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Fri, May 24, 2019 | 21:30

Finance >

Transport minister cornered by angry bed town residents

Transport Minister Kim Hyun-mee is facing growing criticism from residents of commuter towns adjacent to Seoul for her introduction of plans for additional exurban communities.

Policies | 2019-05-23 16:24

Income gap narrows as top 20% earnings drop

The income gap between the rich and the poor has narrowed as the government pushed to boost social protection and financial support for the bottom 20 percent. This also comes as the monthly income of the top 20 percent dropped in the first quarter of this year, the first fall in 13 fiscal quarters.

Policies | 2019-05-23 17:14

Gov't aims to make Seoul 'fintech test bed'

The government is planning to make Seoul a “fintech test bed,” designating fintech its top priority among finance policies, according to the country's financial regulator, Thursday.

Non-banks | 2019-05-23 17:05

Regulator faces criticism for scolding SoCar CEO

Financial Services Commission (FSC) Chairman Choi Jong-ku is under criticism from the startup community for calling SoCar CEO Lee Jae-woong “rude and selfish.” The regulator chief has ramped up rhetoric against Lee after his meeting with local bankers, telling the press that Lee should show some respect to taxi drivers.

Markets | 2019-05-23 17:14

YG shares plunge amid massive shorting

YG Entertainment is experiencing a double whammy as investors are short selling shares in the entertainment agency amid the Seungri fiasco.

Markets | 2019-05-23 17:49

MBK makes another comeback victory

MBK Partners has proven its competitiveness once again by coming from behind in the race to win the bidding for Lotte Card.

Non-banks | 2019-05-23 16:32

Myanmar investment seminar for SMEs

Industrial Bank of Korea (IBK) Chairman Kim Do-jin, fourth from left, poses with Myanmar's Minister of Investment and Foreign Economic Relations U Thaung Tun, fourth from right, Myanmar Ambassador to South Korea U Thant Sin, third from right, and other dignitaries representing Myanmar at a Myanmar Investment Seminar for Korean SMEs, at the Korea Chamber of Commerce and Indust...

Banks | 2019-05-23 17:06

Remodeling Myanmar school

Woori Card CEO Jeong Won-jai, second from right, poses with teachers at an elementary school in Mandalay, Myanmar, Tuesday. Jeong, his employees and Woori Finance Myanmar workers started remodeling and rebuilding the school as part of their social contribution activities. Courtesy of Woori Card

Non-banks | 2019-05-23 17:15

Dark clouds loom over economy

The state-run Korea Development Institute (KDI) has revised the country's growth forecast to 2.4 percent from 2.6 percent, the think tank said Wednesday. The reason behind the downward projection was the same as others given by the OECD and Moody's Investors Service.

Markets | 2019-05-22 17:01

Insurers, banks seek opportunities in 'petconomy'

Insurers, banks and card firms are moving to capture opportunities in the pet industry, as forecasts are that the market will continue to grow along with changes in demographics. The size of the companion animal market stood at 1.8 trillion won in 2015 and is forecast to grow to 5.8 trillion in 2020, according to a report from the Korea Institute for Industrial Economics and ...

Non-banks | 2019-05-22 18:52

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