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Sat, December 2, 2023 | 15:24
Korea to introduce bank tax
Reversing its position in less than 24 hours, the finance ministry confirmed Thursday that it was going to launch a bank levy.
Unemployment rate falls for 2nd straight month
The private sector created some 430,000 jobs in November, pulling down the unemployment rate for the second consecutive month to 3 percent from 3.3 percent in October and 3.4 percent in September.
Korea expects 5% growth in 2011
The Ministry of Strategy and Finance has set the target for economic growth in 2011 at 5 percent, which is higher than an earlier forecast of 4.5 percent by the Bank of Korea and the International Monetary Fund.
Should auto insurers take all blame and fold?
Losses will snowball at Korea’s car insurance firms over the winter as they suffer from record-high, yet still increasing, claims this year.
Biofuel may be mandatory for trucks
The government may make the use of biofuel mandatory in trucks and other heavy vehicles from as early as 2012.
A game of chicken: Lotte fried over ethics debate
It’s lunchtime at Lotte Mart in Yeongdeungpo, Seoul, Thursday. A dozen people are gathered at the takeout food corner and they do not look happy.
Disgraced Kumho chief back in action
The return of Park Sam-koo at the helm of Kumho Asiana Group and his increasing public appearances are raising expectations of a fast restructuring of Korea’s ninth largest conglomerate by asset.
Deutsche may face $105 mil. in fine over option trading
Korean financial regulators have identified the source of suspicious trading of KOSPI shares on Nov. 11, dubbed “option terrorism” in the financial industry, as accounts belonging to Deutsche Bank registered in Hong Kong and London.
Korean workers hardworking but inefficient
Korea has the most hard-working but least efficient workforce among the 30 OECD nations, but its productivity is improving fast, government research showed Wednesday.
A scion from one of Korea’s wealthiest families has tested the truth of the power of money and is now paying the price