Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
An increasing number of bank employees aged 30 and younger, mostly Gen Z, are leaving, despite the high salaries and job security, market watchers said Tuesday.
Korea should revise its income tax rules to reflect increases in the price of goods and services, market watchers said Monday.
Bank of Korea (BOK) Governor Rhee Chang-yong will attend the annual meeting of central bank leaders in the East Asia and Pacific region, scheduled to kick off on Sunday, the BOK announced, Friday.
The issuance of security derivatives in the first three months of this year stood at 13 trillion ($9.4 billion), down 1.9 trillion won from a year ago, according to government data, Friday. The financial products include equity-linked securities (ELS) and derivative linked-securities (DLS).
Bank of Korea Governor Rhee Chang-yong speaks during a press conference at the central bank headquarters in Seoul, Thursday. Yonhap2 out of 6 monetary policy committee members open to potential easing in 3 monthsBy Lee Kyung-minThe Bank of Korea (BOK) will lower the key rate at an appropriate time underpinned by tempered inflation, the country’s top monetary policy maker said Thursday, in a significant dovish shift in tone suggesting an end to the 12 consecutive restrictive policy freezes over the past 18 months. However, he cautioned against expectations of an imminent rate cut. The central bank left the key rate unchanged at 3.5 percent.Chief among the risk factors in easing is the pace of household debt growth, a major financial stability consideration tied almost exclusively to the most interest-sensitive spending, according to Bank of Korea Governor Rhee Chang-yong. Also coming into play to a greater extent are the county’s growth profile and currency value.The BOK easing preceding the U.S. Federal Reserve (Fed) is not a possibility, in his v
Bitcoin prices are expected to remain in a downtrend for the time being, stymied by a selloff from the German government and Mt. Gox, a now-defunct crypto exchange in the process of redeeming investors, market watchers said Wednesday.
The stock valuation in the National Pension Service (NPS) portfolio came to a combined 155.9 trillion won ($112 billion) in the April to June period, up 9.3 trillion won from the previous quarter, data showed Wednesday.
The Korean economy could undergo months of slowdown, due to the summer monsoon season characterized by longer-than-usual periods of rain interspersed with sporadic typhoons, observers said Tuesday.
Hana Financial Group Chairman Ham Young-joo, fifth from left, poses with Financial Supervisory Service Governor Lee Bok-hyun, third from left, and other guests at the group's headquarters in downtown Seoul, Monday. They attended a Hana-organized session to share the achievements and vision of the group's environmental, social and corporate governance management. Courtesy of Hana Financial Group
Local brokerages are rushing to revise up the target price of Samsung Electronics, buoyed by its strong second-quarter performance amid increases in dynamic random-access memory (DRAM) prices, market watchers said Monday.