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Reporter : Yi Whan-woo
Mon, February 26, 2024 | 00:07
Number of elderly Koreans living alone hits record high
More than one out of five elderly Koreans live alone, a record-high for single-person households among senior citizens and an emerging concern related to the nation's rapidly aging society.
Korean insurers head overseas as domestic market becomes saturated
Insurance companies in Korea are bolstering efforts to expand their business activities in overseas markets in a bid to nurture growth engines as the domestic market has become saturated, according to industry sources.
Shinhan opens 1st group-wide data platform in banking industry
Shinhan Financial Group officially launched its first group-wide network connecting the data of all its major affiliates, the company announced on Monday.
New US credit rating downgrade to temporarily impact Seoul's financial markets: experts
The Korean won is anticipated to lose ground against the U.S. dollar only for a short term as it settles at the mid-1,200 level per dollar, in the wake of Fitch Rating's downgrade of the U.S.' credit rating, analysts said Thursday.
Korea's per capita GDP shrinks at 3rd-fastest pace among major economies
Korea's gross domestic product (GDP) per capita fell at the third-fastest pace among the world's major economies last year, driven by a sharp depreciation of the Korean currency against the U.S dollar, according to a report, Wednesday. Compiled by the Bank of Korea (BOK) and released by Rep. Jin Sun-mee of the Democratic Party of Korea (DPK), the report showed GDP per capita ...
IBK chief underlines innovation on bank's anniversary
Industrial Bank of Korea (IBK) Chairman and CEO Kim Sung-tae addressed the need for innovation on the state-run lender's path to becoming a global top-notch banking firm, during its 62nd founding anniversary, Tuesday.
Gov't faces oil price dilemma as fuel tax cut set to expire
Global oil prices are resurging, putting the government in a dilemma over whether to extend the years-long tax cut on fuel when it expires this month, again giving up potential tax revenue.
K-pop band aespa makes special appearance on KB web drama
KB Kookmin Bank released a web drama featuring a special appearance by members of the K-pop girl band aespa, as a part of the bank's long-term efforts to attract young customers, the company announced on Monday.
Falling tax revenues raise alarm on gov't fiscal health
Tax revenues in Korea fell by nearly 40 trillion won ($31.4 billion) in the first half of 2023 from a year earlier, fueling concerns of a massive shortfall in the fiscal budget and the sustainability of the government's eased tax regulation.
Worker-management row escalates as KDB relocation plan materializes
Tensions between labor and management at Korea Development Bank (KDB) are escalating as the state-run lender is finalizing its plan to move its headquarters from Seoul to Busan.