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    Woman killed in stopped car struck by bus on highway

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    Mask mandate on public transportation to end Monday

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    Korea sets record of half million economically inactive youth

  • 7

    Video footage highlights details of stepmother's fatal abuse of 12-year-old

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    Actor Yoo Ah-in to appear for questioning Friday over alleged drug use

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    INTERVIEWNorth Korean-born chef delights Southerners' taste buds, breaks down cultural barriers

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    KAIST student becomes first Korean recipient of Apple Scholars fellowship

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    North Korea fires ballistic missile as US bombers join drills

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    Whisky sales at E-Mart outlets exceed soju sales in Jan.-Feb. period

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    Could Doosan Robotics be valued at 1 trillion won in IPO?

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    Koreans wish to work less than 40 hours per week: survey

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    Yoon faces strong political backlash after Tokyo summit

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    Centre Pompidou's Korean branch to open in 63 Building

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    Commuters still wear masks despite end of mask mandate on public transportation

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    New EU trade policies unnerve Korean firms

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    ANALYSISYoon-Kishida summit may 'raise ceiling' for trilateral cooperation with US: expert

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    Land minister fortifies city building cooperation with Indonesia

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    UBS eyeing swoop for Credit Suisse, sources say, amid fears of banking contagion

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Tue, March 21, 2023 | 19:10
OECD lowers 2023 growth outlook for Korea to 1.6%
OECD lowers 2023 growth outlook for Korea to 1.6%
The Organization for Economic Cooperation and Development (OECD) lowered its 2023 growth forecast for Korea to 1.6 percent, Friday, down from 1.8 percent in its previous outlook given in November. The outlook for Asia's fourth-largest economy contrasts with a global economic growth forecast that has been revised up to 2.6 percent from the previous 2.2 percent..
Yi Whan-woo | 2023-03-17 20:00
Credit Suisse fiasco may cause ripple effect for local markets: analysts
Credit Suisse fiasco may cause ripple effect for local markets: analysts
The risk of failure faced by Credit Suisse could see financial markets in Korea rattled due to an increase in fear over a possible global banking crisis prompted by the collapse of Silicon Valley Bank (SVB), according to analysts, Thursday.
Yi Whan-woo | 2023-03-16 16:53
International marriages hit 3-year high amid eased entry restrictions
International marriages hit 3-year high amid eased entry restrictions
The number of international marriages hit a three-year high in 2022, with the year-on-year growth rate ticking up 27.2 percent as travel restrictions for international arrivals were eased in Korea following the strict COVID-19 measures. Statistics Korea said Thursday that the number of marriages between Koreans and foreign nationals fell to 16,700 last year, down from 23,600 ...
Yi Whan-woo | 2023-03-16 16:18
FSC to strengthen capital buffer requirement on banks from Q2 or Q3 this year
FSC to strengthen capital buffer requirement on banks from Q2 or Q3 this year
Financial authorities aim to require banks to set aside an additional capital reserve called a “countercyclical capital buffer” (CCyB), on top of lenders' mandatory capital reserve buffers required for their banking business. This is to make the banking sector more accountable and adaptable to potential external liquidity threats.
Anna J. Park | 2023-03-16 15:47
Real estate accounts for more than 80% of richest Koreans' wealth
Real estate accounts for more than 80% of richest Koreans' wealth
Real estate accounts for more than 80 percent of the wealth owned by Koreans who rank among the richest 1 percent in the country, according to data, Wednesday. Statistics Korea data showed the wealthiest 1 percent of households in terms of net worth owned 3.28 billion won worth of assets in 2022. The amount was up by 379 million won from a year earlier. Net worth refers to th...
Yi Whan-woo | 2023-03-16 08:22
Korea suffers lowest job growth in two years amid population decline
Korea suffers lowest job growth in two years amid population decline
Korea added the lowest number of new jobs in two years in February, when the number of newly hired people aged below 60 fell by more than 100,000 from the month before in the face of a rapid population decline. Statistics Korea announced, Wednesday, the number of employed people amounted to 27.71 million last month, up 312,000 from a year earlier.
Yi Whan-woo | 2023-03-15 15:44
Money supply down for 1st time in nearly decade in January: BOK
Money supply down for 1st time in nearly decade in January: BOK
Korea's money supply decreased for the first time in nearly 10 years in January, largely due to aggressive monetary tightening by the Bank of Korea (BOK), central bank data showed Wednesday.
2023-03-15 14:17
FSS chief flatly denies rumors about running for election
FSS chief flatly denies rumors about running for election
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has flatly denied the long-standing rumor that he will run in the upcoming election, according to officials from the FSS. Lee reportedly stated in a closed meeting, held on Tuesday that he believes that "The FSS is an organization as important as the prosecution” and that he will “stick with the FSS like a leech and wo...
Lee Yeon-woo | 2023-03-15 14:02
Are Korean banks safe from SVB fallout?
Are Korean banks safe from SVB fallout?
The bankruptcy of Silicon Valley Bank (SVB) is raising questions over whether commercial banks in Korea are exposed to risks stemming from a sharp U.S. rate hike, which was behind SVB's downfall. Analysts said Tuesday that the management and business structure of Korean banks is quite different from that of SVB and that such differences enable local banks to withstand the adv...
Yi Whan-woo | 2023-03-14 16:12
Calls rise for bolstered deposit insurance coverage following SVB disaster
Calls rise for bolstered deposit insurance coverage following SVB disaster
The sudden collapse of U.S.-based Silicon Valley Bank (SVB) earlier this month has sent jitters across the Korean banking industry, resulting in increased calls to bolster the country's state-led deposit insurance coverage policy.
Anna J. Park | 2023-03-14 16:07
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Top 10 Stories
1Woman killed in stopped car struck by bus on highway Woman killed in stopped car struck by bus on highway
2Korea sets record of half million economically inactive youth Korea sets record of half million economically inactive youth
3Commuters still wear masks despite end of mask mandate on public transportation Commuters still wear masks despite end of mask mandate on public transportation
4[INTERVIEW] North Korean-born chef delights Southerners' taste buds, breaks down cultural barriers INTERVIEWNorth Korean-born chef delights Southerners' taste buds, breaks down cultural barriers
5KAIST student becomes first Korean recipient of Apple Scholars fellowship KAIST student becomes first Korean recipient of Apple Scholars fellowship
6COVID-hit Myeong-dong bounces back as tourists return COVID-hit Myeong-dong bounces back as tourists return
7Public officials reluctant to dine with coworkers Public officials reluctant to dine with coworkers
8Brides in early 40s outnumber those in early 20s Brides in early 40s outnumber those in early 20s
9OTT service providers negatively impacted by illegal streaming website OTT service providers negatively impacted by illegal streaming website
10[ANALYSIS] Yoon-Kishida meeting raises expectations of 3-way summit with China ANALYSISYoon-Kishida meeting raises expectations of 3-way summit with China
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