KoreaTimes - Economy

The Korea Times

The Korea Times

The Korea Times

Finance

Economy

Sun, December 3, 2023 | 09:24

Institutions' foreign securities holdings down in Q3

Institutions' foreign securities holdings down in Q3

Korean institutions' investment in foreign securities fell in the third quarter of the year due to a slump in the value of overseas stocks, bonds and a rise in interest rates in major markets, central bank data showed Friday.

2023-12-01 15:24

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

Birthrate might fall below 0.7 in Q4

Birthrate might fall below 0.7 in Q4

Korea's total fertility rate during the third quarter stood at 0.7, the lowest-ever for a third quarter.

2023-11-29 16:38

FSS chief lashes out at banks over ELS sales

FSS chief lashes out at banks over ELS sales

Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly criticized banks over their possible mis-selling of equity-linked securities (ELS) products, as large-scale losses are expected during the first half of next year due to the plunge of the Hang Seng China Enterprises Index (HSCEI).

2023-11-29 16:37

Over 85,000 foreigners hold home ownership in Korea: data

Over 85,000 foreigners hold home ownership in Korea: data

Over 85,000 foreign nationals own a house in Korea, with Chinese possessing more than half of real estate properties held by foreigners in the country, government data showed Wednesday.

2023-11-29 15:26

Overseas card spending up in Q3 on increased travel, direct purchases

Overseas card spending up in Q3 on increased travel, direct purchases

Koreans' overseas card spending increased 3.1 percent in the third quarter of the year on the back of increased overseas travel and increased direct purchases, central bank data showed Wednesday.

2023-11-29 14:52

As Christmas nears, people feel growing income disparity

As Christmas nears, people feel growing income disparity

A 33-year-old man, who asked to be identified only by his surname Choi, recently experienced a rude shock while trying to make a reservation for Christmas at a restaurant in Seoul. In his view, the price and conditions for booking were ridiculous. He found the situation to be similar at other restaurants he checked too.

2023-11-28 16:09

Banks' lending rate rises for 2nd consecutive month in October

Banks' lending rate rises for 2nd consecutive month in October

Banks' loan rate rose slightly from a month earlier in October, data showed Tuesday.

2023-11-28 15:51

Hyundai Card's overseas usage skyrockets with Apple Pay partnership

Hyundai Card's overseas usage skyrockets with Apple Pay partnership

Hyundai Card’s overseas usage has surged by 81 percent compared to a year ago, due mainly to the card's increased global payment versatility with its Apple Pay partnership that began in March this year.

2023-11-28 15:30

Next K-Wave expected from country's leading export consultation event

Next K-Wave expected from country's leading export consultation event

Since the 1960s, exports have driven Korea’s economic growth. Last year, Korea became the world’s sixth-largest exporter.

2023-11-28 13:52

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