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Tuesday, October 17, 2017

Money

Koreans’ average daily spending of all payment methods, excluding cash, stood at 391.5 trillion won (US$345.66 billion) in the first half of this year, up 4.7 percent from a year ago.
Era of Mobile Card
6 September 2017 - 1:45pm
According to a report “Payment Trend in First Half of 2017” release by the Bank of Korea (BOK) on September 5, the average daily spending of all payment methods, excluding cash, stood at 391.5...
Large securities firms are actively hiring experts who worked for foreign companies in order to , prepare for ultra large sized investment bank (IB).
Needed for IB Business
6 September 2017 - 12:15pm
Large securities firms, which are about to become a ultra large sized investment bank (IB), are strengthening its competitiveness by hiring experts who worked for foreign companies. According to IB...
Myeong-dong less crowded than before with fewer Chinese tourists found
Hit by Chinese Retaliation
6 September 2017 - 11:15am
The Bank of Korea announced on September 5 that South Korea recorded a current account surplus of US$7.26 billion in July this year. Although it was in the black for 65 months in a row, the amount of...
South Korea’s foreign exchange reserves totaled US$384.84 billion as of the end of last month, showing a month-on-month increase of US$1.08 billion.
FX Reserves
6 September 2017 - 11:15am
According to the Bank of Korea, South Korea’s foreign exchange reserves totaled US$384.84 billion as of the end of last month, showing a month-on-month increase of US$1.08 billion. Its forex reserves...
S&P is not still considering adjusting Korea's sovereign credit rating in spite of North Korea’s recent nuclear test.
Despite Mounting Downside Pressure
5 September 2017 - 12:15pm
"A downside pressure on Korea's sovereign credit rating is getting bigger. Currently, however, we are not considering adjusting Korea's sovereign credit rating," Bloomberg News reported on September...
The Seoul burse opened on Sept. 4 with the KOSPI index at 2316.89, down 40.8 points (1.73 percent) from the previous trade day and closed at 2329.65, down by 28.04 (1.19%).
Due to N. Korea’s Nuclear Test
5 September 2017 - 3:15am
The financial market is shaking such as a KOSPI market crash due to North Korea's sixth nuclear test. On September 4, the stock market opened with the KOSPI index at 2316.89, down 40.8 points (1.73...
Korea’s financial regulators will strengthen regulations on the trade of digital currencies to protect consumers.
Regulating Bitcoin Trading
4 September 2017 - 10:30am
As there are signs of digital currency speculation, including Bitcoin, the financial regulators will strengthen regulations on the trade of digital currencies to protect consumers. The Financial...
The Korea Asset Management Corporation (KAMCO) has been selected as the preferred bidder for the Asian Development Bank’s consulting project for the banking industry of Mongolia.
Implementing ADB Project
1 September 2017 - 3:00pm
The Korea Asset Management Corporation (KAMCO) and Financial Access (FA), which is a financial consulting firm headquartered in the Netherlands, have been selected as the preferred bidder for the...
Foreign investors’ capital is flowing into China as leading items in the South Korean stock market is losing its strength due to negative factors from home and abroad.
Due to Negative Factors
1 September 2017 - 1:30pm
Foreign investors’ capital in flowing into China as leading items in the South Korean stock market being losing strength due to China’s escalating economic retaliation against Korean firms over the...
Ranking 1st in Asia
31 August 2017 - 10:30am
More than 300 exchange-traded funds (ETFs) have been listed on the domestic stock market. The Korea Exchange (KRX) announced its plan to list 500 ETF items and turn it into the global leading market...
The balance of overseas securities investment by Korean institutional investors hit a record high as of the end of Q2.
Hitting Record High
30 August 2017 - 7:45pm
As of the end of the second quarter (April to June) of this year, the balance of overseas securities investment by Korean institutional investors hit a record high. This was attributable to the fact...
Local accounting firms are struggling with a series of lawsuits as an increasing number of investors are filing a suit against them for incompetent audit.
Surging Suit Costs
30 August 2017 - 10:45am
Accounting firms in South Korea are struggling with a series of lawsuits as an increasing number of investors are filing a suit against them for incompetent audit. They have failed to pick out...

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