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On the Spot
Thu, June 27, 2019 | 16:46
More Koreans default on card payment
An increasing number of people are defaulting on credit card payments as they struggle with stagnant income growth amid a tight job market, and soaring living costs, according to plastic card issuers, Friday.
| 2019-04-26 17:44
4 major financial groups post lower profit in card business
Credit card units of Korea's four largest financial groups posted a combined 242.2 billion won ($209 million) net profit in the first quarter of 2019, a 12.1 percent drop from a year earlier, data showed Friday.
| 2019-04-26 17:20
Blockchain pushes banks to evolve
A growing number of banks are seeking to apply blockchain-based technology to their products in a bid to provide more convenient and faster services for consumers.
| 2019-04-24 17:39
Korea vows to enhance 'capacity building' at WCO
Korea has vowed to take a leading role in fostering talented customs officials worldwide by capitalizing on its unique experience and knowhow in “capacity building” in administration.
| 2019-04-24 17:16
Tax administration in digital transformation
On March 27 in Santiago, Chile, National Tax Service (NTS) Commissioner Han Sung-hee delivered a presentation on the subject of “Future Tax Administration Using AI Technology and Big Data” while 53 other tax commissioners from across the world, and representatives of the international bodies the International Monetary Fund (IMF) and World Bank were present.
| 2019-04-24 16:01
Fostering overseas investment
Woori Financial Group Chairman Sohn Tae-seung, left, and Kazakh Invest Deputy CEO Rustam Issatayev sign a memorandum of understanding at a business forum attended by business leaders of both countries in Kazakhstan, April 22. The two agreed to provide financial and administrative support for companies investing in their respective countries. Courtesy of Woori Financial Group
Public firms urged to break glass ceiling
A total of 129 public institutions will be required to set up plans to increase the number of ranking female officials, the government said Tuesday. The move comes after a number of private firms are progressing towards gender equality, a much-prioritized value among leading global firms, especially in the financial industry.
| 2019-04-23 18:49
Korean firm probed over alleged customs law violation
Korea Customs Service (KCS) said Monday that it is investigating a Korean shipping company suspected of having forged customs papers in an apparent attempt to help move petrochemical products from its ship onto a North Korean vessel.
| 2019-04-23 16:59
High-income YouTubers seek tax avoidance strategy
A growing number of high-income YouTubers are seeking various ways to avoid taxes, as the nation's tax agency has stepped up efforts to crack down on them amid a rapid rise in their income.
| 2019-04-22 19:28
BOK lowers growth outlook to 2.5%
The Bank of Korea (BOK) has cut its 2019 economic growth outlook to 2.5 percent citing worse-than-expected exports and sagging investor sentiment. The figure was down from an earlier forecast of 2.6 percent in January and 2.7 percent in October 2018. “Facility and construction investment in the first quarter has been weaker than forecast previously,” BOK Governor Lee Ju-yeol ...
| 2019-04-22 19:28
Job fair for foreign students to be held in October
Foreign students in Korea to be exempted from new health insurance system
GRAPHIC IMAGE: Photos of drowned migrant and 2-year-old child stir outrage [PHOTOS]
P&G, Henkel, SC Johnson hit for ignoring safety accord
Actress Go Won-hee reveals she had plastic surgery
Seoul City Tour Bus offers on-board dining
One Korean tourist dead, another injured after structure collapse in Georgia
Kim Jong-un is flexible, resolute: Moon
Moon, Saudi crown prince agree to expand bilateral ties
FSS to focus on narrowing down digital divide
Celebrating Korea-Czech relations
Daily life of Pyongyang
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