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Finance

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Fri, October 2, 2020 | 01:53

Controversy continues over 2nd relief fund

Controversy continues over 2nd relief fund

Women's rights group vehemently criticized the National Assembly's last-minute flip-flopping to allow operators of “adult entertainment facilities” to receive up to 2 million won ($1,710) in emergency relief, Wednesday, saying taxpayers' money should not be wasted to legitimize operation of establishments built to profit from the exploitation of women.

Lee Kyung-min | 2020-09-23 17:12

30 foreigners under probe for suspected tax evasion

30 foreigners under probe for suspected tax evasion

The National Tax Service (NTS) said Tuesday that it has launched an investigation into 30 foreign residents aged under 39 over suspicions that they purchased high-value homes without paying tax, in the latest government move to crack down on real estate speculation.

Lee Kyung-min | 2020-09-22 17:11

FSS chief stresses need to monitor climate-related risks

FSS chief stresses need to monitor climate-related risks

Financial Supervisory Service (FSS) Governor Yoon Suk-heun emphasized the need for monitoring climate-related risks Tuesday and presented a related stress test model developed by the agency.

Kim Bo-eun | 2020-09-22 16:32

State-run inquiry disclosure website rapped for poor data security

State-run inquiry disclosure website rapped for poor data security

A slew of sensitive information about police investigations into deaths and first responders' emergency response records remain available for public access on a state-run website, raising concerns about the poor management of online communication channels that disclose responses to inquiries by the public.

Lee Kyung-min | 2020-09-20 17:32

Land ministry demonstrates delivery via drones

Land ministry demonstrates delivery via drones

The Ministry of Land Infrastructure and Transport said Sunday that it has successfully demonstrated the operation of delivery drones, an achievement the ministry says will help foster the new method of delivery to meet soaring demand for contact-free services amid the COVID-19 pandemic.

Lee Kyung-min | 2020-09-20 17:18

Why foreign firms are leaving Korea

Why foreign firms are leaving Korea

The ongoing departure of foreign financial firms from Korea is drawing attention as to what is prompting their exodus and whether the government intends to address the issue. The companies are pulling out as the country's growth rate slows amid a time of prolonged low interest rates Deteriorating profits have led to a number of foreign banks - including Goldman Sachs, Barclay...

Kim Bo-eun | 2020-09-20 17:17

Gov't to provide coronavirus relief funds before Chuseok

Gov't to provide coronavirus relief funds before Chuseok

The government is seeking to begin doling out emergency handouts later this week to help people recover from the impact of nationwide efforts to stem the spread of COVID-19, officials said Sunday. Earlier this month, the government drew up its fourth supplementary budget of the year worth 7.8 trillion won (US$6.6 billion), which includes cash handouts and other relief to hous...

2020-09-20 15:54

PM stresses need to maintain nationwide virus restrictions ahead of Chuseok holidays

[ANALYSIS] Anti-coal campaign gathering force

[ANALYSIS] Anti-coal campaign gathering force

A growing number of state-run organizations are seeking to prioritize an anti-coal drive in selecting banks that will handle a combined 34.1 billion won ($29 million) in state funds. The move is part of the environmental, social and corporate governance (ESG) initiative, defined by the three central factors in measuring the sustainability and societal impact of an investment ...

Lee Kyung-min | 2020-09-20 15:32

Concerns growing over year-end stock selling spree due to shareholder qualification rule changes

Concerns growing over year-end stock selling spree due to shareholder qualification rule changes

Market concerns are growing over a possible market plunge at the end of the year, especially among small- and mid-sized cap listed companies, if the government pushes ahead with its plan to lower the bar to be considered a major shareholder.

Anna J. Park | 2020-09-18 17:34

US Fed gives BOK room for eased monetary policy through 2023

US Fed gives BOK room for eased monetary policy through 2023

The Bank or Korea (BOK) will be able to push its expansionary monetary policy for the next three years, gaining room to maneuver after the U.S. Federal Reserve clearly signaled the policy rates will be kept at “near-zero” until at least 2023.

Lee Kyung-min | 2020-09-17 17:41

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