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Finance

Economy

Wed, May 25, 2022 | 15:18

Users of mobile financial services grow over 2 years

Koreans' use of mobile banking and other online financial services increased in 2021 from two years earlier as customers preferred non-contact services amid the coronavirus pandemic, central bank data showed Wednesday.

2022-05-25 14:24

Business sentiment slightly improves for June

Korean's business sentiment slightly improved for June, a central bank survey showed Wednesday.

2022-05-25 10:36

Consumption of gasoline, diesel sinks 18 pct in April

South Korea's consumption of gasoline and diesel sank more than 18 percent in April from a year earlier due to high international crude prices, data showed Wednesday. Asia's fourth-largest economy consumed a combined 17.4 million barrels of gas and diesel last month, down 18.3 percent from a year earlier, according to the data from the state-run Korea National Oil Corp.

2022-05-25 09:33

Consumers' inflation outlook hits 10-year high

Consumers' expectation for inflation hit its highest level in nearly a decade at 3.3 percent in May, according to a Bank of Korea survey (BOK), Tuesday, fueling concerns of intensifying inflationary pressure amid soaring oil and raw materials prices. Accordingly, it is presumed that the BOK may raise its key rate faster than expected to preemptively keep inflation under contr...

Yi Whan-woo | 2022-05-24 17:00

Vice president of accountants' organization to head FSS

Lee Byung-rhae, vice president of the Korea Institute of Certified Public Accountants (KICPA), will lead the Financial Supervisory Service (FSS) as the first governor of the watchdog under President Yoon Suk-yeol's new administration. Lee is a financial expert who has led major government organizations such as the Korea Financial Intelligence Unit and the Korea Securities Dep...

Lee Min-hyung | 2022-05-24 15:59

Household debt from credit loans down for 1st time in decade amid rising borrowing costs

Korea's household debt from credit loans shrank for the first time in about a decade in the first quarter of the year amid rising borrowing costs and tough lending rules, central bank data showed Tuesday.

2022-05-24 14:16

Exports by large firms grow at fastest pace in 2021 amid economic recovery

Exports by large Korean companies rose at the fastest pace on record in 2021 as demand for semiconductors and autos remained robust amid the global economic recovery, data showed Tuesday.

2022-05-24 13:58

PM says need for corporate regulations to be guided by market

Prime Minister Han Duck-soo said Tuesday there was a need for the government to be guided by the market in adopting corporate regulations.

2022-05-24 13:43

BOK surely to raise key rate again this week amid inflation woes: poll

Almost all market watchers expect the Bank of Korea (BOK) will raise its key interest rate this week to combat inflation and align with monetary tightening in major economies, a poll showed Tuesday.

2022-05-24 11:34

Consumer sentiment down in May amid inflation woes

Korea's consumer sentiment worsened in May amid worries that monetary tightening to rein in inflation could undercut economic growth, a central bank survey showed Tuesday.

2022-05-24 09:49

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