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Tue, October 3, 2023 | 13:49

Pet insurance contracts grow by 22% in 1st half

Pet insurance contracts grow by 22% in 1st half

With the increase in pet ownership and pet insurance products in the country, the number of pet insurance policy contracts rose significantly during the first half of this year.

Anna J. Park | 2023-09-20 15:58

$98.4 bil. worth of overseas crypto assets reported to tax agency

$98.4 bil. worth of overseas crypto assets reported to tax agency

Korea's tax agency said Wednesday the amount of overseas cryptocurrency assets declared this year came to 131 trillion won ($98.4 billion), following the mandatory reporting requirement introduced this year.

2023-09-20 13:45

Financial regulator in dilemma over making ESG disclosures mandatory

Financial regulator in dilemma over making ESG disclosures mandatory

Financial authorities are gearing up to require companies with over 2 trillion won ($1.5 billion) in assets to submit sustainability reports starting in 2025. However, such efforts are making slow progress as companies are now urging the regulators to extend the period, citing a lack of clear guidelines and costs.

Lee Yeon-woo | 2023-09-19 16:37

Gov't scrambles to increase housing supply amid looming shortage

Gov't scrambles to increase housing supply amid looming shortage

The government appears to be scrambling to come up with measures for increasing the housing supply as concerns are growing that the nation may face a shortage of homes within a few years due to a drop in the number of housing projects amid high interest rates and rising construction costs, according to industry officials, Tuesday.

Ko Dong-hwan | 2023-09-12 15:45

Foreigners turn net sellers of Korean stocks in August

Foreigners turn net sellers of Korean stocks in August

Foreign investors turned net sellers of Korean stocks in August amid woes over a slowdown in the Chinese economy, central bank data showed Tuesday.

2023-09-12 14:00

Retail investors flock to bond investments

Retail investors flock to bond investments

Retail investors have been flocking to the bond market throughout this year, resulting in an all-time high in bond purchases.

Anna J. Park | 2023-09-11 16:51

Doosan Robotics' upcoming IPO draws positive market responses

Doosan Robotics' upcoming IPO draws positive market responses

Robotic arm models developed by Doosan Robotics / Courtesy of Doosan RoboticsBy Anna J. ParkThe upcoming IPO of Doosan Robotics, the largest public offering candidate for the Korean stock market this year, is facing a buoyed market response over the news that it kicked off a week-long book-building process, Monday. The market's excitement is also evidenced in the surge of the...

Anna J. Park | 2023-09-11 15:54

Diesel car owners nervous as China limits exports of urea

Diesel car owners nervous as China limits exports of urea

Diesel car owners and retailers selling liquid urea in import-dependent Korea are concerned about a possible shortage of the substance after news reports surfaced that China has limited exports of the organic compound, according to industry officials, Sunday.

Ko Dong-hwan | 2023-09-10 16:07

[Contribution] What G2 growth divergence means for Korea

ContributionWhat G2 growth divergence means for Korea

Despite concerns about a property-driven downturn in growth in China, Korean exports are likely to improve thanks to a manufacturing recovery in both the U.S. and China. In the medium term, Korean trade is likely to be influenced greatly by the U.S.

2023-09-10 13:24

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares down for 4th day on tech losses, rate woes

Seoul shares ended lower Friday following tech losses on Wall Street amid concerns over China's ban on Apple Inc.'s use by government officials and the Federal Reserve's possible rate hikes. The Korean won rose against the U.S. dollar.

2023-09-08 20:15

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