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Wednesday, October 18, 2017

Money

The combined net profit posted by South Korean companies listed on KOSPI market, excluding Samsung, LG and SK Groups, decreased as much as 17 percent.
Optical Illusion
22 August 2017 - 12:45pm
Although the combined net profit posted by South Korean companies listed on the country's main KOSPI market reached a record high in the first half of this year, the figure excluding Samsung, LG and...
Major South Korean companies’ half-yearly reports for this year have been insufficient in most cases in terms of preparations for the introduction of K-IFRS 15.
Unprepared for New Standard
21 August 2017 - 11:45am
It has been found that major South Korean companies’ half-yearly reports for this year have been insufficient in most cases when it comes to the description of their preparation for the introduction...
On August 16, FSC Vice Chairman Kim Yong-beom (left) presided over a task force meeting for government-led financing in the interest of productive finance.
Reforming Insurance Structure
18 August 2017 - 12:15pm
Financial Services Commission (FSC) Vice Chairman Kim Yong-beom said on August 17 that the FSC would reform the structure of fee-for-service health insurance plans so that even patients with a...
Residents’ foreign currency deposits in South Korea increased by US$5.5 billion in one month.
Due to Increasing Exports
18 August 2017 - 11:30am
The Bank of Korea announced on August 17 that residents’ foreign currency deposits increased by US$5.5 billion in one month and totaled US$69.1 billion last month. The foreign currency deposits are...
Woori Bank signed a memorandum of understanding (MOU) with blockchain technology firms Dayli Intelligence and The Loop on August 16 to cooperate on developing blockchain and digital coins
First Korean Version of Bitcoin
18 August 2017 - 11:15am
With the domestic financial industry making a move to introduce blockchain technology as well, Woori Bank is planning to issue its digital currency, tentatively named “WeBee Coin,” by the end of this...
Foreign investors have been pulling out money en mass from South Korea's bond market, mainly short-term bonds this month.
Korean Bond Market
18 August 2017 - 11:15am
Foreign investors have been pulling out money en mass from South Korea's bond market, mainly short-term bonds, starting from August 9 after North Korea threatened to launch missiles on U.S. territory...
The electric and electronics sectors in July showed a whopping 203.48 percent increase in net profit from the same period a year earlier, posting the highest growth.
Amid Record-breaking Profits
17 August 2017 - 11:45am
South Korea's major KOSPI-listed companies enjoyed a record-breaking performance in the first half of this year, showing a double-digit growth in terms of both operating profit and net profit....
The National Pension Service (NPS) is planning to introduce a factor-based smart beta strategy in stock investment, causing some concerns.
Factor-based Smart Beta Strategy
16 August 2017 - 11:15am
The National Pension Service (NPS) is planning to introduce a factor-based smart beta strategy in stock investment. The strategy has already received attention in the public offering fund market for...
Korea’s money supply (M2), including household cash holdings and savings, increased by nearly 45 trillion won (US$39.42 billion) in the first half of this year.
Due to Low Interest Rates
16 August 2017 - 11:15am
South Korea’s money supply (M2), including household cash holdings and savings, increased by nearly 45 trillion won (US$39.42 billion) in the first six months this year. The figure is the largest in...
Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days.
Causing Damages to Customers
14 August 2017 - 12:30pm
As Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days, the financial authorities enforced sanctions against the bank. According to the Financial...
The number of unqualified opinions rose by 13 to 21 in audits on 2,081 listed corporations’ financial statements for 2016.
Effects of Tighter Audit
14 August 2017 - 12:15pm
The Financial Supervisory Service announced on August 13 that it analyzed auditors’ opinions on 2,081 listed corporations’ financial statements for 2016 and the ratio of clean opinions was 99.0%,...
The sales of IPO and private equity funds at securities companies reached a record high of 331.7 trillion won (US$290.46 billion) at the end of April.
Banks Vs. Securities Firms
11 August 2017 - 12:30pm
With the size of the domestic fund market keeping the highest level, the share of securities firms in the market has surpassed that of banks. According to the Korea Financial Investment Association (...

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