KANG KI-HEONAll it took was 15 minutes to make the biggest philanthropist and business tycoon in the United States. On Feb. 25, 1901, Andrew Carnegie, king of steel, sold his company to J.P. Morgan.The sale price was $480...
President Moon Jae-in on Friday ordered the ministries to investigate their affiliated agencies' decision making that led many of them to make dubious investments in a private equity fund suspected of large-scale fraud.
The market is mixed on the New Deal fund, a 20-trillion-won pool of money that will be used to finance the building of infrastructure for the government's New Deal Policy initiative. It is a work in progress, with many questions hanging over it.
Optimus Asset Management made billions of won in illicit transactions, embezzled money and deceived investors and brokerages, the Financial Supervisory Service (FSS) announced Thursday.
Sales of private equity funds to individuals have fallen for the 11th consecutive month, as consumer distrust grew following a series of mis-selling fiascos, industry data showed Sunday.
Emergency disaster relief funds can be spent at a hair salon located inside Emart, but not for groceries at the very same retailer. Recipients can use the funds for food deliveries ordered online, but only if they pay directly to the delivery driver.
Rival political parties and executives of major conglomerates have joined a government-led campaign for the wealthy to donate their share of emergency disaster relief funds as the country struggles to prevent a second wave of coronavirus infections