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Fri, October 29, 2021 | 02:27
BOK pressured to cut rate amid BOJ's negative rate move
The Bank of Korea (BOK) is being pressured to cut its key interest rate as Japan lowered its rate last week and the European Central Bank (ECB) is pushing for more aggressive monetary easing, analysts said Monday.
Vietnamese illegally enters Korea through Incheon airport
A 26-year-old Vietnamese man illegally entered Korea through Incheon International Airport Friday, pretending to be a transfer passenger to Japan, the airport authorities said Friday.
KKR, Shinsegae, GS compete to buy Kim's Club
U.S. private equity fund KKR and local retail giants Shinsegae and GS Retail have shown interest in buying Kim’s Club, aiming to take over its lucrative outlet building in southern Seoul, company officials and sources said Friday.
Seoul preparing to levy 'Google tax'
The government plans to exchange financial information on multinational firms doing business here with members of the OECD and G20 countries in order to make them pay appropriate taxes to countries where profits are generated, officials said Thursday. The Ministry of Strategy and Finance said that it will follow the 15 actions of the Base Erosion and Profit Shifting (BEPS) pr...
Lawmaker helps craftsmen proud of their work
Minjoo Party of Korea Rep. Chun Soon-ok used to work as a seamstress. She worked at a small clothing factory in Dongdaemun, eastern Seoul, from the age of 16, before moving to the U.K. to study labor sociology in 1989.
StanChart suggests investors to brace for changing landscape
Standard Chartered Bank Korea (SCBK) said Thursday that investors need to adapt themselves to a changing landscape this year as they face more volatile market circumstances across the globe.
Korea slipping into mire of low growth
Korea’s full-year gross domestic product (GDP) growth came in at 2.6 percent last year, the lowest in three years, deepening worries that the country is entering an era of low growth. The economy grew 0.6 percent from a quarter earlier in the final three months of the year, down from 1.3 percent quarter-on-quarter growth, the Bank of Korea (BOK) said Tuesday.
Eximbank chief eyes Iranian market
The head of the Export-Import Bank of Korea (Korea Eximbank) said the state-run lender has set its eyes on the Iranian market, as the Persian country is expected to offer more business opportunities to local exporters now that economic sanctions on the country have been lifted.
Banks' shift to meritocracy gaining speed
Shinhan Bank employee Yoo Mi-ra was promoted to a managerial post last week for her performance in wealth management. She joined the lender in 2001 as a contract teller, but outperformed other permanent employees in the competition thanks to her ability to draw rich customers.
Stocks, won rise on expectations for eurozone stimulus
Shares rose more than 2 percent and the won gained value sharply against the U.S. dollar thanks to investors’ expectations for easy money policies in the eurozone, analysts said Friday.
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