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Wed, April 25, 2018 | 03:28

Economy >

Shareholders urged to stop Korean Air owner family

As the irregular behaviors of Korean Air Chairman Cho Yang-ho's daughters are tarnishing the corporate image, small investors are demanding other large shareholders including the National Pension Service (NPS) actively exercise their voting rights to stop the family members and pull up the corporate value.

Investigations | 2018-04-24 16:27

Corporate watchdog probing unfair biz practices at Korean Air

SC Bank Korea launches keyboard banking

Following development of fintech, local banks are engaged in a fierce battle in the mobile sector. Some of them scrapped fees while launching remittance services that do not require cumbersome authentication. Others launched an AI-based banking platform, where customers can make financial transactions as if conversing with bank tellers. They have become banks in customers' ha...

Finance | 2018-04-24 16:23

US gov't inspects Korean banks over compliance issues

Financial authorities in New York plan to inspect seven Korean banks operating there as they are suspected of failing to meet compliance guidelines.

Policies | 2018-04-24 16:34

Samsung ordered to change byzantine ownership

Samsung Group is coming under increasing pressure to overhaul its web-like corporate structure, with the country's top financial regulator officially pushing the corporation to simplify its cross-holdings system.

Policies | 2018-04-23 15:22

Finance minister seeks upgrading of sovereign credit ratings

The country's finance minister requested global credit rating agencies to reflect lessening geopolitical tension in its sovereign ratings.

Policies | 2018-04-23 16:46

KOMSCO holds 'minting Olympics'

Korea Minting and Security Printing Corp. (KOMSCO) said Monday it is holding the 30th Mint Directors Conference (MDC), a worldwide conference of minting industry experts.

Finance | 2018-04-23 16:37

'Inter-Korean summit makes little impact on stocks'

The upcoming summit between South Korean President Moon Jae-in and the North's Kim Jong-un will have little impact on the stock market because investors are weighing more on “market trends,” said a portfolio manager at KB Securities.

Inter-Korean summit 2018 | 2018-04-23 17:02

Bio stocks plunging on controversy over fundamentals

As the country's leading bio companies are fluctuating in the stock market, analysts warn that it might be signaling the collapse of a bubble. They point out the market had been irrationally overheated over the past few months, with many companies claiming to be bio popping up and many investors betting on them without proper evaluation.

Finance | 2018-04-20 17:06

[INTERVIEW] KGCCI chief vows to focus on job creation

Kim Hyo-joon, BMW Group Korea chairman, who was recently named chairman of the Korea-German Chamber of Commerce and Industry (KGCCI), said he will do his best to create more jobs here. “German companies have invested a great deal in Korea, which is more than 10 trillion won ($9.37 billion) on a cumulative basis, and have created more than 100,000 jobs here. And I will make mo...

Policies | 2018-04-20 17:10

Korea, IMF coordinate over disclosure of forex market interventions

The country's finance minister discussed with the International Monetary Fund (IMF) chief over how to disclose the government's interventions in the foreign exchange market. The IMF chief said the disclosure won't cause unwanted consequences.

Policies | 2018-04-20 17:09

Missile attack on Syria