Economy
2023 TOP 10 ECONOMIC NEWS Shrinking population weighs on Korean economy, companies
The year 2023 was a tough one for Korea.
Dec 21, 2023
![[2023 TOP 10 ECONOMIC NEWS] Shrinking population weighs on Korean economy, companies](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Economy
Shares of Harim Holdings soar, Pan Ocean fall after HMM acquisition announcement
Shares of Harim Holdings and its shipping subsidiary Pan Ocean, moved in the opposite direction, Wednesday, after investors showed different expectations for the poultry processor acquiring an over 57 percent stake in HMM, the country’s largest shipping firm, for 6.4 trillion won ($4.9 billion).
Dec 20, 2023
Economy
Kakao Pay, Siebert agree to terminate acquisition deal
Siebert Financial Corp. a New York Stock Exchange-listed investment consultancy, and Kakao Pay, the payment subsidiary of Kakao Corp., announced Wednesday that they agreed to terminate the previously announced stock purchase agreement.
Dec 20, 2023
Economy
Overseas real estate fund investors to see losses in H1
Investors of overseas real estate funds sold by the country’s top five banks are expected to see over 100 billion won ($77 million) in losses in the first half of next year, due to a sustained slowdown in the global real estate market, according to market watchers, Monday.
Dec 18, 2023
Economy
More firms show signs of financial distress
The number of companies showing signs of financial distress came to 231 this year, up 46 from the previous year, due in large part to soaring borrowing costs, government data showed Monday.
Dec 18, 2023
Economy
More young Koreans reluctant to get married and have children
A man surnamed Kim in his 20s said he does not want to get married.
Dec 15, 2023
Banking & Finance
Hankook & Company shares plummet after honorary chairman buys huge stake
Shares of Hankook & Company lost over 25 percent in value Friday, essentially ending a feud over management control between Chairman Cho Hyun-bum and advisor Cho Hyun-shick.
Dec 15, 2023
Economy
Seoul stocks, currency rally as Fed signals multiple rate cuts in 2024
The local stock market and Korean currency jumped Thursday on the back of overnight rallies in the U.S. stock markets after the Federal Reserve indicated three interest rate cuts to come in 2024.
Dec 14, 2023
Economy
Taxi driver receives award for reporting voice phishing scam ring
Yang Yong-wook, a taxi driver, received an award for catching a voice phishing ring member.
Dec 14, 2023
Banking & Finance
Daiso severs association with Japan
Asung HMP, the largest shareholder of Asung Daiso, a 1,000 won ($0.76) household goods store, has bought a 34.21 percent stake in Daiso Sankyo, Asung’s Japanese equity investment partner, market watchers said Wednesday. The purchase price was about 500 billion won.
Dec 13, 2023