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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.

Kakao founder questioned over stock manipulation charges

Kim Beom-su, the founder of internet giant Kakao Corp., is under scrutiny as the financial watchdog agency is widening its investigation into the firm’s alleged stock manipulation to acquire SM Entertainment earlier this year.

Oct 23, 2023By Yi Whan-woo
Kakao founder questioned over stock manipulation charges

Korea rapidly losing steam for potential GDP growth

The Korean economy is feared to lose steam rapidly in its potential growth rate, which possibly can fall below 2 percent for the first time in history this year and get worse next year.

Oct 23, 2023By Yi Whan-woo
Korea rapidly losing steam for potential GDP growth

KB Financial Group to help startups advancing into markets overseas

KB Financial Group announced that it is looking for startups to participate in its global proof of concept (PoC) program with major corporations overseas. The program, which KB launched jointly with the Korea International Trade Association (KITA), aims at supporting startups planning to advance into overseas markets.

Oct 23, 2023By Yoon Ja-young
KB Financial Group to help startups advancing into markets overseas

Drug smuggling pushes up illegal FX transactions to $9.6 billion

More than 13 trillion won ($9.6 billion) of illegal foreign currency transactions were reported over the past four years in the midst of an increase in drug trafficking and other smuggling activities, Korea Customs Service (KCS) data showed, Sunday.

Oct 22, 2023By Yi Whan-woo
Drug smuggling pushes up illegal FX transactions to $9.6 billion

Hana honors outstanding employees

Aiming to further promote its core value of customer-centered service as its highest priority, Hana Financial Group hosted a Hall of Fame ceremony on Saturday to honor top employees achieving outstanding performance in each sector of the business.

Oct 22, 2023By Anna J. Park
Hana honors outstanding employees

More young people give up job search

About 80,000 Koreans aged 15 to 29 were not employed and effectively gave up looking for jobs or acquiring additional training to get hired over the last three years, data showed on Sunday.

Oct 22, 2023By Yi Whan-woo
More young people give up job search

Kiwoom Securities becomes playground for stock manipulators

Kiwoom Securities's risk management ability is being questioned once again as the brokerage, which has the largest share of the online trading market, has been hit with huge outstanding receivables due to a trading suspension of a manipulated stock, according to industry officials, Sunday.

Oct 22, 2023By Anna J. Park
Kiwoom Securities becomes playground for stock manipulators
  • Kiwoom Securities gets green light to offer broader currency exchange services

Korea, New Jersey's financial leaders champion gender equality

Top female financial leaders in Korea, along with members of the New Jersey Economic Mission to Korea ― including the First Lady of New Jersey ― underscored the importance of uniting women to combat the discrimination that persists in the financial sector.

Oct 20, 2023By Lee Yeon-woo
Korea, New Jersey's financial leaders champion gender equality

Korea projected to join world's top 7 economies by 2040: McKinsey

Korea is forecast to grow into the world's seventh-largest economy by 2040, with per capita gross domestic product (GDP) expected to surpass $70,000, according to the head of McKinsey & Company in Korea on Thursday.

Oct 19, 2023By Anna J. Park
Korea projected to join world's top 7 economies by 2040: McKinsey
  • McKinsey expects GenAI to bring 'less toil, more joy'

BOK maintains key rate at 3.5% amid market volatility

The Bank of Korea (BOK) left its key interest rate unchanged at 3.5 percent for the sixth consecutive time, Thursday, in the face of heightened economic uncertainties that are feared to exacerbate inflation and stymie an economic recovery.

Oct 19, 2023By Yi Whan-woo
BOK maintains key rate at 3.5% amid market volatility
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