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Wednesday, October 18, 2017

Money

Jung Ha-won (right in the picture), head of the Korea Housing Finance Research Institute, posing for a picture with Iskandar Saleh, head of an Indonesian delegation
Knowledge Sharing on Housing Finance
11 August 2017 - 12:15pm
The Korea Housing Finance Corporation (KHFC) announced on August 10 that it recently invited some members of PT Sarana Multigriya Finansial along with Indonesian government officials and shared its...
Samsung Securities’ investment banking business is unlikely to be possible for the time being.
Impact of Leadership Absence
11 August 2017 - 12:15pm
The Financial Supervisory Service recently deferred its decision on whether to allow Samsung Securities to start a new business in the field of bill drawing for the reason that Samsung Electronics...
South Korea will no longer accept new members of non-taxable foreign equity funds after the end of this year.
Ending amid Popularity
10 August 2017 - 1:30pm
The amount of South Korea’s non-taxable foreign equity fund products is continuously growing. The non-taxable foreign equity fund offers tax exemption benefits on returns from trading stocks listed...
China Ocean Resources was forced to be virtually delisted from the Korean stock market.
Losing Investor’s Confidence
10 August 2017 - 1:00pm
China Ocean Resources was forced to be virtually delisted from the Seoul bourse as the company received a disclaimer of opinion even in a re-audit report. As the delisting of Chinese companies was...
Korean banks posted more than 8 trillion won (US$7.1 billion) in combined net profit in the first six months, 1.7 times higher than a year ago.
Thanks to Interest Income
9 August 2017 - 12:45pm
South Korean banks posted more than 8 trillion won (US$7.1 billion) in combined net profit in the first six months, 1.7 times higher than a year ago. Combined interest income stood at 18 trillion won...
Local large securities companies are earning a fee-related income from institutional investors in the IPO market by joining hands with global giants.
Alliance for Local IPO Market
8 August 2017 - 11:30am
Global asset management giants are scrambling to jump into the domestic initial public offering (IPO) market. Local large securities companies, which have joined hands with global giants, earned a...
Tax incentives applied to the dividend income from high-dividend stocks are terminated at the end of this year as previously scheduled.
Due to Retrogressive Policy
8 August 2017 - 11:15am
The South Korean government came up with a tax law amendment on August 2. According to the amendment, tax incentives applied to the dividend income from high-dividend stocks are terminated at the end...
South Korean households’ liabilities and the rate of increase in their liabilities have already increased to the point of limiting the country’s economic growth.
Debt Putting Growth in Limit
7 August 2017 - 12:45pm
The Bank of Korea said on August 6 that South Korea’s threshold debt balance-to-GDP ratio is 75% for households, 80% for enterprises and 90% for the government according to the World Economic Forum (...
A country map of GDP Per Capita in 2015.
Stagnant GDP Per Capita
7 August 2017 - 11:30am
The International Monetary Fund (IMF) announced on August 6 that South Korea recorded a GDP per capita of US$27,633 and ranked 29th among about 190 countries as of October last year. A total of 27...
Indian financial authorities showed reportedly negative attitudes about Kookmin Bank’s plan to turn its office in Gurgaon, India into a branch.
Troubles in India
4 August 2017 - 7:15pm
A dark shadow is cast on KB Kookmin Bank’s plan to tap into the Indian market. According to the banking industry, although KB Kookmin Bank received the approval of its plan to turn its office in...
South Korea’s foreign exchange reserves totaled US$383.76 billion as of the end of last month, showing a month-on-month increase of US$3.19 billion.
Hit an All-time High Again
4 August 2017 - 11:45am
According to the Bank of Korea, South Korea’s foreign exchange reserves totaled US$383.76 billion as of the end of last month, showing a month-on-month increase of US$3.19 billion. Its forex reserves...
The service named “Connected cars” to be launched by Shinhan Card is a smart payment service that gives vehicles a unique ID (ID) to make cars a payment instrument which makes . “My car” soon become a “credit card.”
‘Drive-through’ Payment
3 August 2017 - 3:45pm
There comes a "drive-through" payment era. In this era, you can buy things in your car even if you do not carry your credit card. Shinhan Card said that the company will launch a test for...

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