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Thu, April 26, 2018 | 05:16

Economy > Policies >

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

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

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

Korea, US fail to agree on forex market interventions

The nation's finance minister discussed with his U.S. counterpart over how to disclose the Korean government's interventions in the foreign exchange market, but they have failed to reach a conclusion.

Policies | 2018-04-22 18:15

[INTERVIEW] KGCCI chief vows to focus on job creation

Kim Hyo-joon, BMW Group Korea chairman, who was recently named chairman of the Korea-German Chamber of Commerce and Industry (KGCCI), said he will do his best to create more jobs here. “German companies have invested a great deal in Korea, which is more than 10 trillion won ($9.37 billion) on a cumulative basis, and have created more than 100,000 jobs here. And I will make mo...

Policies | 2018-04-20 17:10

Korea, IMF coordinate over disclosure of forex market interventions

The country's finance minister discussed with the International Monetary Fund (IMF) chief over how to disclose the government's interventions in the foreign exchange market. The IMF chief said the disclosure won't cause unwanted consequences.

Policies | 2018-04-20 17:09

Korea locked in employment paradox

South Korea has been trapped in a paradox of employment. Domestically, the more effort the government makes, the more difficult it is for young people to find decent jobs. In other words, President Moon Jae-in's job policies are limiting the creation of new, quality jobs in the private sector.

Policies | 2018-04-18 19:10

Germany offers clues to job breakthroughs

Unemployment has become President Moon Jae-in's biggest headache.

Policies | 2018-04-18 19:09

Korea locked in employment paradox

Is FSS cursed with unruly heads?

The nation's top financial monitor has lost its two chiefs in less than seven months over a series of scandals. Public attention is now centered on who will lead the troubled Financial Supervisory Service (FSS). The main opposition Liberty Korea Party has conducted its political offenses with two former FSS heads, Choi Heung-sik and his successor Kim Ki-sik, getting in the wa...

Policies | 2018-04-18 18:36

Dropping 'jeonse' prices perplex homeowners

The massive supply of new apartments in and around Seoul is pulling down “jeonse” prices, adding to the concerns of housing investors who use deposits from tenants as leverage. Market watchers warn such leveraged investments will inevitably lead to financial losses for owners.

Policies | 2018-04-18 17:09

Housing downturn weighs on furniture, material firms

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Missile attack on Syria