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Wed, August 5, 2020 | 11:25

[INTERVIEW] US-China feud may continue after 2020

[INTERVIEW] US-China feud may continue after 2020

Korea should map out a long-term strategy to cope with potential impacts from the trade dispute between the U.S. and China as the feud is expected to last well beyond 2020, a U.S. economics expert said Sunday.

Lee Kyung-min | 2019-08-18 16:50

Seoul on alert over Hong Kong protest

Seoul on alert over Hong Kong protest

The nation's financial regulators are keeping a close eye on Hong Kong as the intensifying protest in Asia's financial hub has been regarded as another threat to the Korean financial market and economy.

Park Jae-hyuk | 2019-08-18 16:13

Major Korean firms suffer earnings shock

FTC struggling to collect fines

FTC struggling to collect fines

The Fair Trade Commission (FTC) has collected less than half the fines levied on corporations in 2018, raising questions about whether the corporate watchdog lacks the authority to enforce penalties.

Kwak Yeon-soo | 2019-08-15 16:45

[INTERVIEW] Yuan on course toward 7.5 per dollar by year-end

[INTERVIEW] Yuan on course toward 7.5 per dollar by year-end

The Chinese yuan is expected to weaken to as low as 7.5 per U.S. dollar this year as a result of the escalating trade dispute between the two largest economies, a noted global economist forecast, Thursday.“ The yuan is depreciating to reflect the higher tariffs in the U.S. market - 22 percent of total exports. The yuan-dollar exchange rate is likely to reach 7.5 this year,” A...

Kim Bo-eun | 2019-08-15 14:07

BOK governor gets second A rating from US magazine

BOK governor gets second A rating from US magazine

Bank of Korea (BOK) Governor Lee Ju-yeol received an A grade from the U.S.-based Global Finance magazine's central bank governor rating for two consecutive years.

Kim Bo-eun | 2019-08-15 14:07

Revitalizing economy

Revitalizing economy

Deputy Prime Minister Hong Nam-ki speaks during an economic-related ministers' meeting at the Seoul Government Complex, Wednesday. Hong announced the government will speed up the spending of 16.5 trillion won worth of social overhead capital to build infrastructure in the second half of the year. He also hinted the government will ease regulations to boost the nation's constr...

Jhoo Dong-chan | 2019-08-14 17:59

Economy adds more jobs, but quality continues to worsen

Economy adds more jobs, but quality continues to worsen

The nation added 299,000 jobs in July, the highest figure in 18 months, but the number of unemployed people remained high at 1.09 million, government data showed Wednesday.

Jhoo Dong-chan | 2019-08-14 17:59

FSS to look into DLS investment-related losses

FSS to look into DLS investment-related losses

The financial authorities will look into a set of high-risk, high-yield financial products sold by the nation's top commercial banks following complaints from customers who claim they are likely to suffer losses due to the lenders' “irresponsible marketing.” According to the Financial Supervisory Service (FSS), Tuesday, a team of officials will investigate the sales process a...

2019-08-13 17:03

KIC also urged to stop investing in Japan

KIC also urged to stop investing in Japan

The Korea Investment Corp. (KIC) is facing the same pressure as the National Pension Service (NPS) to stop investing in Japanese companies involved in Japan's wartime slave labor. It was revealed Friday that the sovereign wealth fund invested 463.4 billion won ($380 million) in 2018 in 46 Japanese firms with ties to wartime forced labor during the 1910-45 Japanese occupation ...

Park Jae-hyuk | 2019-08-13 15:52

'Fundamentals of Korean economy strong'

For efficient tax administration

For efficient tax administration

National Tax Service (NTS) Commissioner Kim Hyun-jun, front row third from right, pledges allegiance to the national flag with heads of regional tax offices at NTS headquarters in Sejong, Aug. 12. As part of its efforts to improve the tax administration, the tax agency has launched a new unit to crack down on overseas corporate tax evasion. Courtesy of NTS

Lee Kyung-min | 2019-08-12 17:44

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