KoreaTimes - Finance

The Korea Times

The Korea Times

The Korea Times

Finance

Sat, September 23, 2023 | 21:21

Gov't forecast of tax revenue draws skepticism

Gov't forecast of tax revenue draws skepticism

Skepticism over the government's forecast on tax revenue is intensifying, as predictions suggest another double-digit error rate for this year. Sources anticipate this year's tax shortfall to hit a record high of 60 trillion won, equivalent to a 15 percent error.

Lee Yeon-woo | 2023-09-11 16:52

Retail investors flock to bond investments

Retail investors flock to bond investments

Retail investors have been flocking to the bond market throughout this year, resulting in an all-time high in bond purchases.

Anna J. Park | 2023-09-11 16:51

Multinational firms evaded $375 mil. in customs duties over past 5 years

Multinational firms evaded $375 mil. in customs duties over past 5 years

Multinational firms in Korea were found to have evaded more than 500 billion won ($375 million) in customs duties for the past five years by failing to submit relevant data and documents, according to government data unveiled on Monday.

Lee Yeon-woo | 2023-09-11 16:36

Doosan Robotics' upcoming IPO draws positive market responses

Doosan Robotics' upcoming IPO draws positive market responses

Robotic arm models developed by Doosan Robotics / Courtesy of Doosan RoboticsBy Anna J. ParkThe upcoming IPO of Doosan Robotics, the largest public offering candidate for the Korean stock market this year, is facing a buoyed market response over the news that it kicked off a week-long book-building process, Monday. The market's excitement is also evidenced in the surge of the...

Anna J. Park | 2023-09-11 15:54

Exports down 7.9% during first 10 days of Sept.

Exports down 7.9% during first 10 days of Sept.

Korea's exports fell 7.9 percent on-year in the first 10 days of September due to weak shipments of chips and petroleum products, data showed Monday.

2023-09-11 09:59

FSC vice chief promotes Korea's improved market accessibility to global investors

FSC vice chief promotes Korea's improved market accessibility to global investors

Financial Services Commission (FSC) Vice Chairman Kim So-young promoted the Korean government's efforts to improve market accessibility and regulations for global investors in an investor relations (IR) session in Hong Kong on Friday. According to the FSC on Sunday, the vice chief of the country's top financial regulator showcased the Korean government's latest moves to advan...

Anna J. Park | 2023-09-10 16:31

Hana invites overseas employees to workshop

Hana invites overseas employees to workshop

Employees from Hana Financial Group's overseas business operations pose with the group's executives during a workshop in the district of Cheongna International City in Incheon, Sept. 9. Titled, “All Connected in Hana Global,” the workshop was held from Sept. 4 to 9, with 30 invited employees from 20 countries at the group's training center on Cheongna Global Campu...

Yi Whan-woo | 2023-09-10 16:28

Assembly moves to punish bank CEOs for negligence

Assembly moves to punish bank CEOs for negligence

The National Assembly is expected to receive a bill for approval within this month, as part of accelerated efforts made by the government and the ruling party, to punish commercial bank CEOs if their companies are caught committing financial crimes, according to political and financial sources, Sunday.

Yi Whan-woo | 2023-09-10 16:27

KB Financial to enhance non-banking business under new leadership

KB Financial to enhance non-banking business under new leadership

The nomination of KB Financial Group Vice Chairman Yang Jong-hee as the group's next chief signals that the group is on course to bolster its non-banking business under a broader strategy...

Yi Whan-woo | 2023-09-10 16:25

Diesel car owners nervous as China limits exports of urea

Diesel car owners nervous as China limits exports of urea

Diesel car owners and retailers selling liquid urea in import-dependent Korea are concerned about a possible shortage of the substance after news reports surfaced that China has limited exports of the organic compound, according to industry officials, Sunday.

Ko Dong-hwan | 2023-09-10 16:07

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