KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Thu, November 30, 2023 | 13:35

Beer imports from China plunge 43% after worker urination video at Tsingtao

Beer imports from China plunge 43% after worker urination video at Tsingtao

Korea's beer imports from China plunged more than 40 percent last month from a year earlier following the release of a viral video showing a man urinating into a tank at Tsingtao Brewery, the customs office said Thursday.

2023-11-16 11:13

[INTERVIEW] Fintech founder hopes to resolve information asymmetry in real estate market

INTERVIEWFintech founder hopes to resolve information asymmetry in real estate market

In real estate transactions, where expenses can range from several million to hundreds of millions of won, there is an inherent anxiety involved. The growing incidence of rental fraud exacerbates the fears of those new to the real estate world. This is a market characterized by heightened information asymmetry, a defining trait of the real estate industry.

2023-11-16 08:30

Korea Investment & Securities, NH Securities slammed for IPO fiasco

Korea Investment & Securities, NH Securities slammed for IPO fiasco

Korea Investment & Securities and NH Investment & Securities are under fire over suspected fraudulent initial public offering (IPO) of a startup company that they served as co-underwriters. It was listed on the secondary bourse Kosdaq in August.

2023-11-15 16:53

Banks' rates for fresh loans rise in October

Banks' rates for fresh loans rise in October

The average lending rate for major banks in Korea for mortgage loans increased from a month earlier in October, data showed Wednesday.

2023-11-15 16:29

Naver Pay's QR payment becomes available in 42 countries

Naver Pay's QR payment becomes available in 42 countries

Naver Pay has significantly increased its overseas payment network, spanning over 42 countries in Asia, Europe, the U.S. and Australia.

2023-11-15 16:23

Banks may have to cough up $1.4 billion in 'windfall tax'

Banks may have to cough up $1.4 billion in 'windfall tax'

Local commercial lenders are coming under increasing pressure to cough up about 1.9 trillion won ($1.4 billion) for a “windfall tax,” which the main opposition Democratic Party of Korea (DPK), seeks to impose on interest income generated almost exclusively as a consequence of rapid central bank key rate hikes over the past few years.

2023-11-15 16:23

IPOs on KOSPI log worst performance in past 5 years

IPOs on KOSPI log worst performance in past 5 years

This year's initial public offerings (IPOs) made on Korea's main benchmark, the KOSPI, are expected to record the poorest performances in the past five years, due mainly to increased market volatility from soaring interest rates and unfavorable external conditions.

2023-11-15 16:18

Nearly 70% of listed Korean firms undervalued

Nearly 70% of listed Korean firms undervalued

Nearly 70 percent of the Korean companies listed on the benchmark KOSPI are valued at less than their liquidation value, data showed, Wednesday, highlighting concerns over the chronic “Korea discount” or tendency for stocks listed on the bourse to be traded at a discount compared to other markets.

2023-11-15 16:11

Korea seeks adjustment to EU's carbon tax rules to ease corporate burdens

Korea seeks adjustment to EU's carbon tax rules to ease corporate burdens

Korea asked the European Union on Wednesday to recognize the country's own carbon credit certification system regarding the EU's new carbon border tax mechanism in an effort to prevent unnecessary burdens on companies, Seoul's finance ministry said.

2023-11-15 14:01

Korea to spend $768.40 mil. to support 'NEET' youth's return to work

Korea to spend $768.40 mil. to support 'NEET' youth's return to work

The government will earmark 1 trillion won ($768.40 million) to implement extensive tailored programs to encourage more young people to join and stay in the labor market, the finance ministry said Wednesday.

2023-11-15 11:44

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	Busan eyes Expo 2035 after losing to Riyadh

2	US, S. Korea cast doubt over NK's satellite photos

3	SPECIAL REPORTKorea should embrace cultural diversity in integrating immigrants

4	Saudi Expo win puts Korean firms in line for contracts

5	Birthrate might fall below 0.7 in Q4

6	Busan citizens disappointed but ready for World Expo 2035 bid

7	Chanel, Hermes, Nike rectify customer policies after FTC warning

8	Samsung Electronics appoints younger figures in personnel reshuffle

9	Journey into Tomorrow: Commemorating 140 years of Korean-German diplomatic relations

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

DARKROOM