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KAMCO broadens cooperation with Asian markets on bad loan management

The Korea Asset Management Corporation (KAMCO) is expanding its cooperation with Asian financial authorities, drawing on nearly three decades of experience managing nonperforming loans (NPL) to help countries strengthen their financial systems, the state-run agency said Monday. Vietnam offers a clear example of that approach.

Korea's FOMO power and stock investing

Korean Confucianism’s philosophical foundation places moral responsibility, diligence and work ethic at the center of social cohesion.

  • Korean society views gambling as shameful due to Confucian values.
  • Government maintains strict ban on legal gambling in Korea.
  • Unfulfilled desire for gambling outlet mirrors Prohibition era consequences.

Australian shares slip as miners, tech stocks drag; RBA minutes in focus

Australian shares inched lower on Tuesday, dragged down by losses in miners and technology stocks, as investors awaited minutes from the Reserve Bank of Australia’s September meeting for clues on the interest-rate outlook. The S&P/ASX 200 index fell 0.2% to 8,767.80 points by 2333 GMT, after closing 0.8% higher in the previous session.

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