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Thu, September 20, 2018 | 22:09

Economy > Finance >

Gov't shifting from 'income-led growth'

The Moon Jae-in administration has begun shifting its policy stance toward encouraging the private sector to invest and create jobs after a series of failures under his signature “income-led growth.”

Finance | 2018-08-12 15:32

'Retained earnings are not all cash'

Politicians and businesspeople are locking horns yet again over an issue concerning retained earnings. Retained earnings under shareholders' equity on balance sheets are the surplus from a company's net income after paying dividends to investors. Lawmakers of the ruling Democratic Party of Korea (DPK) recently claimed that companies are hoarding too much of their retained ear...

Finance | 2018-08-12 10:08

ING Korea to be renamed Orange Life

ING Life Insurance Korea (ING Korea) has decided to change its name to Orange Life.

Finance | 2018-08-09 18:50

Shinhan chief flexes global muscles for '2020 vision'

Cho Yong-byoung, chairman and chief executive of Shinhan Financial Group, is expected to head overseas on an investor relations (IR) roadshow to present the firm's plan to global investors during the second half of this year, the group said Thursday. “The group's IR team is set to go to Canada and the United States at the end of this month. Our chairman is still adjusting his...

Finance | 2018-08-09 16:12

Shinhan joins hands with KT for blockchain

Shinhan Bank has formed an alliance with KT to jointly develop a blockchain technology-based service.

Finance | 2018-08-08 17:40

Korea urged to adopt 'negative regulatory system'

The financial regulator should speed up its move toward a “negative regulatory system” in order to create an ecosystem allowing new and more innovative services, analysts and industry sources said Wednesday. They said that President Moon Jae-in's bid to ease rules on internet banks is a positive step but overhauling financial regulations at the same time is urgently needed to...

Finance | 2018-08-08 16:25

President to push forward deregulation

Economics of extreme heat

The weather is one of the key factors that determine human behavior. While there are beneficiaries and losers when the mercury shoots up, economists generally agree that the extreme heat works negatively on the economy. Hongcheon in Gangwon Province recently saw the temperature rise to 41 degrees Celsius, the highest since 1904 when the country started compiling data. As the ...

Finance | 2018-08-08 16:08

Kyobo Life celebrates 60th anniversary

Kyobo Life Insurance marked its 60th anniversary, Tuesday. Founder Shin Yong-ho started the insurance firm with only 22 million won ($19,547) of total assets in 1958. The firm has now become one of the nation's life insurance giants with combined assets of over 100 trillion won.

Finance | 2018-08-07 18:06

Won's depreciation to slow on China's measures

The Korean won's depreciation against the U.S. dollar is expected to slow down in the coming week, following China's monetary measures to stabilize its currency, analysts say. “China's measures to cushion the yuan are likely to slow not only its depreciation but also prop up the won slightly against the U.S. dollar,” said An Young-jin, an analyst at SK Securities. However, th...

Finance | 2018-08-07 13:00

Car insurance premiums to rise

Car insurance premiums are expected to rise by 3 percent to 4 percent in October as insurers are facing multiple factors that are pulling up their costs. According to sources in the industry, major insurance companies are pondering over details of the hike, such as when and how much they should raise premiums.

Finance | 2018-08-07 09:48

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Inter-Korean Summit in Pyongyang [PHOTOS]