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Sat, January 28, 2023 | 22:45
[INTERVIEW] Korean firms eyeing global procurement market
The global procurement market with an estimated value of $6 trillion can open up new opportunities for exporters. Korea has many competitive companies as an industrial powerhouse, but they often have trouble advancing into overseas procurement markets due to barriers.
New statistics chief vows to confront pressure
The newly appointed statistics chief said he will stick to data and confront political pressure.
Government to supply 300,000 homes
The government has decided to develop around 30 regions in and around Seoul to provide over 300,000 homes by 2022, in a bid to put a lid on the upward spiral of housing prices. At the same time, it has designated four more districts of Seoul _ Jongno-gu, Jung-gu, Dongdaemun-gu and Dongjak-gu _ as anti-speculation zones, subject to strict restrictions on housing speculation.
Insurers hit by 'IFRS 17' shocks
The country's life insurance companies are suffering from plunging sales as they prepare for a new accounting rule that will be adopted in 2021.
Gov't renews war on real estate speculation
As Seoul's housing market is showing signs of overheating, the government is renewing its fight against property speculation, including tax audits and designation of anti-speculation zones. At a meeting Thursday on key economic issues presided over by Economy and Finance Minister Kim Dong-yeon, the government decided to additionally designate anti-speculation zones in Seoul, ...
Overheating housing market
People pack the hall during a housing market trend seminar held at COEX in southern Seoul, Friday. Apartment prices in Seoul marked the steepest rise in 30 weeks as the city's announcement of development plans attracted investors. / Yonhap
Income gap widens to worst level in decade
Income polarization between the rich and poor has widened to the worst level in a decade, with the government's income-led growth policy failing to lead to fatter paychecks for those in middle- and low-income brackets.
Korea needs to fix income-led growth strategy
While the faltering job indices are pulling down President Moon Jae-in's approval rating, the administration seems to have lost a clue where it should begin. Economists agree it should modify the income-led economic growth strategy which was basis of the steep minimum wage hike.
ABL Life unveils insurance for diabetes, hypertension
Diabetes, hypertension and cardio-cerebrovascular diseases are common these days, but it isn't easy for those with such problems to prepare for the future with insurance.
FTC gives up exclusive right to file cases
The Fair Trade Commission (FTC) has agreed to give up its exclusive rights to file complaints about antitrust cases, such as price collusion or supply restriction.