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Reporter : Anna J. Park
Fri, December 8, 2023 | 11:17
Financial soundness of savings banks under scrutiny over rise in delinquency rates
The Financial Supervisory Service (FSS) has launched on-site inspections regarding the soundness of domestic savings banks, as many of them are showing signs of an increase in delinquency rates that are reaching worrying levels.
Economy | 2023-12-07 16:12
Naver Pay expands to 65 countries, regions with UnionPay partnership
Naver Pay's QR code payment has now become available at offline stores in 65 countries and regions around the world.
Companies | 2023-12-07 16:06
YG Entertainment's stock price soars over renewed contract with BLACKPINK
Ending a months-long downward trend, the stock price of YG Entertainment soared again by 25.63 percent in a single trading session on Wednesday over the firm's success in renewing its contract with BLACKPINK.
Markets | 2023-12-06 16:48
Real estate project financing poses biggest risk to Korean economy in 2024: S&P, NICE
Looming threats from both domestic and global real estate project financing are expected to be the greatest challenges facing the Korean economy next year, experts from credit rating agencies S&P Global Ratings and NICE Investors Service said Wednesday.
Markets | 2023-12-06 16:48
[INTERVIEW] Korea has great opportunity to lead green transition
Deloitte globally launched GreenSpace Tech, a climate technology ecosystem initiative, in January this year, aiming to facilitate decarbonization and sustainability through its extensive global network of climate technology specialists and innovators. Since its launch, it is now operating in 23 countries, including the U.S., U.K., Australia and Korea, providing robust solutio...
Companies | 2023-12-06 08:28
Financial authority puts 5-month suspension on NH Futures' foreign exchange operations
The Financial Services Commission (FSC), the country's top financial regulator, has confirmed a suspension of business for NH Futures' foreign exchange operations for just over five months, starting this week.
Markets | 2023-12-05 16:55
Demand for prime office buildings in Seoul to stay strong in 2024: Cushman & Wakefield
Despite the country's not-so-bright economic outlook for 2024, Seoul's prime office building market is expected to continue enjoying high demand next year, a global real estate firm said Tuesday.
Markets | 2023-12-05 16:07
Financial authorities to draw up compensation guidelines for investors incurring ELS losses
Amid expectations of major financial disputes over banks' sales of equity-linked securities (ELS) products related to the Hang Seng China Enterprises Index (HSCEI) starting early next year, financial authorities have been preparing to draw up compensation standards.
Markets | 2023-12-04 16:29
Daesang stocks soar on link between justice minister and actor Lee Jung-jae
The share prices of food conglomerate Daesang Group have soared since Minister of Justice Han Dong-hoon and actor Lee Jung-jae had dinner together at a local restaurant in southern Seoul in late November.
Markets | 2023-12-04 16:02
Korean economy to start shrinking by 2050 if low birthrate unaddressed: BOK report
If Korea fails to raise the current birthrate - the lowest in the world - with appropriate policy measures, the country's growth rate may fall below zero percent by 2050 with its population dropping below 40 million by 2070, the central bank warned in a report.
Economy | 2023-12-03 16:36
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It's beginning to look a lot like Christmas
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