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Gold prices hit record high on escalating US-China tensionMarketsMay 18, 2020Gold prices rose to a record high on Monday as investors sought to park their money in safer destinations amid the COVID-19 pandemic and renewed tensions between the US and China, data showed. Accor... -
Banking groups add momentum to digital financing amid coronavirus falloutMoneyMay 18, 2020Among regional financial institutions, JB Financial Group -- the holding group of Jeonbuk and Kwangju banks -- has launched Digital Community, a study group for leader-level employees to analyze digi... -
Seoul stocks close higher on hopes of global stimulusMarketsMay 18, 2020South Korean stocks closed higher Monday on hopes of global stimulus measures and rising oil prices. The local currency fell against the US dollar amid a renewed trade dispute between the United Sta... -
S. Korea to provide $53m to Latin America in coronavirus-related ODAEconomyMay 18, 2020Finance Ministry set to promote ‘K-quarantine’ model globally -
NH Investment joins consortium to acquire stake in UAE’s natural gas pipelineMarketsMay 18, 2020NH Investment & Securities, the brokerage unit of South Korea’s NongHyup Financial Group, has joined a consortium to acquire a stake in the United Arab Emirates’ state-owned Abu Dhabi National Oil Co... -
Offline applications begin for virus relief fundEconomyMay 18, 2020The application process for the government's emergency fund to ease economic pain from the novel coronavirus became available offline Monday morning. Applicants can now visit community service cente... -
Food makers enjoy two-digit profit hike amid social distancingEconomyMay 18, 2020South Korean giant food manufacturers boasted two-digit profit growth in the first three months of this year on brisk demand for instant home meal products amid coronavirus-led social distancing, dat... -
Illicit stock trading soars in 2019 amid uncertaintiesMarketsMay 18, 2020Incidents of suspected illicit stock trading soared last year, reflecting the rampant amount of false and exaggerated information in the market amid uncertainties, the Korea Exchange said Sunday. Th... -
S. Korean shares open lower on tech, auto lossesMarketsMay 18, 2020South Korean stocks opened slightly lower Monday with major techs and autos suffering heavy losses. The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.86 points, or 0.20 percent, to 1,92... -
Authorities slash subsidies for foreign banks over ‘passive’ approach toward low-rate lending programEconomyMay 17, 2020South Korea’s financial authorities have slashed government subsidies for foreign banks that they view as “passive” toward the need to support small businesses hit by COVID-19, officials said Sunday.... -
OECD leading index for S. Korean economy edges up in AprilEconomyMay 17, 2020A leading economic index for South Korea inched up in April, with Asia's fourth-largest economy being the only country among OECD member states to see such a trend, data showed Sunday. The composite... -
FSC pledges to tackle overheated ETFs amid pandemicMarketsMay 17, 2020Market contraction to some extent inevitable for long-term regulation’s sake: FSC -
Virus-hit firms look to raise capital to ensure liquidityMoneyMay 17, 2020As the number of moviegoers, air passengers and shoppers shrank sharply largely due to the coronavirus outbreak and social distancing, related companies have recently turned to fundraising efforts to... -
BOK likely to cut interest rate amid virus pandemicMarketsMay 17, 2020Amid the prolonged economic fallout from the COVID-19 pandemic, the Bank of Korea may slash its policy rate at the next monetary policy board meeting, according to local brokerages Sunday. The yield... -
![[News Focus] De facto jobless up 800,000 in South Korea since Feb. 1](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/05/16/20200516000097_0.jpg)
[News Focus] De facto jobless up 800,000 in South Korea since Feb. 1EconomyMay 17, 20204.4 million Koreans unemployed as of April on extended basis
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