Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Contrary to the popular belief that home is a place for family time and activities, many Koreans say they feel truly comfortable only when they are home alone, a survey showed.
Hana Bank will establish a regional office in Budapest, Hungary, in the first quarter of this year, according to the lender, Tuesday.
Kim Jin-sung, a member of an online community of retail stock investors, said he decided to keep the shares of American tech titan Nvidia.
A growing number of credit cooperatives and insurers are increasingly exposed to insolvency risks associated with borrowers in the construction and real estate industries, in what could become a full-blown series of defaults by small players, data showed Monday.
Losses investors stand to suffer from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI) will double in February from a month earlier, market watchers said Friday. The high-risk, highly-volatile index encompasses 50 shares of Chinese firms traded outside mainland China.
The local construction industry remains uneasy about the possibility of a chain reaction of insolvencies and defaults by small players, despite Thursday’s approval of engineering and construction firm Taeyoung E&C's debt renegotiation plan, according to market watchers.
Any discussions about easing the current restrictive monetary policy are premature, Bank of Korea Governor Rhee Chang-yong said, Thursday, in a move to temper market expectations of a swift rate cuts of up to 75 basis points this year.Underpinning the characterization is the country’s rapid buildup of household debt, a major financial stability concern influenced almost exclusively by real estate market sentiment. Indications of a dovish pivot in monetary policy could fuel property price hikes, negating months of stable downward trajectory.The comments were made shortly after the central bank’s rate-setting monetary policy board reached a unanimous decision to leave the key rate unchanged at 3.5 percent for the eight consecutive time.
The priorities of Samsung Electronics Executive Chairman Lee Jae-yong will be to foster the next-generation 6G technologies, as illustrated by his visit to the Samsung Research Center in southern Seoul, the firm said Wednesday. It was his first official scheduled event of this year.
The price of Bitcoin experienced a tumultuous ride on Wednesday, fueled by misinformation surrounding the approval of the cryptocurrency's spot exchange-traded fund (ETF) by U.S. authorities. This uncertainty had a cascading effect on most of Korea's assets associated with the virtual currency, causing a dip in their values with notable downward intraday movements.
The Export-Import Bank of Korea (Eximbank) and its U.S. counterpart held a roundtable to advance strategies for Korean exporters to expand its presence in the world’s largest economy, the Korean state-run lender said Tuesday. Also attending were officials of Korea Trade Insurance Corp. and local law firm Shin & Kim.