KoreaTimes(602) - Finance, , page 1

The Korea Times

Site Map E-paper Subscribe Register LogIn
Site Map E-paper Subscribe Register LogIn

Finance

Sun, March 29, 2020 | 07:00

A US recession? Probably. Depression? Only if the virus is untamed

A US recession? Probably. Depression? Only if the virus is untamed

A U.S. recession may already be underway. Could it be worse?The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation with massive unemployment and plummeting economic output.

2020-03-28 20:43

Korea calls for allocation of Special Drawing Rights

Korea calls for allocation of Special Drawing Rights

Finance Minister Hong Nam-ki called on the International Monetary Fund to consider allocating Special Drawing Rights (SDR), an international reserve asset, to provide global liquidity amid the rapidly spreading coronavirus pandemic. Hong made his case in a video conference of the International Monetary and Financial Committee, the governing body of the IMF, which was held Fri...

2020-03-28 10:46

Will insurance shares jump on CEO buybacks?

Will insurance shares jump on CEO buybacks?

Many insurance firm CEOs have been buying back large amounts of firm shares over the past few weeks, fanning expectations that the recent nosedive in stock value in a tumbling market will recover sooner than expected, industry data showed Friday.

Lee Kyung-min | 2020-03-27 16:44

Consumer sentiment plummets due to virus spread

Consumer sentiment plummets due to virus spread

Korea's consumer confidence plummeted to the lowest level in a decade due to collapsing economic conditions amid the spread of the novel coronavirus, central bank data showed Friday.

Lee Kyung-min | 2020-03-27 16:40

Market unresponsive to BOK's move for quantitative easing

Market unresponsive to BOK's move for quantitative easing

Market unresponsive to BOK's move for quantitative easing

The nation's short-term money market has remained volatile despite the Bank of Korea (BOK)'s unprecedented decision to funnel “limitless” cash into financial institutions. Following the announcement, the three-month commercial paper interest rate surged to 2.04 percent as of Thursday, up 0.17 percentage points from the previous day, according to the Korea Financial Investment...

Lee Min-hyung | 2020-03-27 16:38

Consumer sentiment plummets due to virus spread

Hana Bank's new money transfer service

Hana Bank's new money transfer service

Tottenham Hotspur footballer Son Heung-min promotes Hana Bank's new service in this file photo. The lender said Friday it has launched a mobile automatic money transfer service through which small companies and the self-employed will be able to register their frequent transaction data in their mobile app. This enables customers to make regular transactions more easily.

Lee Min-hyung | 2020-03-27 16:05

Coronavirus to hit tourism in Asia-Pacific: report

Coronavirus to hit tourism in Asia-Pacific: report

The outbreak of the new coronavirus is feared to hit tourism in the Asia-Pacific and cause the regional number of tourists to dip more than 10 percent this year, a report said Friday. Asia-Pacific countries are likely to see their combined number of tourist arrivals drop 9 to 12 percent in 2020, bearing the brunt of the fallout from the COVID-19 outbreak, according to the rep...

2020-03-27 13:40

Foreigners dump blue chips, buy growth stocks amid turbulence

Foreigners dump blue chips, buy growth stocks amid turbulence

Since the local market crash at the beginning of the month, foreign investors have continued to dump local stocks - so far they have net sold 11.15 trillion won ($9.09 billion). Stocks that they threw away are mostly large-cap ones, such as those in the semiconductor, car and energy sectors, as these are expected to be most exposed to any looming economic recession.

Anna J. Park | 2020-03-27 08:40

[INTERVIEW] 'This is the fastest recession ever'

[INTERVIEW] 'This is the fastest recession ever'

Korea is advised to cut its key interest rate further and expand fiscal policy so as not to become an additional victim to the escalating fears from the coronavirus-driven economic shock, Antonio Fatas, economics professor at INSEAD said Wednesday. He warned that a potential global recession triggered by the COVID-19 pandemic will arrive much sooner than expected as its econo...

Lee Min-hyung | 2020-03-26 17:08

Eximbank to launch 20 tril fund for virus-hit firms

Eximbank to launch 20 tril fund for virus-hit firms

The Export-Import Bank of Korea (Eximbank) will launch a 20 trillion won ($16.3 billion) emergency fund for local firms suffering financial setbacks from the coronavirus, the state-run lender said Thursday. The move comes after the spread of COVID-19 here is on track to paralyze the export-driven local economy. Companies with a heavy reliance on overseas markets have been hit...

2020-03-26 17:07

1 2 3 4 5 6 7 8 9 10

WooriBank

Top 10 Stories

DARKROOM

Code of Ethics

Copyright