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Finance

Wed, July 8, 2020 | 14:28

Gov't advised not to be 'overly dependent' on BOK in economic crisis

Gov't advised not to be 'overly dependent' on BOK in economic crisis

The government is advised not to be “overly dependent” on the Bank of Korea (BOK) for its currency-issuing capacity in times of economic crisis. The focus should be directed on minimizing post-crisis market confusion.

Lee Min-hyung | 2020-06-29 16:50

Hit by prolonged pandemic, corporate employees continue to fall in May

The number of employees at domestic businesses employing one or more people reached 18.3 million as of the last working day of May, falling by 311,000, or 1.7 percent, from the previous year, according to the monthly data by the labor ministry.

2020-06-29 15:53

Moon urges 'aggressive' handling of global supply chain crisis

SK, Samsung vie for $238 mil. IT service deal to KDB

SK, Samsung vie for $238 mil. IT service deal to KDB

SK C&C and Samsung SDS took submitted tenders Monday for a contract to provide IT services to the Korea Development Bank (KDB) which is pursuing speedy digitization amid the rising popularity of contactless transactions, according to company officials and industry sources.

Park Jae-hyuk | 2020-06-29 15:53

Smart Policies for Smart Factories

Smart Policies for Smart Factories

How can you tell someone is smart? Just the fact that they are carrying a good laptop doesn't mean they are smart. I tell if a person is smart when the person knows their goal and knows how to use their skills and information effectively to achieve the goal.

Lee Kyung-min | 2020-06-28 17:10

'Star-studded' IPO market heats up amid high liquidity

'Star-studded' IPO market heats up amid high liquidity

South Korea's initial public offering (IPO) market is expected to continue strong momentum in the latter half based on a number of top-rated firms lining up and backed further by pent-up investor demand amid a liquidity overflow, industry watchers said Sunday.

Lee Kyung-min | 2020-06-28 17:07

Banks, telecom firms enhance ties in advent of 'data economy'

Banks, telecom firms enhance ties in advent of 'data economy'

Commercial banks here are enhancing their partnerships with telecom companies as the era of “data economy” comes closer and competition from emerging financial players gets tougher. With the so-called “three data bills” taking legal effect as of Aug. 5, companies from different industrial sectors are moving to join hands for potential synergies to develop more customer-orient...

Lee Min-hyung | 2020-06-28 17:00

[Reporter's Notebook] Why did joint prosecution team on stock crime have to be abolished?

[Reporter's Notebook] Why did joint prosecution team on stock crime have to be abolished?

Questions still linger about the Ministry of Justice's odd decision in late January this year to abolish the Stock Crime Joint Investigation Team at the Seoul Central District Prosecutors' Office. The decision was heavily criticized then by financial and legal experts over concerns that the disbandment of the team with special expertise on stock crimes would only bring benefi...

Anna J. Park | 2020-06-28 16:26

Foreign investors' grievance in Korea portrayed in new book

Foreign investors' grievance in Korea portrayed in new book

Any foreigner or institution considering making investments in Korea is advised to read a book which is a collection of articles by a former foreign investment ombudsman. “The Foreign Direct Investment & Korean Economic Policies,” published by Jeffrey In-chul Kim, now a professor emeritus of Sungkyunkwan University, discusses a wide range of topics on foreign investors' viewp...

Lee Min-hyung | 2020-06-28 10:23

Bank of Korea urged to announce specific plans to retrieve liquidity

Bank of Korea urged to announce specific plans to retrieve liquidity

The Bank of Korea (BOK) and the financial authorities here should reveal specific timelines for the plan to retrieve massive anti-coronavirus liquidity supplied to the market, as a lack of such details may end up causing mid- to long-term market confusion here, a former foreign investment ombudsman said Monday.

Lee Min-hyung | 2020-06-28 10:22

Financial Services Commission hit for 'Optimus fiasco'

Financial Services Commission hit for 'Optimus fiasco'

Attention is focusing on what appears to be the failure of the Financial Services Commission (FSC) - the authority handling financial policy - as scandals involving private equity funds continue to erupt, causing massive losses for investors.

Kim Bo-eun | 2020-06-26 17:19

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