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Finance

Economy

Mon, August 19, 2019 | 20:58

Redenomination: boon or bane?

Currency reform, more specifically “won redenomination,” has again become a political hot potato in Korea. Ever since the country joined the OECD, redenomination, which aims to change the face value of won banknotes and coins from 1,000 to 1, has become a major issue whenever a new administration takes office.

Lee Kyung-min | 2019-04-15 16:48

Stock transaction tax cut to be applied June 3

The government will lower the stock transaction tax rate of the KOSPI and KOSDAQ by 0.05 percentage points starting June 3, the finance minister said Sunday. Minister of Economy and Finance Hong Nam-ki made the remarks in a press conference in Washington, D.C., where he attended a meeting of finance ministers and central bank governors of G20 nations.

Kim Bo-eun | 2019-04-14 17:42

[INTERVIEW] 'I want to redress twisted images of stock analysts'

A series of movies have been released not only in Hollywood but also in Korea, portraying the lives of stockbrokers and market analysts.

Jhoo Dong-chan | 2019-04-14 16:39

Gov't to draw another measure for economy

The Ministry of Economy and Finance will soon draw and implement another measure for local exporters to revive the economy, Finance Minister Hong Nam-ki said in Washington, D.C., Saturday. The move comes amid growing fears that the already sagging Korean economy could bear the brunt of the global slowdown. Hong told reporters on the sidelines of the G20 finance ministers' mee...

Park Hyong-ki | 2019-04-14 16:29

Shinhan chief heads for IR roadshows

Shinhan Financial Group Chairman Cho Yong-byoung has left for investor roadshows (IR) in Toronto and San Francisco to meet with and attract potential institutional investors, the group said Sunday.

Park Hyong-ki | 2019-04-14 16:19

Chip shares on course toward rebound

Fear is prevalent among investors regarding the share prices of semiconductor manufacturers after Samsung Electronics and SK hynix posted disappointing earnings for the first quarter, but market analysts remain positive on their future.

Jhoo Dong-chan | 2019-04-14 16:05

Hanwha Life celebrates 10th anniversary in Vietnam

Hanwha Life Insurance celebrated its 10th anniversary in the Vietnamese market.

Jhoo Dong-chan | 2019-04-12 19:30

NongHyup Life scrambling to turn around

NongHyup Life Insurance, NH Financial Group's life insurer unit, is on alert mode after it suffered over 100 billion won ($87.7 million) worth of net loss last year. It was the first time for the insurer to post a loss since the firm was established in 2012.

Jhoo Dong-chan | 2019-04-12 19:29

Card firm workers delay strike

A coalition of union workers at card firms decided to delay a strike, Friday, on condition the government revises the recently strengthened regulations to cut card transaction fees.

Lee Kyung-min | 2019-04-12 17:34

Jeonju fails to win financial hub status

Jeonju, North Jeolla Province, has failed to meet key criteria to become the country's third financial center after Seoul and Busan, the government said Friday.

Lee Kyung-min | 2019-04-12 17:28

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