South Korea Finance News - Latest Updates & Headlines
Key S. Korean financial firms to see decrease in interest income for 1st time in 5 yrs
Seoul, Dec 7: Four major financial firms will likely see their interest income decrease for the first time since 2020 this year due to tighter lending rules aimed at curbing surging housing prices, data showed on Sunday.
Major financial groups post record profits in H1 in S. Korea despite slowdown
Seoul, July 27: Four major financial holding companies in South Korea posted record earnings in the first half of this year despite economic uncertainties and declining interest rates, data showed on Sunday.
South Korea: Ex-budget chief tapped as finance minister
Seoul, June 29: Koo Yun-cheol, nominated as the first finance minister under President Lee Jae Myung, of South Korea, is a veteran bureaucrat widely recognized for his expertise in fiscal policy and interagency coordination.