News
Koo Yoon-cheol: "Aiming for First Year of Economic Great Leap Forward. .. Second-Half Growth Strategy to Be Announced"
8+ hour, 10+ min ago (616+ words) " Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol enters the Emergency Economic Headquarters Meeting and the Ministerial Meeting on Strengthening Economic and Industrial Competitiveness held at the Government Complex Seoul in Jongno-gu, Seoul, on the 8th. Deputy Prime…...
KFTC to Fine Global Non-Memory Chipmakers Up to 100 Billion Won for Margin Fixing
4+ hour, 33+ min ago (704+ words) " Korea Fair Trade Commission (KFTC) Global non-memory semiconductor companies NXP and ADI are set to face the Korea Fair Trade Commission (KFTC) over allegations of forcing trade terms by setting sales margin rates for domestic distributors. If the allegations are…...
Economic Contribution of Top 100 South Korean Companies Exceeds 1, 731 Trillion Won
8+ hour, 12+ min ago (249+ words) The economic contribution of South Korea's top 100 companies surpassed 1, 731 trillion won last year. According to a survey by the corporate data research institute CEO Score, the economic contribution of the top 100 companies was tallied at 1, 731. 1599 trillion won, an increase of…...
KOSPI Plummets 4. 9% to 7, 600 Level; KOSDAQ Hits Annual Low
1+ day, 2+ hour ago (294+ words) " The closing prices of the KOSPI and KOSDAQ are displayed on the trading board at the Hana Bank dealing room in Jung-gu, Seoul, on July 7, as the KOSPI plunged nearly 5%. The KOSPI closed at the 7, 600 level after a sharp decline…...
D-Report: Tax Evaders Caught Using Acquaintances' Names to Claim Capital Gains Tax Exemptions on 2 Billion Won Apartments
1+ day, 34+ min ago (437+ words) The National Tax Service (NTS) has caught a large number of individuals suspected of tax evasion, including those who transferred ownership of other homes to acquaintances before selling high-priced apartments to qualify for tax exemptions. Person A, who owned two…...
KOSPI Plunges, Triggering 'Sell-Sidecar' as Index Falls Over 5% to 7, 500 Level
1+ day, 7+ hour ago (159+ words) " Employees work at the dealing room of the Hana Bank headquarters in Jung-gu, Seoul, on the 7th. The KOSPI experienced a sharp decline during morning trading today (July 7), triggering a temporary suspension of program sell orders, known as a sidecar. According…...
KOSPI Falls Over 2% to 7, 800 Range in Early Trading; KOSDAQ Rebounds
1+ day, 8+ hour ago (138+ words) " Employees work at the dealing room of the Hana Bank headquarters in Jung-gu, Seoul, on July 7, as the KOSPI drops more than 2% to the 7, 800 level in early trading. The KOSPI fell more than 2% in early trading today (July 7), sliding to…...
Former Financial Supervisory Service Governor Lee Bok-hyun to Represent Bond Investors in Case Involving JTBC
1+ day, 19+ hour ago (137+ words) " Former Financial Supervisory Service Governor Lee Bok-hyun Former Financial Supervisory Service (FSS) Governor Lee Bok-hyun is reportedly set to represent bond investors in a case involving affiliates of Joong Ang Group, including the general programming channel JTBC, which have filed…...
Call Center Workers Demand Meeting with Labor Minister, Accusing Public Institutions of Evading Negotiations
1+ day, 23+ hour ago (247+ words) " Call center workers begin a sit-in protest demanding negotiations with primary contractors Call center workers have demanded a meeting with Minister of Employment and Labor Kim Young-hoon, claiming that even public institutions are evading negotiations and refusing to acknowledge their…...
Internet Banks See Rise in High-Credit Borrowers as Average Loan Rates Fall, While Rates for Low-Credit Borrowers Climb
2+ day, 8+ hour ago (541+ words) The average interest rate for new unsecured loans at the three major internet-only banks has fallen as the proportion of high-credit borrowers has significantly increased. Conversely, loan interest rates for low-credit borrowers have risen to nearly 8 percent. According to the…...