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Mirae Asset chairman donates W25b in decadeMarketsMar 31, 2020South Korea’s Mirae Asset Financial Group said Tuesday that Chairman Park Hyeon-joo has donated his dividends for 10 years in a row -- amounting to 25 billion won ($20.5 million). In 2019, as a shar... -
Gasoline prices dip to 1-year lowEconomyMar 31, 2020Amid plunging crude oil prices, the nation’s gasoline retail prices dipped below 1,400 won ($1.15) per liter, the lowest level in a year, industry data showed Tuesday. As of March 30, nearly 12,000 ... -
Foreigners extend stock selling streak to 19th straight sessionMarketsMar 31, 2020Foreign investors on Tuesday continued to sell local stocks for the 19th consecutive session amid the coronavirus scare, data showed, with offshore investors offloading a net 72.8 billion won ($59.7 ... -
Seoul stocks spike over 2% on stimulus hopesMarketsMar 31, 2020South Korean stocks closed sharply higher Tuesday, extending earlier gains on hope for massive economic stimulus measures in major economies, such as China and the United States, to minimize the fall... -
Banks' lending rates fall in Feb.EconomyMar 31, 2020Lending rates on fresh loans extended by banks in South Korea continued to drop from a month earlier in February, central bank data showed Tuesday. The average interest rate on all new bank loans ca... -
BOK cuts US dollar share of foreign assets in 2019EconomyMar 31, 2020South Korea's central bank said Tuesday that it slightly reduced the portion of US dollar-denominated assets in its overall foreign assets from a year earlier in 2019. As of end-2019, dollar-denomin... -
Seoul stock extend gains late Tuesday morningMarketsMar 31, 2020South Korean stocks extended earlier gains Tuesday on massive stimulus measures around the globe to minimize the economic fallout from the new coronavirus outbreak. The benchmark Korea Composite Sto... -
BOK offers $8.7b to banks via US currency swapEconomyMar 31, 2020The Bank of Korea (BOK) offered $8.72 billion to banks Tuesday in its first round of dollar lending using a currency swap line with the United States Federal Reserve in a bid to stabilize the currenc... -
Chaotic market puts fate of Korean M&As to testMarketsMar 30, 2020Grim outlook overshadows landmark investment deals of HDC, Mirae Asset -
S. Korea to place investment cap on peer-to-peer lendingMarketsMar 30, 2020Authorities unveil tightened rules on high-risk P2P investments -
Daegu economy hit hardest by coronavirus in Q1EconomyMar 30, 2020South Korea’s regional economies have noticeably shrunk in the first quarter due to the coronavirus pandemic, with epicenters of the outbreak hit worst, a Bank of Korea report showed Monday. Accordi... -
Seoul stocks almost flat, won sharply downMarketsMar 30, 2020South Korean stocks finished almost unchanged Monday paring earlier losses on new stimulus measures aimed at minimizing the fallout from the spread of the new coronavirus. The local currency dropped... -
Financial regulator backs KDB ownership of insurerMoneyMar 30, 2020South Korea’s financial regulator Monday cleared uncertainties, allowing the Korea Development Bank to take control of a local insurer unit for the time being and buy the time to sell it off. A priv... -
New home permits shrink 10% in Feb.EconomyMar 30, 2020New home permits in South Korea fell nearly 10 percent in February from a year earlier due to a drop outside the capital region, the government said Monday. Construction permits issued for new homes... -
Card firms' 2019 net down 5.3% on increased costsMoneyMar 30, 2020South Korean credit card firms saw their combined net profit fall 5.3 percent in 2019 from a year earlier due mainly to increased loan-loss reserves and marketing spending, data showed Monday. The c...
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