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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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3	Will Korea avoid hard landing in housing market?

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