South Korean exporters jittery as China's slowdown raises red flag

South Korea’s exporting companies are increasingly feeling the heat as its top export market China is sounding alarm bells over the world&rsqu...

Korean banks' earnings hit hard by unpaid debts, rate hikes

South Korea’s major banks expect their earnings in the second half to fall on the soaring distressed debts of households and companies due to ...

Koreans' Japanese yen savings hit record high in July

South Korean investors continued gobbling up the Japanese currency, which has remained weak against the Korean currency after retreating from a one-...

BOK chief’s top mission: Soft landing for household debt

South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...

Korean exodus from China funds amid deepening property crisis  

South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...

More Korean FSS retirees find jobs in legal, financial biz

More retirees of the Financial Supervisory Service (FSS) are snagging new jobs at private companies such as the banks they regulated during their te...

BOK head says Korea inflation to dip below mid-2% in H2 2024

South Korea’s central bank chief expected consumer inflation to fall below the mid-2% level in the second half of 2024, adding to predictions ...

Korea sales set to China to fall for 15th straight mth on property crisis

South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic ...

Seoul’s slow but enduring push to be Asia’s premier financial hub

It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...

S.Korea to deliver food safety management skill to Thai, Malaysian officials

The Ministry of Food and Drug Safety of South Korea announced on Friday that it will conduct an invited training program for food safety officials f...

Bank of Korea appoints new senior deputy governor

The Bank of Korea announced on Friday that it has appointed Ryoo Sang-dae, the current vice president of Korea Housing-Finance Corp., as its new s...

KOREA Investment Week 2023 with KB KOREA Conference

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S.Korean think-tank lifts inflation forecast on oil prices

A South Korean government think-tank has raised its inflation prediction for this year due to the recent rise in oil prices and expectations that As...

S.Koreans continue buying spree of sliding Japanese yen

The plunging Japanese currency has stepped up South Koreans’ bargain-hunting, posting record highs in the balance of the yen-denominated depos...

Sejong City to cooperate with Northern Ireland in smart city, cybersecurity

South Korea's Sejong Special Self-Governing City will pursue economic exchange with Northern Ireland and cooperation in cybersecurity research with ...

S.Korea, Laos boost partnership in global drive to cut CO2 emissions

South Korea's Ministry of Trade, Industry and Energy on Tuesday held talks with Laos' Ministry of Natural Resources and Environment at the Seoul hea...

Korea’s time deposit rates head north on higher bank bonds’ coupon

South Korea’s commercial banks have joined thrifts and credit unions in a race to offer their time deposit holders higher interest to cover cl...

Big Bang deregulation poised to bolster S.Korean ST market

South Korea’s fractional investment market is gearing up for a grand opening after the government earlier this year unveiled security token of...

Korea’s inflation eases to 25-mo low, but poised to rebound in H2

South Korea’s headline inflation rose at the slowest pace in 25 months in July on still-low international oil prices but is projected to reacc...

Korea exports down the most in 3 years; BOK may keep rates

South Korea’s exports declined at their steepest pace in more than three years last month, data showed on Tuesday, adding to expectations that...

Fractional investing to gain traction in Korea with green light from FSC

Come September, South Korean investors will be able to freely and safely buy and sell fractions of artwork and even live cows just as they do with t...

POSCO affiliates’ shares surge; market cap rises threefold in 5 years

Shares of POSCO Group affiliates are flying high with the steelmaker rapidly transforming into a battery materials manufacturer, riding the industry...

Korea’s outbound travelers spend 20% more on-year in H1: BC Card

South Korea’s outbound travelers spent 19.8% more in the first half of this year compared with a year ago amid a revival in overseas tourism, ...

Shinhan Bank's Chinese corporation issues $69 million in yuan bonds

The Chinese corporation of South Korea’s Shinhan Bank on Thursday said it issued 500 million yuan ($69.6 million) in bonds, a first in China b...

EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates

EcoPro Co., Hanwha Ocean Co., JYP Entertainment Corp. and Kumyang Co. are the top candidates for inclusion in the MSCI Korea Index when the global s...

BOK warns of household lending risk on growth, inequality

South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term...

BOK chief says aging without assets key challenge to S.Koreans

JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy a...

BOK keeps door open for another rate hike on Fed, debts

South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...

Korea's IPO market heats up with higher price cap for new stocks

South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...

S&P expects BOK to cut rate by 100 bps in 2024 for growth

South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing fur...