean economy has turned out to be comparatively more vulnerable to global inflation, due to its lack of raw materials...
Anna J. Park | 2022-03-23 17:05
Outgoing BOK chief warns of prolonged inflation
Outgoing BOK chief warns of prolonged inflation
Bank of Korea (BOK) Governor Lee Ju-yeol warned of prolonged inflation and called for the need to reduce risks regarding financial imbalances during his farewell press conference, Wednesday. Lee, whose term will end on March 31, put concerns over the benchmark interest rate decision aside ahead of the BOK's board meeting scheduled for April 14.
Yi Whan-woo | 2022-03-23 16:57
  • BOK chief nominee vows to consider growth, inflation, financial instability 'in balancing manner'
  • No drastic monetary policy shift expected under new BOK governor
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Top 10 Stories
  • Woman gets 1-year imprisonment for assaulting elderly man on subway train
  • First lady thrust back into spotlight over unofficial aide
  • Seoul gov't promotes veganism to fight climate crisis
  • 'Stable environment needed to nurture Korean mathematicians': June Huh
  • Kakao falls victim to Google's in-app payment policy
  • Korea's new COVID-19 cases up for 2nd day amid resurgence concerns
  • Yoon orders military to swiftly punish North Korea in case of provocations
  • President Yoon's approval rating falls: poll
  • Court upholds ban on rallies in front of ex-president's home in Yangsan
  • Cruelty-free tourism: tour companies end programs accused of animal abuse
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

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Masthead : The Korea Times
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