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Wed, November 29, 2023 | 20:19
BOK cuts 2016 growth forecast to 3%
The Bank of Korea (BOK) cut its growth forecast for this year from 3.2 percent to 3 percent, citing slowing exports and growing external uncertainties.
Woori makes Korea's first deal with Islamic bank
Woori Bank has become Korea’s first bank to make a financial transaction with an Islam bank, paving the way for local banks to earn interest gains from such deals with banks in Islamic states.
Barings recommends Europe, Asia equities
Investing in European and Asian stocks will deliver a solid return this year as those equities are undervalued despite earnings growth in Europe and improving consumption in Asia, Baring Asset Management’s fund managers said Tuesday.
Forestry expert seeks to make Asia greener
Lee Yeong-joo, 50, has built his career in forest restoration and protection for the past three decades and now pushes forward an ambitious project to make Asia greener. He has served as coordinator for the ASEAN-Korea Forest Cooperation Secretariat (AFoCo) since August 2012 when the Seoul-headquartered international organization began operations with an aim to help rehabilit...
Hotels win big in 2015 consumer satisfaction
Hotels took the first 11 ranking slots of a major 2015 consumer satisfaction index, helped by their tourism-related packages, improved facilities and quality services.
Korea current-account surplus extends amid recession woes
Korea posted a 45-month-straight current account surplus last November but this was due to steeper declines in imports than exports, indicating the country is entering the so-called recession-type surplus trend, analysts said Tuesday.
Bankers' heyday coming to an end
Bankers have long been the envy of salaried workers in many other business fields due to their relatively good job security and high wages. But the heyday of bank employees may be coming to an end.
Seoul, China, Tokyo stocks plunge
Korean, Chinese and Japanese stocks fell sharply across the board Monday on growing concerns about the economic slowdown in China and weakening oil prices amid escalating regional conflict in the Middle East, analysts said. The benchmark KOSPI fell 2.2 percent to 1,918.76 points on the first trading day of the year, hit by plunges in Chinese stocks and expectations of weaker-...
Bank dismissals to continue this year
Bank employees face another bleak year with employers planning to extend their retirement programs after axing about 4,000 staff across the industry last year, insiders and analysts said Sunday.
Exports to Australia up 7.5% on FTA
Korea’s exports to Australia rose 7.5 percent in the January-November period, in sharp contrast to the country’s overall exports which fell 7.4 percent in the same period due to sluggish global demand, the Korea Customs Service (KCS) said Tuesday.
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