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Mon, September 25, 2023 | 19:30
FSS Governor visits Europe to attract financial investments
FSS Governor visits Europe to attract financial investments
Financial Supervisory Service (FSS) Governor Lee Bok-hyun has embarked on a week-long tour, Sunday, which will entail visits to three European countries: Switzerland, the U.K. and Germany. The tour aims to both promote the Korean financial industry and discuss global financial supervision issues.
Anna J. Park | 2023-09-10 15:55
No official export ban on urea by China in effect: finance ministry
No official export ban on urea by China in effect: finance ministry
Korea's finance ministry said Friday it has confirmed that China has not implemented an official ban on shipments of urea by fertilizer firms and noted that the domestic supply would remain stable even if there were any curbs.
2023-09-08 13:58
Rise in oil price clouds Korea's economic prospects: KDI
Rise in oil price clouds Korea's economic prospects: KDI
Korea's near-future economic outlook doesn't look good, a predicament largely caused by outside factors such as rising oil prices and China's domestic woes that are increasing global economic instability, according to a state-run think tank, Thursday.
2023-09-07 16:52
Financial irregularities put brakes on plan to boost number of nationwide banks
Financial irregularities put brakes on plan to boost number of nationwide banks
The government's plan to increase the number of commercial banks operating nationwide faces a setback amid a slew of financial irregularities in the banking industry. According to media reports, the Financial Supervisory Service (FSS) extended its inspection of DGB Daegu Bank, which was scheduled to end on Sept. 1.
2023-09-07 16:10
Korea's exports decline easing amid lingering uncertainties: KDI
Korea's exports decline easing amid lingering uncertainties: KDI
Korea's exports are showing signs of improvement, but uncertainties from China continue to weigh on the economy, a state-run think tank said Thursday.
2023-09-07 14:09
Corporate loan growth accelerates in Q2
Corporate loan growth accelerates in Q2
Corporate loan growth in Korea picked up in the second quarter from three months earlier, central bank data showed Thursday, mainly due to a gain in loans for the service sector.
2023-09-07 14:09
BOK chief to attend BIS meetings in Switzerland
BOK chief to attend BIS meetings in Switzerland
Korea's top central banker will attend meetings of the Bank for International Settlements (BIS) to be held in Switzerland early next week, his office said Thursday.
2023-09-07 13:57
Korea and Indonesia to deepen financial cooperation in fintech, digitalization
Korea and Indonesia to deepen financial cooperation in fintech, digitalization
Financial Services Commission (FSC) Vice Chairman Kim So-young vowed to actively support mutually beneficial business activities by private financial companies in Korea and Indonesia to deepen bilateral cooperation.
Anna J. Park | 2023-09-06 16:45
Koreans increasingly embrace cashless society
Koreans increasingly embrace cashless society
Following the transition to a cashless society, an increasing number of Koreans are no longer using wallets because their smartphones are proving to be more convenient. According to data released by the Bank of Korea (BOK), Tuesday, consumers are increasingly using digital wallets to buy goods, with the average daily number of payments ticking up 13.4 percent from a year earl...
2023-09-06 16:33
Korea's inflation set to moderate toward 2% by end-2024: IMF team
Korea's inflation set to moderate toward 2% by end-2024: IMF team
An International Monetary Fund (IMF) team said Wednesday that Korea's inflation is likely to "moderate" down the road to reach the government's target of 2 percent by the end of 2024.
2023-09-06 15:56
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Top 10 Stories
1Samsung, SK relieved by revised chip restrictions on China Samsung, SK relieved by revised chip restrictions on China
2S. Korea to stage massive military parade as tensions with North remain high S. Korea to stage massive military parade as tensions with North remain high
3Seoul, Beijing try to mend fences as Russia and N. Korea grow closer Seoul, Beijing try to mend fences as Russia and N. Korea grow closer
4Patients, doctors at loggerheads as operating room CCTV footage made mandatory Patients, doctors at loggerheads as operating room CCTV footage made mandatory
5Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation
6Mirae Asset Global Investments' AUM reaches $219 bil. Mirae Asset Global Investments' AUM reaches $219 bil.
7Bears of Joseon part 2: Behind bars Bears of Joseon part 2: Behind bars
8Lee Jae-myung's possible arrest looms over main opposition party Lee Jae-myung's possible arrest looms over main opposition party
9LG Chem to build LFP cathode plant with Huayou in Morocco LG Chem to build LFP cathode plant with Huayou in Morocco
10Low growth becomes new normal for Korean economy Low growth becomes new normal for Korean economy
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