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Tue, July 7, 2020 | 23:54

Controversial revision criticized as pro-union

Controversial revision criticized as pro-union

The government is drawing criticism for its push to revise a law, Tuesday, a move that's being called pro-labor and anti-business, mostly because it would allow expanded membership of a company union to include dismissed workers as well as those not employed by the firm. Also to be allowed is legal recognition for the Korea Teachers' and Education Workers' Union (KTU), a grou...

Lee Kyung-min | 2020-07-07 17:20

[Reporter's Notebook] Unending controversy surrounding capital gains tax

[Reporter's Notebook] Unending controversy surrounding capital gains tax

Retail investors' disgruntled voices are being raised over the government's planned capital gains tax scheme, which will go into effect in 2023.

Anna J. Park | 2020-07-06 18:05

Do fintech services expose users to greater risks?

Do fintech services expose users to greater risks?

Leading financial services platforms' announcements of measures to protect consumers that fall victim to fraud are raising questions about whether fintech services expose users to greater security risks.

Kim Bo-eun | 2020-07-06 17:54

[INTERVIEW] Green investment vital to 'Korean New Deal'

[INTERVIEW] Green investment vital to 'Korean New Deal'

The government should forgo salvaging “zombie firms” and divert the state resources to financing state-run projects and companies with green initiatives, in a streamlined, measured approach to advance the “Korean New Deal,” a grand vision to identify the country's new growth engine post the COVID-19 pandemic, a noted economist said Monday.

Lee Kyung-min | 2020-07-05 17:06

Will corporate venture capital salvage flagging economy?

Will corporate venture capital salvage flagging economy?

Corporate venture capital (CVC) will be a double-edged sword that could both galvanize the flagging economy and exacerbate polarization of wealth based on the principle of “economies of scale,” experts said.

Lee Kyung-min | 2020-07-05 17:05

Is P2P lending viable?

Is P2P lending viable?

Peer-to-peer (P2P) lending, which was regarded as an innovative fintech service, is now facing questions over its viability, based on rising delinquencies and the latest cases of fraud.

Kim Bo-eun | 2020-07-05 16:07

'The stronger the push, the higher the price will jump'

'The stronger the push, the higher the price will jump'

The government's headstrong push to continue its failed real estate policies will only disorient the market, drawing backlash from the public whose prospects of affordable housing are deteriorating, market watchers and economists said Friday.

Lee Kyung-min | 2020-07-03 17:28

Gov't on alert over rising meat price

Gov't on alert over rising meat price

Vice Finance Minister Kim Yong-beom, center, presides over a meeting on the nation's strategic growth at the Seoul Government Complex, Friday. He said the ministry will keep a close eye on rising beef and pork prices. Meat prices have been on the rise, as households consume more livestock products amid the COVID-19 pandemic. Courtesy of Ministry of Economy and Finance

Lee Min-hyung | 2020-07-03 16:37

Gov't to closely monitor beef, pork prices amid soaring demand

Gov't to closely monitor beef, pork prices amid soaring demand

South Korea will closely monitor prices of beef and pork amid soaring demand, Vice Finance Minister Kim Yong-beom said Friday. Consumer prices of beef and pork jumped 16.4 percent and 10.5 percent on-year, respectively, in June, according to data released by Statistics Korea.

2020-07-03 09:58

'Tax burden will be alleviated for investors'

'Tax burden will be alleviated for investors'

The vice finance minister on Thursday defended the government's plan to introduce a capital gains tax following a strong backlash from investors.

Kim Bo-eun | 2020-07-02 16:47

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