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Sat, August 13, 2022 | 23:52

Koreans setting example for development

Yes, in 2009 the Republic of Korea became the 24th member nation of the Organization for Economic Cooperation and Development's (OECD) Development Assistance Committee (DAC) and therefore the first nation ever to go from an aid recipient to a donor state. There are currently quite a few key figures that fill Korean hearts with pride, demonstrating the "Miracle on the Han Rive...

2010-06-07 19:40

No consensus on universal bank tax

BUSAN ― Finance ministers failed to reach consensus on universal bank levy during their meeting that ended here, Saturday.

Jong-eun | 2010-06-05 22:26

Yoon relieved; Geithner piqued; Osborne (U.K.) learning and Flaherty (Canada) triumphant

Korea's Finance Minister Yoon Jeung-hyun, who chaired the Busan G20 meeting of finance ministers and central bank governors, said that the most significant outcome from the Busan meeting for him was the meeting itself ― that it was the first G-20 meeting to be hosted by an emerging market economy, and was held successfully.

Jong-eun | 2010-06-05 22:23

Busan G-20 meeting calls for sustainable growth

Busan ― Finance ministers of G-20 nations Saturday agreed to intensify their efforts to realize "strong, sustainable and balanced" growth.

Jong-eun | 2010-06-05 22:21

Woori aims to be worldwide player

Korea has cranked out a handful of global enterprises such as Samsung Electronics, LG Electronics and Hyundai Motors.

2010-06-04 16:50

KEB official bank for World Cup

When it comes to one of the most widely-recognized commercial catch phrases in business circles, "size does matter" is always high on the list, even within the banking sector.

2010-06-04 16:49

KoFC seeks to become savior for SMEs

The Korea Finance Corporation (KoFC) was spun off from the Korea Development Bank (KDB) last October, as the state-run lender's first step toward privatization.

2010-06-04 16:48

From ‘Korea discount’ to Korea premium

South Korea has enjoyed greatly enhanced international status in recent years. The country's raised profile was perhaps epitomized when U.S. Treasury Secretary Timothy Geithner went out of his way to greet and shake hands with Finance Minister Yoon Jeung-hyun during the meeting of G-20 finance leaders in Washington in April.

2010-06-04 16:43

Lessons from Korea’s financial crisis

The Asian financial crisis of 1998, which started in Thailand and quickly spread throughout Asia, engulfed Korea with an overwhelming losses and a sense of despair. The excessive leverage brought about by control of the financial markets by the political apparatus resulted in tremendous losses to the financial system and a need for deep and broad restructuring of corporate K...

2010-06-04 16:16

Going back to basics key to preventing crisis

Over the past decade, the global economy has enjoyed an unprecedented boom period marked by financial innovation, low inflation and rapid growth. However, global imbalances and persistently low-interest rates led to rapid credit expansion and overleveraging, which subsequently created vulnerability in the financial system.

2010-06-04 16:12

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