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Finance

Economy

Wed, November 20, 2019 | 04:59

Moody's denies Seoul's rosy economic outlook

Moody's denies Seoul's rosy economic outlook

The nation's economic growth will continue to remain sluggish in the forthcoming year, amid the intensifying downward pressure on credit conditions for Korean corporations, Moody's Investors Service said Tuesday.

2019-11-19 16:51

No. of financial service workers drops 40,000 over 3 years

No. of financial service workers drops 40,000 over 3 years

Korea lost more than 40,000 financial service jobs over the past three years, an inevitable outcome of the sector's strengthened online businesses, including non-face-to-face services, government data showed Sunday.

2019-11-17 17:06

NH-Amundi raises W100 bil. in patriotic fund

NH-Amundi raises W100 bil. in patriotic fund

A patriotic equity fund, set up by NH-Amundi Asset Management, has raised more than 100 billion won ($85.68 million) in the three months since its launch, the company said Sunday. The NH-Amundi Victorious Korea Equity Fund was launched in August to enhance the competitiveness of the local materials and parts industry after Japan imposed a series of trade restrictions against ...

2019-11-17 17:01

Major brokerages post earnings surprise in Q3

Major brokerages post earnings surprise in Q3

Major securities firms here have reported a steep rise in third-quarter earnings after reducing their reliance on traditional brokerage commissions and diversifying their revenue streams into overseas markets. Korea Investment & Securities, one of the largest brokerage houses in Korea, reported Thursday that it posted 533.3 billion won in an accumulated net profit in the firs...

2019-11-17 16:46

KOSPI expected to enjoy year-end rally

KOSPI expected to enjoy year-end rally

The stock market will continue to rally until the end of this year amid signals of improving market conditions for large-cap tech companies and a recent thaw in trade tension between the United States and China, analysts said, Wednesday.The benchmark KOSPI has in recent weeks gained an upward momentum after the two of the world's largest economies started last month showing g...

2019-11-13 17:12

Global uncertainties to weigh on Korea in 2020

Global uncertainties to weigh on Korea in 2020

Global economic uncertainties, which have clouded the world economy throughout 2019, will continue to weigh on the local economy, the Korea Institute for International Economic Policy (KIEP) said Monday. According to the state-run economic think tank, the major risk factor for the world economy next year is policy uncertainty involving the U.S.-China trade war, the global tre...

2019-11-11 16:22

Seoul should brace for shocks from China's slowdown

Seoul should brace for shocks from China's slowdown

Concerns are mounting over China experiencing a slowdown earlier and more rapidly than anticipated, as this will also have a negative effect on the Korean economy, government data showed Monday.

2019-11-08 14:21

Downturn forces self-employed to axe part-timers

Downturn forces self-employed to axe part-timers

Korea's small business owners axed their employees, mostly part-timers, massively, in August, to survive the nation's stagnant economy, a study revealed Tuesday.

2019-11-06 20:20

Korea feared to lose manufacturing competitiveness

Korea feared to lose manufacturing competitiveness

Korea's manufacturing industry has been losing luster, as its global competitiveness is likely to continue declining due to structural problems such as low productivity and high labor costs as well as external factors including China's rise.

2019-11-06 10:52

Korean won jumps on US-China trade optimism

Korean won jumps on US-China trade optimism

Despite a weak economy, the South Korean currency has soared against the greenback over the past month due mainly to optimism about U.S.-China trade talks, data showed Tuesday. The local currency closed at 1,159.20 won against the U.S. dollar Monday, up 6.4 won from the previous session and as much as 37 won from the end of September. Market watchers said the won's recent str...

2019-11-05 11:30

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