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    Revenge rises as key theme in K-dramas

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    Consumers choose to travel abroad over purchasing luxury goods

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    Sexual assaults by Korean diplomats continue despite zero-tolerance policy

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    Outback Steakhouse sees sales soar as it opens stores in large shopping malls

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    Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared

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    INTERVIEWKorean adoptee in Germany reunites with birth family after 42 years

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    Apple working on expanding Apple Pay service in Korea: senior executive

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    Campaign launched to promote equal treatment for multicultural families

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    Investment banks compete for HMM sale advisory roles

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    INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots

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    Zebra captured after escaping from Seoul zoo

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    Korean firms balk at donating to fund compensating victims of Japan's forced labor

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    World water day

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    Main opposition leader indicted, faces calls to resign

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    Jeon Jong-seo discusses her first Hollywood role in 'Mona Lisa and Blood Moon'

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    Korean pension fund hit by overseas banking crisis

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    Childbirths sink 6% to fresh low in January

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    Sandstorm from China forecast to push up fine dust levels in Korea

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    Hyundai Heavy achieves world's first 200 million BHP milestone

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    Opposition leader indicted over development corruption scandal

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Fri, March 24, 2023 | 06:24
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
Fitch keeps Korea's credit rating unchanged at 'AA-,' outlook stable
Fitch keeps Korea's credit rating unchanged at 'AA-,' outlook stable
Global credit appraiser Fitch Ratings said Monday it has reaffirmed Korea's sovereign rating at "AA-" with a stable outlook, while suggesting an economic growth of 1.2 percent this year.
2023-03-13 18:23
Financial markets show resilience to SVB collapse
Financial markets show resilience to SVB collapse
Financial markets in Korea remained resilient, Monday, in the face of the sudden bankruptcy of Silicon Valley Bank (SVB) that prompted concerns of an exodus of foreign capital in search of safer assets and a surge in market volatility. The benchmark KOSPI advanced 16.01 points, or 0.67 percent, to close at 2,410.60, following a three-day losing streak until Friday when SVB be...
Yi Whan-woo | 2023-03-13 16:57
  • Biden tells US to have confidence in banks after collapse
  • SVB collapse adds to woes of NPS' record investment loss
  • Large exposure limits for banks to be extended again amid SVB fallout
Large exposure limits for banks to be extended again amid SVB fallout
Large exposure limits for banks to be extended again amid SVB fallout
The financial authorities will extend the large exposure (LEX) limits for banks again this year because of expanding market volatility caused by the collapse of Silicon Valley Bank (SVB) following a liquidity crunch.
Lee Yeon-woo | 2023-03-13 16:00
  • Biden tells US to have confidence in banks after collapse
  • Financial markets show resilience to SVB collapse
G20 Sherpa ambassador highlights importance of understanding statistics
G20 Sherpa ambassador highlights importance of understanding statistics
Ambassador for International Cooperation on G20 Affairs Song In-chang, who is also an elite public official with expertise in economics and international finance, strongly advises the public to become savvy with statistics. His interest in statistics grew after realizing that a solid understanding of statistics is a precursor to drawing up beneficial policies, which in turn c...
Anna J. Park | 2023-03-13 09:00
12 3 45678910
Top 10 Stories
1[INTERVIEW] Korean adoptee in Germany reunites with birth family after 42 years INTERVIEWKorean adoptee in Germany reunites with birth family after 42 years
2Will exempting foreign nannies from minimum wage boost Korea's birth rate? Will exempting foreign nannies from minimum wage boost Korea's birth rate?
3Retailers rush to adopt Apple Pay system Retailers rush to adopt Apple Pay system
4[INTERVIEW] Expert pitches Laotian rural reform to solve NK's chronic food shortages INTERVIEWExpert pitches Laotian rural reform to solve NK's chronic food shortages
5Daughter of North Korean dictator seen wearing $1,900 Dior jacket Daughter of North Korean dictator seen wearing $1,900 Dior jacket
6[INTERVIEW] Forbes-listed entrepreneur pursues partnerships with Samsung, LG, SK to help Ukraine INTERVIEWForbes-listed entrepreneur pursues partnerships with Samsung, LG, SK to help Ukraine
7Will Apple Pay launch boost local iPhone sales? Will Apple Pay launch boost local iPhone sales?
8[INTERVIEW] 'Welcome to world of art therapy' INTERVIEW'Welcome to world of art therapy'
9Indonesian students advise Korean bank on entering Indonesian market Indonesian students advise Korean bank on entering Indonesian market
10Korea to start mass production of KF-21 in 2024 Korea to start mass production of KF-21 in 2024
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