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Finance

Policies

Mon, June 1, 2020 | 14:46

For revival of southeastern region

For revival of southeastern region

Financial Supervisory Service (FSS) Governor Yoon Suk-heun, third from right, poses with executives of Hyundai Minuteness at the firm's headquarters in Changwon, South Gyeongsang Province, Thursday. He visited the manufacturer of heavy equipment components to examine how Japan's export curbs against Korea influenced small- and medium-sized enterprises in the southeastern regi...

Park Jae-hyuk | 2019-11-07 16:38

Regulators kill startups

Regulators kill startups

A growing number of fintech startups are being forced to shut down their operations due to a bureaucratic adherence to regulations and a backlash from conventional players, according to industry officials and experts, Thursday. In particular, regulations controlling new entries have prevented Korea's fintech startups from growing into bigger players, and have emerged as major...

Park Jae-hyuk | 2019-11-07 16:36

250 firms seek to enter global procurement market

250 firms seek to enter global procurement market

Over 250 Korean firms are seeking procurement opportunities around the world at a public procurement fair in Seoul, organizers of the event said Wednesday.

Lee Kyung-min | 2019-11-06 17:35

Korea aims to be leader in global procurement market

Korea to cut troop numbers to 500,000 by 2022

Korea to cut troop numbers to 500,000 by 2022

Korea will reduce the number of full-time military personnel by 80,000 over the next two years, as part of attempts to alleviate the impact from the country's declining birthrate and rapidly aging population, the finance minister said Wednesday.

Park Jae-hyuk | 2019-11-06 16:24

Foreigners' illegal short selling prevalent despite gov't punishment

Foreigners' illegal short selling prevalent despite gov't punishment

Foreign brokerages in Korea have continued to engage in illegal short selling in the domestic stock market this year despite the government's determination for a tougher crackdown against the practice.

Jhoo Dong-chan | 2019-11-05 16:20

[INTERVIEW] 'Basic market principle has no place in Korea'

[INTERVIEW] 'Basic market principle has no place in Korea'

The government's repeated attempt to regulate home prices has led to rampant speculation in the housing market as such move has only fed expectation that there is room for “further hike,” a senior economist said. People need home to live in. It is also understandable for some of them to moderately increase wealth through buying and selling homes, as part of post-retirement pl...

Lee Kyung-min | 2019-11-04 17:26

Korea's growth potential at bottom among OECD members

Korea's growth potential at bottom among OECD members

Korea's growth potential has dropped sharply to third-last among 36 advanced economies due to its falling birthrate and rapid population aging, data showed Sunday.

Lee Kyung-min | 2019-11-03 17:43

'Google tax' could be levied on Samsung, LG, Hyundai

'Google tax' could be levied on Samsung, LG, Hyundai

The government should pay close attention to the United States' suggestions on a “digital tax,” as Samsung, LG, Hyundai and other local conglomerates doing businesses there could likely end up with additional taxes, economic experts said Thursday.

Park Jae-hyuk | 2019-11-01 15:56

Experts divided over future course of BOK rate policy

Experts divided over future course of BOK rate policy

Economic experts have been split over whether the Bank of Korea (BOK) will lower its key rate further, following a 25 basis points cut by the U.S. Federal Reserve, Oct. 30 (local time). Some say the U.S. rate cut reduced the fear of foreign capital outflow from Asia's fourth-largest economy, thereby giving the BOK more room to maneuver amid declining exports and weakening con...

Lee Kyung-min | 2019-10-31 17:32

Financial authorities to refer Maeil Business chief to prosecutors

Financial authorities to refer Maeil Business chief to prosecutors

The Securities & Futures Commission decided to refer MBN and the broadcaster's three former and incumbent executives, including Maeil Business Newspaper President Chang Dae-whan, to prosecutors over their alleged accounting fraud, according to the Financial Services Commission, Thursday.

Park Jae-hyuk | 2019-10-31 15:58

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