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[THE INVESTOR] ALPS is a two-year-old company founded by a former high government official Lee Sun-yong, who shaped some of the country’s significant environmental policies for 20 years and served as Environmental Policy Advisor to former President Lee Myung-bak. In tandem with a dozen well-connec...
[THE INVESTOR] The government will actively work to stabilize the equity market by setting up a 500 billion-won (US$438.40 million) fund that can be injected into local stocks, the country’s financial regulator said on Oct. 29. Kim Yong-beom, vice chairman of the Financial Services Commission, mad...
[THE INVESTOR] Market observers remained tense throughout the weekend amid burgeoning skepticism that the stock benchmark Kospi might dip below the psychologically significant threshold of 2,000 this week, reeling under the prolonged US-China trade tension and visible losses in recent corporate earn...
[THE INVESTOR] The South Korean economy is expected to post a weak annual growth in 2018 due to the country's high unemployment rate coupled with the falling corporate investment, industry sources said on Oct.28.The Bank of Korea recently revised down the growth target for 2018 to 2.7 percent from 2...
[THE INVESTOR] Korea’s semiconductor exports in 2018 surpassed US$100 billion in mid-October on the back of strong global demand, the Industry Ministry said on Oct. 25. The outbound shipments of memory chips hit the milestone on Oct. 16, already beating last year’s annual record of US$97.9 billio...
[THE INVESTOR] A majority of South Korean companies operating in China are less optimistic about business conditions in the fourth-quarter of this year, as the Chinese economy is cooling amid a trade spat with the US, a survey showed on Oct. 21. According to the survey of 218 manufacturers, condu...
[THE INVESTOR] Korea’s corporate tax rates as of this year are the seventh highest among member states of the OECD, Finance Ministry data showed on Oct.18. A report from the ministry provided for a parliamentary audit, released by opposition lawmaker Shim Jae-chul, said Korea’s 25 percent corpora...
[THE INVESTOR] Korean exports of information and communications technology products reached a monthly record high in September on the back of brisk overseas sales of semiconductors, government data showed on Oct. 17. A total of US$20.27 billion worth of ICT products were shipped overseas last month...
[THE INVESTOR] Korea’s ranking in global competitiveness rose by two notches this year thanks to improvement in the country’s macroeconomic environment and a high-level of information technology, a report showed on Oct. 17. In 2018, Asia’s fourth-largest economy ranked 15th out of 140 countries ...
[THE INVESTOR] Korea’s corporate watchdog said on Oct. 15 that it will focus on reforming family-controlled business groups and promoting fair business practices. In a report to the National Assembly, the Fair Trade Commission said it aims to help foster innovation-led growth, as well as expand co...
[THE INVESTOR] Korea will unveil a set of comprehensive plans to raise the nation’s energy efficiency and foster innovative technologies in the renewable sector, the government said on Oct. 5. The Ministry of Trade, Industry and Energy said it aims to expand investment in innovative energy technol...
[THE INVESTOR] Korea’s foreign exchange reserves reached a record high in September on the back of steady gains from investments and the selling of foreign exchange stabilization bonds, the central bank said on Oct. 4. The total value of the country’s forex reserves came to US$403.0 billion last ...
[THE INVESTOR] A revised trade agreement calling for a 20-year extension of tariffs on Korean pickup trucks that can be sold in the United States will have a limited impact on the local auto industry, Seoul’s Trade Ministry said on Oct. 2. Last week, Seoul and Washington signed their amended fre...
[THE INVESTOR] Korea’s exports slipped in September compared with a year ago due to fewer working days and high base effect, government data showed on Oct. 1. Outbound shipments reached US$50.58 billion last month, down 8.2 percent from a year ago, according to the data compiled by the Ministry of...
[THE INVESTOR] Korea’s air passenger traffic reached a new record high in August on increased overseas travel demand, the government said on Sept. 27. The number of air passengers came to 10.58 million in August, up 6.1 percent from a year earlier, making it a new monthly record, according to a t...
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December 10, 2018
