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Finance

Policies

Fri, November 15, 2019 | 09:47

Senior Korean CPA joins IFAC board

Senior Korean CPA joins IFAC board

A senior certified public accountant (CPA) has joined the International Federation of Accountants (IFAC) board, the Korean Institute of Certified Public Accountants (KICPA) said Thursday.

Lee Kyung-min | 2019-11-14 18:01

Banks to be banned from handling high-risk PEFs

Banks to be banned from handling high-risk PEFs

Banks will be banned from dealing with high-risk private equity funds (PEFs), and the minimum amount of money required for individuals' investments in hedge funds will go up to 300 million won ($256,000) from 100 million won, the Financial Services Commission (FSC) said Thursday.

Park Jae-hyuk | 2019-11-14 16:51

Boosting economy

Boosting economy

Finance Minister Hong Nam-ki gives a presentation on the government's plan to boost the economy at the Government Complex in Sejong, Nov. 11. Hong said he would map out measures to make Asia's fourth-largest economy grow at a rate of up to 2.3 percent in 2020, including ways to boost growth potential and speed up structural reform. Yonhap

Lee Kyung-min | 2019-11-13 20:16

Number of manufacturing jobs keep falling

Number of manufacturing jobs keep falling

Korea's overall employment data improved in October but the number of quality jobs for breadwinners, mostly those in their 30s and 40s in the manufacturing sector, decreased sharply, indicating that the government's efforts to create part-time jobs for older workers through tax spending have distorted the job market.

Lee Kyung-min | 2019-11-13 19:08

Helping SMEs

National Tax Service (NTS) Commissioner Kim Hyun-jun, right, speaks at a meeting at the Incheon office of Korea Industrial Complex Corp., Nov. 13. The meeting was organized to help small exporters based in Namdong Industrial Park in Incheon. The tax agency plans to delay regular tax audits for the companies struggling amid the Korea-Japan trade feud. Courtesy of NTS

Lee Kyung-min | 2019-11-13 19:08

NPS hit for exercising 'excessive' shareholder rights

NPS hit for exercising 'excessive' shareholder rights

Companies are expressing concern over the National Pension Service's (NPS) plan to exercise “excessive” shareholder rights, through which it could demand the dismissal of board members of firms in which the pension fund holds a stake, industry officials said Wednesday.

Nam Hyun-woo | 2019-11-13 17:12

Government hit for choosing Jakarta over Bangkok for finance support center

Government hit for choosing Jakarta over Bangkok for finance support center

The government's plan to open the Korea-ASEAN Financial Cooperation Center in Jakarta, Indonesia, has aroused concerns among financial experts and companies here that the decision will not help the center achieve its intended goal of strengthening Korean firms' foothold in Southeast Asia. Some experts criticized the decision as it was apparently made with “political reason” -...

Park Jae-hyuk | 2019-11-13 16:48

NTS targets young homeowners for suspected tax evasion

NTS targets young homeowners for suspected tax evasion

The National Tax Service (NTS) is investigating 224 people over suspicions they received money from their parents without paying the proper taxes or bought high-priced apartments in affluent areas despite their clear lack of funds, it said Tuesday.

Lee Kyung-min | 2019-11-12 16:59

6 in 10 firms still uncomfortable with 52-hour workweek

6 in 10 firms still uncomfortable with 52-hour workweek

Companies have been adjusting to the new rule mandating a maximum 52-hour workweek, but 60 percent of the firms still struggle with labor inflexibility and other difficulties, a survey taken by the Korea Chamber of Commerce and Industry (KCCI) showed Tuesday.

Kwak Yeon-soo | 2019-11-12 16:48

Experts skeptical about gov't anti-speculation measures

Experts skeptical about gov't anti-speculation measures

The government introduced a measure to cap presale prices of privately built apartments in 27 neighborhoods around Seoul, Wednesday, but experts remain skeptical of the efforts.

Jhoo Dong-chan | 2019-11-08 17:37

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