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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Fri, February 3, 2023 | 16:14

Korea, Cambodia to boost trade, investment via FTA

Korea, Cambodia to boost trade, investment via FTA

South Korea and Cambodia agreed Friday to enhance bilateral trade and investment by maximizing their free trade deal, which came into force a month earlier, Seoul's industry ministry said.

2023-01-27 20:42

Seoul stocks up for 5th day on tech rally

Seoul stocks up for 5th day on tech rally

Seoul stocks extended their winning streak to a fifth day Friday, as foreign and institutional investors scooped up major tech shares. The Korean won fell against the U.S. dollar.

2023-01-27 19:15

National pension anticipated to be fully drained in 2055: NPS

National pension anticipated to be fully drained in 2055: NPS

South Korea's state pension operator said Friday its fund is anticipated to be depleted in 2055 should the country maintain the current system amid the critically low birth rates and the aging population.

2023-01-27 18:49

Securities firms face dismal earnings results for 2022

Securities firms face dismal earnings results for 2022

Korea's major securities firms are forecast to report weaker-than-expected earnings for 2022, as their brokerage commission revenues plunged in the wake of an unexpected stock market crash sparked by steep rate hikes and multiple external risk factors such as the outbreak of war in Ukraine, data showed Friday. Mirae Asset Securities, the nation's largest brokerage house by ma...

Lee Min-hyung | 2023-01-27 16:52

Woori shortlists four candidates for next chairman

Woori shortlists four candidates for next chairman

Woori Financial Group confirmed the shortlist for its next chairman, Friday, with four contenders vying for the leadership of the financial holding firm. The four candidates included Woori Bank CEO Lee Won-duk, Woori America Bank CEO Shin Hyun-seok, former Woori FIS CEO Lee Dong-yeon and former Financial Services Commission (FSC) Chairman Lim Jong-ryong.

Lee Min-hyung | 2023-01-27 16:07

Korea to sell $3.25 bil. of Treasury bills in Feb.

Korea to sell $3.25 bil. of Treasury bills in Feb.

Korea plans to sell 4 trillion won ($3.25 billion) worth of Treasury bills next month to finance the government's fiscal spending, the finance ministry said Friday.

2023-01-27 15:40

Biz outlook worsens for Feb. amid recession woes

Biz outlook worsens for Feb. amid recession woes

Korea's business sentiment worsened for February as worries over high inflation, monetary tightening and an economic slump weighed on sentiment, a central bank poll showed Friday.

2023-01-27 10:04

Korea not considering 'windfall tax' on energy firms

Korea not considering 'windfall tax' on energy firms

Korea's finance minister said Thursday the country is not considering the so-called windfall tax on energy companies, as local refiners have different business structures compared with European counterparts.

2023-01-26 17:45

Seoul stocks up for 4th day on foreign buying

Seoul stocks up for 4th day on foreign buying

Seoul stocks surged over 1 percent Thursday, as foreign investors scooped up market heavyweights in the run-up to the corporate earnings season. The Korean won advanced against the U.S. dollar.

2023-01-26 16:49

Korean firms' weak earnings outlook to burden KOSPI

Korean firms' weak earnings outlook to burden KOSPI

The Korean stock market is feared to face an adjustment period on escalating fears of recession and conglomerates' dismal earnings outlooks. The negative outlook came amid growing skepticism over major firms' earnings growth on falling demand for Korea's major export items.

Lee Min-hyung | 2023-01-26 15:58

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