S.Korea seeks fines on HSBC, BNP for naked short selling – Bloomberg News
(Reuters) -South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas for naked short selling, Bloomberg News reported…
S.Korea exports snap year-long downturn, recovery in China demand slow
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports in October rose in annual terms for the first time in 13 months, as shipments to the United States were robust while the weakness…
S.Korea FX reserves fall for second month in Sept on market intervention
SEOUL (Reuters) – South Korea’s foreign exchange reserves fell for a second month in September and by the biggest amount in four months, central bank data showed on Friday, as authorities intervened…
S.Korea central bank says coordinated efforts needed to deal with household debt
SEOUL (Reuters) – South Korea’s central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and financial stability.…
S.Korea tightens loan criteria as household debt jumps the most in 2 years
SEOUL (Reuters) – South Korea’s financial authorities said they would control household debt by tightening certain loan regulations, as rising mortgage demand drove up household borrowing by the biggest amount in two…
S.Korea urges foreign firms to guard against illegal short-selling in share market
SEOUL (Reuters) – South Korea’s financial market watchdog on Thursday urged foreign firms trading on the country’s stock market to strengthen internal controls to prevent illegal naked short-selling. The Financial Supervisory service…
S.Korea to provide exporters $137 billion of policy financing until yr-end
SEOUL (Reuters) – South Korea will provide up to 181 trillion won ($137 billion) of cheap loans to exporters until the end of this year and waive visa processing fees for Chinese…
S.Korea police arrest 16 Fukushima protesters targeting Japan embassy
By Hongji Kim SEOUL (Reuters) -South Korean police arrested 16 people on Thursday for entering a building housing the Japanese embassy in Seoul, carrying off and bundling some into a bus after…
Blinken to meet Japan, S.Korea foreign ministers virtually on Monday
TOKYO (Reuters) – U.S. Secretary of State Antony Blinken will hold a virtual meeting with Japanese Foreign Minister Yoshimasa Hayashi and South Korean Foreign Minister Park Jin on Monday, the U.S. State…
Chinese firms ramp up investment in S.Korea to get US EV tax credits
By Heekyong Yang and Zoey Zhang SEOUL/SHANGHAI (Reuters) – Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to…
S.Korea financial watchdog gathers securities firms to manage real estate risks
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns the number…
US nuclear missile sub visits S.Korea for first time in decades – US official
SEOUL (Reuters) – For the first time since the 1980s a U.S. nuclear-armed ballistic missile submarine (SSBN) is in South Korea, a senior U.S. official said on Tuesday, as the allies launched…
S.Korea central bank warns of financial stability risk as debts rise
SEOUL (Reuters) – South Korea’s central bank said on Monday there was a need to manage financial stability in addition to price risks as the country’s high household debts have started to…
S.Korea state-run banks join liquidity support effort for credit union
By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity support to a credit union hit by customer withdrawals, joining commercial banks…
S.Korea export downtrend likely slowed in June, offers hope for global trade: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s downtrend in exports likely slowed in June, with the trade balance set to swing to a surplus for the first time in 16 months,…
Factbox-Old disputes overshadow visit by Japan’s Kishida to S.Korea
(Reuters) – Japanese Prime Minister Fumio Kishida will be visiting South Korean President Yoon Suk Yeol on Sunday in the latest effort to improve bilateral ties. However, the trip will be overshadowed…
S.Korea regulator fines two firms for naked shorts under stricter law
SEOUL (Reuters) – South Korea’s financial regulator fined two firms for naked short selling in the local stock market, for the first time under the new law of heavier penalties. The Financial…
Forced labour victims protest in wheelchairs, reject S.Korea deal on Japan
By Ju-min Park SEOUL (Reuters) – Two elderly South Korean victims of wartime forced labour took to the streets in wheelchairs on Tuesday, saying they rejected a compensation deal announced this week,…
US flies B-52 in joint drill with S.Korea – S.Korea defence ministry
SEOUL (Reuters) – The United states deployed a B-52 bomber for a joint drill with its ally South Korea on Monday, in a show of force against North Korea’s nuclear and missile…
S.Korea inflation slowest in 10 months, bolsters views for no more hikes
By Jihoon Lee SEOUL (Reuters) – South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy…
Japan eyes easing S.Korea export controls as Seoul seeks to improve ties -media
By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the…
S.Korea fines Citadel Securities for stock algorithm trading breaches
SEOUL (Reuters) – South Korea’s financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the local stock market with high-frequency algorithm trading.…
S.Korea 2023 exports to post first fall in three years – exporter group
SEOUL (Reuters) – South Korea’s exports in 2023 are expected to post their first fall since 2020, on weakening IT demand, falling oil prices and a delay in global economic recovery, an…
S.Korea central bank governor says dollar/won moves in line with expectations
SEOUL (Reuters) – South Korea’s central bank governor on Friday said recent dollar/won movement was in line with his expectations, as currency market movements seem to have stabilised compared with a month…
S.Korea should prioritise inflation control, IMF official says
SEOUL (Reuters) – South Korea’s central bank, the Bank of Korea, should keep up efforts to prioritise inflation control, even as it faces a trade-off with growth, a senior official of the…
S.Korea may ease liquidity requirement rules for financial companies
SEOUL (Reuters) – South Korea may ease some of the liquidity requirement rules on financial companies as there are some signs of stress in the short-term money market, the head of the…
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