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Finance

Policies

Wed, August 5, 2020 | 11:50

Korea facing growing unemployment concerns

Korea facing growing unemployment concerns

Major businesses in Korea cited unemployment and underemployment as the greatest risks they face, amid worsening external circumstances as well as domestic policies hampering recruitment.

Kim Bo-eun | 2019-10-08 17:17

For greener growth

For greener growth

Kim Hoe-jeong, left, deputy minister for international affairs at the Ministry of Economy and Finance, poses with participants in the Green Climate Fund's (GCF) Private Investment for Climate Conference at the Grand Hyatt Incheon, Tuesday. Kim said the government expects GCF members to finance the fund to deal with climate change. Second from right is former U.N. Secretary-Ge...

Park Jae-hyuk | 2019-10-08 16:37

KAL, Asiana earn W1.8 tril. from selling mileage to card firms

KAL, Asiana earn W1.8 tril. from selling mileage to card firms

Korean Air and Asiana Airlines have earned nearly 2 trillion won ($1.67 billion) by selling air mileages to credit card companies since January 2016, government data showed Sunday.

Jhoo Dong-chan | 2019-10-06 17:26

Buy Korea

Vice Minister of Economy and Finance Kim Yong-beom, second from right, speaks during a roundtable meeting with 30 foreign investors at the Dorchester Hotel in London, Thursday (local time). Kim said there was no concern about deflation in Korea, emphasizing the country's strong resilience to external shocks. / Courtesy of Ministry of Economy and Finance

Park Jae-hyuk | 2019-10-04 15:56

Boosting ties with Cambodia

Boosting ties with Cambodia

Public Procurement Service Administrator Jung Moo-kyung, front row left, holds his copy of a signed memorandum of understanding while shaking hands with his Cambodian counterpart at the finance ministry of Phnom Penh, Oct. 2 (local time). Under the agreement, Korea will help the S...

Lee Kyung-min | 2019-10-03 17:21

Sustainable biz protects firms from future risks

Sustainable biz protects firms from future risks

For traditional pure profit-oriented businesses, protecting the environment and promoting equality may appear an irrelevant choice. Yet sustainable businesses, which incorporate these values, can also make sense from a financial point of view, an expert in the field said.

Kim Bo-eun | 2019-10-03 17:03

Shinhan Card to introduce facial recognition payment service

Shinhan Card to introduce facial recognition payment service

Shinhan Card is set to introduce a facial recognition service through which cardholders can pay without a credit card or smartphone app, according to the Financial Services Commission (FSC), Thursday.

Jhoo Dong-chan | 2019-10-03 17:00

Fear of deflation looming larger amid slowdown

Fear of deflation looming larger amid slowdown

Concerns about deflation - a decline in the general prices of goods and services - are spreading fast after government data Tuesday showed consumer prices fell for two consecutive months in September, a first in the country's history.

Lee Kyung-min | 2019-10-01 17:18

Bank of Korea under fire for misusing budget

Bank of Korea under fire for misusing budget

The Bank of Korea (BOK) has come under public criticism since it was revealed to have used the government budget ― not its own welfare fund ― to offer personal mortgage loans to its employees at extremely low interest rates.

Park Jae-hyuk | 2019-10-01 16:58

Production, investment, consumption grow in Aug.

Production, investment, consumption grow in Aug.

The economy has shown signs of a mild recovery as indices for the nation's production, consumption and investment all improved in August. Experts, however, said that this monthly data should not be taken as signs of a sustainable rebound as the economy is facing both local and international unfavorable factors.

Jhoo Dong-chan | 2019-09-30 19:24

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