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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Thu, February 2, 2023 | 18:27

Housing market on downward spiral after peaking in 2nd quarter of 2021

Housing market on downward spiral after peaking in 2nd quarter of 2021

Korea's housing price valuation index is on the gradual decline after hitting a 10-year high in the second quarter of 2021, as the real estate bubble is showing clear signs of bursting on successive key rate hikes over the past year, data from the Bank of Korea (BOK) showed Wednesday. According to the central bank, the nation's Z-score index came in at 1.5 between April and J...

2023-01-25 15:28

Former top financial regulator to vie for Woori chairmanship

Former top financial regulator to vie for Woori chairmanship

Lim Jong-ryong, former chief of the Financial Services Commission (FSC), declared his interest in becoming Woori Financial Group's next chairman, citing his competitive edge in mapping out a balanced and neutral management vision. “I have an objective and neutral mindset when it comes to managing a financial organization, which was proven by my broad range of experiences at g...

2023-01-25 15:24

Corporate direct financing down in 2022 on stock, bond market slumps

Corporate direct financing down in 2022 on stock, bond market slumps

Corporate direct financing in Korea shrank in 2022 due to slumps in stock and bond markets caused by worries over inflation and rising borrowing costs, data showed Wednesday.

2023-01-25 13:24

Foreign currency deposits up in December on dollar savings

Foreign currency deposits up in December on dollar savings

Foreign currency deposits at banks in Korea grew in December, as corporate dollar savings increased, central bank data showed Wednesday.

2023-01-25 13:24

Korea's kimchi imports hit new high in 2022

Korea's kimchi imports hit new high in 2022

Korea's imports of kimchi touched an all-time high in 2022 amid galloping consumer inflation in the country, government data showed Wednesday.

2023-01-25 10:27

[ANALYSIS] China's reopening to help ease inventory woes

ANALYSISChina's reopening to help ease inventory woes

Even as the worst point of the COVID-19 disruptions has eased a bit, recently, its real impact continues to ripple throughout the world's leading economies including the United States and China.

2023-01-25 09:38

Easing of pandemic pushes up tourism, aviation stocks

Easing of pandemic pushes up tourism, aviation stocks

Tourism and aviation stocks are on track for a robust rally on growing hopes for an end to the pandemic, as authorities here and abroad display signs of easing quarantine measures. According to data from the Korea Exchange, the nation's representative tourism stocks reported double-digit growth for the first three weeks of January.

2023-01-24 15:56

Korea to lift mandatory registration policy for foreign investors in 2023

Korea to lift mandatory registration policy for foreign investors in 2023

Korea's financial regulator said Tuesday it plans to abolish the existing mandatory registration policy for foreigners investing in local stocks within this year, in line with efforts to meet global standards.

2023-01-24 15:33

Banks offer financial support programs as households face mounting interest burdens

Banks offer financial support programs as households face mounting interest burdens

Local commercial lenders are launching a series of financial support programs for households and vulnerable social groups amid escalating pressure from watchdogs. KB Kookmin Bank was the first to operate its own household support program, in a preemptive move to ease households' growing financial burden. The lender will cut the interest rate for loans that are overdue by 1 pe...

2023-01-24 15:17

Korea makes it easier for foreigners to invest in local stock market

Korea makes it easier for foreigners to invest in local stock market

Listed corporations with a market cap size of over 10 trillion won ($8.8 billion) will be required to start publishing their important disclosure information in English next year. Foreign investors can also use their globally standardized Legal Entity Identifier (LEI) or passport numbers to trade Korean stocks, instead of submitting identity registration, as has been required...

Anna J. Park | 2023-01-24 12:00

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