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On the Spot
Tue, June 18, 2019 | 06:32
Pension reform urgent amid debt growth, aging
The government needs to speed up pension reform due to the growth rate of its aging population and national debt, local and foreign analysts say. The rapidly aging population and falling birthrate will make it harder to financially support the elderly through its existing pension system. At the same time, analysts added the country inevitably needs more welfare and public saf...
| 2019-04-08 13:30
'Blockchain to transform entertainment'
Imagine a world where not only can people pick and select a character to play in a video game, but also can actually “be that character.” They can be not “like” but actually “be” the superheroes they dreamed of or imagined. In the near future, people can wear a red suit of armor and fly away, or turn green and smash buildings. This may sound like science fiction movie.
| 2019-04-07 16:09
KIC to boost alternative investment
Korea Investment Corp. (KIC) and its local asset management partners will invest more in advanced alternative markets abroad, KIC CEO Choi Hee-nam said Friday. “We will expand our reach with local partners abroad by investing in alternative assets, private equity funds and hedge funds,” he told a press conference in Seoul. Choi has been the KIC chief executive for a year.
| 2019-04-05 15:45
Dental treatment for Uzbek kids
Shinhan Financial Group Chairman Cho Yong-byoung, front row fifth from left, and Heo Seong-joo, fourth from left, director of Seoul National University Dental Hospital, pose with their volunteer teams at the hospital, Friday. Shinhan and the hospital will dispatch their teams to provide dental services to children in Uzbekistan from April 14 to 22. Courtesy of Shinhan Financi...
Gov't sets up ISD response team
The government will form a taskforce to counter investor-state dispute (ISD) cases filed by foreign investors such as U.S. private equity Lone Star and activist Elliot Management, according to the Ministry of Justice, Friday. The justice ministry will be heading the taskforce that consists of officials from the Office for Government Policy Coordination, the Ministry of Economy and Finance, the Ministry of Trade, Industry and Energy and the Ministry of Foreign Affairs.
| 2019-04-05 15:40
Son Dam-bi named KOMSCO brand ambassador
Son Dam-bi, a singer and actress, has been named the brand ambassador of the state-run Korea Minting, Security Printing & ID Card Operation Corp. (KOMSCO), the company said Thursday. She will be attending KOMSCO's annual events and marketing campaigns to promote the company's products and services until April, 2020. Son debuted with her single “Cry Eye” in 2007, and hit the t...
| 2019-04-04 16:26
Providing finance education to foreign workers
Cho Jong-hyung, right, head of the foreign exchange business division at KEB Hana Bank, poses with Kim Gyeong-jo, head of the Support Centers for Foreign Workers at the bank's office in Seoul, Thursday. The bank will offer financial education for foreign workers via its nationwide network of centers. Courtesy of KEB Hana Bank
PEF-backed Shinhan goes all in on investments
Shinhan Financial Group is gearing up to make more deals and invest in the capital market through its ties with domestic and global private equity funds (PEF), according to sources with knowledge of the situation. After becoming the country's biggest financial holding group by profits, assets and market cap, with IMM Private Equity joining its board, Shinhan Financial has “th...
| 2019-04-04 09:29
Gov't to revise feasibility study for rural, city projects
The government will change the way its economic organizations measure and forecast demand for future infrastructure projects in cities and rural areas beginning next month. In a policy meeting Wednesday aimed at reviving the economy, Finance and Economy Minister Hong Nam-ki said such feasibility studies will be conducted via a dual-track system for metropolitan and rural area...
| 2019-04-03 17:00
Opening fintech center
Financial Services Commission Chairman Choi Jong-ku, center, and Woori Financial Group Chairman Sohn Tae-seung, right, push a button with an entrepreneur to open Woori Bank's expanded center for fintech startups in Yeouido, Seoul, Wednesday. Sohn said Woori will invest 130 billion won in innovative companies. Courtesy of Financial Services Commission
Taxi driver jailed for assaulting female passenger
Lottery winner who went broke in just eight months under probe for theft
USFK suspends night curfew in show of 'good order and discipline'
Korean monk pleads Dalai Lama to return to Tibet
69% of Seoulites living in fear of spycams
Heroic return of 'the boyz'
[INTERVIEW] 'Ethiopia can be starting point for Africa investment'
Subcompact car market shrinking fast in Korea
USFK lifts curfew for 90 days for morale test
Hong Kong police condemned for handling of extradition bill protests
Celebrating Korea-Czech relations
Hong Kong demands democracy
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