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South Korea eyes ‘travel bubble’ to revitalize aviation industryEconomyMar 3, 2021South Korea will pursue quarantine-free, international travel agreements with other countries and lift other virus-related restrictions to prop up the aviation industry struggling to survive amid a s... -
S. Korea proposes W15tr extra budget for COVID-19 relief fundEconomyMar 2, 2021South Korea proposed this year’s first extra budget worth 15 trillion won ($13.3 billion) Tuesday, to cover emergency relief funds for small business owners and the jobless population reeling from th... -
S. Korean authorities raise red flag over crypto frenzyEconomyFeb 23, 2021South Korea’s top financial authorities sounded warning bells about the absence of underlying value that digital coins hold, as speculative fever has been sweeping cryptocurrency markets in recent mo... -
ADB appoints Korean expert as new director for first time in 15 yearsEconomyFeb 22, 2021The Asian Development Bank has appointed a Korean international development expert who has been working at the multilateral institution for 27 years, as managing director general, the Finance Ministr... -
FSS warns investors of IPO launched by loss-making tech firmsMarketsFeb 18, 2021The Financial Supervisory Service on Thursday warned retail investors to be cautious of initial public offerings launched by promising but still loss-making companies, stressing that short-term gains... -
Selective relief handouts more effective than universal program: OECD chiefEconomyFeb 17, 2021The head of the Organization of Economic Co-operation and Development said Wednesday that targeted support programs for low-income earners and small businesses will be more effective tool for South K... -
Housing prices cooling after supply measures: ministerEconomyFeb 17, 2021The nation’s fiscal chief said Wednesday that housing prices had cooled down since the government announced new supply measures earlier this month. At a meeting with related ministers, Finance Minis... -
Hana Financial chief, a year before retirement, seeks 4th termMoneyFeb 16, 2021The incumbent chairman of Hana Financial Group is seeking a fourth term, which would make him, if elected, the longest-serving chief of a financial institution in South Korean history. Hana Financia... -
New Seollal tradition: Cash transfers, gift cardsMoneyFeb 13, 2021The social distancing rule that prohibits a gathering of more than five people during the Lunar New Year holiday has led Koreans to seek practical alternatives to the tradition of gifting cash to chi... -
Financial authorities defend dividend cap on banksEconomyFeb 8, 2021The nation’s top financial regulators said Monday that their recommendation for lenders to limit dividend payouts was in line with global standards, rebutting criticism that it constituted excessive ... -
South Korea to add 830,000 housing units by 2025EconomyFeb 4, 2021South Korea plans to supply 830,000 housing units in Seoul and other big cities by 2025 through housing redevelopment projects led by state-run agencies, marking the largest-scale supply measure yet ... -
![[Newsmaker] Ruling camp bigwigs clash over COVID-19 relief funds](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/02/03/20210203000909_0.jpg)
[Newsmaker] Ruling camp bigwigs clash over COVID-19 relief fundsEconomyFeb 3, 2021Tensions flared between South Korea’s fiscal chief and the ruling party leader on Wednesday, as they publicly disagreed over the timing of an additional release of COVID-19 relief funds and who shoul... -
Fear on Korean version of GameStop loomsMoneyFeb 2, 2021Tension in South Korea’s financial market escalated Tuesday over groups of retail investors vowing to defend themselves in battles with short sellers here if the government moves to lift a temporary ... -
S. Korea to add 3,000 electric car charging stations this yearEconomyFeb 1, 2021South Korea plans to set up 3,000 rapid charging stations for electric vehicles by the end of this year to expand the use of eco-friendly cars, the Finance Ministry said Monday. “Creating convenient... -
Mirae Asset Daewoo logs over W1tr in operating profitMoneyJan 29, 2021South Korean brokerage firm Mirae Asset Daewoo said Friday its consolidated operating profit exceeded 1 trillion won last year, making it the first Korean financial company to reach the milestone It...
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