KB News DeskMargin loans fall to 3-month low as market correction deepens
Margin lending balance drops below 33 trillion won, signaling retreat in leveraged investing South Korea’s outstanding margin loans, a key gauge of leveraged stock investment by retail investors, fell to…
Minister vows to further eliminate blind spots of compensation for veterans' families
Government cites Middle East tensions as reason for extending price caps Veterans Minister Kwon Oh-eul said Friday he would make efforts to further eliminate blind spots in compensation for surviving…
Market rally lifts Korea's five financial groups to W13tr profit
Brokerage gains drive record profits as NH stays ahead of Woori South Korea’s five largest financial groups posted a record 13.12 trillion won ($8.97 billion) in combined first-half net income,…
Govt. keeps fuel price caps steady amid energy volatility
Government cites Middle East tensions, keeps room for future adjustments South Korea kept its current fuel price caps unchanged Friday amid renewed tensions in the Middle East, while leaving open…
Korea less exposed to AI job shock, but productivity at risk
South Korea may face less immediate job disruption from generative artificial intelligence than other members of the Organization for Economic Cooperation and Development. But its workers and businesses could also…
Kia Q2 profit falls despite record sales, as US tariffs, incentives bite
South Korean carmaker Kia said Friday its operating profit fell 4.9 percent in the second quarter, as US auto tariffs and higher sales incentives offset record revenue and vehicle sales…
Seoul stocks plummet nearly 6% amid escalating Mideast tensions
Seoul stocks snapped their three-day winning streak to plummet nearly 6 percent on Friday, as escalating tensions in the Middle East sapped risk appetite. The local currency rose against the…
Ex-councilor in minor sex case gets paid for 16-day term
A councilor who briefly served on the city council of Cheongju, North Chungcheong Province, received about 2.3 million won ($1,570) in pay for his 16 days in office. He resigned…
SK Chair Chey ordered to pay ex-wife W944b in divorce asset ruling
A Seoul appellate court on Friday ordered SK Group Chairman Chey Tae-won to pay 944 billion won ($644 million) to his former wife, Roh Soh-yeong, cutting the earlier award by…
Rapper E Sens contests summary fine in sexual assault case
Musician denies forcible molestation allegation, says physical contact was consensual Rapper E Sens has requested a formal trial after receiving a summary fine of 5 million won ($3,400) on charges…
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