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Sat, October 20, 2018 | 13:45

Economy >

For deregulation

Financial Services Commission Vice Chairman Kim Yong-beom, third from left, speaks at a meeting at the Government Complex in Gwanghwamun, Seoul, Friday. Members of a special taskforce set up under the regulator discussed deregulation measures in a bid to foster financial market development. / Yonhap

Photo News | 2018-10-19 20:40

KEB Hana upgrades corporate internet banking

KEB Hana Bank said Friday that it has overhauled its corporate internet banking service to increase user convenience.

Finance | 2018-10-19 17:33

Jobs for soldiers

KB Kookmin Bank CEO Hur Yin delivers a keynote speech at the KINTEX exhibition center in Illsan, Goyang, Gyeonggi Province, Friday, during a job fair for soldiers who are about to complete their military service. The bank and the Ministry of Patriots and Veterans Affairs hosted the fair, inviting 5,000 soldiers and 50 companies. Courtesy of KB Kookmin Bank

Photo News | 2018-10-19 15:18

Gov't to announce fuel tax cut next week to counter price hikes

South Korea's government will announce cuts in fuel tax rates to help ease cost pressures felt by small businesses and ordinary people, the country's top economic policymaker said Friday.

Policies | 2018-10-19 15:14

Who will lead Woori's holding company?

Woori Bank will be holding a board meeting Oct. 26 to check on its progress in transforming into a financial holding company, according to officials. But also, the board members may discuss whether to have a chairman and a bank chief executive, or a single leader allowing for one top decision-maker to run both the holding company and the bank. Some potential candidates for th...

Finance | 2018-10-19 12:52

KB listed DJSI for 3 consecutive years

KB Financial Group has been listed on the Dow Jones Sustainability Indices (DJSI) that recognizes companies with sustainable business practices for three consecutive years. The group was also named as Korea's best firm in the financial sector on the indices.

Finance | 2018-10-18 20:58

US-China feud unlikely to subside

Trade disputes between the United States and China are not likely to subside in the near future as Washington is expected to continue applying pressure on Beijing, analysts say. They expect that the Trump administration will further make China's foreign exchange transactions transparent and open its market for U.S. imports.

Finance | 2018-10-18 17:31

BOK cuts 2018 growth outlook to 2.7%

The Bank of Korea (BOK) lowered its economic growth forecast for 2018 and 2019 to 2.7 percent, Thursday, due to sluggish investment amid lingering uncertainties both domestic and abroad. The bleak outlook came after the central bank decided to keep its key interest rate at 1.5 percent at the seven-member monetary policy committee meeting headed by BOK Governor Lee Ju-yeol.

Finance | 2018-10-18 17:28

Korea's corporate tax rate 7th highest in OCED

Korea's corporate tax rate was the seventh-highest among 36 economically advanced countries, data showed Thursday.

Finance | 2018-10-18 17:28

Winning innovation award

Jang Hyeon-ki, center, head of Shinhan Bank's digital strategy, holds a trophy after winning the Efma Accenture Innovation Award at an event hosted by Efma and Accenture at the Altis Grand Hotel in Lisbon, Portugal, Wednesday. Shinhan Bank was recognized for developing and providing customized chatbot services. Courtesy of Shinhan Bank

Photo News | 2018-10-18 16:26

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Hurricane Michael