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Reporter : Anna J. Park
Thu, February 22, 2024 | 19:26
Housing prices force 1.74 mil. residents to leave Seoul since 2014
Seoul's net population has dropped by 861,000 over the past decade, due mostly to factors related to the metropolitan city's skyrocketing housing prices.
FSS chief threatens to expel firms that ignore customers' losses
Financial Supervisory Service (FSS) Governor Lee Bok-hyun vowed to strictly respond to financial companies that focus solely on seeking short-term profits while disregarding negative outcomes for customers. He even warned of the possibility of expelling such companies that disturb financial stability and order.
Veteran economics commentator to lead Korea Association of Economics Critics
Shin Se-don, honorary professor of economics at Sookmyung Women's University, has recently been sworn in as the founding president of the Korea Association of Economics Critics, with a goal to ameliorate and lead the country's economics commentary practices.
China surpasses US as Koreans' top overseas direct shopping destination
Armed with low-cost products, China has stepped up as Koreans' top overseas direct purchase destination last year, overtaking the U.S. for the first time, according to Statistics Korea, Friday.
Capital firms face increased pressure to set aside loss reserves
Capital firms that offer a diverse range of credit financing services are facing increased pressure to set aside reserves following recent directives from financial authorities urging the financial institutions to be fully prepared for a potential real estate project financing (PF) crisis. The increased sizes of loan-loss reserves could translate into deteriorating profitabil...
Korea's first ETF tracking 1-year CD rates to debut
Kim Nam-ki, head of the exchange-traded fund (ETF) management business unit at Mirae Asset Global Investments, speaks during a press conference at the firm's headquarters in central Seoul, Thursday. Kim announced that the company's Mirae Asset Tiger Synth CD 1-Year Rate Active ETF will be listed on the main bourse KOSPI on Tuesday as Korea's first ETF that tracks one-year ce...
Jeonse loan refinancing service kicks off Wednesday
Government-backed mobile loan refinancing services have expanded to include jeonse loan products from Wednesday.
Companies to face stricter disclosure obligations on treasury stocks
From the second half of this year, a company will face stricter disclosure obligations on its handling of treasury shares, ranging from the acquisition and holding to disposal, the country's top financial regulator announced Tuesday.
K-pop ETF focusing on four major agencies makes KOSPI debut
The first exchange-traded fund (ETF) focused on investing in Korea's four major entertainment companies - SM Entertainment, HYBE, JYP Entertainment and YG Entertainment - made its stock market listing on Tuesday on the country's main benchmark KOSPI market.
Kakao conducts intense audit of SM Entertainment's management
Kakao is conducting an intense audit of SM Entertainment's key management, with market insiders hinting at the possibility of a management reshuffle at the K-pop entertainment agency, depending on the outcome of the audit.
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