KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Fri, December 1, 2023 | 11:28

Korea's exports rise for 2nd straight month in November on rising chip sales

Korea's exports rise for 2nd straight month in November on rising chip sales

Korea's exports increased for the second consecutive month in November on the back of growing demand for semiconductors, data showed Friday.

2023-12-01 10:01

KOSPI predicted to reach 2,700-2,830 range in 2024

KOSPI predicted to reach 2,700-2,830 range in 2024

Foreign investment banks predict that Korea's benchmark KOSPI will rise from 2,700 to 2,830 next year.

2023-11-30 16:39

Bank of Korea lowers 2024 growth outlook to 2.1 percent

Bank of Korea lowers 2024 growth outlook to 2.1 percent

The Bank of Korea (BOK) lowered its 2024 economic growth outlook for Korea to 2.1 percent, Thursday, down from a forecast of 2.2 percent made in August, citing weakening consumption and restrictive monetary policies at home and abroad. This year’s growth projection of 1.4 percent was left unrevised.

2023-11-30 16:38

Korea to beef up monitoring on crypto market

Korea to beef up monitoring on crypto market

Efforts to enhance clarity in the Korean virtual asset market are emerging, as both the government and the National Assembly have actively announced their plans to intensify crypto monitoring.

2023-11-30 16:37

Toss Bank posts first quarterly profit in Q3

Toss Bank posts first quarterly profit in Q3

With just two years passing since its launch in October 2021, Toss Bank posted a net profit of 8.6 billion won ($6.6 million) for the third quarter of this year, marking its first quarterly profit, according to the bank, Thursday.

2023-11-30 16:34

Tving and Wavve begin merger talks

Tving and Wavve begin merger talks

Korea's two major streaming services Tving and Wavve have recently begun merger talks, aiming to increase their market dominance by creating the country's largest over-the-top (OTT) platform with some 10 million monthly active users (MAU).

2023-11-30 16:18

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Tax revenue falls $39 bil. through Oct. on weak corporate performance

Korea's tax revenue fell 51.1 trillion won ($39.07 billion) during the first 10 months of 2023 from a year earlier due mainly to weak corporate activities and the prolonged slump in the property market, the finance ministry said Thursday.

2023-11-30 12:02

Industrial output, retail sales, investment all fall in October: data

Industrial output, retail sales, investment all fall in October: data

Korea's industrial output fell in October on a marked decline in the production of the semiconductor sector, data showed Thursday.

Finance | 2023-11-30 08:33

OECD lowers Korea's 2023 GDP growth outlook to 1.4%

OECD lowers Korea's 2023 GDP growth outlook to 1.4%

The Organization for Economic Cooperation and Development (OECD) lowered its 2023 economic growth outlook for Korea to 1.4 percent, Wednesday, after keeping it steady at 1.5 percent in its previous forecast given in September.

2023-11-29 19:46

CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

CEOs of KB Securities, NH Securities hit for mis-selling Lime, Optimus

The Financial Services Commission (FSC) has decided to impose a disciplinary action of a three-month suspension on KB Securities CEO Park Jeong-rim in relation to the mis-selling of problematic funds such as Lime and Optimus.

2023-11-29 18:56

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