KoreaTimes - Economy

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Economy

Sat, March 25, 2023 | 06:25

Korea posts IPR trade deficit in 2022

Korea posts IPR trade deficit in 2022

Korea posted a trade deficit in intellectual property rights (IPRs) in 2022, partly due to shortfalls in industrial property rights, central bank data showed Friday.

2023-03-24 15:13

Korea, Andorra agree on double-tax avoidance pact

Korea, Andorra agree on double-tax avoidance pact

Korea's finance ministry said Friday it has initialed a double-taxation prevention pact with the European microstate of Andorra, in a move that could boost bilateral economic cooperation.

2023-03-24 12:16

Korea's overseas investment hits fresh high in 2022

Korea's overseas investment hits fresh high in 2022

Korea's overseas direct investment slightly increased in 2022 on-year to a fresh high on the back of the chips and automobile industries, although the overall growth was limited in the face of economic uncertainties, data showed Friday.

2023-03-24 11:14

Tax chief meets with ECCK

Tax chief meets with ECCK

National Tax Service (NTS) Commissioner Kim Chang-ki, second from left, poses with NTS Assistant Commissioner for International Taxation Choi Jae-bong, left, European Chamber of Commerce in Korea (ECCK) Chairperson Dirk Lukat, third from left, and ECCK President Christoph Heider, right, at a meeting held in downtown Seoul, Thursday. Courtesy of NTS

2023-03-23 17:17

Korea-US interest rate gap expands to record high

Korea-US interest rate gap expands to record high

The interest rate gap between the Bank of Korea (BOK) and the U.S. Federal Reserve widened to a new high of 1.5 percentage points, Thursday, for the first time in almost 22 years, following the Fed's “unsurprisingly dovish” rate hike of 25 basis points. The sequential collapse of U.S. financial institutions forced the Fed to turn to the less hawkish pivot. The Fed's benchmark...

Lee Min-hyung | 2023-03-23 16:55

Korea to raise guard against market instability after Fed rate hike

Korea to raise guard against market instability after Fed rate hike

Korea to raise guard against market instability after Fed rate hike

Korea's chief economic policymaker warned Thursday of the possibility of further instability in the global financial market, such as a recent bank turmoil sparked by the failure of American lenders, amid the continued monetary tightening moves by the United States and major economies.

2023-03-23 09:57

Korea-US interest rate gap expands to record high

US Fed lifts key interest rate amid banking sector fears

Banks' bad loans up in Q4 on rise in overdue biz loans

Banks' bad loans up in Q4 on rise in overdue biz loans

Korean banks' nonperforming loans expanded in the fourth quarter from three months earlier on a rise in overdue corporate loans, data showed Wednesday.

2023-03-22 13:43

Foreign currency deposits shrink sharply in Feb. on declined corporate savings

Foreign currency deposits shrink sharply in Feb. on declined corporate savings

Foreign currency deposits shrank at the fastest pace in about 11 years in February on decreased corporate savings, central bank data showed Wednesday.

2023-03-22 13:42

[INTERVIEW] Retired FSC chief finds inspiration exploring Koreans' ancestral roots

INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots

A veteran financial bureaucrat for over thirty years, Kim Seok-dong was a key architect of Korea's economic growth from 1980 to 2013. Known for his intelligence, focus and natural charisma, he succeeded at climbing to the top echelon of the financial authorities, serving as a Chairman of the Financial Services Commission (FSC) - Korea's top financial regulator - for three yea...

Anna J. Park | 2023-03-22 08:15

Gov't considers restoring Korea-Japan finance ministers' meeting

Gov't considers restoring Korea-Japan finance ministers' meeting

The government is considering resuming an annual meeting between the finance ministers of Korea and Japan in response to reconciliation efforts pledged by the leaders of the two countries at their latest summit, according to sources, Tuesday.

Yi Whan-woo | 2023-03-21 16:37

1 2 3 4 5 6 7 8 9 10

Top 10 Stories

1	Zoo shares sad story of what caused Sero the zebra to escape

2	Burnout: Cardiothoracic surgery residents work 102 hours a week

3	North Korea will pay price for reckless provocations, warns Yoon

4	Second daughter of Daesang chairman promoted to vice president

5	More companies adopt electronic voting amid increase in shareholder activism

6	Churches, Seoul gov't unite to fight low birthrate

7	What's next for Do Kwon?

8	FTC criticized for delaying approval for Hanwha's acquisition of DSME

9	Over 70% of firms unwilling to embrace longer workweek

10	Genesis launches 2023 G90 sedan

DARKROOM