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KB Financial Group Chairman Yang Jong-hee met with Hun Sen, president of the Cambodian Senate, on Wednesday to discuss potential collaborations aimed at advancing financial development in Southeast Asia and enhancing KB’s presence in the region. The meeting was held at the Inspire Entertainment R...
The Bank for International Settlements has cautioned that South Korea’s expanding private sector credit is beginning to weigh on economic growth, with further increases posing additional risks. The Switzerland-based consortium of central banks recently published a report indicating that while ris...
South Korean asset managers are eagerly introducing diverse fund products tracking the Indian stock market, seeking lucrative opportunities in its strong growth. Korea Investment Management, a big-name asset manager here, listed two active funds tracking India-domiciled companies Tuesday, the ACE ...
South Korea is set to overhaul its inheritance tax system next year, with the Finance Ministry preparing a bill to tax the inheritors instead of the estate that is being inherited. To enhance fairness and ensure consistency in taxation, as well as align with global trends, the government plans to ...
The number of young South Koreans with delinquent loans has rapidly increased in the past three years, data by the state-run financial watchdog showed Monday. As of July, 65,887 people in their 20s have been registered at the Korea Credit Information Services as "delinquent borrowers," referring t...
While South Korean regulators maintain a wary eye against short selling, the prolonged ban and imposing stricter guidelines on the practice could drive foreign investors away from the local equity market, experts said. Following heavy market fluctuations, local regulators enforced a complete ban o...
The Financial Supervisory Service and the Embassy of India in Korea, in collaboration with local financial associations, held a joint seminar Friday to promote investment in India. The event featured key officials from Indian financial regulatory bodies and drew around 140 executives from Korean f...
To safeguard their interest and tackle the threat of geopolitical risk to their operations in foreign markets, Korean firms are asked to develop the skills and mindset of the diplomat, and their first job is understanding the fast-changing regulatory environment with a long-term commitment, experts...
With South Korea's sole bourse operator set to introduce this month a stock index comprised of Korean companies well complying with the government-led corporate value-up program, the market expects bank shares and large-cap stocks to make the list. As part of the value-up program announced earlier...
The American Chamber of Commerce in Korea joined hands with Tools for Humanity, the developer of Worldcoin, to stress the importance of personal data protection in the era of artificial intelligence. On Tuesday, the two entities signed a memorandum of understanding at a ceremony held in Seoul, agr...
South Korea may be nearing the end of its fight against inflation as the rate of price rises eased to the 2 percent target last month, backed by a retreat in the prices of international crude oil and farm produce, data showed Tuesday. The Consumer Price Index, a key gauge of inflation, advanced 2 ...
South Korea and Mongolia need to strengthen cooperation on the supply of critical minerals to lessen their trade reliance on China, officials and experts from the two countries said at the Korea-Mongolia Vision Forum in Ulaanbaatar, Mongolia. Co-hosted by Herald Media Group and the Ahnsei Foundati...
South Korean and Mongolian government officials discussed opportunities for cooperation in green energy, mineral resources and trade, emphasizing a shared vision for mutual growth and strategic partnership at the 2024 Korea-Mongolia Vision Forum held Tuesday in Ulaanbaatar, Mongolia. About 250 rep...
South Korean real estate developer and builder Hyundai Development Company said Friday that it has seen an almost 90 percent surge in its share prices on upbeat earnings and positive credit ratings this year. As of Aug. 26, the stock price closed at 26,700 won ($20), an 87.9 percent growth from th...
The Korea Exchange, the country's sole bourse operator, has recently voiced alarm about excessive and speculative trading of biopharmaceutical stocks tied to the resurgence of COVID-19 and the spread of mpox. Retail investors' interests in pharmaceutical and biotech stocks have soared in recent we...
7 in 10 Korean firms say no investment plans next year
LG Energy Solution mulls acquiring GM’s stake in joint battery plant in Michigan
Koramco, BGO join bidding for GIC's Seoul Finance Center
LG CNS to bring smart building tech to the US
Kolmar vows to support global growth of K-beauty brands
Toss Securities hits W30tr in overseas trading volume