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Wed, October 17, 2018 | 21:38

Economy > Finance >

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 | 2018-09-27 18:27

Will semiconductor boom continue?

The debate about the future course of the nation's semiconductors is intensifying. Believing the supercycle of semiconductor shares has come to an end, global investment banks (IBs) have claimed since the second quarter that their share prices will soon plunge and underperform the market. Domestic analysts, however, protest their pessimism, insisting the nation's semiconductor makers will post solid sales in the second half of the year.

Finance | 2018-09-27 16:53

Statistic Korea losing credibility

Statistics Korea is coming under intense criticism over its move to reinstate the household income assessment method used in 2016 to allegedly produce data favorable to the government's income-led growth policy.

Finance | 2018-09-27 16:10

Specter of capital flight looms large

Fears over capital flight are heightening as the interest rate gap between the United States and Korea has increased to 0.75 percentage points, the widest in 11 years and two months. This comes as the U.S. Federal Reserve raised its rate by 25 basis points to a range of 2 percent to 2.25 percent after a two-day meeting. It is expected to further widen even if the Bank of Kore...

Finance | 2018-09-27 15:12

Unemployment of college graduates hits record high

The unemployment rate for college graduates rose to a record high in the second quarter as companies and small businesses grew more reluctant to hire new workers amid a consumption slump and other unfavorable business conditions.

Finance | 2018-09-26 16:38

Long-term unemployment hits highest level in 18 years

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

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

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

More tech firms to move into internet banking

Kakao and KT are expected to inject more capital into their internet banks as lawmakers passed a revision Thursday, enabling tech giants to increase their ownership in mobile lenders, according to analysts and industry sources.The National Assembly voted in favor of a partially amended version of the Banking Act, that will allow nonfinancial companies, or industrial capital, to exercise voting rights of up to 34 percent in shares they hold in internet banks, drastically up from 4 percent.

Finance | 2018-09-20 21:38

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

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