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Wed, June 29, 2022 | 23:02
Balancing economy amid external uncertanities
External uncertainties intensified in recent months as the developed economies are troubled with the sovereign debt problems. We think the U.S. and Euro area are hovering dangerously close to a recession – defined as two consecutive quarters of contraction – over the next 6 - 12 months.
Transfer your risks to insurers
An insurance company’s key responsibility is to accept individual risks, put the risks together in a “pool” and then manage the risks. So why is this fact important to you? It’s important to you because a large insurer with significant financial assets, a big customer base, and expert risk management is able to absorb financial risks, and, you, as an individual consumer, shou...
Korea needs family-friendly corporate culture
I recently visited the U.S. Department of Commerce, home to Select USA, America’s investment promotion agency. At about 5 p.m., I noticed two women pushing tandem strollers of about ten babies through the building. They were from the U.S. Department of Commerce’s daycare center, and the babies were being brought back to their parents.
Volatility in stock market
Following the collapse of the local stock market triggered by a U.S. credit rating downgrade, the biggest question among investors both at home and abroad is whether the Seoul bourse has bottomed out.
Failed Woori bid credit negative
On Aug. 17, Korea’s Public Fund Oversight Committee announced that only one bidder submitted a preliminary bid to acquire the government’s stake in Woori Finance Holdings (WFH), the parent of Korea’s second-largest bank, Woori Bank
A repeat of 2008 crisis is unlikely
It’s not exactly pretty out there. Financial markets have traded in such violent fashion of late that even hardened investors wonder whether we are headed into another major bust.
Global recession posing key risk
The process of markets cooling off dramatically in the last several weeks represents a fundamental reevaluation of growth expectations. From a starting point of assuming global growth was robust, markets are now asking the question, is a developed world recession about to unfold? Clearly the odds have risen in recent weeks.
’Korea is building new horizons’
On July 6, 2011, PyeongChang was announced as the host city for the 2018 Winter Olympics. It will be the first Winter Games in Asia since the 1998 Games in Nagano, Japan. After 10 long years of preparation and two previous failed attempts for 2010 and 2014, PyeongChang beat out two of Europe’s strongest winter sport nations, Germany and France, with 65 votes against Munich’s...
Boom in budget flghts
The popularity of low-cost airlines is going sky high now in Korea as more and more people look for cheap plane tickets and affordable holidays amid the economic slowdown.
Korea needs to lower corporate tax rate
Without a doubt, investment functions as an engine for economic growth. Yet, low growth is stunting the Korean economy due to squeezed investment.
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