South Korea's state pension fund lowered its exposure to large cap and other domestic shares in 2021 in an apparent bid to boost returns and diversify its portfolio, a corporate tracker said Wednesday. The National Pension Service (NPS) held stakes of 5 percent or more in 265 companies listed on the country's major and secondary bourses as of end-2021, down 10 from a year earlier, according to CEO Score. Compared with two years earlier, the number was down as many as 49. Last year, the state

Housing prices are expected to further stabilize due largely to the central bank's rate hikes and the Federal Reserve's push for faster monetary tightening, Finance Minister Hong Nam-ki said Wednesday. Hong also voiced concerns that home prices in some regions could show signs of unstable movements due to presidential election candidates' campaign pledges on large-scale development. "Housing prices have recently stabilized," Hong said at a government meeting on the housing market. H

진행: 박준희, Brolley Genster 1. HDC chairman resigns over series of Gwangju accidents 기사 요약: 정몽규 HDC그룹 회장, 잇따른 광주 사고에 현대산업개발 회장 사퇴 [1] Development Company Chairman Chung Mong-gyu stepped down Monday, apologizing for two fatal accidents at the builder‘s construction sites in Gwangju. * step down: 지위에서 물러나다  * fatal: 죽음을 초래하는 * construction site: 공사현장 [2] The HDC chief said the legal period of safety guarantees on all HDC buildings would be extended from the current 10 years t

The Mamamoo member puts behind worries, now feels ready to enjoy her work

Can democracy be snuffed out? You bet it can. Just look at what’s happening in Hong Kong. My last visit there was at the end of 2019, right before the pandemic, during what seems in retrospect to have been the final stand of the pro-democracy movement. In those days, pop-up demonstrations were a regular event, including clashes in the streets between masked activists and police officers. The Hong Kong government was already cracking down on dissent and increasingly siding with Beijing&rs

Recently, the American satirical film, “Don’t Look Up,” has been attracting widespread attention. It is a small wonder why. The film features a stellar cast: Meryl Streep is president of the US, and Jennifer Lawrence and Leonardo DiCaprio play two astronomers from Michigan State University, who have found a comet big enough to destroy humanity on a direct course to earth. The two astronomers, Kate Diviasky and Randall Mindy, try to warn the US president and the media in vain. N

Africa Finance Corp., which focuses on infrastructure across the continent, raised $400 million in a syndicated loan to bolster its balance sheet as the region seeks to recover from the coronavirus pandemic. The three-year facility, the first by the development-finance institution since 2018, was 2.5 times oversubscribed and was increased from an initial target of $300 million, it said in a statement on Tuesday. While the funds mostly replaced maturing debt, the fund raising attracted new lende

South Korean President Moon Jae-in held talks with Saudi Arabia's de facto ruler Crown Prince Mohammed bin Salman on Tuesday and agreed to work together in areas related to the hydrogen economy. After holding the talks at the Al-Yamamah palace in Riyadh, the two nations signed preliminary deals to jointly develop green hydrogen, which is produced from renewable energy sources, especially solar and wind, and jointly build a hydrogen ecosystem, Moon's office said in a statement. Under the deals,