‘Pro-business’ reports from securities firms raise investors’ eyebrows

Securities firms' decades-long practice of only releasing “pro-business” stock reports keeps tarnishing their reputation and raising investors' eyebrows. The biggest problem is that there are no proper legal measures to put the brakes on the practice. This raises concerns that more and more retail investors and beginners in stock investing may fall prey to the practice.Want to know more on 'Pro-business' reports from securities firms raise investors' eyebrows...

FSS mulls punishment level on Lime fund scandals

One of the most-heated issues surrounding the financial sector this year has been the mis-selling of Lime Asset Management's various fund products. The products were sold since last year at various financial institutions in Korea including most major banks and stock brokerages, resulting in a large-scale suspension of redemption worth 1.67 trillion won ($1.42 billion) in total.Want to know more on FSS mulls punishment level on Lime fund...

Banks enhancing digital workforce

Commercial banks here are reinforcing their digital workforce by cutting recruitment of bank clerks and expanding that of IT experts, in their bid to become online-driven and digitally agile lenders at the earliest possible date. The nation's five largest banks shared their plans to cut the number of new employees in half this year, compared to last year, amid unfavorable market circumstances induced by the unexpected COVID-19 pandemic.Want...

KRX running website for SRI bonds

The Korea Exchange (KRX) said Tuesday it has been running a website providing all information on socially responsible investment (SRI) bonds in both Korean and English since June.Want to know more on KRX running website for SRI bonds click here go to market news source. Market news summary from The Korea Times Market News.Author:

KDB criticized for allowing unfair competition

The Korea Development Bank (KDB) is facing sharp criticism over KDB Investment's recent attempts to acquire Doosan Infracore and Hanjin Heavy Industries & Construction.Want to know more on KDB criticized for allowing unfair competition click here go to market news source. Market news summary from The Korea Times Market News.Author:

Top 0.1 percent South Koreans earned $1.26 million in 2018

The highest 0.1 percent of the income bracket in South Korea earned 1.47 billion won (US$1.26 million) in 2018, over 60 times more than that for median income earners, government data showed Monday.Want to know more on Top 0.1 percent South Koreans earned $1.26 million in 2018 click here go to market news source. Market news summary from The Korea Times Market News.Author:

Prosecutors say justice minister did not abuse her authority in regard to her son’s leave from the military

South Korean prosecutors who have been investigating allegations that the son of Justice Minister Choo Mi-ae received special treatment during his mandatory military service found that there was no abWant to know more on Prosecutors say justice minister did not abuse her authority in regard to her son’s leave from the military click here go to market news source. Market news summary from Hankyoreh Market News.Author:

S. Korean official killed by N. Korean soldiers was trying to defect, Democratic Party claims

A Ministry of Oceans and Fisheries (MOF) official who was shot dead by the North Korean military did indeed attempt to defect to the North, but the question of whether his body was “desecrated” requirWant to know more on S. Korean official killed by N. Korean soldiers was trying to defect, Democratic Party claims click here go to market news source. Market news summary from Hankyoreh Market News.Author:
Close

Market News Language