BIDEN’S TRIUMPH IN PRESIDENTIAL ELECTIONS MAY SPELL TROUBLE FOR KOREAN BANKS IN US

• The triumph of Democratic candidate Joe Biden in the U.S. presidential election has brought a ray of hope for both the U.S. and the global community, but his attitude towards stricter financial regulations is apparently weighing on Korean banks doing business in the world's largest ma...

S.Korea's economic downfall alarming for the world

In an October World Economic Outlook report, the IMF cut South Korea's economic growth profile this year to 2% from the previous 2.4%. The OECD has cut the projected GDP growth of the nation to 2.1% in 2019. All investment banks followed suit, lowering their outlook for the economy of South K...