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The government plans to provide 360 trillion won (US$247.74 billion) worth of policy financing to exporting companies through state-run banks and institutions this year, according to a statement released by the finance ministry.
Seoul, South Korea Reuters —
This is CNBC's live blog covering Asia-Pacific markets.
Commerzbank is exploring cutting thousands of jobs as it seeks to fend off an unwanted approach from Italy's UniCredit, the Financial Times reported on Saturday, citing people familiar with the matter.
Banco Santander is reconsidering its presence in Britain two decades after its acquisition of Abbey National made it a major player on UK high streets, the Financial Times newspaper reported on Saturday, citing people familiar with the matter.
An Indian police volunteer was convicted on Saturday of the rape and murder of a junior doctor at a hospital in the eastern city Kolkata, in the speedy trial of a crime that sparked national outrage over a lack of safety for women.
Southeast Asian foreign ministers will hold a closed-doors retreat in Malaysia on Sunday, as the country hosts its first meeting as chair of the regional bloc Asean amid an intensifying civil war in Myanmar and confrontations in the South China Sea.
South Korea’s impeached President Yoon Suk-yeol attended a court hearing on Saturday to fight a request by investigators to extend his detention on accusations of insurrection.