Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief

Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...

S.Korea's foreign reserves amount to $415.4 bn in Nov

South Korea's official foreign reserves at the end of November amounted to $415.4 billion.According to the Bank Of Korea (BOK) on Wednesday, the nat...

State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul

South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...

Koreans’ yen savings snap growth streak despite BOJ exit talk

Yen-denominated deposits in South Korea slid for the first time in eight months as local investors took profits from the recent gains in the major c...

BOK warns of household lending risk on growth, inequality

South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term...

Treasury yield falls signal BOK's looser grip on inflation

The yield on South Korea’s benchmark three-year treasury bonds has stayed below the base rate for a month, out of sync with monetary policies ...

SK becomes first group to disclose monetized social value

SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...

Korea’s Netmarble Neo drops listing plan as sentiment sours

South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...

Bank of Korea ends 15-mth ultra-easy monetary stance

The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...

Korean firms emerge triumphant from pandemic with record Q1 profits

South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...