The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Finance
Economy
  • Companies
  • Economy
  • Markets
Sun, May 29, 2022 | 05:12
Regional banks' declining offline business casts doubts over relocation plan of Seoul firms
Regional banks' declining offline business casts doubts over relocation plan of Seoul firms
The country's regional banks are shutting down their branches over the declining profitability of offline services, which in turn is casting doubts over the feasibility of President Yoon Suk-yeol's plan to relocate Seoul-headquartered financial institutions outside the nation's capital. Yoon has been singling out state-run policy lender Korea Development Bank (KDB) in his rel...
Yi Whan-woo | 2022-05-28 19:03
Finance minister vows to push for regulatory overhaul
Finance minister vows to push for regulatory overhaul
Finance Minister Choo Kyung-ho vowed to streamline unnecessary and excessive regulations in the financial sector, leaving only those regulations that are required for maintaining financial companies' financial soundness and protecting consumers. The comment was made during Minister Choo's first official meeting with chairmen of the country's five major financial groups - Shin...
Anna J. Park | 2022-05-27 18:29
Trade deficit feared to become long-lasting trend
Trade deficit feared to become long-lasting trend
The Korean economy is witnessing growing concerns about its ever-increasing trade deficit, which has exceeded the $10-billion mark this year alone, as the country is expected to log a trade deficit in May for the third consecutive month. Analysts say the trend will continue for a while, with a twin deficit becoming more likely. According to the Korea Customs Service earlier t...
Anna J. Park | 2022-05-27 09:00
  • Industry minister pledges full support for exporters
Moody's lowers S. Korea's growth outlook to 2.5%
Moody's lowers S. Korea's growth outlook to 2.5%
Moody's Investors Service on Thursday forecast South Korea economy will grow 2.5 percent this year, 0.2 percentage point lower than its previous outlook.
2022-05-26 21:46
BOK raises key rate to 1.75%, signals more hikes soon
BOK raises key rate to 1.75%, signals more hikes soon
The Bank of Korea (BOK) hiked its key interest rate by a quarter percentage point to 1.75 percent, Thursday, its first back-to-back rate increase in 15 years, in a desperate bid to fight inflation. BOK Governor Rhee Chang-yong hinted at additional hikes in the months to come, stressing that the central bank will place a top priority on keeping prices under control over growth...
Yi Whan-woo | 2022-05-26 16:57
  • Fed officials stress 'determination' to bring down inflation
Young Koreans more pessimistic about economy than global peers: Deloitte survey
Young Koreans more pessimistic about economy than global peers: Deloitte survey
Members of Gen Z and the Millennial generation around the world are generally concerned about financial matters, but Korea's younger generation appears to be more concerned and pessimistic about their financial and economic prospects than their global peers, a survey showed. These findings are according to Deloitte's “2022 Gen Z and Millennial Survey,” the global firm's 11th ...
Anna J. Park | 2022-05-26 16:21
Diesel, gasoline prices top 2,000 won amid tight supply
Diesel, gasoline prices top 2,000 won amid tight supply
The price of diesel and gasoline in Korea both climbed to over 2,000 won (US$1.58) per liter Thursday on a continued tight global supply, industry data showed.
2022-05-26 15:48
Inflation growth may exceed 5% in May: gov't official
Inflation growth may exceed 5% in May: gov't official
The government plans to announce a set of measures to tame inflationary pressure and stabilize people's livelihoods next week amid the prospect that the growth of consumer prices could top 5 percent, a senior official said Thursday.
2022-05-26 11:37
  • BOK hikes policy rate to 1.75% to combat inflation
BOK hikes policy rate to 1.75% to combat inflation
BOK hikes policy rate to 1.75% to combat inflation
The central bank hiked its key policy rate by a quarter percentage point Thursday as it strives to rein in inflation that is running high amid soaring oil and commodity prices driven up by global supply chain disruptions and the ongoing war in Ukraine.As widely expected, the monetary policy board of the Bank of Korea (BOK) voted to increase the benchmark seven-day repo rate t...
2022-05-26 10:29
  • Inflation growth may exceed 5% in May: gov't official
Users of mobile financial services grow over 2 years
Users of mobile financial services grow over 2 years
Koreans' use of mobile banking and other online financial services increased in 2021 from two years earlier as customers preferred non-contact services amid the coronavirus pandemic, central bank data showed Wednesday.
2022-05-25 14:24
 1 2345678910
Top 10 Stories
  • Korean Mental Health: Stranger Things
  • Dutch Korean artist's project: The Mother Mountain Institute of Sara Sejin Chang
  • S. Korea's new COVID-19 cases below 20,000 for 3rd day as pandemic slows
  • Why Mario Outlet founder keeps buying houses of former presidents
  • KOICA launches interactive town in metaverse for overseas volunteer program
  • Union agress to resume late-night subway services in Seoul starting next month
  • 'Russia needs huge financial resources for military operations'
  • Uvalde school police chief faulted in shooting response
  • Former rhythmic gymnast Son Yeon-jae to wed in August
  • Koreans hit polls on last day of early voting for local elections
DARKROOM
  • 75th Cannes Film Festival

    75th Cannes Film Festival

  • People in North Korea trapped in famine and pandemic

    People in North Korea trapped in famine and pandemic

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group