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Reporter : Yoon Ja-young
Sun, November 27, 2022 | 00:33
Top financial regulator with CEOs of foreign financial firms
Financial Supervisory Service (FSS) Governor Lee Bok-hyun, center, poses with the CEOs of foreign financial institutions operating in Korea at a meeting held in Yeouido, Seoul, Friday. At the meeting, Lee stressed that the regulator will work to improve financial regulations to suit global standards and enhance the competitiveness of the financial industry. At a media briefin...
BOK chief, finance minister to meet Yellen in Seoul next week
Bank of Korea (BOK) Governor Rhee Chang-yong will meet U.S. Treasury Secretary Janet Yellen in Seoul next week, amid concerns over the Korean currency weakening against the dollar. According to the central bank, Wednesday, Rhee and Yellen will have a bilateral meeting in Seoul on July 19, accompanied by their staff.
'Extraordinary Attorney Woo' pulls up production company shares
The success of the drama "Extraordinary Attorney Woo" has pulled up the stock price of its production company, AStory. The stock price has risen more than 70 percent since the premiere of the drama. The legal drama centering on Woo Young-woo, a genius lawyer who is on the autism spectrum, is gaining huge popularity, topping Netflix's most-watched show list not only in Korea, ...
New FSC chief vows efforts to stabilize financial market
New Financial Services Commission (FSC) Chairman Kim Joo-hyun vowed to work on stabilizing the financial market, pointing out that it is difficult to estimate how current market uncertainties will unfold. “I wondered what the people currently expect of the Financial Services Commission. Stabilization of the financial market would come first,” he said in a speech upon his appo...
Standard Chartered Bank Korea advises investors to increase bonds, Asian equities in portfolio
As central banks around the world are walking a tightrope between a soft landing for the economy and inflation control, investors should be focusing on setting up balanced portfolios to guard against inflation risks, Standard Chartered (SC) Bank Korea advised in a report.
Economics of wedding gift money
I once saw readers of The Korea Times from other countries commenting on an article about the money given as a gift at weddings here. The article was about the frustration of people who intend to remain single for life. They have to give gift money to their friends for their weddings and other events that come afterwards, such as the first birthdays of their friends' babies, ...
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 ...
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