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Sun, August 19, 2018 | 09:52

Economy > Finance >

KTB invests W180 bil. in office building in Belgium

KTB Investment & Securities invested 180 billion won ($159.6 million) to acquire an office building inside Brussels International Airport in Belgium, the brokerage said Sunday.

Finance | 2018-08-06 09:19

NPS suffering from falling investment return

The National Pension Service (NPS), which manages the 635 trillion won retirement fund of its 21.2 million subscribers, is suffering from falling investment return. An internal crisis which led to the absence of top fund managers is behind the poor performance, adding to the concern of subscribers who have left their life after retirement in their hands.

Finance | 2018-08-03 17:30

Korea suffers record service account deficit in 1st half

The country's services account posted a record deficit of nearly $16 billion in the first half of the year, according to the Bank of Korea (BOK), Friday. The record comes as the country saw a sharp decrease in the number of inbound tourists especially from China amid diplomatic tension over the United States' deployment of an antimissile system here. The poor performance in t...

Finance | 2018-08-03 17:12

New stocks fail to hit jack pot

Firms are failing to attract investors for their initial public offerings (IPOs) amid the nation's sluggish stock market which is undergoing a correction, leading to a lowering of their opening share prices.

Finance | 2018-08-03 16:26

Bithumb may lose leading status

The nation's largest crypto exchange Bithumb is likely to lose its leading status as it has ceased creating real-name virtual accounts due to its failure to renew a contract with NongHyup Bank.

Finance | 2018-08-03 16:25

Hana urged to revamp profit structure

Hana Financial Group needs to revamp its profit structure by bolstering its non-banking businesses for sustainable growth, analysts say. The advice came as the nation's third-largest banking group's record-high performance for the first six months of this year was driven mostly by its flagship subsidiary KEB Hana Bank.

Finance | 2018-08-03 16:25

Economy vulnerable to chip downcycle

Exports grew 6.2 percent to about $51.9 billion in July from a year earlier, despite the trade dispute between the United States and China, according to the Ministry of Trade, Industry and Energy. This marks the second highest after Asia's fourth largest economy posted $5.5 billion in exports in September last year. This is all thanks to semiconductors led by Samsung Electron...

Finance | 2018-08-02 16:33

Here lies self-employed

Park opened his first restaurant in 1999 selling pork belly in Seongnam, Gyeonggi Province. With five employees and his college-aged son helping out, the business was running smoothly in the beginning. But soon, it became “competitive and ugly,” Park said. On the street where he opened his business, a number of other pork belly restaurants started to pop up, leading to a pric...

Finance | 2018-08-01 17:35

IBK to enhance digital services

Industrial Bank of Korea (IBK) Chief Executive Kim Do-jin said Tuesday the bank needs to look beyond its home ground and conventional business territory for growth. In an event to celebrate the 57th anniversary of its foundation at its Seoul headquarters, Kim said the bank needs to change and become one that focuses on providing digital financial services. “We need to leave o...

Finance | 2018-08-01 17:16

Shinil suspected of multiple cases of financial fraud

An outlandish tale about a sunken Russian “treasure ship,” which a Korean firm claimed to have found, is turning into a web of fraudulent and deceitful practices to rake in money through false information and stock price manipulation.

Finance | 2018-08-01 17:14

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Italy Bridge Collapse