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Tue, October 24, 2017 | 11:12

Economy > Finance >

Possibility of conflict rises from 'very low levels': Moody's

"While Moody's believes that the potential for outright military conflict involving South Korea, the U.S. and possibly others in Asia remains low, it has risen from very low levels," Moody's said in a statement. "Recent developments are consistent with that view."

Finance | 2017-09-07 12:00

Kyobo Life to hold events to commemorate founder

Kyobo Life Insurance said Wednesday it will hold various events this month to commemorate the 100th anniversary of its founder Shin Yong-ho. According to the insurer, it will hold a commemorative concert at Lotte Concert Hall in Jamsil, Seoul, today. Also on Sept. 14, an academic symposium shedding light on Shin’s education philosophy will take place, followed by a photo exhi...

Finance | 2017-09-06 17:04

KOMSCO to boost medal exports

Korea Minting, Security Printing & ID Card Operation Corp. (KOMSCO) is seeking to further tap into the lucrative and growing bullion market by increasing its exports of collectible and commemorative medals made of gold and silver, the state-run currency printer said Wednesday. It will follow through with this global strategy as the country is about to become a coinless societ...

Finance | 2017-09-06 15:02

[INTERVIEW] Residential property market faces downhill

Ten years ago, very few doubted about the potential of Korea’s residential property market. If they were asked then whether they would invest their money in buying an apartment anywhere here, including the affluent Gangnam district, most would have said yes. But this is no longer the case, said Lee Han-kook, representative director of Jones Lang LaSalle (JLL) in Seoul.

Finance | 2017-09-06 09:06

US demands agro tariffs be lifted

The United States has demanded South Korea eliminate all tariffs on U.S. agricultural goods, according to a news report. Inside U.S. Trade, an online news outlet with a focus on global trade, reported last Saturday that Washington made the demand during trade negotiations with Korea at a joint committee meeting in Seoul last month. It also sought a readjustment to their free ...

Finance | 2017-09-05 16:32

Trump's misleading tweets amplify N. Korea woes

Seoul stocks open sharply lower on Pyongyang's nuke test

South Korean stocks opened sharply lower on Monday after North Korea conducted its sixth nuclear test a day earlier, escalating geopolitical tension in the Northeast Asian region. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 26.87 points, or 1.14 percent, to 2,330.82 in the first 15 minutes of trading. On Sunday, Pyongyang claimed it successfully conducted ...

Finance | 2017-09-04 10:37

US warns North Korea of 'massive' military response

US to discuss withdrawing from free trade with Korea

U.S. President Donald Trump has said he will discuss with his economic advisers the possibility of withdrawing from a free trade agreement (FTA) with Korea. He told Reuters the agreement was “very much on my mind” after surveying natural disaster-hit Houston. The Washington Post reported that Trump has ordered his economic advisers to prepare for the U.S. to withdraw from the...

Finance | 2017-09-03 14:04

Naver faces stricter antitrust rules

The country’s antitrust agency has designated Naver as a quasi-conglomerate and its founder Lee Hae-jin as the owner with significant influence over the company’s management, the Fair Trade Commission (FTC) said, Sunday. The FTC has also named four others _ SM, Hoban Construction, Dongwon and Nexon _ the same as Naver as their assets increased to over 5 trillion won. This add...

Finance | 2017-09-03 13:27

Part businessman, part politician needs to run Korea Exchange

The Korea Exchange (KRX) has begun the process of accepting applications for the post of chief executive. The market is once again watching this closely as to whether it will select a candidate with close ties to the government or an experienced businessman who can run the bourse with transparency and independence. Already, some KRX insiders are leaking to the press their des...

Finance | 2017-09-03 09:26

Battle escalates between two card issuers

Samsung Card is moving fast to catch up with Korea’s largest credit card issuer Shinhan Card, while the latter strives to widen the gap even more. According to the credit card firms’ reports, Thursday, the amount of card used at Shinhan Card grew 1.9 percent to 69.55 trillion won in the first half of the year from 68.23 trillion won the previous year. The amount included cred...

Finance | 2017-08-31 14:57

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Lunch with Navy sailors