- Korea Development Bank has set out to sell off a large stake in Daewoo Engineering & Construction, the company in which it owns the controlling rights. This is a decision hastily made in a situation where the construction company's market value is less than a half of the original purchase price. Thi...
Inclusion of the Chinese yuan in the "special drawing rights" basket that forms the International Monetary Fund's unit of account implies that the yuan would be reborn as one of the world's five currencies readily available for loans to IMF members and for repayments. By 2020, it is estimated the we...
The amount of loans borrowed from savings banks by households and firms has surpassed the 40-trillion-won level, which implies that the interest burden of the borrowers has increased further as savings banks typically charge higher rates than commercial banks. According to the economic statistics sy...
Samsung Electronics' Galaxy Note 7 battery fires would have a limited and short-term impact on the battery industry. In the market for polymer-lithium batteries, the ones used mainly for smartphones, China's ATL has the largest share of 20 percent, while Samsung SDI has an 11-percent share. Accordi...
After breathing a sigh of relief as the Federal Open Market Committee decided to freeze the benchmark interest rate in September, the stock market participants in Korea are turning their attention toward the upcoming U.S. presidential election slated to be held on November 8. The first 2016 preside...