BOK forecast to cut key rate by half point

Submitted by YONHAP on

SEOUL, Jan. 6 (Yonhap) -- South Korea's central bank is widely expected to slash
its key interest rate for January by 0.5 percentage point in a move to boost the

Foreign stock ownership hits 10-year low

Submitted by YONHAP on

SEOUL, Jan. 6 (Yonhap) -- Foreign ownership of South Korean stocks plunged to a
10-year low in November as a global financial crisis frightened investors out of

Economic crisis means 300,000 to lose jobs

Submitted by VNA on

Hanoi (VNA) - The decrease in the country's growth rate this year could entail
a loss of 300,000 jobs, or 0.65 percent of the labour force, according to the

No small banks to be closed

Submitted by VNA on

Hanoi (VNA) - Nine small banks face closure due to inadequate charter capital have
completed plans to increase funds to 1 trillion VND (57.14 million USD) each, the

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