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Tue, October 4, 2022 | 12:50
Banks brace for FSS inspection
Local banks are preparing for a routine inspection by the financial regulator, which may be tougher than usual.
Seoul to disclose foreign exchange market interventions
The government will disclose its interventions in the foreign exchange market every quarter to enhance the transparency of its foreign exchange policies. The first disclosure will be made next March.
Protecting small biz turns into possible trade dispute
The government's policy to protect small businesses and merchants is facing a protest by foreign companies, triggering concerns that it may lead to a trade dispute as they may take the issue to the World Trade Organization (WTO).
Job market deteriorates to worst level in decade
The country's job market fell to its worst level since the global financial crisis, with many sectors shedding jobs. Experts say the Moon administration should focus on the corporate sector instead of pouring money into the public sector to create temporary jobs.
Airlines expect to benefit from opening of North Korean airspace
The country's airlines are expecting the reopening of North Korean airspace, which will save costs and shorten flight times. The government is also analyzing the benefits, which will only be possible with a successful summit between North Korean leader Kim Jong-un and U.S. President Donald Trump.
Entrepreneurs with NK roots come to fore
As South and North Korea take steps toward economic cooperation, entrepreneurs who have their roots in North Korea are expected to play a role. Having contributed to economic development with diligence and vitality symbolizing people from the North, they now expect to contribute to their hometowns.
KEPCO hit by Moon's nuclear-free energy policy
The government's plan to shift to renewable energy from nuclear and coal power is hitting KEPCO with snowballing losses. Analysts say that the rates for electric power consumption will be inevitably raised.
Delisting of Chinese firms cause 'China phobia' among investors
Small investors are shunning Chinese firms listed on the Seoul bourse as some are being delisted. Analysts say the bourse operator should focus on attracting foreign companies with good fundamentals instead of simply increasing the number of firms listed. The Korea Exchange (KRX), the country's bourse operator, said it would delist Chinese tile company Wanli from the junior K...
22 cases of irregularity confirmed in Shinhan hiring
The financial regulator confirmed some hiring irregularities at Shinhan Financial Group, including special favor given to children of its executives in recruitment. Its former top executives as well as ranking officials and influential politicians also lobbied to hire candidates who have a connection with them.
KAI's deal with Trump's lawyer raises eyebrow
Korea Aerospace Industries (KAI), which has been recovering from a corruption scandal involving its former CEO, is facing another risk due to its deal with the U.S. President Donald Trump's longtime personal lawyer. Analysts say it could negatively affect KAI's reputation.