Finance Minister Koo Yun-cheol delivers a speech at an inauguration ceremony at the government complex in Sejong on Monday. (Yonhap) Seasoned bureaucrat Koo Yun-cheol was inaugurated as South Korea’s Deputy Prime Minister and Finance Minister on Monday, ending a three-month leadership vacuum at the ministry tasked with resolving US tariff talks, accelerating tax reforms and
Responsible buybacks deliver windfall for executives amid banking rally From left: Hana Financial Group CEO Ham Young-joo, KB Financial Group CEO Yang Jong-hee, Shinhan Financial Group CEO Jin Ok-dong and Woori Financial Group CEO Yim Jong-yong (Pictures courtesy of the respective companies) As Korean financial stocks rally on the back of value enhancement drives, top
“Imjang” class participants, led by Instagram influencer Aptrashu, walk together to inspect properties in Ahyeon-dong, Mapo-gu, Seoul. (Aptrashu) Workers in 20s, 30s feel more uncertain than ever — some say, ‘no hope on my salary’ Twenty-eight-year-old Kim goes on a five-hour trip to Ulsan, or any other region, as soon as she gets off work
ATMs of South Korea’s four major commercial banks are lined up on a street in Seoul on Sunday. (Yonhap) South Korea’s four largest banking groups reported record-high combined earnings in the first quarter, approaching 5 trillion won ($3.48 billion) despite a broader economic slowdown and declining interest rates. Shinhan Financial Group on Friday posted a
South Korea’s Finance Minister Choi Sang-mok (second from left), Trade Minister Ahn Duk-geun (left), US Treasury Secretary Scott Bessent (third from left) and US Trade Representative Jamieson Greer (right) pose for a photo prior to their trade talks in Washington, DC, on Thursday. (Ministry of Economy and Finance) South Korea’s Finance Minister Choi Sang-mok said