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Wed, July 17, 2019 | 00:23

Regulator to step up oversight of bank accounts for cryptocurrency trading

The financial regulator said Wednesday it will bolster oversight of bank accounts used for cryptocurrency transactions, in the latest effort to prevent cryptocurrencies from being exploited for money laundering.

2018-06-27 15:16

NPS hit for introducing stewardship code

The National Pension Service (NPS) is facing growing criticism for introducing a stewardship code, which many financial analysts say will do more harm than good to companies it has invested in. The analysts are expressing concerns the pension fund's “meddling” in corporate decision making could make listed firms more vulnerable to speculative funds and discourage entrepreneur...

Jhoo Dong-chan | 2018-06-26 17:10

'KEPCO can endure worsening bottom line'

Korea Electric Power Corp. (KEPCO) can withstand deficits from the government's energy transition policy, but there is a need to change the electricity rating system, according to its CEO.

Yoon Ja-young | 2018-06-26 16:58

Innocean, Samsung Welstory to face tougher antitrust rules

The Fair Trade Commission (FTC) is considering toughening regulations on the intra-group trading of conglomerates. Up to 24 affiliates and 214 “daughter” companies including Hyundai Motor Group's advertising company Innocean as well as Samsung Group's food service provider Samsung Welstory may become subject to the new rules.

Yoon Ja-young | 2018-06-26 16:43

Global investors keep Samsung Biologics shares despite fraud allegations

Top foreign institutional investors are remaining faithful to Samsung Biologics shares despite an alleged accounting fraud scandal. According to financial sources, the world's largest investment management firm BlackRock and second-largest Vanguard own 539,107 and 335,277 Samsung Biologics shares, respectively. Each accounts for 0.82 percent and 0.51 percent of the firm's tot...

Jhoo Dong-chan | 2018-06-25 18:36

Bank of Korea to delay rate hikes

Worsening economic indices are putting pressure on the Bank of Korea (BOK) as it determines whether to raise the key policy rate. Some economists and analysts expect the BOK may freeze the rate until the first quarter of next year.

Kim Yoo-chul | 2018-06-25 17:03

Korea should brace for a trade war-led recession

With the tit-for-tat trade dispute between the United States and China intensifying, there are growing fears that the world will slip into an economic recession.

Kim Jae-kyoung | 2018-06-24 15:26

'440,000 jobs lost due to investment outflow'

The outflow of direct investments cost the country nearly 440,000 jobs last year, a report showed Friday. Experts say Korea should attract foreign direct investment as well as encourage domestic investments to sustain jobs.

Yoon Ja-young | 2018-06-22 16:56

Self-employed hit hard by plunging sales

The self-employed, who account for a quarter of the country's total employment, are suffering from plummeting sales amid a sluggish economy. They are facing a pessimistic outlook as consumers' disposable income stagnates while costs increase due to a steep minimum wage hike and shorter work hours.

Yoon Ja-young | 2018-06-22 16:53

KHNP to get compensation for nuclear shutdown

Korea Hydro & Nuclear Power Co. (KHNP) will be compensated by the government for the early shutdown of its aged nuclear power plant as well as the cancellation of its new reactor construction plans. Regions that will lose government subsidies for being the locations of nuclear reactors will also receive special support.

Yoon Ja-young | 2018-06-21 17:29

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