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The Korea Times

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SCMP
Asia

The Korea Times

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Economy

Sat, June 3, 2023 | 23:59

Over half of bourse-listed SMEs report operating losses for Q4

Over half of bourse-listed SMEs report operating losses for Q4

Over half of small and medium-sized enterprises (SMEs) listed on the stock market have reported operating losses for the fourth quarter of 2022, according to a report Thursday. The number of such firms is projected to increase further this year due to the economic recession, rising costs and the waning demand for pandemic-related items.

Lee Yeon-woo | 2023-05-11 15:11

Foreigners turn net buyers of local stocks in April

Foreigners turn net buyers of local stocks in April

Foreign investors turned net buyers of Korean stocks in April on a rosy outlook for the chipmaking sector, central bank data showed Thursday.

2023-05-11 14:05

KDI cuts Korea's economic outlook to 1.5% for 2023

KDI cuts Korea's economic outlook to 1.5% for 2023

The Korea Development Institute (KDI) on Thursday slashed its growth outlook for the Korean economy this year to 1.5 percent, citing slowing exports of chips.

2023-05-11 14:04

[CONTRIBUTION] Tax credit supporting taxpayers through today's challenges

CONTRIBUTIONTax credit supporting taxpayers through today's challenges

A single mother, who had to entrust the care of her two kids to their grandmother, could hardly make a living despite working late nights. Supporting her daughter's dream of becoming a composer by giving her piano lessons was a luxury she could not afford. However, things took a positive turn when she received her tax credit, which enabled her to buy a used piano and sign her...

2023-05-11 10:04

US consumer inflation eases but price pressures remain

US consumer inflation eases but price pressures remain

Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases. The consumer price index (CPI), a key inflation gauge, rose 4.9 percent from a year ago, just a touch lower than March's 5.0 percent figure.

2023-05-10 22:06

Choo to head to Japan for G7 meeting of finance ministers

Choo to head to Japan for G7 meeting of finance ministers

Korean Finance Minister Choo Kyung-ho will head to Japan later this week to take part in the Group of Seven (G-7) meeting of financial ministers following Tokyo's invitation, his office said Wednesday.

2023-05-10 17:41

Export slump deals blow to manufacturing jobs

Export slump deals blow to manufacturing jobs

Sluggish exports are dealing a blow to manufacturing jobs, their number falling by 97,000 in April from a year earlier, marking the lowest level in 28 months, according to data released by Statistics Korea, Wednesday.

Yi Whan-woo | 2023-05-10 15:11

[CONTRIBUTION] Assessing sanctions compliance challenge in APAC

CONTRIBUTIONAssessing sanctions compliance challenge in APAC

It's been 14 months since Russia ramped up its invasion of Ukraine, and countries in the Asia-Pacific (APAC) and the West responded with wide-ranging economic sanctions. Complying with these sanctions has been a massive challenge for financial institutions such as banks in APAC, who face major penalties and reputational damage if they get it wrong.

2023-05-10 14:56

[CONTRIBUTION]Path to profitability still fraught for digital challenger banks

CONTRIBUTIONPath to profitability still fraught for digital challenger banks

There has been a remarkable transformation of the banking landscape in the last decade, as ambitious, emerging digital challenger banks (DCBs) have disrupted the traditional landscape.

2023-05-10 13:53

Job additions slow in April amid higher borrowing rate, economic slowdown

Job additions slow in April amid higher borrowing rate, economic slowdown

Korea's job additions slowed in April after a brief rebound a month earlier, data showed Wednesday, amid higher borrowing costs and an economic slowdown, with most new positions taken by seniors.

2023-05-10 09:28

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