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Wed, July 24, 2019 | 02:39

To counteract Japan's retaliation

Minister of Economy and Finance Hong Nam-ki, third from left, speaks during a ministers' meeting held at the Export-Import Bank of Korea in Seoul, Friday, to discuss countermeasures against Japan's export curbs. The minister said at the National Assembly the same day that the size of the extra budget to cope with Tokyo's restrictions could exceed 120 billion won ($101 million...

Park Jae-hyuk | 2019-07-12 15:51

With future writers

Korea Housing Finance Corp. (HF) CEO Lee Jung-hwan, center, poses with winners of the first HF Policy Mortgage Literature and Creative Writing Contest at the Federation of Korean Industries Hall on Yeouido, Seoul, Thursday. / Courtesy of Korea Housing Finance Corp.

Jhoo Dong-chan | 2019-07-11 19:49

Moon discusses Japanese trade restrictions with business leaders

President Moon Jae-in presides a meeting with business leaders from the country's 30 major companies at Cheong Wa Dae, Wednesday, to discuss measures in response to the trade restrictions imposed by the Japanese government. From left are Kumho Asiana Group Vice Chairman Lee Won-tae, Mirae Asset Chairman Park Hyeon-joo, KT CEO Hwang Chang-gyu, GS Group Chairman Heo Chang-soo, ...

Jung Da-min | 2019-07-10 23:59

Moon warns Japan not to aggravate row

Helping farmers

Korea Exchange (KRX) Management Support division head Chae Nam-ki, second row seventh from left, poses with the exchange's employees and farmers at Buksam Village in Yeoncheon County, Gyeonggi Province, Wednesday. Chae and 40 KRX workers volunteered at the village to help farmers there. / Courtesy of Korea Exchange

Jhoo Dong-chan | 2019-07-10 20:59

Job creation posts biggest growth in 17 months

Korea added more than 281,000 jobs in June, the largest year-on-year jump in 17 months since January 2018, according to Statistics Korea, Wednesday. However, the number of people who lost or could not find jobs reached 1.13 million the same month, the highest number for June since 1999.

Jhoo Dong-chan | 2019-07-10 20:59

Training for officials from Latin America

Korea Exchange Management Support division head Chae Nam-ki, eleventh from left, applauds with financial industry officials from Latin America at the agency's office in Seoul, Monday. Under the topic of “Sustainable Capital Market,” Chae and guests from Latin America will discuss a wide range of financial topics including foreign direct investment during the five-...

Jhoo Dong-chan | 2019-07-08 21:28

FSC to launch taskforce for Lone Star suit

The Financial Services Commission (FSC) will launch a taskforce that will focus on affairs relating to financial disputes, the regulator said Sunday. The taskforce, scheduled to begin operation on July 19, is set to deal with the Lone Star suit with the government.

Kim Bo-eun | 2019-07-07 16:52

Japan's loan denial unlikely to have effect'

The chief of the Financial Services Commission (FSC) said possible economic retaliation measures by Japan will likely leave Korean companies and financial markets unaffected. His remarks came as concerns are growing that Japanese banks could refuse to roll over maturing debts and extend new loans for Korean entities, in addition to curbs on exports of semiconductor supplies t...

Kim Bo-eun | 2019-07-07 16:52

Chaebol struggle to find solution to Japan's exports curb

[INTERVIEW] Moon urged to adjust economic policies

The government needs to exercise flexibility in revising its income-led growth and other policies given the circumstances of the local economy, according to the chief of the Institute for Global Economics (IGE). This was a comment on the government pushing through minimum wage hikes that came as a shock to small businesses, and have adversely affected employment growth.

Kim Bo-eun | 2019-07-07 09:59

Gov't cuts growth outlook to 2.4-2.5%

The government lowered its 2019 growth forecast for the Korean economy by 0.2 percentage points to a range of 2.4 percent to 2.5 percent Wednesday, citing sagging private investment and sluggish exports amid the prolonged trade war between the United States and China. The figure is down from the previous estimate of 2.6 percent to 2.7 percent made in December. The economy gre...

Kim Bo-eun | 2019-07-03 16:56

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