Economy
Why do young employees leave BOK?
A Bank of Korea (BOK) employee surnamed Lee said her younger peers have left for tech and analyst jobs at internet-only banks for higher salaries.
Feb 11, 2025
Lee Kyung-min
Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
Read more
Economy
Can Kyobo Life chief settle disputes with Affinity, IMM?
Expectations are mounting over whether Kyobo Life will be able to settle its years-long put option dispute with a consortium led by Affinity, a private equity fund, spurred by the recent conclusion of its seven-year dispute with Affirma Capital over a similar matter, market watchers said Monday.
Feb 10, 2025
Economy
KB retains top spot among 4 financial groups with record $3.5 bil. net income
KB Financial Group registered an all-time high net income of 5.07 trillion won ($3.5 billion) last year, underpinned by strong interest income and nonbank profits from securities, cards and insurance subsidiaries, market watchers said Friday.
Feb 7, 2025
Economy
NongHyup Bank's prosecution probe fans internal control failure concerns
The business practice of NH NongHyup Bank is undergoing continued stringent scrutiny, as evidenced by the prosecution’s Thursday raid of the lender, a holding firm and an industrial development firm over preferentially granted loans, market watchers said Friday.
Feb 7, 2025
Economy
Korea's 2024 current account surplus triples on robust exports
Korea’s current account surplus nearly tripled to over $99 billion (143 trillion won) last year, underpinned by strong exports of semiconductors and offshore equity investment income, central bank data showed Thursday.
Feb 6, 2025
Economy
Gold shines over other assets amid Trump uncertainties
Gold prices rose to an all-time high of $2,844.56 (4.11 million won) per ounce, Tuesday (local time), buoyed by investor preference for safe-haven assets amid an escalating U.S.-China tariff dispute, market watchers said Wednesday.
Feb 5, 2025
Economy
Hana Financial earns top rating in MSCI ESG evaluation
Hana Financial Group earned the highest AAA rating in the 2024 environmental, social and governance (ESG) evaluation, appraised by Morgan Stanley Capital International (MSCI), a global ESG benchmark provider, the group said Monday.
Feb 3, 2025
Economy
Retail sales post steepest fall in 21 years amid prolonged economic downturn
Retail sales fell 2.2 percent in 2024 amid the prolonged economic downturn in the postpandemic years of rapid monetary tightening and high borrowing costs, which hit consumer sentiment hard, Statistics Korea said on Monday.
Feb 3, 2025
Economy
7 in 10 listed firms undershoot market expectations in Q4 earnings: data
Seven in 10 listed companies have reported operating profits below market consensus, impeded by stagnant domestic demand and muted export growth, data showed Sunday. The collective poor performance was most pronounced with rechargeables, construction, duty free and consumer goods companies.
Feb 2, 2025
Economy
Korea overtakes Japan in per capita GDP on improved trade terms
Korea registered a per capita gross domestic product (GDP) estimate of $36,024 for last year, outstripping Japan and Taiwan, data from the finance ministry and central bank showed Sunday.Underpinning the seemingly robust performance was improvement in trade terms. Higher export prices of semiconductors, coupled with lower import prices of raw materials such as crude oil, bolstered the country’s output.
Feb 2, 2025