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Sun, October 1, 2023 | 17:59
Plunging stock market
An employee passes by a market index monitor in the dealing room of Hana Bank headquarters in Myeongdong, downtown Seoul, Wednesday. The main benchmark Kospi closed at 2,342.81 points, falling by 2.74 percent from the previous day, while the tech-heavy Kosdaq tumbled 4.03 percent ...
Economic misery index soars to highest level in 21 years
Amid steeply rising consumer prices, the economic misery idex, which estimates the economic hardship of households, has climbed to its highest level in 21 years. Economists say that the government should focus on curbing food prices as much as it can as low-income households will suffer the most.
New tax agency chief
National Tax Service (NTS) Commissioner Kim Chang-ki makes a speech at his appointment ceremony held at NTS headquarters in Sejong City, Tuesday. Kim vowed to offer trustable services, based on communication with taxpayers. He also promised to be prudent in tackling tax evasion. Courtesy of NTS
Korea faces tough time curbing surge in government debt
Major advanced economies succeeded in decreasing government debt ratios last year, but Korea is seeing the ratio surge despite a huge increase in tax revenues. According to Organization for Economic Cooperation and Development (OECD) data, all of the G7 countries - the U.S., the U.K., France, Germany, Japan, Canada and Italy - saw a decline in the ratio of government debt to ...
Woori Financial for Earth
Woori Financial Group Chairman Son Tae-seung, sixth from right, and Woori Bank CEO Lee Won-duk, third from right, pose with other group executives and residents of Gangneung, Gangwon Province, after planting pine trees in the wildfire stricken area of the city on April 19. In addition to planting trees to commemorate Earth Day on April 22, the group also donated 100 million w...
KOMSCO to expand cooperation with Uzbekistan in minting technology
The state-run Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) will expand the supply of intaglio ink to Uzbekistan at the request of the Central Asian country.
Who will be next financial regulator chief?
Following a report that President-elect Yoon Suk-yeol has almost made a decisions on the nominees to lead the Ministry of Economy and Finance and the Financial Services Commission (FSC), all eyes are now on who will be chosen as the head of the Financial Supervisory Service (FSS).
KOMSCO signs MOU with Kyrgyzstan for digitization
The state-run Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) has signed an MOU with the Kyrgyzstan government to cooperate in the latter's e-government project, which will pave the way for the export of KOMSCO's technologies in digital identification cards and authentication.
What is making Korea's central bank employees quit their jobs?
The Bank of Korea (BOK) was once known as “god's workplace,” attracting some of Korea's smartest young people with high salaries and job security. However, the BOK's younger employees seem to be increasingly deserting their once-coveted jobs, as the central bank is failing to meet their expectations, while working conditions, compensation and company culture are all improving...
Hyundai Card CEO loses to siblings in lawsuit over funeral guest book
Hyundai Card Vice Chairman and CEO Chung Tae-young lost in a lawsuit filed by his siblings, which was triggered by his refusal to fully disclose the names of guests at the funerals of their parents.
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