Economy
Credit card user delinquency rate hits 9-year high
The delinquency rate of credit card users soared to 1.63 percent last year, which is the highest in nine years since 2014.
Mar 18, 2024
Anna J. Park
Korea Times Politics & City Reporter
Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
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Economy
NPS to open San Francisco office by Q3, expand overseas alternative investments
By Anna J. Park
Mar 14, 2024
Banking & Finance
IBK proves acumen as veteran film investor with box office hit 'Exhuma'
With occult mystery thriller film "Exhuma" becoming the latest box office hit in Korea attracting over 8 million in ticket sales in just 18 days of its opening, the Industrial Bank of Korea (IBK) is expected to reap a handsome return for its investment into the film's production.
Mar 12, 2024
Economy
20-60% compensation expected for HK-tied ELS losses
Financial authorities expect the majority of individuals who suffered from soured investments in equity-linked securities (ELS) tied to the Hong Kong stock market index to be compensated for 20 to 60 percent of their confirmed investment losses. This comes after the discovery of numerous instances of mis-selling financial products that left many mom-and-pop investors suffering huge losses.
Mar 11, 2024
Economy
Casino-related stocks struggle amid slow recovery of China's outbound tourism
A slow recovery in the number of Chinese tourists heading to Korea is contributing to a lackluster performance of domestic casino-related stocks, according to industry analysts Sunday.
Mar 10, 2024
Banking & Finance
Shinhan chairman celebrates women in finance on International Women's Day
Shinhan Financial Group Chairman Jin Ok-dong highlighted the importance of women in the finance sector, commemorating International Women's Day, which fell on Friday.
Mar 10, 2024
Cryptocurrency
Do Kwon's fate remains uncertain as Korea, US seek his extradition
The fate of Terraform Labs founder Do Kwon remains undetermined, as both Korea and the U.S. seek his extradition to their territories.
Mar 8, 2024
Economy
Korea's gender wage gap worst among 33 OECD countries: report
Korea had the biggest gender wage gap among 33 OECD countries, highlighting the skewed working conditions experienced by female employees in the country.
Mar 8, 2024
Economy
Hahn & Co. succeeds in tender offer for SsangYong C&E
Korean private equity firm Hahn & Company succeeded in its latest tender offer bid for SsangYong C&E, the country's leading cement maker, increasing its stake to about 93 percent.
Mar 8, 2024
Economy
EU delegation hosts seminar on women's challenges in financial sector marking Int'l Women's Day
Celebrating International Women's Day, which falls on March 8 annually, professional women who have made achievements in a variety of sectors shared their challenges and opportunities with audiences at a seminar, hoping to contribute to achieving gender equality in Korea.
Mar 7, 2024