1+ hour, 37+ min ago   (955+ words) KB Financial Group's Chairman Candidate Recommendation Committee has rejected a second term for incumbent Chairman Yang Jong-hee—despite record-breaking performance—and recommended Lee Jae-keun, head of the holding company's business divisions, as the final candidate for next chairman. This marks…...

1+ hour, 42+ min ago   (588+ words) South Korea's Financial Services Commission is reviewing a plan to exclude group loans for residential officetels from financial institutions' household loan total volume management targets. When the regulator exempted only housing-related group loans from the volume caps in August, officetels…...

1+ hour, 54+ min ago   (550+ words) As inheritance disputes surge, South Korea's financial and legal sectors are racing to roll out related services. The country's five major commercial banks have launched or are preparing to debut more than ten new trust products this year alone, including…...

3+ hour, 13+ min ago   (829+ words) Huayin Fund announced on September 12 that Liu Dan, formerly of Huaxia Bank, has been appointed general manager, ending a vacancy of more than four months. Liu brings extensive experience from China Construction Bank, CCB Financial Asset Investment, and Huaxia Bank,…...

10+ hour, 11+ min ago   (210+ words) Regarding this, Lee expressed the view that "establishing a residence-centered housing market is a firm principle with clear direction." Under the original plan announced on the 3rd of last month, next year's calculated tax would have reached ₩15.365 million. However, as the…...

1+ day, 16+ hour ago   (837+ words) Jensen Huang has a blunt message for critics who argue Nvidia is propping up its own sales by financing the very companies that buy its chips: bring it on. "Is that circular? If that is, let's do more of that,…...

10+ hour, 9+ min ago   (959+ words) Seoul Mayor Oh Se-hoon on the 13th called for a full-scale review of the government's real estate policy, noting that Seoul apartment prices have risen for 86 consecutive weeks, breaking the all-time record. He pointed out that the cumulative increase in Seoul…...

18+ hour, 11+ min ago   (408+ words) Private equity firm Yunjin Partners' acquisition of KOSDAQ-listed DSK has been stalled for over a year. The 66.6 billion won balance payment scheduled for the 9th fell through once again, and this time no extension agreement was reached with the seller, putting…...

9+ hour, 29+ min ago   (445+ words) In 2024, 1,606 South Korean minors filed comprehensive income tax returns after their financial income—interest and dividends—exceeded 20 million won (approximately $15,000) annually. The figure includes five one-year-old infants, who reported an average financial income of 39.4 million won (approximately $29,000) each. Total reported…...

12+ hour, 11+ min ago   (437+ words) South Korea's Financial Services Commission (FSC) will accept regular applications for the third-quarter designation of Innovative Financial Services from July 14 through July 30 at 6 p.m. Companies seeking designation can submit their applications through the Financial Regulatory Sandbox website. Submitted applications will be…...