Regulators to up supervision of nation’s financial plumbing to prevent another crisisWASHINGTON (AP) ― Regulators are working closely to strengthen oversight of inner workings of the nation’s financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.The financial overhaul law enacted last year directs the Fed and

GM Korea Co., the Korean unit of U.S. automaker General Motors Co., unveiled the new Chevrolet Captiva sports utility vehicle in Korea on Tuesday.The new Captiva is the first Chevrolet SUV to be launched here since GM Korea, formerly GM Daewoo Auto & Technology, decided to replace all its GM Daewoo vehicles with Chevrolet models.The Captiva is the fifth Chevrolet vehicle to be launched here with t

Korean companies expect to step up cooperation with Malaysian businesses in the green energy sector, the head of a leading local business organization said Tuesday.“We want further cooperation (between the two countries’ companies) in the green energy sector such as in biofuels and batteries for electrical vehicles,” said Sohn Kyung-shik, chief of the Korea Chamber of Commerce and Industry (KCCI),

SaKong Il, chairman of Korea International Trade Association and G20 Summit Korea Coordination Committee, will attend the Trilateral Commission annual meeting April 8-10 in Washington, KITA said Tuesday.SaKong will address the “G20 and global governance” at the meeting which will also be attended by officials including former Canadian Prime Minister Paul Martin and Lawrence Summers, former U.S. Tr

While the U.S. is a major market for financial investors across the world, its complex financial laws represent a major hurdle for those looking to invest in the country. For the New York-based law firm Kirby McInerney LLP, which specializes in complex commercial litigations, that blind spot offers handsome opportunities for business with largely Asian investors who need help to navigate through i

Ho-Am Foundation on Tuesday awarded the Ho-Am Prize to four individuals and one institution to recognize their contribution to improving human lives and promoting public welfare.This year’s prizes went to Professor Ha Taek-jip of the University of Illinois for science, Professor Thomas Lee of Standford University for engineering, Professor Augustine Choi of Harvard Medical School for medicine, vio

Korea’s government budget deficit and liabilities in 2010 came in at less than previously forecast, thanks mainly to faster-than-expected growth in Asia’s fourth-largest economy, the Finance Ministry said on Tuesday.The government debt grew more than 30 trillion won ($27.6 billion) last year from a year earlier as the government had to expand borrowing to fill its budget shortfalls.According to a