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Tue, March 9, 2021 | 01:35
Ample liquidity, hopes for economic recovery to offset inflationary fears
Ample liquidity, hopes for economic recovery to offset inflationary fears
Ample liquidity and rising hopes for a post-coronavirus economic recovery will offset escalating inflationary fears amid rising interest hikes, market experts said Monday. The Bank of Korea (BOK) and financial authorities here have placed top priority on revving up the economy this year despite concerns over inflation-driven bubbles in the nation's asset market.
2021-03-08 17:00
Finance minister pledges unwavering push for housing supply plan
Finance minister pledges unwavering push for housing supply plan
The government's plan to boost the housing supply will go ahead as scheduled, despite a series of damning allegations about employees at the state-run Korea Land and Housing Corporation (LH) having engaged in illegal real estate speculation using insider information, the finance minister said Sunday. Instead, pan-governmental efforts will be initiated to draw up much heavier ...
2021-03-07 15:06
Finance ministry to receive handsome dividends from IBK
Finance ministry to receive handsome dividends from IBK
The Industrial Bank of Korea (IBK) will pay 220.8 billion won ($196 million) in dividends to the Ministry of Economy and Finance, the state lender's largest shareholder with a 59.2 percent stake. This is an increase of about 55 billion from 166.2 billion paid out to the ministry in 2019.
2021-03-05 16:17
Rising US treasury yields pushing exchange rate higher
Rising US treasury yields pushing exchange rate higher
Rising 10-year U.S. treasury yields are putting the brakes on the dollar's weakening valuation against the won amid hopes of an economic recovery here and abroad.
2021-03-04 16:23
State-run organizations to strengthen ESG values
State-run organizations to strengthen ESG values
The government plans to require state-run entities to increase the number of environmental, social and governance (ESG) criteria in organizational governance plan subject to public disclosure, in a move to pave way for private firms to follow suit to advance sustainable growth initiative.
2021-03-04 16:23
Angry investors
Angry investors
Members of Korea Stockholders Alliance, a group of individual investors, hold banners and signs criticizing the National Pension Service's (NPS) excessive sell position in the stock market which they claim is damaging individual investors, during a rally in front of the pension operator's office in Jeonju, North Jeolla Province, Thursday. The NPS sold shares worth 13 trillion...
2021-03-04 16:19
Gov't under fire for lax screening of ailing companies receiving support
Gov't under fire for lax screening of ailing companies receiving support
Korean banks are criticizing the government's allegedly lax screening of ailing companies that are selected to be recipients of state support.
2021-03-04 09:09
Management of foreigners' ID to be strengthened
Management of foreigners' ID to be strengthened
Foreigners seeking to change their personal information will be required to undergo a more stringent verification process, in a strengthened measure to better prevent identity theft, according to a bill proposed by a ruling party lawmaker, Wednesday.
2021-03-03 16:24
Korea to extend loan maturity again for pandemic-hit firms, merchants
Korea to extend loan maturity again for pandemic-hit firms, merchants
Korea's financial regulator said Tuesday local banks will extend loan maturity and delay interest payments again for smaller firms and merchants hit hard by the pandemic.
2021-03-02 19:51
Foreigners without local income likely to face mortgage ban
Foreigners without local income likely to face mortgage ban
Foreigners hoping to purchase high-priced property here without locally earned income are facing a high probability of a ban on taking out mortgages from domestic banks.
2021-03-02 16:06
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