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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 sees record-low births in July

The number of babies born in Korea in July sank to an all-time low, data showed on Wednesday, accelerating the looming demographic crisis and further consolidating the country's transformation into an aging society.

Sep 27, 2023By Yi Whan-woo
Korea sees record-low births in July

Over 100 money changers face suspensions, fines, criminal charges

More than 100 money exchangers were found to be engaging in money laundering and other illegal financial activities, the Korea Customs Service (KCS) announced on Tuesday, as the country is pushing to improve convenience for international travelers to help boost tourism after the pandemic.

Sep 26, 2023By Yi Whan-woo
Over 100 money changers face suspensions, fines, criminal charges

6 out of 10 seniors find income insufficient

More than six out of 10 elderly Koreans find that their income is insufficient, as the country rapidly ages with a record 1.97 million people 65 or older and living alone, according to data, Tuesday.

Sep 26, 2023By Yi Whan-woo
6 out of 10 seniors find income insufficient

Hana, Saudi EXIM Bank join hands to support Korean firms in Middle East

Hana Financial Group announced Tuesday that it signed a memorandum of understanding (MOU) with the Saudi Export-Import (EXIM) Bank to bolster cooperation in the Middle East.

Sep 26, 2023By Lee Yeon-woo
Hana, Saudi EXIM Bank join hands to support Korean firms in Middle East

Korea has world's highest senior poverty rate: data

Korea has the highest poverty rate for elderly citizens among a number of major economies with the figure standing at 34.8 percent when net income is assessed, data showed on Monday.

Sep 26, 2023By Yi Whan-woo
Korea has world's highest senior poverty rate: data

W100 bil. in losses incurred due to gross misconduct at financial firms: FSS data

Financial firms suffered more than 100 billion won ($75 million) in losses due to breach of trust by employees over the past seven years, Financial Supervisory Service (FSS) data showed on Monday.

Sep 25, 2023By Yi Whan-woo
W100 bil. in losses incurred due to gross misconduct at financial firms: FSS data

KB chief bids farewell after 9-year period at helm

KB Financial Group Chairman Yoon Jong-kyoo reflected on his nine-year tenure during a press conference at KB headquarters in Seoul, Monday.

Sep 25, 2023By Lee Yeon-woo
KB chief bids farewell after 9-year period at helm

FSS warns fisheries cooperatives over sloppy response to failed overseas investment

The Financial Supervisory Service (FSS) has issued a management caution against the National Federation of Fisheries Cooperatives (NFFC) for its sloppy response to a failed overseas alternative investment worth 50 billion won ($37 million).

Sep 24, 2023By Anna J. Park
FSS warns fisheries cooperatives over sloppy response to failed overseas investment

AI reliance could undermine financial market stability: report

Artificial intelligence (AI) could undermine financial market stability as the investment tools developed by AI share core technology, which in turn, could lead investors exposed to wider risk, a report showed on Sunday.

Sep 24, 2023By Yi Whan-woo
AI reliance could undermine financial market stability: report

Low growth becomes new normal for Korean economy

A slow pace of growth of around 2 percent or lower is feared to have become the new normal for the Korean economy, as the spillover effects of China’s economic downturn, high energy prices and soaring interest rates deal a heavier blow to exports and private spending here, according to analysts, Sunday.

Sep 24, 2023By Yi Whan-woo
Low growth becomes new normal for Korean economy
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