SEOUL, Oct. 23 (Korea Bizwire) – Iran has been cut off from paying for South Korean imports with the United States re-imposing sanctions, and South Korea is concerned that the Korea Trade Insurance Corporation (KTIC) may be on the hook for compensation payouts for the losses sustained by South Korean companies. Representative Lee Hun, a [...]
SEOUL, Oct. 22 (Korea Bizwire) — New business trends become widespread as they are introduced from all corners of the globe each year. Recently in the U.S. and the South American country of Brazil, the idea of “sheconomy” has been gaining prominence. “Sheconomy” is a type of marketing strategy that targets women from product planning [...]
SEOUL, Oct. 22 (Korea Bizwire) — As the size of real estate-related financial funds and real estate investment trusts – also known as a type of “shadow banking system” – surpasses 300 trillion won, critics say that the government should do more to manage the risks involved with such investments. According to a financial brief [...]
SEOUL, Oct. 22 (Korea Bizwire) — More than 20 billion won in South Korean coins and bills has been traded in for new currency over the past five years. Rep. Shim Jae-chul, a member of the Strategy and Finance Committee at the National Assembly, said on Sunday that the value of damaged banknotes, including burnt [...]
SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]
SEOUL, Oct. 19 (Korea Bizwire) — As a recent governmental measure aimed at curbing prices of real estate properties has made it more difficult for individuals to obtain loans to buy properties, there has been an increasing number of people who are placing successful bids for auctions of properties that are tendered under corporations. According [...]
SEOUL, Oct. 18 (Korea Bizwire) — Nearly half of all South Koreans say they are economically unprepared for life after retirement. According to a study conducted by the Korea Insurance Research Institute, 45.9 percent of 2,440 adults surveyed said that “they were not prepared economically for the final years of their lives.” Among respondents, 38.8 [...]
SEOUL, Oct. 17 (Korea Bizwire) – There has been a rise, in recent years, of the number of South Koreans who pay national health insurance premiums, required for people to benefit from subsidized hospital bills, but yet do not pay into the national pension plan. According to data submitted by the National Health Insurance Service [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s financial industry may have reached the point of excess where its growth will only undermine further economic development. According to the Korea Institute of Finance, credit lines at South Korean financial institutions tend to concentrate on unproductive household loans and small businesses that combine to hamper financial [...]
SEOUL, Oct. 15 (Korea Bizwire) — The value of stocks that the Korea Electric Power Corporation (KEPCO) accepted from other firms in lieu of payment for electric bills were found to have fallen sharply, incurring losses totaling 11.6 billion won. According to data submitted by KEPCO to lawmaker Eoh Kiy-ku of the Democratic Party, who [...]