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Finance

Tue, November 24, 2020 | 07:03

Stock markets' uncertainty over U.S. election cleared

Stock markets' uncertainty over U.S. election cleared

With Joe Biden's projected election win for the U.S. presidency, eyes are now on how the news will affect Korean stock markets and the foreign currency market. The U.S. stock market has been on an upward trend during the past week, with the Nasdaq index going by 7.9 percent during the past five trading sessions from 11,020.90 at last Monday's closing to 11,895.23 at Friday's ...

Anna J. Park | 2020-11-08 17:05

Gas prices stabilize

Gas prices stabilize

A man stands next to a gas pump at a gas station in Seoul, Sunday. Gasoline prices nationwide have continued to decrease for 11 straight weeks, as the retail gasoline price for the first week of November dropped to 1,322.2 won ($1.18) per liter, down by 5.7 won from the previous week. / Yonhap

Anna J. Park | 2020-11-08 17:05

UN recognizes Shinhan's sustainable finance efforts

UN recognizes Shinhan's sustainable finance efforts

The global community has recognized Shinhan Financial Group's efforts for sustainable finance.

Park Jae-hyuk | 2020-11-08 16:12

Unclear, repetitive spending plans on Korean New Deal raises concerns

Unclear, repetitive spending plans on Korean New Deal raises concerns

Many state-run projects that had their budgets allocated as part of the Korean New Deal have little to no relevance to the broader policy objectives, fanning concerns that taxpayers' money could be wasted on repetitive work without accountability, an Assembly Committee report said Friday.

Lee Kyung-min | 2020-11-06 16:26

Why is Naver offering banking services outside of Korea?

Why is Naver offering banking services outside of Korea?

Attention is focusing again on why the country's IT giant Naver has forgone offering mobile banking services here and has instead ventured out to other markets in Asia, after Naver launched its first mobile banking service via its subsidiary Line in Thailand.

Kim Bo-eun | 2020-11-06 15:53

Major investment banks revise up Korea's growth outlook on recovery hopes

Major investment banks revise up Korea's growth outlook on recovery hopes

Major foreign investment banks (IBs) have upgraded their forecasts for South Korea's economic growth for 2020 on growing expectations for an economic recovery, a report showed Friday.

2020-11-06 09:32

Biden victory may create unfavorable business conditions for Korea

Biden victory may create unfavorable business conditions for Korea

Democratic Party candidate Joe Biden is very clear to declare his win over incumbent President Donald Trump and if Biden officially takes the Oval Office, he will push for trade, economic policies with political conditions attached, forcing Korea to walk a tightrope between the U.S and China, a state think tank said Thursday.

Lee Kyung-min | 2020-11-05 17:13

Biden will be better for Korean economy

KIC chief to work for Seoul's financial hub vision

KIC chief to work for Seoul's financial hub vision

Korea Investment Corporation (KIC) CEO Choi Hee-nam has vowed to do his best to attract foreign financial companies to Korea and improve the country's competitiveness in finance to fulfill his duties as an ambassador for financial cooperation.

Park Jae-hyuk | 2020-11-05 17:00

Biden will be better for Korean economy

Biden will be better for Korean economy

With U.S. Democratic presidential candidate Joe Biden inching closer to electoral victory, Korea is putting more of its economic hopes on his possible presidency, recognizing it as a major stimulus for growth in trade and exports here.

Lee Min-hyung | 2020-11-05 16:59

Local market on alert against worst-case scenario

Local market on alert against worst-case scenario

Market participants are keeping a close eye on the U.S. presidential election, with Democratic presidential candidate Joe Biden inching closer to the magic figure of 270 Electoral College votes while President Donald Trump moves ahead with his plan for a massive legal battle.

Park Jae-hyuk | 2020-11-05 16:55

Biden will be better for Korean economy

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