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Thu, May 24, 2018 | 03:24

Economy > Policies >

Duty free licenses to be extended to 10 years

Conglomerates operating duty free shops may be able to have their operational duration guaranteed for 10 years after obtaining licenses. The government will also issue more licenses when the number of tourists and sales at duty free stores surge.

Policies | 2018-05-23 16:36

Minimum wage hike

The Moon Jae-in administration's plan to steeply raise the minimum wage is facing hurdles as voices opposing the plan are gaining momentum.

Policies | 2018-05-22 17:03

Korea's policy rate seen on hold for 1.5%

The Bank of Korea (BOK) is expected to leave its key policy rate unchanged at its monetary May 24 policy meeting, according to economists and research firms, Tuesday.

Policies | 2018-05-22 16:13

Korean firms vulnerable to speculative hedge funds

As global activist hedge funds are increasingly threatening local businesses, entrepreneurs are demanding the government provide them with shields such as poison pills and golden parachutes.

Policies | 2018-05-21 16:57

Bank of Korea in dilemma over interest rate hike

The Bank of Korea (BOK) has been in a dilemma over whether or not to raise its key interest rate, as its U.S. counterpart will continue to make it more expensive to borrow money.

Policies | 2018-05-20 16:41

AMRO advises Moon to be 'flexible' on policies

SINGAPORE - President Moon Jae-in needs to become more flexible in policy implementation to ensure success of his “inclusive growth strategy,” according to Hoe Ee Khor, chief economist at the ASEAN+3 Macroeconomic Research Office (AMRO).

Policies | 2018-05-18 17:59

Samsung says US partner wants bigger stake in JV

Samsung BioLogics, a contract drug manufacturer affiliated with Samsung, said late Friday its U.S.-based business partner has offered to increase its stake in their joint venture, a central point in the ongoing dispute between the Samsung affiliate and the country's top financial regulators.

Policies | 2018-05-18 16:28

Seoul to disclose foreign exchange market interventions

The government will disclose its interventions in the foreign exchange market every quarter to enhance the transparency of its foreign exchange policies. The first disclosure will be made next March.

Policies | 2018-05-17 17:06

Protecting small biz turns into possible trade dispute

The government's policy to protect small businesses and merchants is facing a protest by foreign companies, triggering concerns that it may lead to a trade dispute as they may take the issue to the World Trade Organization (WTO).

Policies | 2018-05-17 17:03

'Samsung BioLogics didn't inflate corporate value'

Samsung BioLogics didn't intentionally inflate its corporate value, a leading research firm said Thursday, citing the continued solid demand for biosimilar products manufactured by contract manufacturing organizations (CMOs) such as the Samsung affiliate.

Policies | 2018-05-17 16:53

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Hawaii's Kilauea volcano goes 'ballistic'