KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Mon, December 11, 2023 | 14:28

Banks' lending rate rises for 2nd consecutive month in October

Banks' lending rate rises for 2nd consecutive month in October

Banks' loan rate rose slightly from a month earlier in October, data showed Tuesday.

2023-11-28 15:51

Why are major South Korean stocks persistently undervalued?

Why are major South Korean stocks persistently undervalued?

Despite South Korea's remarkable economic progress over the past decades, major companies here are still grappling with the weight of the so-called Korea discount in the stock market, a phenomenon where their equities are undervalued compared to global peers.

2023-11-28 15:45

Hyundai Card's overseas usage skyrockets with Apple Pay partnership

Hyundai Card's overseas usage skyrockets with Apple Pay partnership

Hyundai Card’s overseas usage has surged by 81 percent compared to a year ago, due mainly to the card's increased global payment versatility with its Apple Pay partnership that began in March this year.

2023-11-28 15:30

Jefferies to open Seoul office in January

Jefferies to open Seoul office in January

Jefferies, a U.S.-based global investment banking firm, is set to open an office in Seoul in January next year, aiming to focus its business on corporate finance.

2023-11-28 15:13

Next K-Wave expected from country's leading export consultation event

Next K-Wave expected from country's leading export consultation event

Since the 1960s, exports have driven Korea’s economic growth. Last year, Korea became the world’s sixth-largest exporter.

2023-11-28 13:52

Hydrogen supply expected to be stable starting this week: industry ministry

Hydrogen supply expected to be stable starting this week: industry ministry

The ongoing supply disruption of hydrogen for vehicles in central Korea has gradually eased, and the shortage is expected to be fully resolved by around mid-December, the industry ministry said Tuesday.

2023-11-28 11:45

Korea to extend supplies of seafood to ease inflation

Korea to extend supplies of seafood to ease inflation

The government will extend supplies of mackerel, cuttlefish and other marine products in an effort to stabilize prices amid high inflationary pressure, the finance ministry said Tuesday.

2023-11-28 11:37

Retail sales gain 6.4% in October on brisk demand on online platforms

Retail sales gain 6.4% in October on brisk demand on online platforms

Retail sales in Korea rose 6.4 percent on-year in October on the back of rising demand for food items and daily necessities on online platforms, the industry ministry said Tuesday.

2023-11-28 11:37

HK-linked ELS emerges as time bomb in banking sector

HK-linked ELS emerges as time bomb in banking sector

A 58-year-old man, surnamed Kang, recently filed a complaint with the Financial Supervisory Service (FSS) as he faces the risk of losing half his assets after investing in equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index (HSCEI).

2023-11-27 17:02

More people seek revolving credit amid rising prices, higher interest rates

More people seek revolving credit amid rising prices, higher interest rates

A record-number of credit card users have resorted to revolving credit, a major indicator of credit risk, cornered by a rise in both interest rates and the prices of goods and services, data showed Monday.

2023-11-27 16:58

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