Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
The International Monetary Fund's (IMF) mission team to Korea lowered the 2025 growth outlook for the country to 2 percent, Wednesday, from an earlier projection of 2.2 percent, citing heightened uncertainties and downside risks. This year's growth estimate was trimmed to 2.2 percent, down from 2.5 percent forecasted in October.
"The stock valuation is highly notable," an industry watcher said.
The prosecution raided the headquarters of Woori Financial Group and its bank subsidiary to search for and seize evidence on Monday in an expanded probe into poorly granted loans of over 35 billion won ($25 million) under the unchallenged reign of the group's former Chairman Son Tae-seung.
Citibank Korea registered a 25-percent increase in net income in the July-to-September period from the previous year, while that of Standard Chartered (SC) Korea fell nearly 40 percent, data showed Friday.
Statistics Korea aims to boost the country's global standing in administrative data-backed population census technology, the head of the agency said Friday.
Bitcoin and other digital currencies are rallying, underpinned by investor expectations of a further spike in valuation amid eased market regulations the second administration of Donald Trump will bring.
Estranged family members will no longer be eligible to claim life insurance payouts, after the government revised the trust system law whereby claimants will be limited to those already designated by the deceased.
Korean retail investors' holdings in U.S. stocks exceeded $100 billion (141 trillion won), fueled by a rally in the world's top equity market amid domestic market stagnation.
Foreign investors’ participation in Korea’s capital market remains widely challenged, constrained by inconsistent meeting logistics, minimal English interpretation and incomplete or limited company disclosures — a recipe for persistent disadvantages in making informed voting decisions, a global nonprofit corporate governance advocacy said Sunday.