Economy
Copper soars as gold and silver rally
Copper prices are climbing, propelled by the recent sustained rally of gold and silver amid investors’ preference for safe-haven assets, market watchers said Friday.
Feb 21, 2025
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
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Economy
INTERVIEW BOK faces daunting rate dynamics: global credit rating agencies, IB economists
The Bank of Korea (BOK) will be in a bind over the pace of monetary easing next week, complicated by currency volatility, the stagnant economy, weakness in export growth and delayed expectations of the U.S. Federal Reserve (Fed) rate cuts, economists at global credit agencies and investment banks said Thursday.
Feb 20, 2025
Economy
INTERVIEW Trump tariff war to slow loan growth in Korea this year: Fitch-affiliated CreditSights
Korea’s leading financial groups may face slower loan growth, increased foreign exchange (FX) risks, elevated credit costs and greater pressure on capital ratios this year, according to an economist at a Fitch-affiliated firm, Wednesday.
Feb 19, 2025
Economy
Banks in dilemma over China operations
KB Kookmin, Shinhan, Hana and Woori are grappling with increasingly unfavorable business conditions in China, hobbled by recent downsizing efforts of Korean firms operating there, according to industry officials, Tuesday.
Feb 19, 2025
Economy
Hana Financial strengthens support for independence of disabled people
Hana Financial Group will launch a life-cycle based project for disabled people to help them lead a healthy and economically independent life, the group said Tuesday.
Feb 18, 2025
Economy
7 in 10 wealthy Koreans invest in gold: report
About seven in 10 wealthy Koreans have invested in gold amid the growing popularity of the safe-haven asset, according to a report, Sunday.
Feb 17, 2025
Economy
Is Korea's stock market rebounding?
The stock market is showing signs of rebounding, aided by months of low valuation in the second half of last year, market watchers said Sunday.
Feb 16, 2025
Economy
INTERVIEW More character meme coins to emerge under Trump-backed crypto policies: HashKey Global
The success of the Trump meme coin will likely inspire a wave of celebrity-branded crypto projects, a global cryptocurrency exchange executive said Thursday.
Feb 14, 2025
Economy
Why BOK is reluctant to increase gold reserves
The gold holdings of the Bank of Korea (BOK) remained unchanged for years, stymied by its policy mandate that limits the illiquid and highly volatile safe-haven asset to a “mid- to long-term consideration,” according to market experts on Thursday.
Feb 13, 2025
Economy
Commercial lenders halt gold bar sales amid surge in demand for safe-haven assets
Leading commercial lenders are either halting or limiting sales of gold bars, prompted by the rapid depletion of the precious metal supplied by Korea Minting and Security Printing Corp. (KOMSCO), a state-run organization, according to market watchers Wednesday.
Feb 12, 2025