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62
(LEAD) Household loan growth slows markedly in Sept. amid tighter regulations
(ATTN: ADDS more details in paras 6-8)SEOUL, Oct. 16 (Yonhap) -- Household loans extended by South Korean banks grew at the slowest pace in six months in September on tighter lending rules aimed at curbing surging housing prices and household debts,
Foreigners scoop up Korean stocks for 5th month in Sept.
SEOUL, Oct. 16 (Yonhap) -- Foreign investors net purchased Korean stocks for the fifth consecutive month in September amid a strong performance of the local stock market, data showed Thursday.Offshore investors bought a net 6.07 trillion won (US$4.28
Washington-Pyongyang talks at APEC summit cannot be ruled out: official
New York, Sept. 26 (Yonhap) -- Talks between President Donald Trump and North Korean leader Kim Jong-un on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea cannot be ruled out, a Seoul official said Friday."As
(3rd LD) Trump calls workers arrested at S. Korean plant site 'illegal aliens'
(ATTN: ADDS statement from Hyundai Motor on law enforcement in last 3 paras)By Song Sang-hoWASHINGTON, Sept. 5 (Yonhap) -- U.S. President Donald Trump on Friday described hundreds of workers arrested in this week's raid at a South Korean plant co
'Golden' from 'Kpop Demon Hunters' OST tops British Official chart for 5th week
SEOUL, Sept. 6 (Yonhap) -- "Golden," the smash hit single from the original soundtrack of the Netflix animation film "Kpop Demon Hunters," has topped the British Official Singles Chart Top 100 for a fifth week in total.Accordi
Card firms' H1 net dips over 18 pct on fall in commission income
SEOUL, Sept. 5 (Yonhap) -- Credit card companies in South Korea saw their combined net profit plunge by more than 18 percent from a year earlier, due to a fall in commission income and increased financial costs, data showed Friday.The combined net pr
Banks' bad-loan ratio at 4-yr high in Q2: data
SEOUL, Sept. 5 (Yonhap) -- South Korean banks' bad-loan ratio remained unchanged at a four-year high in the second quarter from three months earlier, data showed Friday.Loans classified as substandard or below (SBL) held by local banks came to 16
Policy banks to provide 10 tln won in financial support for small merchants
SEOUL, Sept. 4 (Yonhap) -- The financial regulator said Thursday that policy lenders will provide 10 trillion won (US$7.2 billion) worth of financial support to small merchants amid economic challenges and rising debt burdens.The Financial Services C
Securities firms' Q2 net sharply up on commission income, FX gains
SEOUL, Sept. 4 (Yonhap) -- Securities companies in South Korea saw their net profit spike in the second quarter on the back of a rise in commission income and gains from foreign exchanges, data showed Thursday.The combined net profit of 60 domestic s
'Golden' from 'Kpop Demon Hunters' OST tops British Official chart for 2nd week
SEOUL, Aug. 23 (Yonhap) -- "Golden," the smash hit single from the original soundtrack of the Netflix animation film "Kpop Demon Hunters," has topped the British Official Singles Chart Top 100 for the second consecutive week.A
Bank deposit guarantee ceiling to be hiked to 100 mln won in Sept.
SEOUL, July 22 (Yonhap) -- The ceiling on bank deposits guaranteed in case of bankruptcies will be doubled to 100 million won (US$72,000) in September, the financial regulator said Tuesday.Late last year, the National Assembly passed a revised bill c
(2nd LD) FM nominee Cho vows active response to Trump's calls for tariffs, 'modernizing' alliance
(ATTN: ADDS Cho's remarks in para 17)By Kim Seung-yeonSEOUL, July 17 (Yonhap) -- Foreign Minister nominee Cho Hyun vowed Thursday to actively respond to U.S. demands for higher tariffs and "modernizing" the alliance by closely consult
Over 50 flights canceled, delayed at Jeju airport on heavy rains nationwide
JEJU, South Korea, July 17 (Yonhap) -- Heavy rains in the country's central and southern regions disrupted flights at Jeju International Airport, the gateway to the southern Jeju Island, on Thursday, leading to massive flight cancellations and de
BLACKPINK's new single 'Jump' tops iTunes charts in 47 countries
SEOUL, July 12 (Yonhap) -- Girl group BLACKPINK's new digital single, "Jump," topped iTunes charts in 47 countries, YG Entertainment said Saturday.The song released Friday marks the group's first release in two years and 10 months
Jin's 'Don't Say You Love Me' hits No. 2 on Spotify's weekly global chart
SEOUL, May 31 (Yonhap) -- Jin of K-pop superstar BTS has ranked second on Spotify's weekly top song global chart with his latest song, "Don't Say You Love Me," according to the music streaming platform on Saturday.The song rose by
Household debt-to-GDP ratio down for 5th consecutive quarter in Q4: BOK
SEOUL, April 10 (Yonhap) -- The ratio of household debt to nominal gross domestic product (GDP) fell for the fifth consecutive quarter in the fourth quarter of last year, data showed Thursday.According to the data compiled by the Bank of Korea (BOK),
Banks to offer English mobile apps, documents for foreign residents
SEOUL, April 9 (Yonhap) -- South Korean banks will offer English mobile applications and documents this year to help foreign residents get better access to banking services and reduce their inconvenience, the financial watchdog said Wednesday.Accordi
Regulator to ease rules on IBs for more active role in corporate financing
SEOUL, April 9 (Yonhap) -- The financial regulator said Wednesday that it will revamp rules on investment banks (IBs) in order to encourage them to increase investments in smaller firms and risky but profitable assets.According to the Financial Servi
Financial watchdog chief calls for measures for market stability, financial prudence
SEOUL, April 8 (Yonhap) -- The chief of South Korea's financial watchdog said Tuesday the country needs to map out all feasible measures for the market stability and prudence of financial institutions amid increased volatility.In a meeting with s
(2nd LD) Firefighters struggle to contain wildfire in Hadong after sunset
(ATTN: RECASTS headline, lead with more info; UPDATES figures in paras 4-6)HADONG/SEOUL, South Korea, April 7 (Yonhap) -- Firefighters on Monday battled to contain a wildfire in the southern county of Hadong after sunset, and residents in several vil
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