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Reporter : Lee Kyung-min
Sun, December 5, 2021 | 10:51
Leveraged investors cry foul over toughened lending rules
More people are asking for easing of lending rules because they have been finding it hard to borrow money from banks.
Expansionary fiscal policy to continue
The ruling Democratic Party of Korea (DPK) and the government are fine-tuning a spending plan of over 600 trillion won ($506 billion) for next year, an increase of 8 percent from this year's budget of 558 trillion won, in a continued expansionary policy.
For small businesses
NongHyup Bank CEO Kwon Jun-hak, right, and Cho Tae-kwon, CEO of Hwayo, maker of traditional liquor soju, hold an appreciation plaque given by the bank in recognition for the firm's contribution to the progress of small businesses in the country, at the bank headquarters in Seoul, Aug. 20. Hwayo was one of 60 firms that made it to the list compiled by the bank on the occasion ...
Foreign investors dumping Korean stocks amid 4th COVID wave
Foreign investors have been dumping stocks of major Korean companies amid growing uncertainties caused by the unrelenting fourth wave of the COVID-19 pandemic, sending a shudder through the local financial market. Experts forecast that foreigners will continue to sell local shares, particularly semiconductor stocks, such as Samsung Electronics and SK hynix, which they expect ...
Gov't approval to be mandated for sale of chip, battery, vaccine firms
Amid the continued shortage of memory chips, more countries are rushing to manufacture components vital to electric vehicles (EVs) and COVID-19 vaccines, as these components are being treated as “a matter of national security.”
Specter of 'double-dip' recession looming large
Fears are growing that Korea will slip back into a recession, as the nation's economy is likely to contract in the third quarter of the year due to the COVID-19 situation spinning out of control amid a disruption in the supply of vaccines. The Korea Disease Control and Prevention Agency reported a record high 2,223 cases for the country Tuesday, a day after Moderna stated tha...
[ANALYSIS] KakaoBank being granted 'special treatment'
KakaoBank, a banking subsidiary of IT giant Kakao, is being exempted from a financial regulation, in what traditional financial group-affiliated lenders consider an “undue favor” exploiting its status as an internet-only bank, industry sources said Tuesday.
Promoting Kimchi
NongHyup officials pose for a photo holding signs promoting the integration of kimchi processing factories and their marketing, as part of a campaign to enhance Korea's status as the origin of the fermented side dish, at the organization's headquarters in Seoul, Monday. Yonhap
[ANALYSIS] Korea awaits updates on key economic indicators before rate hike
The Bank of Korea is anxiously awaiting the impending release of key economic indicators for July, which will make or break the case for its desired key rate hike.
Finance minister, business leaders likely to discuss possibility of Samsung chief's pardon
Deputy Prime Minister and Finance Minister Hong Nam-ki is drawing attention as to whether he will discuss the possible release of imprisoned Samsung Electronics Vice Chairman Lee Jae-yong when he meets the country's five major business lobby groups next week.