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Finance

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Wed, January 22, 2020 | 18:28

Seoul to infuse W100 trillion to innovative firms

Seoul to infuse W100 trillion to innovative firms

South Korea's financial regulator said Thursday it will offer innovative firms and small- and medium-sized enterprises (SMEs) loans worth 100 trillion won (US$88.5 billion) over the next three years.

2019-03-21 13:36

Korea relies too heavily on key export items: report

Korea relies too heavily on key export items: report

South Korea's dependence on key products for exports was nearly double that of major exporters in 2018 due mainly to its prowess in the chip industry, a report said Tuesday. The country's "product concentration of exports" stood at a 20-year high of 137.2 last year, 1.8 times the average of 77.9 for the world's 10 largest exporting countries, according to the report by the Ko...

2019-03-19 10:37

NPS, KNOC at bottom in 'mutual growth' rating

NPS, KNOC at bottom in 'mutual growth' rating

Eight state-run institutions including the National Pension Service (NPS), the Korea National Oil Corporation (KNOC) and Korea Coal Corporation (KOCOAL) were rated poor in their corporate partnership performance in 2018, the Ministry of SMEs and Startups said Sunday.

Baek Byung-yeul | 2019-03-17 17:00

FSS chief vows to create fair financial market

FSS chief vows to create fair financial market

Financial Supervisory Service (FSS) Governor Yoon Suk-heun pledged to root out unfair trade practices in financial markets, Tuesday. His remarks came in a speech, where he addressed officials of member companies of the American Chamber of Commerce (AMCHAM) and European Chamber of Commerce in Korea (ECCK), at the Lotte Hotel.

Kim Bo-eun | 2019-03-12 16:52

Domestic policies hamper Korea's growth: Moody's

Domestic policies hamper Korea's growth: Moody's

Domestic economic policies such as the minimum wage hike are impeding Korea's economic growth, according to Moody's Investors Service. Korea Times fileMinimum wage hike blamed for sagging job marketBy Kim Bo-eunDomestic economic policies such as the minimum wage hike are impeding Korea's growth, Moody's Investors Service said Friday, citing it as one of the key factors for it...

Kim Bo-eun | 2019-03-08 16:45

Korea's per capita income surpasses $31,000

Korea's per capita income surpasses $31,000

The South Korean economy grew by a six-year low of 2.7 percent last year due to sluggish corporate investment, but its per capita income surpassed US$30,000 for the first time, preliminary data by the central bank showed Tuesday. The revised 2018 reading by the Bank of Korea (BOK) is on par with its earlier estimate of 2.7 percent growth released in January.

2019-03-05 09:31

KEB Hana bows to pressure from regulator

KEB Hana bows to pressure from regulator

Hana Financial Group appears to have bowed to pressure from the Financial Supervisory Service (FSS) as it has decided to dump the current head of its flagship banking unit who has a thorny relationship with the regulator.

Jhoo Dong-chan | 2019-03-01 17:39

NPS hit for losing pensioners' money

NPS hit for losing pensioners' money

The National Pension Service (NPS) is facing growing criticism for its disappointing fund management in 2018. Critics claim the state pension agency concentrated too much on introducing a stewardship code while neglecting its earnings in fund management.

Jhoo Dong-chan | 2019-03-01 17:34

Korea's exports fall 11.1% in February

Korea's exports fall 11.1% in February

South Korea's exports moved down 11.1 percent in February from a year earlier, government data showed Friday, due to the falling global prices of chips coupled with the slowing Chinese economy. Outbound shipments came to US$39.56 billion for last month, down from the $44.52 billion posted a year earlier, according to the data compiled by the Ministry of Trade, Industry and En...

2019-03-01 10:51

Homeplus REIT to be listed next month

Homeplus REIT to be listed next month

Homeplus will list its real estate investment trust (REIT) on the nation's main bourse next month. Korea Retail Asset Management, which will be in charge of Homeplus REIT's management, said Wednesday it aims to make public the REIT on March 29.

Jhoo Dong-chan | 2019-02-27 17:26

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