Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Per capita productivity of employees at internet-only lenders was 2.4 times higher than their peers at traditional lenders in the first half, market data showed Tuesday.
Bitcoin plummeted to $57,000 (78 million won), weighed down by large selloffs by U.S. investors amid a lack of factors that will increase its price, market watchers said Monday.
The retail sales index including sales at eateries declined for the 16th consecutive month in July. This was the longest period of downtrend since the nation’s statistics agency began compiling private consumption data in 2010.
Korea is expected to face a 30 trillion won ($22 billion) tax shortfall this year, crippled by the carryover effects of steep declines in corporate tax revenues from 2023, according to financial authorities, Sunday.
Hana Financial Group Vice Chairman Lee Eun-hyung, sixth from left in the second row, and participants of the "18th Smart Ambassadors" program make a hand gesture symbolizing one, or "hana" in Korean, at the group's headquarters in Seoul, Friday. The students concluded three months of promotional campaigns for the group. Courtesy of Hana Financial Group
Over 10,000 foreigners purchased property in Korea from January to July this year, a 22 percent increase compared to the previous year, publicly disclosed court data showed, Sunday.
Commercial real estate-backed offshore property market funds are registering rapid losses, hamstrung by sustained high borrowing costs, an industry-wide slump and post-pandemic high vacancy rates, market watchers said Thursday.
What if you're offered up to 300,000 won ($224) to make a simple delivery of a shopping bag to someone?
Top executives and employees of Woori Financial Group and its banking subsidiary, Woori Bank, will fully comply with the sanctions of the country’s financial supervisory authorities, the group chairman said Wednesday.