Economy
Cash most favored present on Parents' Day, Children's Day: survey
Cash topped the list of the most wanted present for parents and children, a survey showed Sunday.
May 5, 2024
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Economy
Smart teller machines replace ATMs at banks
Banks are installing smart teller machines (STMs) as an alternative to the old automated teller machines (ATMs) to help expedite digitalization.
May 5, 2024
Economy
Bitcoin fizzles due to lack of retail sales momentum amid overbought positions
The weeks of Bitcoin's price decline are unlikely to witness a rebound, hamstrung by a lack of near-term bullish momentum in a market defined by retail investors with overbought positions, market watchers said Friday.
May 3, 2024
Economy
Leveraged retail investors frustrated by tumbling US chip shares
Retail investors holding leveraged positions in shares of major U.S. semiconductor companies are facing significant losses. These losses have been exacerbated by a wave of global brokerage firms lowering their growth forecasts for the coming quarters, market analysts reported on Friday.
May 3, 2024
Economy
BOK faces daunting rate dynamics amid steady Fed
The much-anticipated monetary easing by the Bank of Korea (BOK) is expected to stall, complicated by the higher-for-longer path of the U.S. Federal Reserve (Fed), plunging Korean currency against the U.S. dollar, slowing disinflation and unmuted growth of household debt, market watchers said Thursday.
May 2, 2024
Economy
Vietnam's financial regulator gains insight into Korea's distressed loan management
Vu Ne Tang, acting chief of Vietnam's National Financial Supervisory Commission, expressed gratitude to Korea for sharing its experience and knowledge in managing distressed loans.
May 2, 2024
Economy
Financial groups support venture startups
The country's leading financial groups are fortifying their social venture programs, aiming to identify and support young entrepreneurs in industries poised to drive future growth.
May 1, 2024
Economy
Korea among advanced Asian countries with tempered inflation: IMF
Korea was among the few advanced economies in Asia that were able to temper inflation, according to the International Monetary Fund (IMF), Tuesday.
Apr 30, 2024
Economy
Hana Financial joins global ESG initiative
Hana Financial Group has joined the Impact Disclosure Taskforce, an international environmental, social and corporate governance (ESG) drive led by JPMorgan Chase and Natixis Bank, two global financial service powerhouses, the group said Monday
Apr 29, 2024
Economy
Plunging Korean won causes FX losses for financial groups
Korea's leading financial groups have incurred significant foreign exchange (FX) losses in the first three months of this year, crippled by the plummeting value of the country's won against the U.S. dollar, market sources said Monday.
Apr 29, 2024