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Reporter : Lee Kyung-min
Thu, January 20, 2022 | 01:37
Cash handout promises spark debate over effects on economy
The government has continued to adjust social distancing rules as the country grapples with responding to new waves of COVID-19, with the latest threat coming from the new Omicron variant. In the wake of the recent surge in cases, discussions have arisen again on the necessity of providing financial assistance to small- and medium-sized enterprises (SMEs).
Woori diversifying portfolio into securities, insurance
Woori Bank signed a business agreement with Hanwha Group's insurance, securities and asset management arms to promote digital business, it said Sunday.
Korea's working population to more than halve in 50 years
Korea's working population will more than halve over the next 50 years, vastly increasing the burden of supporting pension recipients in its fast-aging society, statistics agency data showed Thursday. According to forecasts by Statistics Korea, the number of people aged between 15 and 64 could be slashed to 17.37 million by 2070, or 46.5 percent of the current 37.38 million. ...
Standard Chartered Bank Korea appointed as Shinhan Life's custodian for offshore bonds
Standard Chartered (SC) Bank Korea announced Thursday that it was appointed as the “custodian” for the international assets of Shinhan Life Insurance.
Tighter lending rules lead to increase of corporate loans
The growth of household borrowing fell sharply in November, due to a combination of tightening lending rules and the central bank's key rate hike, central bank data showed Wednesday.
Trade ministry eases rules for export firms
The government will simplify the administrative procedures for exporters of Korea's key goods, as part of an expanded compliance program (CP), whereby 156 businesses abide by expedited, self-regulated export control measures, the trade ministry said Wednesday.
Gov't CPTPP push to drag on until presidential election
The government is dragging its feet regarding discussions on joining a trade agreement among 11 countries in the trans-Pacific area.
[Contribution] COVID-19 recovery in Korea: short-term strength, long-term weakness
Korea's economy has fared relatively well during the COVID-19 pandemic, thanks to exceptional crisis management. After the first confirmed case was reported in January 2020, the country managed to contain several waves of infections without complete border closures or local lockdowns. This helped ensure the continuity of essential social and economic activities. The economy c...
WTO joint statement to enhance transparency in services industry
Korean firms will be able to expand their overseas business more efficiently, a move outlined in a joint initiative statement signed by 67 member countries of the World Trade Organization (WTO), the trade ministry said Friday.
AMCHAM and ruling party presidential candidate meet to discuss support for foreign investments
The American Chamber of Commerce in Korea (AMCHAM) hosted a special meeting with the ruling Democratic Party of Korea (DPK) presidential candidate, Lee Jae-myung, Thursday, at the Conrad Hotel Seoul, it said in a statement, Friday.
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