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Entertainment & Arts

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Asia

Finance

Wed, December 7, 2022 | 00:03

Finance minister renews call for truckers to return to work

Finance minister renews call for truckers to return to work

Finance Minister Choo Kyung-ho on Thursday reiterated his call for local truckers to return to work, stressing that their strike is causing severe damage to the country's economy, already hurt by uncertainties.

2022-12-01 14:10

Seoul shares open sharply higher on Powell remarks

Seoul shares open sharply higher on Powell remarks

Korean stocks opened sharply higher Thursday, boosted by U.S. Federal Reserve Chair Jerome Powell's remarks signaling smaller rate hikes.

2022-12-01 10:13

US stocks rally, dollar retreats as Powell shifts tone on rate hikes

Korea's exports log steeper fall in November on weak chip demand

Korea's exports log steeper fall in November on weak chip demand

Korea's exports fell for the second consecutive month in November and the decline accelerated from the previous month due mainly to the dwindling global demand for semiconductors amid the economic slowdown, the trade ministry said Thursday.

2022-12-01 09:29

Korean economy grows 0.3% in Q3: BOK data

Korean economy grows 0.3% in Q3: BOK data

Korea's economy grew 0.3 percent in the third quarter of this year despite rising interest rates and weak exports, unchanged from an earlier estimate, central bank data showed Thursday.

2022-12-01 08:27

Korea's exports log steeper fall in November on weak chip demand

Korea Development Bank's reorganization draws flak

Korea Development Bank's reorganization draws flak

The Korea Development Bank (KDB) is drawing flak over what its union calls its “unilateral push” for it to relocate to the nation's southern port city of Busan. According to the state-run lender, the KDB carried out its 2023 organizational reshuffle by expanding its division located in Busan. Under the reshuffle, the Ocean Industry Finance unit has been enlarged into two subd...

Lee Min-hyung | 2022-12-01 08:26

MBK Partners tapped as preferred bidder to acquire Medit

MBK Partners tapped as preferred bidder to acquire Medit

MBK Partners, one of the largest private equity firms in Asia, has a chance to acquire digital dental business Medit within this year, after being tapped recently as a preferred bidder, and will now enjoy exclusivity in the acquisition discussions with Medit's largest shareholder, Unison Capital. According to investment banking industry insiders, Wednesday, Citigroup Global M...

Anna J. Park | 2022-11-30 16:41

[CONTRIBUTION] Climate finance takes center stage at COP27

CONTRIBUTIONClimate finance takes center stage at COP27

The 27th U.N. Climate Change Conference (COP27) was held in Sharm el-Sheikh, Egypt, from Nov. 6 to 20. World leaders kickstarted the conference on an urgent and somber note. 2022 has shown that climate change can indeed pose an existential threat to humanity, as the year has been marked with several devastating and unprecedented floods, heat waves, droughts and storms. Making...

Anna J. Park | 2022-11-30 16:22

Apple Pay anticipated to launch in Korea in December

Apple Pay anticipated to launch in Korea in December

Despite earlier market expectations that Apple Pay would be launched in Korea from Nov. 30, it is estimated that the starting date of the payment service in the country will be delayed to sometime around December.

Anna J. Park | 2022-11-30 16:21

Are foreign investors returning to KOSPI?

Are foreign investors returning to KOSPI?

Foreign investors have gone on a buying spree of Korean shares for the past two months on growing hopes for a gradual end to the ongoing cycle of monetary tightening. According to data from the Korea Exchange, foreign nationals purchased Korean shares worth 6.07 trillion won between Oct. 1 and Nov. 29. They focused on buying major large-cap tech stocks such as Samsung Electro...

Lee Min-hyung | 2022-11-30 15:35

Arrest warrant sought for Terraform Labs co-founder over cryptocurrency collapse

Arrest warrant sought for Terraform Labs co-founder over cryptocurrency collapse

Prosecutors said Wednesday they have sought an arrest warrant for Daniel Shin, co-founder of Terraform Labs, for allegedly gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-11-30 09:21

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