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Mon, December 16, 2019 | 10:52

[INTERVIEW] Azerbaijan learning statistics from Korea

[INTERVIEW] Azerbaijan learning statistics from Korea

Korea's expertise in statistics has paved the way for the country to enhance its reputation in developing nations.

Park Jae-hyuk | 2019-12-15 17:57

Korea's AI workforce lags behind China, Japan

Korea's AI workforce lags behind China, Japan

Korea is lagging far behind China and Japan in competitiveness of the artificial intelligence (AI) workforce, as weak local research infrastructure is causing an outflow of AI experts here, a Seoul-based research institute said Sunday. According to a survey on 30 AI experts here, Korea's AI manpower competitiveness index came in at 5.2 on a 10-point scale. By placing the inde...

Lee Min-hyung | 2019-12-15 16:52

Banks advised to compensate up to 41% of 'KIKO' losses

Banks advised to compensate up to 41% of 'KIKO' losses

The Financial Supervisory Service (FSS) said Friday that banks should compensate local exporters for up to 41 percent of losses incurred from currency-linked financial derivatives options, which caused over 3 trillion won in losses to the firms at the time of the 2008 global financial crisis.

Kim Bo-eun | 2019-12-13 15:41

Female leaders in finance consolidate presence

Female leaders in finance consolidate presence

Despite the cold of December, executives and managers of banks and state-run financial institutions flocked to the Korea Federation of Banks headquarters in central Seoul at the break of dawn, Tuesday.

Kim Bo-eun | 2019-12-13 14:37

Third internet-only bank scheduled to be unveiled Sunday

Third internet-only bank scheduled to be unveiled Sunday

The Financial Services Commission (FSC) said Thursday that it began the screening process of the applications from two consortia for a license to open a third internet-only bank, yesterday.

Lee Kyung-min | 2019-12-12 18:42

Banks allowed to sell high-risk ELTs

Banks allowed to sell high-risk ELTs

Banks will be allowed to continue selling equity-linked trusts (ELTs) after the government decided Thursday to ease the regulations on high-risk, complex financial products it had announced on Nov. 14.

Park Jae-hyuk | 2019-12-12 16:28

Korea's breadwinners keep losing jobs

Korea's breadwinners keep losing jobs

The number of jobs for breadwinners, mostly those in their 30s and 40s in the manufacturing sector, continued to drop in November, while jobs for those in their 60s and older have been on the increase, data showed Wednesday.

Lee Kyung-min | 2019-12-11 17:20

Korea aims to become leader in global customs services

Korea aims to become leader in global customs services

Korea is seeking to become a leader in global customs services by offering solutions to complex international clearance procedures in a bid to foster trade relations between local businesses and partner nations worldwide, the head of the state-run customs service agency said Tuesday.

Lee Kyung-min | 2019-12-10 17:50

[Reporter's Notebook] Financial authorities indifferent to ASEAN financial center

[Reporter's Notebook] Financial authorities indifferent to ASEAN financial center

Korea's financial authorities have come under fire for taking an indifferent attitude toward the Korea-ASEAN Financial Cooperation Center which will be established in Jakarta, Indonesia, in 2020. The establishment of the envisioned financial control tower was the Korea-ASEAN Commemorative Summit's only outcome regarding the financial sector.

Park Jae-hyuk | 2019-12-10 16:57

Seoul's home prices to continue on upward spiral

Seoul's home prices to continue on upward spiral

Prices of apartments in Seoul are expected to rise for the sixth consecutive year in 2019, the longest winning streak in history for owners, due to the mixture of a supply shortage and ample liquidity in the market, according to experts, Tuesday. The continued rise, they said, indicates that the government's anti-speculation measures, including heavier taxes and stricter rule...

Kim Bo-eun | 2019-12-10 10:57

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