Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Man convicted after binge eating to avoid military service
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S. Korea not to attend Sado mine memorial: foreign ministry
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Korean gov’t to ease regulations on insurers
[THE INVESTOR] Limitations on insurance companies’ investments will be lifted in a bid to help insurers improve finances. The Financial Services Commission said on June 27 that a number of revisions to related laws will be made, and submitted to the National Assembly around September. As part of the measures, the ceiling on overseas real estate and foreign currency insurance companies can hold will be removed. In addition, the limit on bonds, shares and derivatives issued by a single entity will
June 27, 2016
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Korea on alert for market shocks on Brexit
[THE INVESTOR] The Korean financial market remained volatile on June 27 following the UK’s vote to leave the European Union last week, with the equity market opening with a loss on weakened sentiment.Brexit is expected to have a long-lasting impact on the global economy with Korean exports to the EU forecast to slow in the coming years, further weighing down investor confidence, hence, Korean President Park Geun-hye has called on her senior secretaries and financial authorities to increase monit
June 27, 2016
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Power prices could surge by 97% if energy supply market privatized
[THE INVESTOR] Power prices could rise by 97 percent if the government opens the nation’s state-controlled energy supply market to the private sector, according to a study released on June 27. If the retail power market is privatized, electricity prices may drop in the initial phase but will rise continually, according to the report on major global economies’ policies related to the electricity supply. Under the plan announced on June 14 by the Ministry of Trade, Industry and Energy, the country
June 27, 2016
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Gold rises on Brexit worries
[THE INVESTOR] The price of gold on Korea Exchange’s gold market broke the 50,000 won (US$42.4) per gram mark for the first time on June 27, fueled by uncertainties arising from UK’s departure from the European Union.On June 27, gold closed at 50,200 won per gram, up 780 won or 1.58 percent from June 24. This is the first time the price has broken the 50,000-won mark since the KRX gold market was launched in March 2014. On June 27, gold began 1.1 percent up buoyed by private investors seeking mo
June 27, 2016
