Economy Archives - Page 6 of 8

FSS slaps record short selling fine on Credit Suisse

Global investment bank Credit Suisse affiliates have been fined a record amount for violating Korea’s short selling regulations. The Securities and Futures Commission under the Financial Services Commission announced that…

Govt. vows support for exports of electric equipment

Industry Minister Ahn Duk-geun said Thursday the ministry plans to offer 2.7 trillion won ($1.94 billion) in trade finance for exports of electric equipment to foster the sector as a…

Finance chief vows preemptive responses to looming ‘massive external changes’

in Seoul on Thursday. (Yonhap) Finance Minister Choi Sang-mok called for proactive and preemptive responses Thursday to prevent possible massive changes in external circumstances from affecting South Korean exports so…

First vice finance minister tapped as FSC chief

First Vice Finance Minister Kim Byoung-hwan has been nominated to lead the Financial Services Commission, South Korea’s top financial policy-making unit, the presidential office announced Thursday. In nominating Kim, the…

S. Korea’s current account returns to surplus in May

South Korea logged the largest current account surplus in 32 months in May on the back of a sharp rise in the trade surplus and increased dividend income, central bank…

FSC chief nominee vows to keep tight rein on household debts

First Vice Finance Minister Kim Byoung-hwan, the nominee to head the Financial Services Commission, said he must put in all efforts to bring down the fast growth of household debts…

Unionized workers at Samsung Electronics set to stage 3-day strike

Unionized workers of Samsung Electronics Co. are set to launch a three-day strike Monday, but the planned labor action is unlikely to disrupt production at the technology giant due to…

LGES Q2 operating profit plunges 58% as EV sales slip

LG Energy Solution Ltd., South Korea’s leading battery maker, said Monday its second-quarter operating profit plunged 58 percent from a year earlier due to slowing sales of electric vehicles. Operating…

[Photo News] Broadening Korean presence in Texas

Korea International Trade Association Chairman Yoon Jin-sik (right) receives a proclamation award celebrating the opening of KITA’s new office in Dallas from Texas Gov. Greg Abbott during a business luncheon…

4 in 10 Korean companies considering AI investment

Four out of 10 South Korean conglomerates are considering investing in artificial intelligence over the rest of the year, as they expect AI technology would drive production efficiency, a survey…