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Mon, April 22, 2019 | 02:44

Economy > Finance >

Korea's tax burden soars to record-high in 2018

The government's tax revenues soared to an all-time high in 2018 on rising corporate income, fueled by stronger semiconductor sales and heavier home transactions, data showed Sunday.

Finance | 2019-04-21 17:36

KEB Hana to foster blockchain-based tech

KEB Hana Bank is seeking to boost cooperation with Korea University to foster blockchain-based technology, the bank said Sunday.

Finance | 2019-04-21 17:35

Chinese firms unwelcome on Seoul bourse

Concerns are mounting among investors as more listed Chinese firms in Korea are failing to get the green light from auditors. If auditors call a company's annual report “unqualified” in their opinion, the Korea Exchange (KRX) could delist these firms from the bourse.

Finance | 2019-04-21 16:48

Mirae Asset, Korea Investment struggle in Chinese market

The nation's securities firms posted disappointing earnings in the Chinese market last year.

Finance | 2019-04-21 16:47

MetLife places priority on 'bridging the gap'

MetLife, a global insurance giant, is a mid-tier player in the Korean insurance market, but it does not care too much about enlarging its size to become a major player here. The insurer instead focuses more on delivering better, meaningful values to customers as it sees a significant opportunity to increase market share by bridging existing gaps not covered by other competito...

Finance | 2019-04-21 16:42

[Macro Today] Make aging population resourceful for economy

A superfast aging population - is it a curse or predetermined destiny for the economy? Every month or every other week, people hear and read news about the country that is about to face darker days ahead because of the rising elderly population. Throw in data of the elderly poverty rate, which is the highest among the OECD members, and it just gets more depressing, as if Kore...

Finance | 2019-04-21 09:53

FSS eyes stronger regulatory ties with ASEAN

The Financial Supervisory Service (FSS) is seeking to strengthen cooperation with counterparts in the ASEAN region, amid an increasing number of Korean finance companies doing business there. "We will continue to seek cooperation with our regional counterparts,” FSS First Senior Deputy Governor Yoo Kwang-yeol said at a meeting with domestic finance companies that are operatin...

Finance | 2019-04-19 22:25

Volunteering for disabled

ABL Life executives and employees pose at a facility for the disabled in Gwangju, Gyeonggi Province, Thursday, after a day of volunteer work. Every month, ABL Life chooses one day as “Sharing Day” and performs volunteer activities. / Courtesy of ABL Life

Finance | 2019-04-19 22:25

Hana, private equity funds bid for Lotte Card

Hana Financial Group and a couple of private equity funds have submitted bids to take over Lotte Card, according to news reports, Friday.Private equity funds such as MBK Partners and Hahn & Company have handed in their acquisition proposals that included their plans for employment and investment.

Finance | 2019-04-19 22:06

Will BigHit go public with BTS fever?

K-pop sensation BTS has topped the U.S. Billboard 200 Album chart with its latest album “Map of the Soul: Persona” and is likely to do the same in the U.K.'s Official Albums Chart.

Finance | 2019-04-19 16:30

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