KoreaTimes(488) - Economy, Finance, page 15

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Finance

Economy

Sat, October 19, 2019 | 18:29

Dispute heats up over inheritance system

A controversy is brewing over a government plan to ease conditions for businesses to get certain exemptions on inheritance tax. Policymakers are moving to overhaul the taxation system to support smaller firms with limited cash reserves, but some business leaders are decrying it as a move to kill any innovative spirit in the market.

Kim Bo-eun | 2019-04-22 16:01

Woori overhauls IT organization for digitization

Woori Financial Group has conducted a major IT organizational shakeup in a bid to get the upper hand in the heated digital transformation competition in the banking industry, the group said, Monday. To that end, the group has appointed the CEO of its IT affiliate Woori FIS as the bank's Chief Information Officer to give increasing weight to IT projects.

Kim Bo-eun | 2019-04-22 16:00

Korea's tax burden soars to record-high in 2018

The government's tax revenues soared to an all-time high in 2018 on rising corporate income, fueled by stronger semiconductor sales and heavier home transactions, data showed Sunday.

Lee Kyung-min | 2019-04-21 17:36

KEB Hana to foster blockchain-based tech

KEB Hana Bank is seeking to boost cooperation with Korea University to foster blockchain-based technology, the bank said Sunday.

Lee Kyung-min | 2019-04-21 17:35

Chinese firms unwelcome on Seoul bourse

Concerns are mounting among investors as more listed Chinese firms in Korea are failing to get the green light from auditors. If auditors call a company's annual report “unqualified” in their opinion, the Korea Exchange (KRX) could delist these firms from the bourse.

Jhoo Dong-chan | 2019-04-21 16:48

Mirae Asset, Korea Investment struggle in Chinese market

The nation's securities firms posted disappointing earnings in the Chinese market last year.

Jhoo Dong-chan | 2019-04-21 16:47

MetLife places priority on 'bridging the gap'

MetLife, a global insurance giant, is a mid-tier player in the Korean insurance market, but it does not care too much about enlarging its size to become a major player here. The insurer instead focuses more on delivering better, meaningful values to customers as it sees a significant opportunity to increase market share by bridging existing gaps not covered by other competito...

Kim Bo-eun | 2019-04-21 16:42

[Macro Today] Make aging population resourceful for economy

A superfast aging population - is it a curse or predetermined destiny for the economy? Every month or every other week, people hear and read news about the country that is about to face darker days ahead because of the rising elderly population. Throw in data of the elderly poverty rate, which is the highest among the OECD members, and it just gets more depressing, as if Kore...

Park Hyong-ki | 2019-04-21 09:53

FSS eyes stronger regulatory ties with ASEAN

The Financial Supervisory Service (FSS) is seeking to strengthen cooperation with counterparts in the ASEAN region, amid an increasing number of Korean finance companies doing business there. "We will continue to seek cooperation with our regional counterparts,” FSS First Senior Deputy Governor Yoo Kwang-yeol said at a meeting with domestic finance companies that are operatin...

Kim Bo-eun | 2019-04-19 22:25

Volunteering for disabled

ABL Life executives and employees pose at a facility for the disabled in Gwangju, Gyeonggi Province, Thursday, after a day of volunteer work. Every month, ABL Life chooses one day as “Sharing Day” and performs volunteer activities. / Courtesy of ABL Life

Kim Bo-eun | 2019-04-19 22:25

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