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Tue, October 4, 2022 | 16:49
Samsung Fire & Marine prevents cars from being flooded
Samsung Fire & Marine Insurance said Friday the company had put together a special team before the nation’s rainy season that will work to prevent customers’ cars from being flooded.
Corporate profitability improves slightly amid low oil prices
The sales of mid-size and large companies dropped slightly in the first quarter, but their profitability improved on low oil prices, helping them be sustainable in an era of low growth, the Bank of Korea said Thursday.
LVMH tops luxury goods company rankings
LVMH, a parent company of more than 60 luxury brands including Louis Vuitton and Bulgari, topped the world rankings of luxury goods makers by sales, a global consulting company said Monday.
Average household has net assets worth W360 mil.
An average Korean household had net assets worth 360 million won last year, but only one-quarter of them are financial assets that can be managed freely, far lower than in other advanced countries, official data showed Tuesday.
BOK unexpectedly cuts rate to 1.25%
The Bank of Korea (BOK) unexpectedly cut its key interest rate to 1.25 percent from 1.5 percent, Thursday, to boost the sluggish economy and contain any negative impact from corporate restructuring.
Mirae Asset signs to buy Waikiki resort for $780 mil.
Mirae Asset Global Investments clinched a deal earlier this month to buy Hyatt Regency Waikiki Beach Resort & Spa for $780 million from U.S. asset manager Blackstone Group, sources familiar with the deal said Wednesday.
IMF recommends fiscal, monetary stimulus
The Korean government should implement additional fiscal stimulus and the central bank should adopt monetary easing policies to fight low growth and weak external conditions, the International Monetary Fund (IMF) said Wednesday.
Climate finance, new revenue source for banks
Banks should set their sights on climate finance, which is a major revenue development opportunity, according to Robert Barker, head of sustainable investments at BNP Paribas.
Is FTSE index reliable?
The credibility of the Financial Times Stock Exchange (FTSE) index is in question as one of the most renowned global indexes caused confusion in the local market by deciding to exclude a loss-making clothing company from its Global Equity index, three months after it had included the stock on its list, analysts said Friday.
Codes Combine to be excluded from FTSE index
The Financial Times Stock Exchange (FTSE) index said Thursday it will exclude Codes Combine from its Global Equity Index because the local clothing company is under Korea Exchange (KRX) surveillance.
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