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Tue, September 25, 2018 | 16:08

Economy >

Korea isolated in job recovery

Korea seems to be one of the very few countries of the Organization for Economic Cooperation and Development (OECD) facing rising joblessness. Developed countries such as the United States, Japan and Germany, on the other hand, have reached full employment. Korea's unemployment rate stood at 4 percent in August, the highest in 18 years. It rose 0.4 percentage points from a ye...

Finance | 2018-09-21 09:56

Gov't to build 4-5 new towns to stabilize property market

The government will establish four to five new satellite towns around Seoul to cool down the overheated real estate market in the capital Seoul by supplying more homes, the land minister said Friday.

Policies | 2018-09-21 15:53

KB chief pushes to widen gap with Shinhan

KB Financial Group and its 12 subsidiaries need to further maximize synergy to widen its gap with the market's second player Shinhan Financial Group, said Yoo Jong-kyoo, the group's chairman Friday. Celebrating the 10th anniversary of the group's founding at KB Kookmin Bank headquarters in Yeouido, Seoul, Yoo added that the group needed to move ahead by “huddling” closely tog...

Finance | 2018-09-21 14:24

Organizations rush to cut Korea's growth outlook

Local and international organizations rushed to downgrade their growth outlook for South Korea, Friday, due to weak consumer sentiment and intensified trade tension between the U.S. and China.

Finance | 2018-09-21 16:40

Financial tech cooperation

Joo Jae-sung, fifth from right, head of NongHyup Bank's digital finance, and Andrey Makarov, fifth from left, director of Gazprombank, pose for a photo with others from the Korean and Russian banks at NongHyup Bank headquarters in Seoul, Thursday. The two banks and their partners held a conference to discuss ways to cooperate in financial technology. Courtesy of NongHyup Bank

Photo News | 2018-09-21 14:37

Meeting on insurance premiums

Financial Services Commission (FSC) Vice Chairman Kim Yong-beom, left, talks about how to reduce private insurance premiums following expanded state-run healthcare coverage dubbed 'Moon Jae-in care,' at a meeting at the Government Complex in Gwanghwamun, Seoul, Friday. At the meeting, ranking officials from the FSC and health ministry, and representatives of private insurance...

Photo News | 2018-09-21 16:40

'Time to change economy now'

A window of opportunity is narrowing for Korea to restructure and change its economy to make it less vulnerable to external and internal shocks such as its declining output and population. Asia's fourth largest economy needs to act fast for market reforms before it is too late. Otherwise, it will end up like Japan's lost decade, said Rajiv Biswas, chief economist at IHS Marki...

Finance | 2018-09-20 13:22

Global ETP Conference Seoul

Korea Exchange President Chung Ji-won, right, visits a showcase booth during the 2018 Global Exchange Traded Product (ETP) Conference Seoul at the Conrad Hotel in Seoul, Friday. Stressing the importance of the nation's ETP market, Chung said he will do his best to create an environment to foster the market.

Finance | 2018-09-20 18:42

MKIF shareholders may raise fee issue

Macquarie Korea Asset Management will remain as the manager of an infrastructure fund it has been managing for 16 years _ the Macquarie Korea Infrastructure Fund (MKIF). This comes as the fund's shareholders rejected a proposal by Platform Partners Asset Management to replace Macquarie with KORAMCO REITS Management & Trust, which had agreed to manage the fund at one-eighth of Macquarie's management fees.

Finance | 2018-09-20 16:11

KDB, KIC urged to lead NK investment

South Korea's state-run banks and financial institutions should take the initiative in investing in North Korea to attract private investors and ensure inter-Korean cooperation is a success, a Seoul-based North Korea expert said Tuesday.

Finance | 2018-09-19 21:02

Inter-Korean Summit in Pyongyang