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Fri, May 29, 2020 | 10:52

Korea aims to be leader in global procurement market

Korea aims to be leader in global procurement market

Korea is seeking to become a leader in the global procurement market by ramping up efforts to create an ecosystem whereby public programs foster sustainable, innovative growth, the head of the state-run procurement service agency said Friday.

Lee Kyung-min | 2019-11-20 17:07

No. of Korean financial firms' outlets in ASEAN soaring

No. of Korean financial firms' outlets in ASEAN soaring

The number of financial firms' outlets in ASEAN member states has nearly doubled over the past seven years, amid local financial groups' efforts to diversify their business portfolios in the rapidly growing market, data showed Tuesday.

Lee Kyung-min | 2019-11-19 17:15

Curbing housing prices

Curbing housing prices

First Vice Minister of Economy and Finance Kim Yong-beom, left, speaks about measures to curb soaring housing prices at the Export-Import Bank of Korea (Eximbank) in Seoul, Nov. 18. Kim said he will consider increasing the number of areas in Seoul where the presale price of housing is capped. Courtesy of Ministry of Economy and Finance

Lee Kyung-min | 2019-11-18 17:05

Gov't hit for meaningless evaluation of state organizations

Gov't hit for meaningless evaluation of state organizations

The Ministry of Economy and Finance came under heavy criticism for what critics call a “meaningless” evaluation of state-run organizations, Monday.

Lee Kyung-min | 2019-11-18 17:04

When statistics meet ODA

When statistics meet ODA

At the dawn of this century, the Millennium Development Goals (MDGs) were launched in the international community led by the United Nations. For the last 15 years, MDGs have been a worldwide project aimed at eradicating extreme poverty and hunger.

2019-11-17 16:30

Biz leaders in Tokyo

Biz leaders in Tokyo

Federation of Korean Industries (FKI) Chairman Huh Chang-soo, front row fourth from left, poses with Japan Business Federation Chairman Hiroaki Nakanishi, front row fifth from left, and other business leaders at the 28th meeting of Korea-Japan Business Council held in Tokyo, Friday. The two counterparts called for an end to trade and political disputes. / Courtesy of FKI

Kwak Yeon-soo | 2019-11-15 17:42

Forging closer ties with ASEAN

Forging closer ties with ASEAN

Deputy Prime Minister and Finance Minister Hong Nam-ki, fifth from left, poses with ambassadors of the Association of Southeast Asian Nations (ASEAN) member states at the Lotte Hotel Busan, Friday. Hong said the government will upgrade its New Southern Policy through the Korea-ASE...

Park Jae-hyuk | 2019-11-15 16:54

Insurers blame 'Mooncare' for higher premium

Insurers blame 'Mooncare' for higher premium

Private insurance companies and the state-run National Health Insurance Service (NHIS) have clashed over the impact of so-called “Moon Jae-in care” on the loss ratio from indemnity medical insurance products, according to industry officials, Friday.

Park Jae-hyuk | 2019-11-15 16:53

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

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