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Finance
Finance sector on edge as talk grows of relocating key financial institutions from Seoul
South Korea\'s finance sector is on edge amid speculation the government is close to announcing a second plan to relocate public institutions outside Seoul. Korea Development Bank, IBK Industrial Bank of Korea and Export-Import Bank of Korea are being mentioned, along with the Financial Services Commission and Financial Supervisory Service. The government has not officially confirmed targets or regions. Labour groups are escalating opposition, with unions planning a general strike and rallies to block any relocation.
Finance
July household loans rise 6.2 trillion won; growth slows for second month
Household loans across South Korea’s financial sector rose 6.2 trillion won in July from the previous month, marking a second straight slowdown in the pace of increase, the Financial Services Commission said. The rise was still larger than a year earlier and above past averages, regulators said, citing increased housing transactions in the Seoul metropolitan area. Authorities said they will maintain monitoring while adjusting aggregate lending targets to support end-user funding needs.
Finance
KakaoBank executives buy 21,100 treasury shares worth 464.8 million won
KakaoBank executives bought treasury shares worth 464.8 million won on the open market. A total of 12 executives purchased 21,100 shares from June to Aug. 12, a regulatory filing showed. The company said the purchases reflect executives’ commitment to mid- to long-term growth and to enhancing corporate value. KakaoBank targets assets of 100 trillion won in 2027 and a return on equity of 15 percent in 2030.
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Crypto
Countdown to amended Special Financial Information Act puts digital asset industry focus on governance reshuffle
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Crypto
South Korea tightens reporting bar for digital asset businesses, expands screening to major shareholders
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Finance
Loan \'open run\' pushes household loan cap to double, expanding banks\' lending room to around 60 trillion won
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Crypto
Regulators watch securities firms’ digital asset ties as platform integration spreads
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Finance
Woori Bank holds customer panel meeting with financial regulators
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Finance
South Korea FSC designates five financial holding groups, banks as D-SIBs; additional 1 percent capital next year
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Finance
Samsung Securities clears hurdle for short-term note licence; decision as early as September
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Finance
iM Financial strengthens financial consumer protection capabilities at affiliates
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Finance
Single-stock leverage regulation starts; how far will additional measures go?
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Finance
Banks issue consumer alert over upfront fees in ETF trusts sold within six months
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Finance
Authorities push individual limits on single-stock leveraged ETF investing, may adjust leverage in emergencies
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Finance
Samsung Securities commercial paper licence seen as green light, Meritz still in fog
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Finance
South Korea financial regulators consider further steps on single-stock leveraged ETFs
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Finance
RIA tax benefits cut raises concerns over faster exodus from Korean stocks
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Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era