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Mon, August 15, 2022 | 04:09

Not returning to foreign exchange band

Minister of Strategy and Finance Yoon Jeung-hyun has made it clear that Korea will continue to float its currency on the open market even though there is growing skepticism on the safety of the country's currency exchange system in the increasingly volatile international financial market.

2010-06-04 16:02

Korea has competitive support system for small firms

Small-and medium-sized enterprises (SMEs) have made a remarkable contribution to promoting industrial productivity and leading economic growth. Small businesses and their entrepreneurship have been a primary source in providing jobs and building economic growth,

2010-06-04 15:29

G-20 to find middle ground on bank levy

G-20 to find middle ground on 'bank levy'

Jong-eun2010-06-03 21:08

Seoul to speak up for IMF reform at Busan meeting

After a tough ride on an airplane through heavy turbulence, passengers often give warm applause to their pilots and enjoy a certain feeling of caramaderie among themselves. "We have made it through together!" they may think. It is the comradeship that only a life-and-death situation can give.

Jong-eun | 2010-06-03 21:03

World faces 8 paradigm shifts in post-crisis era

The significance of the economic crisis from which the world is beginning to emerge cannot be overstated. We have just witnessed the first global recession since World War II (Exhibit 1). But it would be a mistake for businesses to assume that economic recovery will mean a return to business as usual.

Jong-eun2010-06-03 17:51

Kookmin leading industry through innovation

KB Kookmin Bank is unarguably the leading bank in the country. Its total asset stands at 273.8 trillion won ($265 billion), and it is serving 26.5 million customers through 1,195 branches nationwide, meaning more than half of all Koreans are its customers.

Jong-eun | 2010-06-03 17:44

Citibank pursues growth through differentiation

Citi was the first and is the largest foreign financial firm in Korea. Citi started business as the first foreign bank in Korea in 1967, when the country's per capita gross domestic product (GDP) was merely $142. Since then, Citi has accompanied the country in achieving economic and industrial growth.

Jong-eun | 2010-06-03 17:40

Can G-20 fix world economy?

South Korea, desperately craving global attention, has been engaging in a shopping spree for mega international events over the past two decades, and the next big exposure comes in November.

Jong-eun | 2010-06-02 19:44

US, Japan face similar challenges with Europe

As we approach the Korea G-20, it seems clear that we are entering a new economic order. Many of the largest emerging nations, especially the so-called BRICs , are showing signs of very strong cyclical recovery from the crisis, while at the same time, many of the Western economies are struggling to maintain sustainable recoveries without the involvement of substantial governm...

Jong-eun2010-06-02 19:36

SC serves Korean firms abroad

Standard Chartered (SC) has grown exponentially over the last five years since the U.K.-based banking group acquired Korea First Bank in September 2005. Now it plans to reach out to more customers with its international network and localization strategy.

2010-06-02 18:58

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