KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Thu, November 30, 2023 | 13:52

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Korea's tax revenue fell 51.1 trillion won ($39.07 billion) during the first 10 months of 2023 from a year earlier due mainly to weak corporate activities and the prolonged slump in the property market, the finance ministry said Thursday.

2023-11-30 12:02

BOK freezes key rate for 7th time, cuts 2024 growth outlook

BOK freezes key rate for 7th time, cuts 2024 growth outlook

Korea's central bank held its key interest rate steady for the seventh straight time Thursday as it cut its growth outlook for next year amid uncertainties.

2023-11-30 10:09

Industrial output, retail sales, investment all fall in October: data

Industrial output, retail sales, investment all fall in October: data

Korea's industrial output fell in October on a marked decline in the production of the semiconductor sector, data showed Thursday.

Finance | 2023-11-30 08:33

OECD lowers Korea's 2023 GDP growth outlook to 1.4%

OECD lowers Korea's 2023 GDP growth outlook to 1.4%

The Organization for Economic Cooperation and Development (OECD) lowered its 2023 economic growth outlook for Korea to 1.4 percent, Wednesday, after keeping it steady at 1.5 percent in its previous forecast given in September.

2023-11-29 19:46

CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

The Financial Services Commission (FSC) has decided to impose a disciplinary action of a three-month suspension on KB Securities CEO Park Jeong-rim in relation to the mis-selling of problematic funds such as Lime and Optimus.

2023-11-29 18:56

International marriages increase at sharpest rate in 2022

International marriages increase at sharpest rate in 2022

Korea posted its steepest year-on-year increase in international marriages in 2022, primarily because travel restrictions were eased after years of the COVID-19 pandemic, according to data, Wednesday.

2023-11-29 17:23

PPS helps local businesses venture into overseas markets

PPS helps local businesses venture into overseas markets

Over 250 local exporters and 90 foreign firms from 21 countries attended Global Public Procurement Marketplace (GPPM) 2023, to foster investor relations and fortify business networks, the country’s public procurement service agency said on Wednesday.

2023-11-29 16:47

Birthrate might fall below 0.7 in Q4

Birthrate might fall below 0.7 in Q4

Korea's total fertility rate during the third quarter stood at 0.7, the lowest-ever for a third quarter.

2023-11-29 16:38

FSS chief lashes out at banks over ELS sales

FSS chief lashes out at banks over ELS sales

Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly criticized banks over their possible mis-selling of equity-linked securities (ELS) products, as large-scale losses are expected during the first half of next year due to the plunge of the Hang Seng China Enterprises Index (HSCEI).

2023-11-29 16:37

Over 1,000 accountants enter market every year; does Korea need more?

Over 1,000 accountants enter market every year; does Korea need more?

Since the government increased the yearly certification quota for accountants to more than 1,000 in 2019, over 1,000 newly certified accountants have entered the Korean market annually.

2023-11-29 16:28

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