search close
Reporter : Yi Whan-woo
Wed, February 21, 2024 | 11:40
Kakao founder questioned over stock manipulation charges
Kim Beom-su, the founder of internet giant Kakao Corp., is under scrutiny as the financial watchdog agency is widening its investigation into the firm’s alleged stock manipulation to acquire SM Entertainment earlier this year.
Korea rapidly losing steam for potential GDP growth
The Korean economy is feared to lose steam rapidly in its potential growth rate, which possibly can fall below 2 percent for the first time in history this year and get worse next year.
Drug smuggling pushes up illegal FX transactions to $9.6 billion
More than 13 trillion won ($9.6 billion) of illegal foreign currency transactions were reported over the past four years in the midst of an increase in drug trafficking and other smuggling activities, Korea Customs Service (KCS) data showed, Sunday.
More young people give up job search
About 80,000 Koreans aged 15 to 29 were not employed and effectively gave up looking for jobs or acquiring additional training to get hired over the last three years, data showed on Sunday.
BOK maintains key rate at 3.5% amid market volatility
The Bank of Korea (BOK) left its key interest rate unchanged at 3.5 percent for the sixth consecutive time, Thursday, in the face of heightened economic uncertainties that are feared to exacerbate inflation and stymie an economic recovery.
Samsung Fire & Marine notorious for denying insurance claims: FSS data
Samsung Fire & Marine Insurance filed the most lawsuits to deny the claims of its clients among major insurers nationwide in recent years, data showed, Wednesday.
Korea faces risk of slipping into L-shaped economic slump: experts
Korea faces an increased risk of an L-shaped economic slump, according to analysts, in stark contrast to the government’s forecast that the economy will overcome sluggish performance in the first half of this year and recover in the remaining half.
Ethical framework crucial to cope with fast growth of AI: finance minister
An ethical framework on the use of technologies must be newly defined side by side with fast-growing artificial intelligence (AI) that is reshaping the era of digital transformation, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said, Wednesday.
Insurers rush to introduce products tailor-made for diverse age groups
Insurance companies are rushing to introduce tailor-made medical insurance packages for customers in a wider range of age groups ― from newborns to preschool children, teenagers, salaried workers in their 20s to 40s and retirees aged 60 or older.
BOK likely to freeze key rate again amid colliding risks
The Bank of Korea (BOK) is anticipated to leave the policy rate unchanged again in its upcoming rate-setting meeting scheduled for next Thursday, to counter colliding financial risks increasingly complicating the country’s path to economic recovery.