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Entertainment & Arts

Qatar 2022

SCMP
Asia

Finance

Fri, December 9, 2022 | 12:20

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

Financial stocks set for rally amid hopes of high dividends

Financial stocks set for rally amid hopes of high dividends

Financial stocks here are set to rally amid growing hopes of high dividends following solid earnings growth this year. A move by the financial watchdog agency to reduce its intervention in the shareholder return policies of banks and other financial institutions also comes as a boon to rev up banking stocks, according to market analysts. Korea Exchange data show shares of the...

2022-12-02 16:18

Dispute reignites over union-recommended director system

Dispute reignites over union-recommended director system

A dispute over a labor union-backed outside director system is expected to flare up again ahead of regular shareholders' meetings at financial institutions scheduled for early next year amid growing calls for them to diversify the structure of their boards of directors. The introduction of the system was a key item on former President Moon Jae-in's agenda, as part of his admi...

2022-12-02 16:18

Listed firms obligated to issue English regulatory filings 'in stages' from 2024

Listed firms obligated to issue English regulatory filings 'in stages' from 2024

Korea's financial regulator said Friday that it will obligate listed firms to provide corporate filings in English "in stages" from 2024 as it seeks to expand foreigners' access to business information.

2022-12-02 14:46

Terraform co-founder attends court hearing to decide his arrest over cryptocurrency collapse

Terraform co-founder attends court hearing to decide his arrest over cryptocurrency collapse

Daniel Shin, co-founder of Terraform Labs, attended a court hearing Friday to determine whether he should be arrested for allegedly gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-12-02 12:01

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