financial watchdog Archives

Top Financial Watchdog Vows to Push Ahead with Capital Market Initiatives

SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]

S. Korean Banks’ Profit Soars 60.4 Pct in 2014

SEOUL, Feb. 6 (Korea Bizwire) – South Korean lenders saw their combined net profit soar 60.4 percent last year from a year earlier as they set aside less reserves against bad loans, the financial watchdog said Friday. The combined net income of 18 local banks stood at 6.2 trillion won (US$5.7 billion) in 2014, up [...]