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Seoul to offer tax benefits to SMEs with virus lossesEconomyFeb 5, 2020Government promises tax benefits for affected businesses, strong measures to prevent monopolies of masks and sanitizers -
S. Korea unveils aid package worth W820b for new shipsEconomyFeb 5, 2020South Korea on Wednesday unveiled a financial package worth 820 billion won ($690 million) to help modernize aging passenger boats and cargo vessels. The package is meant to help smaller shipping co... -
S. Korea’s forex reserves hit record high in Jan.EconomyFeb 5, 2020South Korea’s foreign exchange reserves surged to a record high of $409.6 billion in January, surpassing its previous record from December, the nation’s central bank data showed Wednesday. The incre... -
Net assets of Mirae Asset’s ETF surpass W100bMoneyFeb 5, 2020Seoul-based asset management giant Mirae Asset Global Investments said Wednesday that the net asset value of its exchange-traded fund invested in the US-based Nasdaq has surpassed 100 billion won. M... -
Hahn & Co. to buy SK Chemicals’ biofuel operation for W382.5bMoneyFeb 5, 2020Seoul-based private equity house Hahn & Co. agreed to buy SK Chemicals’ biofuel operation for 382.5 billion won ($322.2 million) in cash on Wednesday. The proposed acquisition of South Korea’s No. 1... -
K-Growth to earmark W5.4tr risk capital for 2020MoneyFeb 5, 2020South Korea’s state-led fund of funds manager Korea Growth Investment (K-Growth) said Wednesday it plans to earmark a combined 5.4 trillion won ($4.5 billion) risk capital to spur venture investments... -
S. Korea eyes further economic cooperation with Russia, AzerbaijanEconomyFeb 5, 2020South Korea said Wednesday it will hold a series of meetings with counterparts in Russia and Azerbaijan this week as part of the country's drive to forge deeper ties with emerging countries of Easter... -
Concerns grow over S. Korean exports amid coronavirus crisisEconomyFeb 5, 2020Concerns are escalating over South Korea's export performance down the road amid the new coronavirus crisis, but officials say no serious fallout has been reported yet. It is widely feared that the ... -
Big firms sharply cut performance pay, dividends on dismal earningsEconomyFeb 5, 2020Major South Korean companies sharply cut payments of performance-based pay and dividends for 2019 due to abysmal earnings, industry sources said Wednesday. Top-cap Samsung Electronics Co. recently d... -
BOK board members see slow but clear signs of improvement: minutesEconomyFeb 4, 2020A majority of South Korea's monetary policy board members apparently see gradual but definite signs of improvements in economic conditions surrounding the country, minutes from their latest rate-sett... -
Patent applications for masks rise amid health concernsMarketsFeb 4, 2020Patent applications for masks have increased notably in recent years, according to South Korea’s patent administrator, reflecting growing concerns about microfine dust and epidemics, such as the new ... -
S. Korean commercial real estate to prolong boom in 2020: CBREMarketsFeb 4, 2020Investment in South Korean commercial real estate will remain upbeat this year, with total transactions exceeding 10 trillion won ($8.4 billion), according to leading US-based commercial real estate ... -
Danaher ordered to offload assets for GE biopharma unit acquisitionMoneyFeb 4, 2020Ahead of Danaher’s acquisition of General Electric’s biopharmaceutical unit for $21.4 billion, South Korea’s Fair Trade Commission on Tuesday ordered either of the two firms to divest certain assets ... -
S. Korea set to approve tougher penalties against hoarding of protective masksEconomyFeb 4, 2020South Korea is set to approve tougher penalties Tuesday against those who engage in hoarding of protective masks, as China's coronavirus outbreak has sparked a sharp rise in demand for such masks, of... -
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[News Focus] Watchdog’s final approval of sanctions puts Woori, Hana in tight spotMoneyFeb 4, 2020Top executives and board face tough decisions concerning governance, relations with financial authorities
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