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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.

OECD lowers Korea's 2023 GDP growth outlook to 1.4%

The Organization for Economic Cooperation and Development (OECD) lowered its 2023 economic growth outlook for Korea to 1.4 percent, Wednesday, after keeping it steady at 1.5 percent in its previous forecast given in September.

Nov 29, 2023By Yi Whan-woo
OECD lowers Korea's 2023 GDP growth outlook to 1.4%

CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

The Financial Services Commission (FSC) has decided to impose a disciplinary action of a three-month suspension on KB Securities CEO Park Jeong-rim in relation to the mis-selling of problematic funds such as Lime and Optimus.

Nov 29, 2023By Anna J. Park
CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

International marriages increase at sharpest rate in 2022

Korea posted its steepest year-on-year increase in international marriages in 2022, primarily because travel restrictions were eased after years of the COVID-19 pandemic, according to data, Wednesday.

Nov 29, 2023By Yi Whan-woo
International marriages increase at sharpest rate in 2022

Over 1,000 accountants enter market every year; does Korea need more?

Since the government increased the yearly certification quota for accountants to more than 1,000 in 2019, over 1,000 newly certified accountants have entered the Korean market annually.

Nov 29, 2023By Lee Yeon-woo
Over 1,000 accountants enter market every year; does Korea need more?

KT SAT to introduce Starlink service in Korea for mobility industry

KT SAT, the satellite service arm of local telecom giant KT, said Wednesday it plans to introduce Starlink, satellite internet service developed by U.S. space firm SpaceX, in Korea.

Nov 29, 2023
KT SAT to introduce Starlink service in Korea for mobility industry

KB Financial's 'Star Friends' exhibit to run through next February

KB Financial Group held the first exhibition of its "Star Friends" characters, Tuesday, according to the firm.

Nov 28, 2023By Lee Kyung-min
KB Financial's 'Star Friends' exhibit to run through next February

Gov't price interventions heighten concerns over deceptive sales practices

The government’s push to curb food prices by twisting the arms of manufacturers appears to have backfired, as embattled manufacturers are passing on the extra costs to customers through a series of deceptive sales campaigns, thus undermining the inflation fight.

Nov 28, 2023By Yi Whan-woo
Gov't price interventions heighten concerns over deceptive sales practices

Why are major South Korean stocks persistently undervalued?

Despite South Korea's remarkable economic progress over the past decades, major companies here are still grappling with the weight of the so-called Korea discount in the stock market, a phenomenon where their equities are undervalued compared to global peers.

Nov 28, 2023By Yi Whan-woo
Why are major South Korean stocks persistently undervalued?

Jefferies to open Seoul office in January

Jefferies, a U.S.-based global investment banking firm, is set to open an office in Seoul in January next year, aiming to focus its business on corporate finance.

Nov 28, 2023By Anna J. Park
Jefferies to open Seoul office in January

Goldman Sachs remains upbeat over AI, health in 2024

Investors should pay attention to artificial intelligence (AI), software, health care and biotechnology in 2024 as these fields promise “more return dispersion across asset classes, sectors and regions, with complex choices and tradeoffs,” a Goldman Sachs Asset Management said, Monday.

Nov 27, 2023By Yi Whan-woo
Goldman Sachs remains upbeat over AI, health in 2024
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