KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Wed, September 27, 2023 | 05:27

Private education spending for kindergarteners surges 38% in 5 years

Private education spending for kindergarteners surges 38% in 5 years

Korean households with kindergarten-aged children have ramped up their spending on private education by more than 38 percent over the last five years, according to a report released on Sunday by the Korea Institute of Public Finance (KIPF).

Lee Yeon-woo | 2023-09-17 15:55

Deutsche Bank to allocate additional $150 mil. for its Seoul business

Deutsche Bank to allocate additional $150 mil. for its Seoul business

Deutsche Bank announced a capital allocation increase for its Seoul branch of 211.5 billion won ($150 million), Sunday, to support the bank's growth in the country and undertake more activities for its clients.

Lee Yeon-woo | 2023-09-17 15:55

Korean economic growth estimated at 1.4% for 2023: S&P economist

Korean economic growth estimated at 1.4% for 2023: S&P economist

Korea's economy is expected to grow 1.4 percent this year, with the country's central bank anticipated to lower its key rate twice in 2024, an economist at S&P Global Ratings said Sunday.

2023-09-17 09:40

Population decline pushes up employment rate among young people

Population decline pushes up employment rate among young people

Fewer Koreans in their 20s are getting new jobs but their employment rate is rising, in the face of a population decline that “misleadingly” represents a tough job market for young people.

Yi Whan-woo | 2023-09-15 17:08

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

KITA chairman hosts diplomatic reception to seek Busan Expo bid support

Korea International Trade Association (KITA) Chairman Koo Ja-yeol hosted a reception for ambassadors in Korea from Central Asia, Europe and Latin America, seeking their support for Busan's bid to host the 2030 World Expo, the association said Friday.

Yi Whan-woo | 2023-09-15 17:08

SK chief visits chip cluster construction site

SK chief visits chip cluster construction site

SK Group Chairman Chey Tae-won, right, joined by SK hynix Vice Chairman and CEO Park Jung-ho, left, visits the construction site for SK hynix's semiconductor manufacturing cluster in Yongin, Gyeonggi Province, Friday. The site is part of a 300 trillion won ($225.9 billion) project...

Yi Whan-woo | 2023-09-15 17:08

Citibank Korea CEO Yoo Myung-soon to serve another term

Citibank Korea CEO Yoo Myung-soon to serve another term

Yoo Myung-soon, CEO of Citibank Korea, will be serving another three-year term, being the sole candidate for the position.

Anna J. Park | 2023-09-15 15:10

Container freight rates for US east coast, Europe up in August

Container freight rates for US east coast, Europe up in August

Outbound container shipping costs for the U.S. east coast and the European Union moved up in August from a month earlier, data showed Friday.

2023-09-15 11:05

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

Value of outstanding derivatives-tied securities down in H1 amid bullish global stock markets

The outstanding value of derivatives-tied securities issued in Korea dropped below the 100 trillion won ($75.4 billion) mark in the first half of the year, on the upbeat stock markets of major economies, data showed Friday.

2023-09-15 11:04

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown to ease on improving exports: finance ministry

Korea's economic slowdown appears to be gradually easing on signs of a recovery in exports, the finance ministry said Friday, although volatility in global raw material prices is a threat.

2023-09-15 11:03

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