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Fri, September 30, 2022 | 21:38
Intervention in foreign exchange market will be limited
The U.S. government’s inclusion of Korea on its monitoring list of foreign exchange policies is expected to reduce room for Korean financial authorities to maneuver the won on currency markets, analysts said Monday.
YG Entertainment audited for overseas business
The tax authority launched an audit of YG Entertainment, focusing on the agency’s overseas business which accounts for more half of its revenue, company officials said Monday.
Shipbuilder restructuring takes toll on Geoje Island
GEOJE, South Gyeongsang Province - Okpo is a beautiful port in this southern island off which Admiral Yi Sun-sin defeated Japanese warships with his armada of Turtle Ships in the late 16th century. Centuries later, Daewoo Shipbuilding and Marine Engineering (DSME) has produced a wide range of ships in the port, from warships and container vessels to drill ships, for more than...
US includes Korea in its monitoring list for FX policy
The U.S. government said Sunday that it included Korea in its monitoring list for foreign exchange policies along with China, Japan, Taiwan and Germany, suspecting them of intervening in FX markets to control the value of their currencies.
Gov't mulls capital increase for state-run lenders
Finance Minister Yoo Il-ho said Wednesday that the ministry is considering a wide range of measures to increase the capital of state-run lenders, seeking to help them push for strong corporate restructuring of debt-ridden shippers and shipbuilders.
GDP grows 0.4% in Q1, lowest in three quarters
The central bank said that the nation’s seasonally adjusted gross domestic product (GDP) expanded 0.4 percent for the first three months of the year from the last quarter of 2015. This is lowest in three quarters, the Bank of Korea (BOK) said Tuesday. From a year earlier, it marked 2.7 percent growth.
Samsung Fire and Marine boasts convenient online system
Samsung Fire and Marine Insurance said Tuesday that its online system offers convenient services to customers, helping them buy policies easily and claim compensation quickly through smartphones and PCs.
Former Hanjin Shipping chief under investigation for alleged illegal stock trading
Former Hanjin Shipping Chairwoman Choi Eun-yeong and her two daughters are under investigation by the financial regulator over allegations of illegally trading shares in the firm using inside information, the regulator said Monday.
Pastor helps adoptees find biological parents through DNA testing
Pastor Kim Do-hyun is helping adoptees find their biological parents through DNA testing. He said that the tests will change the way adoptees search for their origins, which has so far relied on poorly kept documents from adoption agencies.
Top central banker vows to fight credit crunch
Bank of Korea (BOK) Governor Lee Ju-yeol said Friday that he will mobilize a wide range of measures to stabilize financial markets, if a credit crunch comes as the government pushes for strong corporate restructuring.
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