Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
A group of retail investors will hold a candlelit vigil, Thursday, to protest the planned enforcement of a capital gains tax on stock trading income, according to the rally organizer Korea Stockholders Alliance (KSA), Monday.
Commercial lenders are rushing to fortify their respective inheritance trust businesses, propelled by demand from grandparents seeking to augment financial investment returns from their assets before transferring them without legal disputes after death, according to industry sources Sunday.
Chinese Premier Li Qiang, right, shakes hands with Samsung Electronics Executive Chairman Lee Jae-yong at The Shilla Seoul hotel in Jung District, Sunday. Li wished for Korean conglomerates including Samsung to expand their investments and cooperation with his country, while Lee expressed gratitude for Li's support for and interest in Samsung's China business. Lee added that Samsung will continue contributing to the mutual interests and cooperation of Korea and China. Li is on a visit to Korea for a trilateral summit with President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida. The three will have a sit-down, Monday. Courtesy of Samsung Electronics
A mother of two surnamed Kim said she had a hard time accepting the news report a few weeks ago of Korea's surprise growth in the first three months of the year.
The Korean economy is projected to grow 2.5 percent this year on stronger-than-expected exports, buoyed by favorable external conditions, the central bank said, Thursday. This is up from February’s forecast of 2.1 percent.
Korea does not face an imminent risk of an economic crisis, buffered by a strong external payments position, economic resiliency and solid quality of institutions, a senior analyst at Moody’s Ratings said.
Standard Chartered (SC) Bank Korea announced a promotional offer where depositors can earn up to a 3.4 percent annual interest rate on balances exceeding 30 million won ($22,143) for a duration of up to 60 days, the lender said on Friday.
The government's move to lower the ceiling for duty-free overseas direct purchases from the current $150 (203,385 won) bucks the global trend of free trade, undermining the country’s policy consistency, according to a tariff policy expert, Friday.
Woori Financial Group Chairman Yim Jong-yong, left, poses with Tata Motors Chairman Girish Wagh after signing a memoramdum of understanding to cooperate in entering India and Southeast Asia at Woori Financial Group headquarters in Seoul, Thursday. Courtesy of Woori Financial Group