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The Korea Times

The Korea Times

The Korea Times

Finance

Markets

Wed, December 6, 2023 | 10:40

[CONTRIBUTION] Tech-centered manufacturing to pull up Korea's economy in 2024

CONTRIBUTIONTech-centered manufacturing to pull up Korea's economy in 2024

While the Korean economy is projected to grow 2.3 percent in 2024, the Bank of Korea (BOK) will likely opt to cut rates in 2024 as it moves to a less restrictive stance, in order to address risks from project finance restructuring amid waning inflation.

2023-11-08 14:50

Shares slide 2.3% after record gains over short selling ban

Shares slide 2.3% after record gains over short selling ban

Korean stocks ended more than 2.3 percent lower Tuesday as investors took profit following the previous session's sharpest-ever daily gains prompted by the country's reimposing of a ban on stock short selling. The local currency sharply fell against the greenback.

2023-11-07 16:54

'Politically-motivated' ban on short selling darkens foreign investment prospects

Low interest rate, bad debts to weigh on banks' 2024 net incomes: KIF

Low interest rate, bad debts to weigh on banks' 2024 net incomes: KIF

The combined net income of local commercial lenders will fall to 19.6 trillion won ($14.9 billion) next year from 21.6 trillion won this year, led by a slowdown in healthy asset growth associated with credit risks, and compounded by reductions in net interest margins (NIM) due to declining interest rates, according to a private think tank.

2023-11-07 16:05

Banks at loss over government's inconsistent policies

Banks at loss over government's inconsistent policies

Local commercial lenders are expressing frustration over the inconsistent policy priorities of financial authorities, according to market watchers.

2023-11-07 15:57

Soaring price makes traditional gold ring gift for babies more difficult

Soaring price makes traditional gold ring gift for babies more difficult

A pure gold ring has long been a traditional gift in Korea, given on the occasion of a baby's first birthday, a blessing of health and security for the infant.

2023-11-06 16:57

World's top 2 proxy advisers show support for KB's new chairman

World's top 2 proxy advisers show support for KB's new chairman

Institutional Shareholder Services (ISS) and Glass Lewis, the world’s two leading proxy advisories, have recommended that investors approve the appointment of Yang Jong-hee as the new chair of KB Financial Group, according to market watchers, Monday.

2023-11-06 16:31

Seoul shares sharply up Monday amid stock short selling ban

Seoul shares sharply up Monday amid stock short selling ban

Korean stocks traded bullish late Monday morning as the country launched a temporary ban on stock short selling to crack down on illegal market practices by global investment banks.

2023-11-06 11:43

More insurance firms go up for sale after valuation adjustments

More insurance firms go up for sale after valuation adjustments

ABL Life Insurance has failed to find a new owner after private equity firms (PEFs) that were pursuing the acquisition of the life insurer have all pulled out, resulting in the cancellation of the sale process.

2023-11-05 16:19

Unsecured loans rise in October on leveraged borrowing

Unsecured loans rise in October on leveraged borrowing

Unsecured loans rose over 608 billion ($460 million) in October from the month before, breaking nearly two years of sustained decline, after leveraged borrowers sought a new line of credit due to tightened mortgage rules, data showed Friday.

2023-11-03 14:53

Will NPS wield shareholder rights over Kakao?

Will NPS wield shareholder rights over Kakao?

The National Pension Service (NPS) is poised to engage more actively in its investment into Kakao, Korea's major big tech conglomerate.

2023-11-02 16:47

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