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Thu, November 14, 2019 | 12:59
Trade ministry to prepare for Brexit uncertainties
Trade ministry to prepare for Brexit uncertainties
South Korea's trade ministry said Wednesday it will thoroughly prepare for the anticipated departure of Britain from the European Union (EU) to minimize potential negative impacts on local exporters. The Ministry of Industry, Trade, and Energy hosted a seminar on the outlook of the European market to discuss ways to better prepare for Europe-related risks throughout 2019.
2019-01-30 15:10
Korea to provide more incentives to foreign firms
Korea to provide more incentives to foreign firms
South Korea's industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is seeking FDI projects that utilize advanced technologies and m...
2019-01-29 09:47
Korea publishes bond market guidebook in English
The 136-page book titled "Korea Exchange Fixed Income Market Guide" includes key information and tips for offshore investors and overseas bond-issuing institutions that they should know when entering the Korean bond market, according to the Korea Exchange (KRX).
2019-01-28 16:12
FSC chief warns of ballooning household debts
FSC chief warns of ballooning household debts
Korea is facing growing downsize risks from ballooning household debt as more and more families are feared to default on their loans amid rising interest rates, stagnant income growth, housing market downturn and other unfavorable conditions, the head of the country's financial regulator said Sunday.
Jhoo Dong-chan | 2019-01-27 17:21
More taxes for homeowners
More taxes for homeowners
Minister of Land, Infrastructure and Transport Kim Hyun-mee, center, speaks during a press conference at the Government Complex in Seoul, Thursday, on this year's appraised price for standard detached homes. The ministry appraises more than 200,000 detached homes that can be deemed as standard homes in January and announce the appraised prices of them. This year's appraised p...
Nam Hyun-woo | 2019-01-24 17:07
UN forecasts global economic growth around 3 percent in 2019
The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects. The U.N.'s report on the World Economic Situation and Prospects 2019 also stresses that economic growth is uneven and often doesn't rea...
2019-01-22 11:45
  • South Korean economy grows 2.7 percent in 2018: BOK
South Korean economy grows 2.7 percent in 2018: BOK
South Korean economy grows 2.7 percent in 2018: BOK
The South Korean economy grew at the slowest pace in six years in 2018 as shrinking corporate investment weighed heavily on Asia's fourth-largest economy, central bank data showed Tuesday.The nation's economy expanded 2.7 percent on-year in 2018, slowing down from 3.1 percent the previous year, according to the advance estimate by the Bank of Korea.
2019-01-22 11:42
Corporate watchdog claims Apple exploited local mobile carriers
Corporate watchdog claims Apple exploited local mobile carriers
South Korea's corporate watchdog claimed that U.S. tech giant Apple Inc.'s practice of shifting the cost of advertisements to mobile carriers can be deemed an abuse of power, a document released on Monday showed. The Fair Trade Commission (FTC) has been investigating Apple's suspected abuse of its leverage over the country's three mobile carriers - SK Telecom Co., KT Corp., a...
2019-01-21 10:36
President Moon declares move toward 'hydrogen economy'
President Moon declares move toward 'hydrogen economy'
President Moon Jae-in officialized a move to build a so-called hydrogen economy Thursday, one day after the government announced an ambitious plan to increase the number of hydrogen-powered vehicles in the country to 80,000 in less than four years."Our government's determination to (build) a hydrogen economy is firm," the president said during a visit with leaders from hydrog...
2019-01-17 15:37
  • South Korea seeks to produce 6.2 million hydrogen cars by 2040
Non-life insurers urged to pioneer new markets
Non-life insurers urged to pioneer new markets
General Insurance Association of Korea Chairman Kim Yong-duk said non-life insurers should now look for new markets to overcome their deteriorating business environment.
Jhoo Dong-chan | 2019-01-16 17:00
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