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On the Spot
: Kim Jae-kyoung
Wed, May 22, 2019 | 16:49
'Let evolution do its job for bitcoin'
Financial authorities should minimize any activities to regulate cryptocurrencies so they can evolve in favor of humans, according to James Rooney, vice chairman of the Seoul Financial Forum.“I do not see there needs to be regulation of cryptocurrencies per se, but simply normal enforcement of prudent social regulations that should apply to any activity, like no cheating, res...
| 2018-02-04 17:58
South Korea says no plan to kill crypto trading
Korea should brace for IT downturns
SINGAPORE - South Korea should prepare for a possible downturn in the information technology (IT) sector to ensure sustainable growth in 2018, according to the ASEAN+3 Macroeconomic Research Office (AMRO). The office cited aftereffects of the government’s income-led growth strategy, household debt and U.S. protectionism as other challenges that may prevent the Korean economy from growing at a faster pace in 2018. “Given the recent good performance, we don’t see any serious obstacles for this year’s growth. However, the faster growth of the Korean economy may require a sustained recovery in p...
| 2018-02-04 17:07
[EXCLUSIVE] South Korean envoy to Singapore sacked; reason unknown
SINGAPORE - South Korean Ambassador to Singapore Lee Sang-deok has been dismissed from his post, allegedly for his leading role in the controversial 2015 reparations deal over Japan sexual slavery of Korean women. The dismissal was confirmed by the Ministry of Foreign Affairs (MOFA), Tuesday. But it refused to explain the concrete reason for his abrupt departure. The ministry...
| 2018-01-30 15:21
Korea's bidding for KL-S'pore rail deal hits snag
SINGAPORE - South Korea’s bidding for the Malaysia-Singapore high-speed rail (HSR) deal hit a major snag as its consortium lost a couple of key participants amid the government’s lukewarm attitude toward the multi-billion-dollar project.
| 2018-01-28 18:08
Education may handicap Korea in future
SINGAPORE - A poor education system is a major stumbling block to South Korea’s future as it is undermining its talent competitiveness, according to Paul Evans, professor emeritus at INSEAD, one of the world’s leading business schools. He called on South Korean President Moon Jae-in to speed up educational reform to globalize the country’s talented young people and ensure gender equality and leadership opportunities for women.
| 2018-01-25 17:09
Should virtual coin trading be banned?
Financial markets hate uncertainty, and this uncertainty invites speculation.
| 2018-01-17 15:17
Is won on course toward 3-digit level?
With the rapid appreciation of the Korean won, concerns are brewing that the local currency will rise in value up to the three-digit level against the U.S. dollar.
| 2018-01-15 13:33
[INTERVIEW] Short track legend returns after 20 years
SINGAPORE - South Korean short track legend Chun Lee-kyung returns to the Olympics after 20 years. This time, she will set a new record not for South Korea but for Singapore and Southeast Asia. She will participate in the 2018 PyeongChang Winter Olympic Games as a coach of the one-woman Singapore national team.
Speed skaters gearing up for PyeongChang
Gov't to beef up air quality monitoring during Olympic Games
[INTERVIEW] North Korea seeks sanctions relief with olive branch: ex-US negotiator
North Korean leader Kim Jong-un's peace overture to South Korea is a calibrated strategy aimed at securing relief from sanctions, according to a former chief U.S. negotiator with North Korea.He believes Kim's offer of dialogue and to participate in the 2018 PyeongChang Winter Olympic Games was guided by three intentions.“North Korea aims to start to lay the groundwork for its...
| 2018-01-11 21:23
Fitch warns of Korea's aging population
SINGAPORE - Fitch Ratings has warned that South Korea's growth potential will see significant erosion in the coming decade unless it copes with issues caused by the aging population and low productivity.The global credit ratings agency is calling for Asia's fourth-largest economy to double up efforts to push for reform in both the labor and corporate sectors to tackle such challenges.
| 2018-01-10 17:33
4-day work week in Korea: SK starts with hope, doubt
External headwinds to decelerate Korea's growth
Small businesses cut hiring, work hours to cope with minimum wage hikes
Korea's No.1 newspaper accused of inventing experts' quotes
NongHyup, KOSCOM abandoning Huawei equipment
35 Asian cities to discuss solutions for fine dust in Seoul
Red fire ants discovered in imported stones from China
Huawei apt to be stripped of Google services after US ban
North Korea to protest cargo ship seizure at UN
JKL may need more capital for Lotte Insurance
Celebrating Korea-Czech relations
Venezuela dialysis patients face uncertain fate after power cuts
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