Instead of setting the rhetorical goal of turning Korea into an Asian economic hub, the government must take proactive actions to achieve the goal.
Korea's economy grew at the fastest pace in two years, over twice the market estimate of 0.6 percent, as exports expanded and construction investment rose.
Young Koreans are turning to gold investments as the asset's prices reach a record high.
A series of embezzlement and breach of trust cases among several banks has sparked concern about the financial sector's internal control capabilities.
The January-March period posted a new record of foreign direct investment pledges, although realized investments halved on year.
Woori Bank may compensate investors in Hong Kong-tied derivative products for an average of 40 percent of their losses. Other banks could face larger financial burdens due to their high sales volume of the securities.
The Financial Supervisory Service's special judicial police squad raided the headquarters of NH Investment & Securities in western Seoul on Tuesday over the bloated initial public offering of FADU, a fabless solid-state drive and controller company.
Incheon Free Economic Zone unveiled its 2040 growth roadmap to attract foreign investment and expand its size.
China's Alibaba Group, the parent company of the e-commerce platform AliExpress, will invest $1.1 billion in the Korean market over the next three years.
NH Investment & Securities will initiate its first buyback in 13 years as it seeks to comply with the government's value-up program and boost shareholder return.
Korea JoongAng Daily Sitemap