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Finance

Wed, July 15, 2020 | 08:25

Samsung SDS wins mega KDB deal

Samsung SDS wins mega KDB deal

Samsung SDS was chosen as the preferred negotiator for Korea Development Bank's (KDB) IT system management project, a deal valued at an estimated 287 billion won ($239 million).

2020-07-03 16:38

Gov't on alert over rising meat price

Gov't on alert over rising meat price

Vice Finance Minister Kim Yong-beom, center, presides over a meeting on the nation's strategic growth at the Seoul Government Complex, Friday. He said the ministry will keep a close eye on rising beef and pork prices. Meat prices have been on the rise, as households consume more livestock products amid the COVID-19 pandemic. Courtesy of Ministry of Economy and Finance

2020-07-03 16:37

Gov't to closely monitor beef, pork prices amid soaring demand

Gov't to closely monitor beef, pork prices amid soaring demand

South Korea will closely monitor prices of beef and pork amid soaring demand, Vice Finance Minister Kim Yong-beom said Friday. Consumer prices of beef and pork jumped 16.4 percent and 10.5 percent on-year, respectively, in June, according to data released by Statistics Korea.

2020-07-03 09:58

SK Biopharm hits daily ceiling on 1st trading day

SK Biopharm hits daily ceiling on 1st trading day

On the first day of SK Biopharmaceuticals' trading on the nation's benchmark KOSPI, the biopharma company's stock price reached a daily price limit soon after the stock market opened Thursday.

Anna J. Park | 2020-07-02 16:54

FSS urges banks to keep supporting small businesses

FSS urges banks to keep supporting small businesses

Financial Supervisory Service (FSS) Governor Yoon Suk-heun, right, speaks during a morning meeting with CEOs of eight major banks at the Korea Federation of Banks in central Seoul, Thursday. The FSS governor asked the bank chiefs to continue to provide various types of financial support to small business owners amid the COVID-19 economic downturn. / Courtesy of FSS

Anna J. Park | 2020-07-02 16:53

'Tax burden will be alleviated for investors'

'Tax burden will be alleviated for investors'

The vice finance minister on Thursday defended the government's plan to introduce a capital gains tax following a strong backlash from investors.

2020-07-02 16:47

Hong Kong capital exodus forces Korean banks to initiate 'Plan B'

Hong Kong capital exodus forces Korean banks to initiate 'Plan B'

Korea's commercial and state-run lenders are keeping a close eye on a possible mass capital outflow from Hong Kong, as political and trade disputes between the United States and China appear to be worsening.

2020-07-02 16:30

US Congress targets banks, ramping up fight for Hong Kong rights

Former BOK exec to attract HK firms to Busan

Former BOK exec to attract HK firms to Busan

A former Bank of Korea deputy governor started leading Busan's efforts to become Asia's next premier financial hub by attracting global financial firms leaving Hong Kong.

2020-07-02 15:07

Eximbank finances COVID-19 programs in Ethiopia

Eximbank finances COVID-19 programs in Ethiopia

The Export-Import Bank of Korea (Eximbank) said Thursday it is providing $70 million through the Economic Development Cooperation Fund (EDCF) to Ethiopia for COVID-19-related programs.

2020-07-02 13:35

'Gov't tax scheme may cause fund outflow'

'Gov't tax scheme may cause fund outflow'

The government's plan to impose a hefty capital gains tax on wealthy stock investors in 2023 will drive local investors with substantial funds out of the country, slowing down the already underperforming financial market of Asia's fourth-largest economy, market analysts said Wednesday.

2020-07-01 17:33

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