중앙데일리

Lower Rates, Wider Base for Taxes

In a comprehensive tax-cut plan, the government will lower the tax burden on wage earners while taxing a greater portion of income earned by the more affluent. The government also said it would shift to an all-inclusive concept of taxation on income, transfers and inheritance in a longer-term plan. The government said the changes would expand the tax base, allowing for the future reduction of tax rates for middle-class and working-class househo…

May 28,2001
Officials Face Tighter Rules In Moving to Private Sector

The government's ethics commission on the civil service recently blocked the appointment of a former Financial Supervisory Service official to a post in the private sector, signaling a change in Korea's much criticized employment practices. The commission's refusal Friday to allow Assistant Governor Lim Yong-woong of the regulatory service to move to Samsung Securities Co. as its new auditor is based on the law governing ethical conduct by c…

May 28,2001
[viewpoint]Recent Momentum Is Expected to Ebb

Last week, the Korea Composite Stock Price Index moved up 4 percent, ending at 624.1 points. The rally was fueled by three main factors: anticipation of increased market liquidity after the U.S. Federal Reserve Board lowered interest rates by a steep half-percentage point for the fifth time this year to boost the shaky U.S. economy; a strong rally in the U.S. Nasdaq; and high expectations for Korea's economic recovery. The Fed's surprise ra…

May 28,2001
Shipper Aims to Stay Seaworthy

Hyundai Merchant Marine Co. submitted rescue plans to Korea Exchange Bank, its main creditor, over the weekend, promising to sell a stake in the company if another cash shortage occurs. "Hyundai Merchant's special agreement includes the company's self-help plans and a promise to sell off its stake if a liquidity crisis hits again," a high-ranking official at Korea Exchange Bank said Sunday. "The agreement was a precautionary move and has not…

May 28,2001
Daehan Life Probe Starts Today

The Korea Deposit Insurance Corporation will send a team of 10 investigators today to Daehan Life Insurance to conduct a probe that will determine responsibility for the firm's insolvency. The probe would have been impossible before last year's revision to the Depositor Protection Act. Previously, investigations into firms receiving bailout funds were allowed only after bankruptcies. The deposit insurer also asked Seoul Guarantee Insura…

May 27,2001
Once N'er-Do-Wells, Shares Of Lowest Ratings Are Hot

Share prices of firms with the lowest investment grade of BBB are increasingly buoyant, outperforming the benchmark stock index. Shares of Daelim Industrial Co., rated BBB-plus, had jumped more than 74 percent to 8,800 won ($6.80) as of Friday from 5,050 won on April 17. The Korea Composite Stock Price Index gained 27 percent to 624.11 from 491.21, during the same period. As for two other issues rated BBB-plus, Hyundai Mobis rose 73 percent…

May 27,2001
Party Plans To Tighten Wealth Tax

The ruling party plans to introduce a "comprehensive approach" to taxing inheritances and gifts in order to close loopholes in the system, a party policymaker said. The new approach would add to the list of taxable items, so that taxes cannot be circumvented. At present, taxes are levied on a set number of items stipulated by the law, and wealthy people have been devising financial products that fall outside the legal definitions. "We pl…

May 27,2001
Nonsmokers to Get Cheaper Insurance

Domestic life insurance companies are offering discounts in insurance premiums to customers who do not smoke. Samsung Life Insurance Co. is selling a whole-life policy with a 10 percent discount to clients who have not smoked for more than one year before buying the product. Those with a normal blood pressure, electrocardiogram and body shape are eligible for discounts of up to 12 percent. Other life insurers, including Kyobo, Tong Yang, P…

May 27,2001
Market Touches a High For Year Before Settling

Share prices in Seoul closed slightly higher Friday, losing most of their earlier gains on foreign selling and profit-taking by retail investors. The Korea Composite Stock Price Index edged up 1.83 points, or 0.3 percent, to end at 624.11. Trading volume was very heavy at 634 million shares valued at 2.9 billion won ($2.3 million). The benchmark index jumped to 633.16, the highest this year, after Alan Greenspan, head of the U.S. Federal Re…

May 26,2001
More Room for Equities to Gain, Even if Reform Stalls

Boasting great growth potential, Korea is a key emerging market. Conceptually, a "buy and long-term hold" strategy is suitable for such a market. As shown by the 1997 financial crisis, though, danger lies in Korea.s possible absence of a self-corrective capacity, in which case only an external shock or forced collapse would restore equilibrium. Therefore, until Korea finds economic stability through corporate reform, "buy and sell" seems a more a…

May 26,2001

1 ... 1746 1747 1748 1749 1750 1751 1752 1753 1754 ... 1798