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Sat, December 9, 2023 | 16:37
Will Korea avoid hard landing in housing market?
Will Korea avoid hard landing in housing market?
Korea's housing bubble is anticipated to ease gradually in 2024 after years of surging house prices, according to analysts, Friday.
2023-12-08 17:06
Overseas property investments to hinder Korea's securities firms
Overseas property investments to hinder Korea's securities firms
Korean brokerage houses increasingly face the risk of losses in 2024 due to years of investing in real estate abroad, with concerns of a liquidity crunch starting to play out on some of the balance sheets of various firms since the third quarter of 2023.
2023-12-08 16:00
KDIC chief vows to strengthen crisis response monitoring
KDIC chief vows to strengthen crisis response monitoring
With the global economy's projected growth for next year slowing amid increased uncertainties, the Korea Deposit Insurance Corporation (KDIC) aims to bolster its crisis response monitoring system for the domestic financial sector, the agency's head said Friday.
2023-12-08 15:39
Citibank Korea recognized as best international bank in Korea by Asiamoney
Citibank Korea recognized as best international bank in Korea by Asiamoney
Citibank Korea was named the 2023 Best International Bank in Korea by Asiamoney, the bank announced on Friday.
2023-12-08 14:25
Low-income households struggle with heavier debt
Low-income households struggle with heavier debt
Debt held by income earners in the bottom 20 percent grew much faster than the country's top income earners' borrowings over the past year, data showed Thursday. A total of 14.9 percent of the total population in the same period made less than the country’s median income, up 0.1 percentage points.
2023-12-07 16:46
Oil prices expected to fluctuate over China slowdown, supply-demand mismatch
Oil prices expected to fluctuate over China slowdown, supply-demand mismatch
Global oil prices will continue fluctuating due to doubts over the efficacy of oil-producing countries' production cuts, combined with slumping demand in China and increases in U.S. inventory reserves, market watchers said Thursday.
2023-12-07 16:46
Naver Pay expands to 65 countries, regions with UnionPay partnership
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.
2023-12-07 16:06
Citibank Korea hosts summit for digital corporate clients
Citibank Korea hosts summit for digital corporate clients
Citibank Korea hosted the Korea Digital Leaders Summit 2023 in Seoul on Wednesday, inviting over 30 executives from the country’s key digital companies.
2023-12-07 11:35
KB Financial hosts HUB Day to foster startups
KB Financial hosts HUB Day to foster startups
KB Financial Group held its 2023 HUB Day event to foster strong local startups and provide them with growth opportunities backed by stable financing and business development guidance, the group said Wednesday.
2023-12-06 17:15
Real estate risks set to hit brokerages in 1st half of next year
Real estate risks set to hit brokerages in 1st half of next year
Fears are mounting of poor growth for local brokerages, fueled by a combined 12 trillion won ($9.1 billion) in project financing risk exposure certain to wipe out bridge loan-tied credit before next June, according to market watchers, Wednesday. A bridge loan is a high-risk, high-interest loan operated mostly by securities firms and savings banks for the short term.
2023-12-06 16:39
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Top 10 Stories
1Korea to expand visa benefits to accelerate inbound tourism Korea to expand visa benefits to accelerate inbound tourism
2Seoul awards honorary citizenship to outstanding foreign residentsSeoul awards honorary citizenship to outstanding foreign residents
3Will Korea avoid hard landing in housing market? Will Korea avoid hard landing in housing market?
4Seoul-Moscow ties likely stuck in limbo amid blame game Seoul-Moscow ties likely stuck in limbo amid blame game
5Justice minister challenges opposition leader in polls for potential next president Justice minister challenges opposition leader in polls for potential next president
6Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser
7K-pop's appeal reflected in global accolades K-pop's appeal reflected in global accolades
8Korea, US tighten partnerships in chip, battery, AI Korea, US tighten partnerships in chip, battery, AI
9[INTERVIEW] How AmazeVR revolutionizes aespa's LYNK-POP concert INTERVIEWHow AmazeVR revolutionizes aespa's LYNK-POP concert
10German scholar lectures on 'Saving Confucius from Confucianism'German scholar lectures on 'Saving Confucius from Confucianism'
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