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Reporter : Lee Min-hyung
Sun, December 4, 2022 | 17:52
Financial stocks set for rally amid hopes of high dividends
Financial stocks here are set to rally amid growing hopes of high dividends following solid earnings growth this year. A move by the financial watchdog agency to reduce its intervention in the shareholder return policies of banks and other financial institutions also comes as a boon to rev up banking stocks, according to market analysts. Korea Exchange data show shares of the...
Dispute reignites over union-recommended director system
A dispute over a labor union-backed outside director system is expected to flare up again ahead of regular shareholders' meetings at financial institutions scheduled for early next year amid growing calls for them to diversify the structure of their boards of directors. The introduction of the system was a key item on former President Moon Jae-in's agenda, as part of his admi...
Plunging exports, widening trade deficit bode ill for Korean economy
The Korean economy is losing steam fast, with its twin engines - exports and domestic demand - falling at the same time. In particular, plunging exports and the widening trade deficit are boding ill for the Korean economy, various data showed Thursday. According to the Ministry of Trade, Industry and Energy, exports in November reached $51.91 billion (67.5 trillion won), down...
Korea Development Bank's reorganization draws flak
The Korea Development Bank (KDB) is drawing flak over what its union calls its “unilateral push” for it to relocate to the nation's southern port city of Busan. According to the state-run lender, the KDB carried out its 2023 organizational reshuffle by expanding its division located in Busan. Under the reshuffle, the Ocean Industry Finance unit has been enlarged into two subd...
Are foreign investors returning to KOSPI?
Foreign investors have gone on a buying spree of Korean shares for the past two months on growing hopes for a gradual end to the ongoing cycle of monetary tightening. According to data from the Korea Exchange, foreign nationals purchased Korean shares worth 6.07 trillion won between Oct. 1 and Nov. 29. They focused on buying major large-cap tech stocks such as Samsung Electro...
Is inverted yield curve harbinger of economic recession?
With the three-year treasury yield here surpassing that of the 10-year yield, concerns are rising that the economy is entering a phase of recession. According to data from the Korea Financial Investment Association, the three-year treasury yield came in at 3.669 percent on Monday, up 0.025 percentage point from a day earlier. But the 10-year yield reached 3.606 percent, down ...
Hana's WAVEs program trains women for leadership
Thirty-six new female leaders have completed Hana Financial Group's woman leadership program, Hana WAVEs, the financial group said Tuesday. Program participants undergo a five-month career training course covering areas such as leadership, strategy and communication.
KDB union pledges legal action against relocation
The union of Korea Development Bank (KDB) has pledged to take legal measures against the state-run lender's move to relocate its headquarters to the nation's southeastern port city of Busan. According to the KDB union, Monday, the lender plans to carry out an organizational reshuffle by creating three new divisions in Busan where 100 employees and executives from the head off...
Wemade chief faces censure amid stock fall
Wemade CEO Chang Hyun-guk came under mounting criticism from investors after the game publisher's stock plummeted in the aftermath of a shocking delisting of its Wemix coin from Korea's four major crypto exchanges. According to data from the Korea Exchange, Wemade shares went on a losing streak on Monday after its price closed with a drop of 29.89 percent on the previous trad...
Suhyup Bank's first-ever female leader takes office
Suhyup Bank's first female CEO, Kang Shin-sook, took office as the new leader of the fisheries cooperative's banking arm, Friday. She presented five core management goals after being inaugurated to the position. They include stable revenue generation, preemptive risk management, agile digital transformation, future-oriented organizational reform and enhanced support of fisher...
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