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Shin-hyung Lee

Hyundai Motor Group pledges 45,000 hires, $22 billion investment over 5 years

Jan 17 2018

SEOUL South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales.

Exclusive: South Korea to look at boosting outflows if won rally continues - sources

Jan 03 2018

SEOUL South Korea will look at ways to direct capital flows offshore if the won <KRW=> continues to soar, people familiar with the matter said, a move that could take heat out of the currency without upsetting Washington over the thorny topic of foreign exchange management.

Prospects for China, South Korea central bank FX swap renewal look positive: source

Oct 09 2017

SEOUL The central banks of China and South Korea appear to be on track to extend a $56 billion currency swap deal that expires on Tuesday, a senior South Korean source said, describing its prospects as "optimistic".

South Korea finmin: No firm evidence of China retaliation in missile spat

Mar 13 2017

SEJONG, South Korea South Korea does not have firm evidence that China has retaliated for Seoul's deployment of a U.S. missile defense system, so no action has been taken against Beijing, South Korea's finance minister said on Monday.

South Korea court seeks funds for Hanjin this week as crisis deepens

Sep 07 2016

SEOUL A South Korean court presiding over Hanjin Shipping Co Ltd's receivership has asked the firm's lead creditor for fresh funds, warning the container shipper needs financial support this week to normalise operations.

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