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Fri, December 1, 2023 | 08:42

Bank of Korea lowers 2024 growth outlook to 2.1 percent

Bank of Korea lowers 2024 growth outlook to 2.1 percent

The Bank of Korea (BOK) lowered its 2024 economic growth outlook for Korea to 2.1 percent, Thursday, down from a forecast of 2.2 percent made in August, citing weakening consumption and restrictive monetary policies at home and abroad. This year’s growth projection of 1.4 percent was left unrevised.

2023-11-30 16:38

Toss Bank posts first quarterly profit in Q3

Toss Bank posts first quarterly profit in Q3

With just two years passing since its launch in October 2021, Toss Bank posted a net profit of 8.6 billion won ($6.6 million) for the third quarter of this year, marking its first quarterly profit, according to the bank, Thursday.

2023-11-30 16:34

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

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.

2023-11-29 19:46

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

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.

2023-11-29 18:56

International marriages increase at sharpest rate in 2022

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.

2023-11-29 17:23

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

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.

2023-11-29 16:28

KT SAT to introduce Starlink service in Korea for mobility industry

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.

2023-11-29 11:59

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

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.

2023-11-28 16:48

Gov't price interventions heighten concerns over deceptive sales practices

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.

2023-11-28 16:38

Why are major South Korean stocks persistently undervalued?

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.

2023-11-28 15:45

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