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South Korea Banking News. Service for global professionals. Constantly updated news and information about South Korea.
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  • Need to tiptoe out of stimulus packages 13 Nov 2009 00:33 GMT
    ... a major financier of America's debt. China's banks are now among the world's largest, overtaking many ... grouping -- Asean+6: the Asean 10, China, South Korea, Japan, India, Australia and New Zealand. The ...

  • Australia shares lose 0.8 pct as miners weigh 13 Nov 2009 00:14 GMT
    ... MELBOURNE, Nov 13 (Reuters) - Australian shares dipped 0.8 ... | Global Economy | | Tech.Media,Telecoms | Banking, Financials | | Politics&General | Sports | ... S/east Asia. Bombay....... Kuala Lumpur... Sydney/NZ... China........ Seoul.......... Taipei...... Hong Kong.... Singapore...... Tokyo........ Access to ...

  • State assets could be a tough sell for South Korea 12 Nov 2009 15:59 GMT
    ... SEOUL (Reuters) - South Korea may have to offer steep discounts to sell ... domestic product. But scaled back lending by banks and concerns about a slowing global economic ...

  • South Korean lenders' home-backed loans rebound in October 12 Nov 2009 00:31 GMT
    ... South Korean banks' home-backed loans moved up in October despite ... of the value of a residence in Seoul and its adjacent areas, down from the ...

  • South Korea kicks off massive construction work to overhaul rivers amid opposition 12 Nov 2009 22:30 GMT
    ... SEOUL, South Korea - South Korea started work Tuesday on a ... and construct wetlands and eco-parks along river banks will cost about 2.2 trillion won ($1.9 ...

  • Seoul shares edge higher, unmoved by rate decision 12 Nov 2009 03:14 GMT
    ... SEOUL, Nov 12 (Reuters) - Seoul shares retained ... earnings diary U.S. earnings diary European diary South Korea diary Wall Street Week Ahead Eurostocks Week ... rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt South Korean won LME price overview (If you have a ...

  • Seoul shares turn lower on exporters, option expiry 12 Nov 2009 08:58 GMT
    ... SEOUL, Nov 12 (Reuters) - Seoul shares fell ... earnings diary U.S. earnings diary European diary South Korea diary Wall Street Week Ahead Eurostocks Week ... rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt South Korean won LME price overview (If you have a ...

  • Alabama bank halts mortgage lending 12 Nov 2009 17:17 GMT
    ... 2011 Kia Sorento to Be Built in U.S. Kia is ... of the border, in Mexico , the South Korean automaker announced it will build its new ...

  • Stock bourse, banks delay their workday for college test 12 Nov 2009 01:22 GMT
    ... Stock bourse, banks delay their workday for college test KoreaӮs major commercial banks will open their branches at ...

  • South Korea's Central Bank Maintains Key Rate at 2% 12 Nov 2009 03:55 GMT
    ... Nov. 12 (Bloomberg) -- South Korea’s central bank kept its ... seven-day repurchase rate at 2 percent in Seoul, and the Bank of Korea said it ... to the central bankā€ to determine rates, South Korean policy makers ā€œunderstand it’s prematureā€ to implement an ...

  • Morning Money: Joint opinions 12 Nov 2009 11:31 GMT
    ... greenback on their nascent economic recoveries. Thailand, South Korea, Russia and the Philippines have been ... in trying to reduce three or four banking regulators to one. And Senator Dodd is ... be tough.” JOHNSON, on dealing with too-big-to-fail banks: “There's a little progress on this issue ...

  • Bank of Korea keeps key rate at record low 12 Nov 2009 06:50 GMT
    ... rate at record low as economy recovers SEOUL, South Korea (AP) -- South Korea's central bank left ... consumer demand amid the world slowdown hit South Korean exporters. The Korean economy has now fought back ...

  • Stronger action seen to deflate property bubbles 12 Nov 2009 06:14 GMT
    ... inflating. Authorities in Hong Kong, India, Singapore, South Korea and Taiwan in the last several weeks ... boom. Like Hong Kong, India and China, South Korean authorities tinkered with mortgage rules, by raising ... government encouraged lending to support the economy. Banks in China are expected to lend 10 ...

  • South Korea's shallow downturn and rapid recovery 12 Nov 2009 16:51 GMT
    ... did not even suffer a recession. In Seoul the housing market barely paused (see chart). But ... risks fuelling a house-price boom. That means South Korea is among the first to grapple with one ... rates were raised high enough to restrain mortgage lending, they could also jeopardise the broader ...

  • Overseas markets stall after multi-day rallies 12 Nov 2009 11:32 GMT
    ... A South Korean man walks past an advertisement for a bank's ... bank's interest at a subway station in Seoul South Korea. (AP) Asia's four-day stock market rally petered ...


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