On July 25, the International Monetary Fund (IMF) released its updated World Economic Outlook. It adjusted the global economic growth rate upward to 3 percent from 2.8 percent in its April forecast. The growth rate of the Korean economy for the same period was revised down to 1.4 percent, a decrease of 0.1 percentage point from the April forecast of 1.5 percent. Last year, the global share of the Korean economy fell to 1.7 percent, dropping to 13th from the previous 10th position. It is predicted to decrease to 1.6 percent by 2028.
The New South Wales Court of Appeal has rebuffed South Korean mining company KEPCO’s bid to get its coal mine project going in the fertile Bylong Valley. Jim McIlroy reports.
Bylong residents celebrate another win over coal mine greenleft.org.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greenleft.org.au Daily Mail and Mail on Sunday newspapers.
Korea Post is inviting local fund managers to bid on a socially responsible domestic equity mandate of unspecified value for its insurance unit.
The investments will be in active funds that have a socially responsible theme, and will be benchmarked against the KOSPI Total Return Index, the government postal agency says in its request for proposal on February 1.
Investments in passive and alternative strategies, including exchange-traded funds and venture funds, will be excluded.
Korea Post will select up to four managers for a one-year period each for the mandate.
Applicants must have experience managing equity funds of at least 50 billion won (US$4.45 million).