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Tue, November 20, 2018 | 14:30

Economy > Finance >

Economy losing steam on falling investment

The Korean economy is showing clear signs of a further slowdown as companies continue to reduce investment amid low consumer confidence beset possibly by state policy misguidance. According to Statistics Korea, Tuesday, the country's facility investment dropped 1.4 percent in August from the previous month. It decreased 0.3 percent in July.

Finance | 2018-10-02 16:14

Meeting with biz leaders

National Tax Service Commissioner Han Sung-hee, second from left, speaks at a meeting with members of the Korea Chamber of Commerce and Industry (KCCI) at the KCCI building in Seoul, Monday. From left, Hyundai Group Chairwoman Hyun Jeong-eun, Han, KCCI Chairman Park Yong-maan and Samsung Electronics Vice Chairman Yoon Boo-keun. Business leaders asked the government to expand ...

Finance | 2018-10-01 21:11

Korean investors rush to buy property in London

Korea's major asset managers, including the National Pension Service (NPS), are rushing to purchase commercial properties abroad, particularly in London. The move is seen as their effort to diversify their investment portfolios amid low interest rates and market volatility.

Finance | 2018-10-01 16:50

Yen's fall undermines Korean exports

The value of the Japanese yen is expected to further weaken against the Korean won as investors are increasingly unloading their yen-denominated assets amid Japan's prolonged “super-easy” monetary policy, according to analysts. The Bank of Japan's below-zero interest rate that is widening with the U.S. Fed's rate and expectations of Prime Minister Shinzo Abe continuing a fisc...

Finance | 2018-10-01 15:54

Shinhan Card seeks to become digital leader

Shinhan Card CEO Lim Young-jin said Monday that the credit card company has to completely change its DNA in order to embrace the new digital era. Celebrating its 11th anniversary at its headquarters in Seoul, the chief executive told his employees to practice thinking outside the box as it seeks to change its organizational culture to become a “platform company” under the “De...

Finance | 2018-10-01 15:30

KB seeks to innovate corporate culture

Low-ranking female workers at KB Kookmin Bank will no longer be required to wear uniforms starting next year, after the firm relaxes its dress code as part of its initiative to change its rigid top-down corporate culture.

Finance | 2018-09-30 17:22

Property rings alarm bell to growth

Korea has been issued a fresh warning by a global development bank over the country's overheated property market ignited by loose credit policies in recent years. The Asian Development Bank (ADB) said in its recent outlook report that Asia's fourth-largest economy will slow down further this year and in 2019 not only because of the U.S.-China trade conflict, but also due to i...

Finance | 2018-09-30 16:45

[Macro Today] Work hard, die poor

There is a new saying in town, or better yet what many prefer to say “silver town,” as the country's population grows older and shrinks. “Study hard, work harder and die poor.” This deviates from what many used to embrace and find hope in their senior years after committing and sacrificing their youth to long working hours - work hard, play hard.

Finance | 2018-09-30 10:09

MKIF shareholders may raise fee issue

Macquarie Korea Asset Management will remain as the manager of an infrastructure fund it has been managing for 16 years _ the Macquarie Korea Infrastructure Fund (MKIF). This comes as the fund's shareholders rejected a proposal by Platform Partners Asset Management to replace Macquarie with KORAMCO REITS Management & Trust, which had agreed to manage the fund at one-eighth of Macquarie's management fees.

Finance | 2018-09-27 18:27

Will semiconductor boom continue?

The debate about the future course of the nation's semiconductors is intensifying. Believing the supercycle of semiconductor shares has come to an end, global investment banks (IBs) have claimed since the second quarter that their share prices will soon plunge and underperform the market. Domestic analysts, however, protest their pessimism, insisting the nation's semiconductor makers will post solid sales in the second half of the year.

Finance | 2018-09-27 16:53

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