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Wed, December 19, 2018 | 16:14

Economy > Finance >

Feud between FSC and Samsung BioLogics deepens

A feud between the Financial Services Commission (FSC) and Samsung BioLogics has been deepening as the two sides continued to trade barbs since the regulator ruled Nov. 14 that the firm violated accounting rules before the firm went public in 2016.

Finance | 2018-11-22 18:43

Korean firms raise interim dividend payout

The volume of dividends paid by leading Korean firms on the Seoul bourse has more than doubled this year.

Finance | 2018-11-22 18:43

Rigid labor poses biggest risk to economy

Militant unions and an inflexible labor market are posing the biggest risk to the Korean economy already beset by sagging domestic demand. Together with President Moon Jae-in's pro-labor policies, these unfavorable factors are dampening business confidence and scaring off foreign investors. A number of international financial organizations have been urging Korea to address an...

Finance | 2018-11-22 17:10

Income gap widens to 11 year-high

The rich have become a lot richer, and the poor have become a lot poorer as seen in the latest data from the state-run Statistics Korea. As a result, the country now faces the worst income inequality in 11 years. This is mainly because of the weakening job market, which has further reduced the disposable incomes of young, single households, the statistics agency said on Nov. ...

Finance | 2018-11-22 17:10

Citibank boasts female executive workforce

Citibank Korea is a rare financial services firm with over a third of key executive positions filled by women.

Finance | 2018-11-22 17:00

Will oil prices bounce back?

The weeks-long bearish sentiment on oil prices could significantly reverse pending the outcome of an upcoming meeting of oil producers in December, analysts in Korea said Sunday.

Finance | 2018-11-21 19:27

Eximbank supports social enterprises

Officials from Export-Import Bank of Korea and Korea Central Council of Social Enterprise pose for a photo after the state lender donated 240 million won ($212,000) to the advocacy group at the bank's headquarters on Yeouido, Nov. 20. Courtesy of Export-Import Bank of KoreaBy Lee Kyung-min The Export-Import Bank of Korea (Eximbank) said Wednesday it donated 240 million won ($...

Finance | 2018-11-21 19:26

Mirae Asset to launch private equity funds in China

Mirae Asset Investment Management in Shanghai has secured a license from the China Securities Regulatory Commission (CSRC) that will enable it to launch a private equity fund in China's capital market, according to Mirae Asset Global Investments in Seoul, Wednesday. The “private fund management” license allows a wholly foreign owned enterprise (WFOE) to set up and market fund...

Finance | 2018-11-21 16:06

Expert optimistic on Korean economy amid global slowdown

Korea will be able to weather upcoming economic woes thanks to its strong fundamentals, Bank for International Settlements (BIS) General Manager Agustin Carstens said Tuesday.

Finance | 2018-11-20 20:02

Bitcoin plunges below $5,000 for first time in 13 months

The price of bitcoin plunged below $5,000, Tuesday, reflecting deteriorated investor confidence in virtual coins. It was the first time the digital coin fell below $5,000 in 13 months. The price fell below the $6,000 level last week, and has continued its downtrend by hitting the lowest level of the year.

Finance | 2018-11-20 19:14

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Pictures of the year 2018