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Sat, December 9, 2023 | 01:47
Roach bashes US over FX policies on China
A noted global economist said it was wrong for US to press China to revalue its currency to solve their own economic problems.
KB chief plans to cut workforce by 10%
WASHINGTON — KB Financial Group Chairman Euh Yoon-dae said that the banking group will restructure around 2,000 senior employees or about 10 percent of its workforce “through attrition” in order to make it financially strong enough for overseas expansion.
Korea uses Dana deal to buffer currency volatility
The government has used the Korea National Oil Corp. (KNOC) to buy dollars for its bid to take over a British oil explorer in order to slow the falling of the won-dollar exchange rate, an official at the state-owned Export-Import Bank of Korea (EXIM Bank) said Friday.
S. Korea sees currency war as political gimmick
WASHINGTON ― The buzz word in the global financial world is the “currency war,” which the United States is allegedly waging with other Western countries against China.
Yoon calls for IMF reform despite resistance
South Korea's finance minister said IMF reform should be the top priority for the G20 meetings, despite a Saudi opposition.
Boiling capital market revives bank taxs attraction
Boiling global capital market is making countries rethink about the need to adopt macro-prudential tools such as the global bank levy, top South Korean officials say.
Global currency war deepening
The escalating “currency war” between the United States, China and Japan is encouraging Korea and other nations to thoroughly review their foreign exchange rate regimes.
Is Korea’s fiscal health sound?
The national debt has once again become a hot debate issue for the Korean economy, as lawmakers attacked the Ministry of Strategy and Finance for its optimism on the debt level of the state and state-owned firms.
Only 1 in 4 elderly live with childern
Only one in four people aged over 64 lives with their children as Korea rapidly becomes an aging society
Liquidity rally may send KOSPI above 1,900 level
Improving corporate performance and expectations for a stronger currency are the Korean stock market’s major attractions to overseas investors, analysts said Sunday.