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[ THE INVESTOR ] Korean pensioners find it difficult to live only on monthly payments from the state pension scheme as the amount comes to less than a quarter of their pre-retirement income, a gove...
[ THE INVESTOR ] More than 17 percent state financing projects were rated as “poor” in the latest efficiency assessment this year, the Finance Ministry said on May 22. Out of 1,415 projects worth ...
[ THE INVESTOR ] Leaders of the American Chamber of Commerce in Korea recently concluded their senior-level “Doorknock” meetings in Washington, during which the delegation met with key officials o...
[ THE INVESTOR ] President Moon Jae-in’s chaebol reform drive became even more clear on Sunday as he named a longtime activist for shareholders’ rights and transparent corporate governance as the ...
[ THE INVESTOR ] Korea’s central bank is expected to hold its key rates steady this month due to weak domestic spending, a report by Moody’s Analytics said on May 21. The Bank of Korea kept i...
[ THE INVESTOR ] Demands are rising among apartment residents to set up solar panels in their complexes as the government started to offer more subsidies for the installation costs. The Seoul Metr...
[ THE INVESTOR ] Under the new Moon Jae-in administration, the Finance Ministry has set up renewed guidelines for next year’s budget prioritizing Moon’s key policies, such as job creation and incom...
[ THE INVESTOR ] The revised guidelines for the 2018 state budget is designed to center around the pledges of the new government including job creation and a hike in household income, the Finance M...
[ THE INVESTOR ] The number of foreign residents in Korea has been rising at a fast clip over the past decade, with their tax payment increasing more than fourfold, government data showed on May 1...
[ THE INVESTOR ] Korea’s overseas direct investment hit a record high in the first quarter of this year, government data showed on May 18. The overall overseas direct investment totaled US$10.71 b...
[ THE INVESTOR ] President Moon Jae-in’s administration was born out of an earlier-than-expected presidential election, in the wake of the ousting of former President Park Geun-hye, following the w...
[ THE INVESTOR ] Kim Sang-jo, Korea’s nominee for chief of the anti-trust watchdog, said on May 18 he would apply stricter fair trade laws to the four largest chaebol when he takes office. Often ...
[ THE INVESTOR ] US President Donald Trump said on May 17 he is willing to engage North Korea but emphasized “right conditions” as a prerequisite, Seoul’s special envoy said. Hong Seok-hyun, a fo...
[ THE INVESTOR ] The nominee to head Korea’s antitrust watchdog pledged on May 18 to scrutinize the operations of four major conglomerates. “I will assess issues related to the four major groups i...
[ THE INVESTOR ] Small and medium enterprises have urged President Moon Jae-in to help maintain their competitiveness, business watchers said on May 18. One of the forefront campaign promises by M...
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