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Fri, April 27, 2018 | 00:23

Economy >

Companies study N. Korea for biz opportunities

As South and North Korea head toward peace, more businesses are trying to learn about the North. Construction companies, which are expecting mega-scale infrastructure investment projects in the country, are especially interested in learning more.

Policies | 2018-04-26 16:29

GDP grows 1.1% on strong exports in 1Q

The Korean economy expanded 1.1 percent in the first three months of 2018 from the previous quarter on strong exports by semiconductor makers and robust facility investments, the data showed Thursday.

Policies | 2018-04-26 16:47

'Korail, SR should be run separately for users'

The government's move to integrate the country's high-speed train operators is leading to concern it is overlooking the consumer benefits that have greatly increased thanks to competition between the two players.

Policies | 2018-04-26 09:04

Woori moving to downsize workforce

Woori Bank has decided to implement a voluntary retirement program primarily to reduce the number of senior managers, despite its record profits over the past year.

Finance | 2018-04-25 15:32

IBK agrees to buy Mitraniaga bank in Indonesia

Industrial Bank of Korea (IBK), the country's leading lender, will acquire a controlling stake in Indonesia's PT Bank Mitraniaga Tbk.

Finance | 2018-04-25 16:26

Shareholders urged to stop Korean Air owner family

As the irregular behaviors of Korean Air Chairman Cho Yang-ho's daughters are tarnishing the corporate image, small investors are demanding other large shareholders including the National Pension Service (NPS) actively exercise their voting rights to stop the family members and pull up the corporate value.

Investigations | 2018-04-24 16:27

Corporate watchdog probing unfair biz practices at Korean Air

SC Bank Korea launches keyboard banking

Following development of fintech, local banks are engaged in a fierce battle in the mobile sector. Some of them scrapped fees while launching remittance services that do not require cumbersome authentication. Others launched an AI-based banking platform, where customers can make financial transactions as if conversing with bank tellers. They have become banks in customers' ha...

Finance | 2018-04-24 16:23

US gov't inspects Korean banks over compliance issues

Financial authorities in New York plan to inspect seven Korean banks operating there as they are suspected of failing to meet compliance guidelines.

Policies | 2018-04-24 16:34

Samsung ordered to change byzantine ownership

Samsung Group is coming under increasing pressure to overhaul its web-like corporate structure, with the country's top financial regulator officially pushing the corporation to simplify its cross-holdings system.

Policies | 2018-04-23 15:22

Finance minister seeks upgrading of sovereign credit ratings

The country's finance minister requested global credit rating agencies to reflect lessening geopolitical tension in its sovereign ratings.

Policies | 2018-04-23 16:46

Missile attack on Syria