Powell's signal on Fed pullback on rate hikes gives green light to investors

By Yoo Chang-jo Professor of marketing at Dongguk University The Korea Herald presents the Global Finance Awards upon recognition that, for the Korean economy to grow in this age of cutting-edge technology, it is essential to build a financial ecosystem that meets global standards and raises the competitiveness of the country’s financial industry. The purpose of these awards is to encourage financial institutions that continue to challenge themselves and innovate to provide better financ

Insurer of the Year / Kyobo Life Insurance

ESG Innovator / Standard Chartered Bank Korea

Bank of the Year / KB Kookmin Bank

IR Innovator / Woori Financial Group

Digital Innovator / Qraft Technologies

Financier of the Year / Mirae Asset Securities

Asset Manager of the Year / Mirae Asset Global Investment

Global Innovator / Shinhan Financial Group

Credit Card of the Year / Woori Card

Financial authorities on Monday maintained their position on imposing an income tax on cryptocurrency trading from 2025, delaying the initial plan of levying a 20 percent tax starting next year. According to the Ministry of Economy and Finance, it submitted a bill to lawmakers to push back the new taxation law from 2023 to 2025. Before the end of the year, the bill has to be passed by the National Assembly for the current taxation plan to be postponed. Under the current taxation law, anyone who

South Korean stocks closed more than 1 percent lower Monday, as investor sentiment remained wary amid the extended COVID-19 restrictions in China that have stoked concerns over global supply disruptions. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index retreated 29.59 points, or 1.21 percent, to 2,408.27. Trading volume was moderate at 343.2 million shares worth 6.36 trillion won ($4.74 billion) with decliners far outnumbering gainers 703 to

FTX’s plan to buy South Korean crypto exchange Bithumb appears to have gone up in smoke, with billionaire Sam Bankman-Fried’s empire being rocked by a liquidity crisis, industry watchers said Thursday. Crypto exchange giant Binance’s announcement on Wednesday to back out of its plans to acquire FTX is likely to halt the ongoing deal between the Bahamian crypto exchange platform and Bithumb, according to experts. “Investors have been wary of the crypto market because of

NTS has informed 2.25m individual services providers of W274.4b tax refunds unclaimed as part of agency's 'proactive governance' approach