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Tue, February 27, 2024 | 09:02
BOK chief says financial stability matters in small open economies
Bank of Korea (BOK) Governor Lee Ju-yeol said Tuesday that central banks of small open economies need to pay more attention to financial stability when they implement monetary policies, as they are vulnerable to capital outflows and currency depreciation.
High-income foreigners face higher tax rate
High-income foreigners will face a higher tax rate here as the government considers increasing its 17-percent fixed rate levied on non-Korean workers, seeking to raise tax revenue amid low economic growth.
BOK's first female executive retires
The Bank of Korea’s (BOK) first female executive Suh Young-kyung left the central bank Friday, leaving a legacy of breaking the glass ceiling of the male-dominant organization.
Templeton's investment in Daewoo Shipbuilding raises questions
Templeton Asset Management increased its stake in Daewoo Shipbuilding & Marine Engineering (DSME) to more than 5 percent, raising questions why the Singapore-based asset manager is investing in the troubled shipbuilder suspected of committing an accounting fraud of more than 5 trillion won ($4.4 billion).
Do other than blaming low oil prices
Bank of Korea (BOK) Governor Lee Ju-yeol is a man of confidence. He speaks openly on macroeconomic issues and is not afraid to challenge the government when he has different views on the economy and financial markets.
BOK paints bleaker outlook
The Bank of Korea (BOK) cut its economic growth outlook for this year to 2.7 percent from 2.8 percent, reflecting slowing exports amid global uncertainties sparked by Britain’s decision to exit from the European Union.
Banks fly high with air mileage accounts
Bank accounts giving air miles based on account holders’ transactions and balances are drawing attention among financial customers as they are looking for compensation other than extremely low interest, bank officials said Wednesday.
Kiosks offer comprehensive banking services
A banking kiosk at Shinhan Bank’s Seogyo Central branch in western Seoul looks like a big tablet PC. With its 17-inch widescreen, the advanced version of an ATM offers basic banking services from opening accounts to issuing debit cards in 10 minutes.
Samsung heir's plan for financial units stalling
How Samsung Group’s heir Lee Jae-yong will restructure the financial units of the nation’s largest conglomerate remains a big question among investors.
Samsung Pay to be available at Shinsegae, E-mart, Starbucks
Consumers will be able to pay with their Galaxy smartphones at Shinsegae department stores, E-mart discount chains and Starbucks outlets later this year as Shinsegae agreed with Samsung on using the electronics company’s mobile payment system at its stores.
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