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The Korea Times

The Korea Times

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Economy

Thu, December 7, 2023 | 02:10

Corporate loan growth accelerates for 2nd straight quarter in Q3

Corporate loan growth accelerates for 2nd straight quarter in Q3

Corporate loan growth in Korea picked up for the second straight quarter in the third quarter from three months earlier, central bank data showed Wednesday, as companies favored loans over debt sales amid high market rates.

2023-12-06 15:15

Korea, Britain finance chiefs discuss economic dialogue, investment ties

Korea, Britain finance chiefs discuss economic dialogue, investment ties

The finance ministers of Korea and Britain on Tuesday discussed the establishment of a bilateral economic dialogue and investment cooperation channels as follow-up measures to last month's summit of their leaders, Seoul's finance ministry said.

2023-12-05 21:01

[INTERVIEW] Female leadership not just diversity issue, but survival necessity

INTERVIEWFemale leadership not just diversity issue, but survival necessity

In 2022, Korea mandated that listed companies with assets exceeding 2 trillion won must appoint at least one female member to their management teams. As a result, the percentage of female directors in Korea increased from 10.5 percent in 2016 to 14.6 percent in 2022, according to The Economist's data.

2023-12-05 16:15

Cars, batteries, instant noodles drive Korea's exports in 2023

Cars, batteries, instant noodles drive Korea's exports in 2023

Korean exports are sustaining surpluses on the back of strong performances in the automobile, batteries and instant noodles industries, despite high interest rates, geopolitical conflicts and other unfavorable global economic conditions, according to the Ministry of Energy, Industry and Trade, Tuesday.

2023-12-05 15:58

Korea's inflation slows in Nov., stays over 3% for 4th month

Korea's inflation slows in Nov., stays over 3% for 4th month

Korea's inflation grew at a slower pace in November, though it stayed above 3 percent for the fourth consecutive month amid high prices of energy and farm goods, data showed Tuesday.

2023-12-05 08:10

Korean economy to start shrinking by 2050 if low birthrate unaddressed: BOK report

Korean economy to start shrinking by 2050 if low birthrate unaddressed: BOK report

If Korea fails to raise the current birthrate - the lowest in the world - with appropriate policy measures, the country's growth rate may fall below zero percent by 2050 with its population dropping below 40 million by 2070, the central bank warned in a report.

2023-12-03 16:36

Institutions' foreign securities holdings down in Q3

Institutions' foreign securities holdings down in Q3

Korean institutions' investment in foreign securities fell in the third quarter of the year due to a slump in the value of overseas stocks, bonds and a rise in interest rates in major markets, central bank data showed Friday.

2023-12-01 15:24

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Korea's tax revenue fell 51.1 trillion won ($39.07 billion) during the first 10 months of 2023 from a year earlier due mainly to weak corporate activities and the prolonged slump in the property market, the finance ministry said Thursday.

2023-11-30 12:02

Birthrate might fall below 0.7 in Q4

Birthrate might fall below 0.7 in Q4

Korea's total fertility rate during the third quarter stood at 0.7, the lowest-ever for a third quarter.

2023-11-29 16:38

FSS chief lashes out at banks over ELS sales

FSS chief lashes out at banks over ELS sales

Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly criticized banks over their possible mis-selling of equity-linked securities (ELS) products, as large-scale losses are expected during the first half of next year due to the plunge of the Hang Seng China Enterprises Index (HSCEI).

2023-11-29 16:37

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