Articles by 김주연
김주연
-
‘Asia faces destabilizing capital inflows’
Credit Suisse regional chief says inflationary pressure won’t continueInflationary pressure from soaring food prices is not likely to continue in Asia but a new round of capital inflows from May could destabilize regional economies, said Osama Abbasi, CEO of Credit Suisse Asia-Pacific.“It is in our view that food price is pretty much capped out. Further acceleration of food price is unlikely,” Abb
April 12, 2011
-
Koreans’ overseas spending hits record high
Koreans’ overseas spending exceeded a record high 20 trillion won ($18.4 billion) in 2010, as more travelers and students abroad took advantage of the strong won, the Bank of Korea said Monday.The country’s nominal overseas spending reached 20.3 trillion won last year, up 15.4 percent from 2009. It is the highest level of annual spending from overseas since 1970 when officials began collecting dat
April 12, 2011
-
IMF to host job fair in Seoul next week
The International Monetary Fund is hosting a recruitment drive in Seoul next week for positions in its Technology and General Services Department, it said Monday.The all-day event slated for April 19 is part of the lender’s regional job fair to recruit East Asian candidates. The event will take place at Grand Interncontinental Hotel and may include on-cite interviews. Positions are open for facili
April 11, 2011
-
CJ Cheiljedang to invest W3tr on bio products
CJ Cheiljedang Corp. will spend three trillion won ($2.78 billion) by 2015 on building facilities and an R&D center to make bio products, the food maker said Friday. “We’re making investment into our Asia and North American market where we will invest about three trillion won,” it said. The investment may include building new factories or establishing strategic alliance with food companies abroad,
Industry April 8, 2011
-
Seoul to launch online oil market
Measure seeks price transparency; P.M. says will consider cutting taxThe government on Wednesday said it will launch an online market for oil products and boost competition among suppliers in a package of measures to lower fuel prices. The proposal submitted by a pan-governmental task force also said that the government will consider cutting fuel taxes in the long-term if price hikes continue to w
April 6, 2011
-
[Meet the CEO] Korea Investment seeks hedge fund edge
CEO Ryu says brokerage will lead market on its strength in wealth management, risk controlKorea Investment & Securities is enhancing its private equity operations as the nation’s major brokerage seeks to get ahead in the burgeoning domestic hedge fund industry.Chief executive officer Ryu Sang-ho said the company will launch a hedge fund-style investment vehicle this month to bet local stocks and f
April 6, 2011
-
Inflation picture worsens as food prices rise
Leading processed food companies and franchises have upped their prices in the past week, adding to the already-high inflationary pressure.The industry-wide increase arrived following an almost 10 percent price hike by sugar manufacturers in December. The industry’s No. 4 DongA One said it will raise wholesale prices of flour by 8.6 percent starting Tuesday.Haiti Confectionary & Foods increased wh
April 5, 2011
-
[News focus] 44% of Korea’s tenants now rent
More low-income class pushed to live in rented homes as ‘jeonse’ fees riseA growing number of homeowners are shifting from the uniquely Korean way of leasing property based on lump-sum deposits, called jeonse, in favor of a monthly rental system. Research showed on Monday the portion of tenants living on monthly rent doubled over the past 16 years, driven by low interest rates, falling home prices
April 5, 2011
-
[Herald Interview] Citroen reenters Korea with higher hopes
French carmaker Citroen aims to sell up to 2,500 cars a year in Korea when it resumes imports of vehicles after a nine-year hiatus, Eric Dumondelle, chief of the company’s Asia Pacific division said Thursday. Introducing a series of models including DS3 models it will launch in the Korean market at the Seoul Motor Show 2011, Dumondelle said Citroen hopes to benefit from the Korea-EU Free Trade Agr
Industry April 1, 2011
-
Lee lauds Buffett for his donation activity
President Lee Myung-bak said Monday that Warren Buffett's continued donations have inspired many Korean firms to rethink their social responsibility. "(Your activity) has become a good example for companies in Korea and has aroused a lot of discussions on corporations' social responsibility," Lee said in a 45-minute meeting with the well-known American investor at the presidential office Cheong
Industry March 21, 2011
-
KNOC buys stake in U.S. oil field
State-run Korea National Oil Corp. has purchased a 23.67 percent stake in a U.S. oil field from Anadarko Petroleum Corp. for US$1.55 billion, the government said Monday. The shale oil field in the Maverick Basin region in Texas near the U.S.-Mexico border is estimated to hold 491 million barrels of oil equivalent, said the Ministry of Knowledge Economy, adding that KNOC will secure 116 million B
Industry March 21, 2011
-
Quake clouds Seoul market with uncertainty
Financial authorities foresee limited impact on stocks and foreign exchangesThe worst earthquake in Japanese history has increased fears of a dip in the South Korean market, which is already fragile because of Middle Eastern unrest and price volatility.A 9.0-magnitude quake slammed the country’s northeast coast on Friday, killing more than 10,000 people, sending tsunami fears across the Pacific, a
March 13, 2011
-
FTC OKs Hana’s purchase of KEB
The Fair Trade Commission ruled on Thursday Hana Financial Group’s takeover of Korea Exchange Bank does not violate competition rules, bringing the nation’s fourth largest banking group a step closer to winning regulatory approval due next Wednesday.The watchdog notified the Financial Supervisory Commission that the planned purchase does not necessarily reduce competition in the industry as the nu
March 10, 2011
-
NPS halts trading with Deutsche Bank Korea
Korea’s biggest investor the National Pension Service said Thursday that it would stop placing stock and derivative orders with the Korean branch of Deutsche Bank AG for six months following the regulator’s six-month suspension of the local unit. The pension fund will not trade through the German brokerage “to limit exposure to institutions that received regulatory penalties, in order to reduce th
March 10, 2011
-
[Herald Interview] Korea hopeful of G20 progress on global imbalance
The Group of 20 major economies are likely to come up with different numerical current account targets for each member nation in April to correct global trade imbalances, said Sohn Byung-doo, director general of the newly established G20 bureau at the Finance Ministry.Updating on the G20 agenda, Sohn said the G20 is on its way to delivering optimum trade surplus and deficit targets that cater for
March 9, 2011
Most Popular
-
1
Can Korea break away from apartment fixation?
-
2
Does cross atop Christmas tree at Seoul Plaza reflect religious bias?
-
3
Chief auditor, prosecutors to face Assembly impeachment vote
-
4
[AtoZ into Korean mind] ‘Tell me I fit in'
-
5
Who helped bring star-studded K-drama series 'The Trunk' to life?
-
6
'Chairman Bang took on risk himself and agreed to put-back option,’ Hybe says
-
7
[KH Explains] Will Northvolt's fall ease talent shortage for Korean battery makers?
-
8
[From the Scene] Seoul's self-driving bus: What to know
-
9
Singer Kim Jun-su's alleged blackmailer arrested for blackmail
-
10
UN talks on plastic treaty end without agreement