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Entertainment & Arts

Qatar 2022

SCMP
Asia

Finance

Mon, December 5, 2022 | 07:08

Wealthy Koreans invest less in financial products, more in real estate

Wealthy Koreans invest less in financial products, more in real estate

Wealthy Korean nationals are investing less in financial investment products and more in real estate, according to data released Sunday. In a survey of 400 people who have 1 billion won ($768,000) or more in their financial assets, KB Financial Group said stocks, bonds, derivatives and other financial investment products accounted for 36.6 percent of their total wealth in 202...

Yi Whan-woo | 2022-12-04 22:25

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial promotes mental health with Dr. Oh Eun-young

Hana Financial Group announced Sunday that it hosted a presentation with renowned psychiatrist Dr. Oh Eun-young late last week to provide practical advice for the group's employees to address mental health issues both at work and at home. About 500 workers attended the event held on Friday at Hana Global Campus, the financial group's employee training facility located in Inch...

Anna J. Park | 2022-12-04 16:54

Prolonged truckers' strike feared to worsen trade deficit

Prolonged truckers' strike feared to worsen trade deficit

A nationwide strike by unionized cargo truckers is adding to concerns over Korea's worsening trade balance as the protest is hurting the nation's exports, which fell for the second straight month in November, according to industry officials Sunday. The concerns come as the trade balance has remained in the red for the eight consecutive month in November for the first time sin...

Yi Whan-woo | 2022-12-04 16:27

Gov't to expand executive order to striking truckers in refining, steel sectors

Hahn & Co. completes acquisition of film business from SKC

Hahn & Co. completes acquisition of film business from SKC

Korean private equity firm Hahn & Co. said that it has successfully completed the acquisition of the industrial film business of SKC, an affiliate of Korea's SK Group, earlier this month. The 1.6 trillion won ($1.2 billion) buyout deal is the country's largest M&A transaction closed this year. Hahn & Co. and the SK Group signed a stock purchase agreement in June this year, la...

Anna J. Park | 2022-12-04 15:24

2022 exports likely to mark on-year growth but pace to slow down

2022 exports likely to mark on-year growth but pace to slow down

Korea is expected to post a growth in 2022 exports from a year earlier, but it is unlikely to meet its yearly target of $700 billion in outbound shipments due to sluggish sales of key items, like mobile devices and ships, government data showed Sunday.

2022-12-04 13:44

Faltering exports hurt Korea's growth momentum, no improvement in sight

Exports of agro, food goods hit new high in 2022

Exports of agro, food goods hit new high in 2022

Korea's exports of agricultural and food products jumped to touch a new record high in the first 11 months of this year, government data showed Sunday.

2022-12-04 13:32

Faltering exports hurt Korea's growth momentum, no improvement in sight

Faltering exports hurt Korea's growth momentum, no improvement in sight

Korea is experiencing sluggish exports and record trade deficit over a global economic slowdown, and intertwined challenges both at home and abroad further dimmed prospects for a turnaround anytime soon, experts said Sunday.

2022-12-04 13:19

Eximbank, Statistics Korea sign MOU for cooperation in ODA

Eximbank, Statistics Korea sign MOU for cooperation in ODA

The Economic Development Cooperation Fund (EDCF), managed by the Export-Import Bank of Korea (Eximbank), signed an MOU with Statistics Korea to cooperate in international development projects and spread Korea's statistics system.

2022-12-04 11:20

Court denies warrant for Terraform co-founder over cryptocurrency collapse

Court denies warrant for Terraform co-founder over cryptocurrency collapse

A Seoul court denied a warrant on Saturday to detain Daniel Shin, co-founder of Terraform Labs, on charges of gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-12-03 18:06

Seoul shares plunge 1.8 percent after Fed-driven rally

Seoul shares plunge 1.8 percent after Fed-driven rally

South Korean stocks fell nearly 2 percent on Friday, snapping a three-day winning streak as foreigners and institutions dumped shares after recent rallies fueled by optimism over a possible downshift in U.S. rate hikes. The local currency inched down against the U.S. dollar.

2022-12-02 20:42

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Top 10 Stories

1	Debate reignites over indoor mask rule

2	Sales of Ghana chocolate surge after Korea's victory over Portugal

3	Korean art market is expanding, but still faces challenges to becoming Asia's hub

4	Korea again ranks top in gender wage gap among OECD countries

5	Mixed responses from passengers, drivers to Seoul's late-night taxi surcharge

6	Ex-unification minister casts doubts on China's role in North Korean nuclear issue

7	Prolonged truckers' strike feared to worsen trade deficit

8	Gov't to expand executive order to striking truckers in refining, steel sectors

9	All-rounder Jennifer Lee takes pride in her multicultural background

10	Hahn & Co. completes acquisition of film business from SKC

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