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Sun, September 23, 2018 | 10:13

Economy > Policies >

Think tanks rushing to cut Korea's growth outlook

Domestic and international think tanks are rushing to revise down Korea's 2018 growth rate to below 3 percent on sluggish consumption and investment and deteriorating job market conditions. In addition, growing concerns over a global trade war sparked by the Trump administration threaten the export-dependent economy.

Policies | 2018-07-01 16:34

Transport ministry delays decision on Jin Air

The Ministry of Land, Infrastructure and Transport delayed its decision on Jin Air, whether to cancel its license or not. The transport minister Kim Hyun-mee had vowed to come up with the decision quickly, but failed to keep her promise.

Policies | 2018-06-29 17:13

Korean products losing ground in India due to drop in electronics exports

The growth of South Korea's exports to India is slowing sharply due to stiffer competition from Chinese rivals, data by local trade associations showed Friday.

Policies | 2018-06-29 09:45

Banks struggling to adopt '52-hour workweek'

KB, Shinhan and other banks are having a difficult time reducing the number of working hours to 52 from the current 68, according to company officials Thursday.Complying with the government's move to reduce what a National Assembly lawmaker once called its “inhumanly long” work hours, lenders decided earlier this year they would implement the 52-hour workweek rule by July 1. The decision is, however, expected to face diverse tasks as they have yet to establish a related system or work environment to accommodate the reduction.

Policies | 2018-06-28 16:41

KRC chief vows to promote social value of rural areas

Korea Rural Community Corp. (KRC) President Choi Kyu-sung vowed to realize the social value of rural areas, Thursday, and to reform the organization's business activities and structure. “At my inauguration, I promised to put the public interest as a top priority. I have continued communicating with residents, local governments and our employees to find the right solutions,” h...

Policies | 2018-06-28 16:33

Cuckoo, Amway 'poor' in sharing growth

Oriental Brewery, Cuckoo, Amway, and Tata Daewoo Commercial Vehicles are poor in sharing growth with small suppliers, while Samsung Electronics, SK Telecom, Hyundai Motor and Kia Motors are doing their best to achieve win-win growth with their contractors.

Policies | 2018-06-27 16:50

Regulator to step up oversight of bank accounts for cryptocurrency trading

The financial regulator said Wednesday it will bolster oversight of bank accounts used for cryptocurrency transactions, in the latest effort to prevent cryptocurrencies from being exploited for money laundering.

Policies | 2018-06-27 15:16

NPS hit for introducing stewardship code

The National Pension Service (NPS) is facing growing criticism for introducing a stewardship code, which many financial analysts say will do more harm than good to companies it has invested in. The analysts are expressing concerns the pension fund's “meddling” in corporate decision making could make listed firms more vulnerable to speculative funds and discourage entrepreneurship here.

Policies | 2018-06-26 17:10

'KEPCO can endure worsening bottom line'

Korea Electric Power Corp. (KEPCO) can withstand deficits from the government's energy transition policy, but there is a need to change the electricity rating system, according to its CEO.

Policies | 2018-06-26 16:58

Innocean, Samsung Welstory to face tougher antitrust rules

The Fair Trade Commission (FTC) is considering toughening regulations on the intra-group trading of conglomerates. Up to 24 affiliates and 214 “daughter” companies including Hyundai Motor Group's advertising company Innocean as well as Samsung Group's food service provider Samsung Welstory may become subject to the new rules.

Policies | 2018-06-26 16:43

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Inter-Korean Summit in Pyongyang