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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Korea faces prolonged inflation as fresh food prices soar

Surging prices of fresh food are posing challenges to Korea’s push to lower consumer inflation to the 2 percent target goal in the first half of 2024, according to experts, Sunday.

Mar 10, 2024By Yi Whan-woo
Korea faces prolonged inflation as fresh food prices soar

Shinhan chairman celebrates women in finance on International Women's Day

Shinhan Financial Group Chairman Jin Ok-dong highlighted the importance of women in the finance sector, commemorating International Women's Day, which fell on Friday.

Mar 10, 2024By Anna J. Park
Shinhan chairman celebrates women in finance on International Women's Day

IBK supports nurturing multicultural students into trade experts

The Industrial Bank of Korea (IBK) and the Korea International Finance Institute (KIFI) launched a joint project to nurture college students from multicultural families into trade experts. The project, provided free of charge, is part of IBK's social contribution efforts aimed at enhancing diversity and equity in society.

Mar 8, 2024By Yoon Ja-young
IBK supports nurturing multicultural students into trade experts

JB Financial signs strategic investment deal with Vietnamese fintech firm

JB Financial Group has partnered up with Infina, a Vietnamese financial platform operator, to expand its presence on the global stage, the group announced on Thursday.

Mar 7, 2024By Yi Whan-woo
JB Financial signs strategic investment deal with Vietnamese fintech firm

Quarantine rules hinder gov't efforts to tame inflation

Record spending planned by the government to address the rising prices of fresh food is being called into question as critics argue that the measure falls short of effectively addressing the failure to ease quarantine policies that restrict imports of apples and other popular fruit in Korea.

Mar 7, 2024By Yi Whan-woo
Quarantine rules hinder gov't efforts to tame inflation

Finance minister stresses banks' role in FX market reform

Finance Minister Choi Sang-mok on Thursday asked for major banks' role and support for the successful reform of the foreign exchange market, the finance ministry said.

Mar 7, 2024
Finance minister stresses banks' role in FX market reform

Eximbank signs MOU with US Department of Energy

Export-Import Bank of Korea (Eximbank) signed a memorandum of understanding (MOU) with the U.S. Department of Energy for cooperation in supply chains and eco-friendly energy, the bank announced Thursday.

Mar 7, 2024By Yoon Ja-young
Eximbank signs MOU with US Department of Energy

Upward price pressure likely to keep inflation above 3% in coming months

Consumer inflation in Korea is likely to remain above 3 percent in the coming months after rising 3.1 percent year-on-year in February, as a string of factors are causing upward pressure on prices, according to analysts, Wednesday.

Mar 6, 2024By Yi Whan-woo
Upward price pressure likely to keep inflation above 3% in coming months

NongHyup Bank employee suspected of criminal breach of trust worth nearly $8.2 mil.

An employee at NH NongHyup Bank is under suspicion of criminal breach of trust involving nearly 11 billion won ($8.2 million), the bank said Wednesday.

Mar 6, 2024By Yi Whan-woo
NongHyup Bank employee suspected of criminal breach of trust worth nearly $8.2 mil.

Shortage of caregivers will lead to $57.6 bil. economic loss: BOK

Korea is struggling to find caregivers, as demand for them is increasing in the midst of a demographic crisis but supply is falling far behind. As family members are forced to fulfill the tasks, the economic loss can be as much as 77 trillion won ($57.6 billion) by 2042, according to the Bank of Korea (BOK) Tuesday.

Mar 5, 2024By Yi Whan-woo
Shortage of caregivers will lead to $57.6 bil. economic loss: BOK
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