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Fri, August 14, 2020 | 03:09

Korea's breadwinners keep losing jobs

Korea's breadwinners keep losing jobs

The number of jobs for breadwinners, mostly those in their 30s and 40s in the manufacturing sector, continued to drop in November, while jobs for those in their 60s and older have been on the increase, data showed Wednesday.

Lee Kyung-min | 2019-12-11 17:20

Korea aims to become leader in global customs services

Korea aims to become leader in global customs services

Korea is seeking to become a leader in global customs services by offering solutions to complex international clearance procedures in a bid to foster trade relations between local businesses and partner nations worldwide, the head of the state-run customs service agency said Tuesday.

Lee Kyung-min | 2019-12-10 17:50

[Reporter's Notebook] Financial authorities indifferent to ASEAN financial center

[Reporter's Notebook] Financial authorities indifferent to ASEAN financial center

Korea's financial authorities have come under fire for taking an indifferent attitude toward the Korea-ASEAN Financial Cooperation Center which will be established in Jakarta, Indonesia, in 2020. The establishment of the envisioned financial control tower was the Korea-ASEAN Commemorative Summit's only outcome regarding the financial sector.

Park Jae-hyuk | 2019-12-10 16:57

Seoul's home prices to continue on upward spiral

Seoul's home prices to continue on upward spiral

Prices of apartments in Seoul are expected to rise for the sixth consecutive year in 2019, the longest winning streak in history for owners, due to the mixture of a supply shortage and ample liquidity in the market, according to experts, Tuesday. The continued rise, they said, indicates that the government's anti-speculation measures, including heavier taxes and stricter rule...

Kim Bo-eun | 2019-12-10 10:57

KDB, Eximbank, NongHyup to offer $5 billion to LG Chem

KDB, Eximbank, NongHyup to offer $5 billion to LG Chem

The Korea Development Bank, the Export-Import Bank of Korea and NongHyup Bank agreed to loan up to $5 billion to LG Chem over the next five years for the battery maker to invest in its secondary cell production facilities worldwide, the Financial Services Commission (FSC) said Monday.

Park Jae-hyuk | 2019-12-09 16:58

Seoul to suffer sharpest decline in labor force by 2040: WTO

Seoul to suffer sharpest decline in labor force by 2040: WTO

Korea's workforce will face the world's sharpest decline by 2040 because of the country's declining birthrate and aging population, according to a report issued Monday. The World Trade Report 2019, released by the World Trade Organization (WTO), said the nation's population in 2040 will be the same as that of last year, but the workforce will have declined by 17 percent.

Lee Min-hyung | 2019-12-09 16:43

S. Korea bolsters readiness to quell financial volatility amid US-China trade war

S. Korea bolsters readiness to quell financial volatility amid US-China trade war

"In case of a rise in volatility, the government will cope with its contingency plan," Kim told the meeting." If there is a sharp fluctuation in the foreign exchange market, the government will take steps to stabilize the market in a timely manner," Kim said.

2019-12-09 10:26

Korean official to join OECD fiscal affairs committee board

Korean official to join OECD fiscal affairs committee board

The Ministry of Economy and Finance said Monday that the Organization for Economic Cooperation and Development (OECD) had appointed Ko Kwang-hyo, a senior official at the ministry, as an advisory board member of its Committee on Fiscal Affairs (CFA).

Lee Kyung-min | 2019-12-09 10:25

G20 meeting in Saudi

G20 meeting in Saudi

Kim Hoe-jeong, second row fourth from right, deputy minister for international affairs at the Ministry of Economy and Finance, poses with participants in the G20 Finance and Central Bank Deputies Meeting in Riyadh, Saudi Arabia, Saturday. They discussed key agendas for the G20 Finance Ministers' and Central Bank Governors' meeting which will take place in February in the same...

Park Jae-hyuk | 2019-12-08 16:50

Korea losing high-ranking posts in AIIB

Korea losing high-ranking posts in AIIB

Korea lost another high-ranking position in the Asian Infrastructure Investment Bank (AIIB), despite its contribution of 4.2 trillion won ($3.5 billion) to the China-led multinational development bank that aims to support the building of infrastructure in the Asia-Pacific region.

Park Jae-hyuk | 2019-12-08 16:50

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