KB News DeskSamsung Electronics union in South Korea declares strike
A workers’ union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning…
Inflation slows to 11-month low of 2.4% in June
South Korea’s consumer prices slowed to an 11-month low in June, though prices of fresh food items and petroleum products remained high, data showed Tuesday. Consumer prices, a key gauge…
Hana Bank’s extended forex trading kicks off on smooth run
Hana Bank’s foreign exchange trading room in Seoul, the largest in South Korea, completed its first extended trading session on Tuesday. Starting Monday, Korea extended its foreign currency trading hours,…
FSS chief calls for innovation in securities firms
The head of the financial regulator on Wednesday urged securities firms to change the way they do business, as well as where they invest, stressing the need for innovation to…
Korea to weigh in on food delivery fees
South Korea plans to form a public-private consultative group to address the rising costs of food delivery fees this month to help lift the burden on restaurant owners, the government…
FSS slaps record short selling fine on Credit Suisse
Global investment bank Credit Suisse affiliates have been fined a record amount for violating Korea’s short selling regulations. The Securities and Futures Commission under the Financial Services Commission announced that…
Govt. vows support for exports of electric equipment
Industry Minister Ahn Duk-geun said Thursday the ministry plans to offer 2.7 trillion won ($1.94 billion) in trade finance for exports of electric equipment to foster the sector as a…
Finance chief vows preemptive responses to looming ‘massive external changes’
in Seoul on Thursday. (Yonhap) Finance Minister Choi Sang-mok called for proactive and preemptive responses Thursday to prevent possible massive changes in external circumstances from affecting South Korean exports so…
First vice finance minister tapped as FSC chief
First Vice Finance Minister Kim Byoung-hwan has been nominated to lead the Financial Services Commission, South Korea’s top financial policy-making unit, the presidential office announced Thursday. In nominating Kim, the…
S. Korea’s current account returns to surplus in May
South Korea logged the largest current account surplus in 32 months in May on the back of a sharp rise in the trade surplus and increased dividend income, central bank…