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Mon, May 29, 2023 | 21:48
Younger generations' spending hit harder by rate hikes: KDI
Younger generations' spending hit harder by rate hikes: KDI
Korea's rate hike measures have weighed heavily on people's spending, particularly impacting those in their 20s and 30s who have debt, a state-run think tank said Wednesday.
2023-04-26 14:02
Inflation expectations at 11-month low in April
Inflation expectations at 11-month low in April
Korea's inflation expectations fell to the lowest in 11 months in April on a slide in prices of petrochemical goods, a central bank survey showed Wednesday.
2023-04-26 09:27
NTS shares electronic taxation know-how
NTS shares electronic taxation know-how
The National Tax Service (NTS) shared its know-how concerning its electronic tax filing service with the Hungarian tax agency, to provide support for the digital transition of the Central European country's taxation system.
Yoon Ja-young | 2023-04-25 16:22
Korean economy avoids recession in Q1 on improved private spending
Korean economy avoids recession in Q1 on improved private spending
The Korean economy grew 0.3 percent in the first quarter of 2023 from three months earlier, thanks to an increase in private spending that helped the trade-reliant economy escape recession amid a prolonged slowdown in exports.
Yi Whan-woo | 2023-04-25 16:02
Korea to host international meeting on post-pandemic customs policies
Korea to host international meeting on post-pandemic customs policies
The Korea Customs Service (KCS) will host an international meeting in Seoul from Wednesday to Friday, with the aim of bolstering cooperation in customs policies across borders to grapple with the changes brought on by the pandemic to the trade environment.
Yi Whan-woo | 2023-04-25 15:45
Delinquency ratio on bank loans hits 30-month high in February due to rate hikes
Delinquency ratio on bank loans hits 30-month high in February due to rate hikes
The delinquency ratio on loans extended by banks in Korea hit a 30-month high in February, as borrowers are under pressure from rate hikes, data showed Tuesday.
2023-04-25 15:14
[CONTRIBUTION] KOPPEX 2023 to relieve slowing exports
CONTRIBUTIONKOPPEX 2023 to relieve slowing exports
196 trillion won ($146.7 billion). This is the size of the nation's entire public procurement market last year. What if we extend the stage to the world? If calculated on average across OECD countries, the global public procurement market is estimated to be around $12 trillion. It's a huge market that accounts for a staggering 13 percent of global GDP.
2023-04-25 10:49
Korean economy avoids recession in Q1; outlook dims amid weak exports
Korean economy avoids recession in Q1; outlook dims amid weak exports
Korea's economy narrowly avoided a recession in the first quarter of the year after a contraction the previous quarter, central bank data showed Tuesday.
2023-04-25 09:31
Korea to up budget on countering drug trafficking
Korea to up budget on countering drug trafficking
Korea's finance ministry said Monday it plans to "sufficiently" reflect the country's efforts to root out drug trafficking activities in next year's budget.
2023-04-24 17:27
FSC to assist fintech firms advancing into overseas markets
FSC to assist fintech firms advancing into overseas markets
The Financial Services Commission (FSC) will spare no efforts in supporting domestic fintech firms advancing into overseas markets, its vice chairman said Monday.
Lee Yeon-woo | 2023-04-24 16:24
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Top 10 Stories
1ChatGPT: boon or bane for banking industry? ChatGPT: boon or bane for banking industry?
2Korea walks fine line between US, China in chip war Korea walks fine line between US, China in chip war
3Jeju-based shamanism researcher documents connection between humans, crows Jeju-based shamanism researcher documents connection between humans, crows
4Man arrested for opening airplane emergency exit during flight Man arrested for opening airplane emergency exit during flight
5Labor unions seek to attract migrant workers at shipyards Labor unions seek to attract migrant workers at shipyards
6Half of medical tourists visiting Korea inspired by K-culture Half of medical tourists visiting Korea inspired by K-culture
7[RAS KOREA] Preserving memories at Cheongju City Archives RAS KOREAPreserving memories at Cheongju City Archives
8Hyundai Steel receives EPD certification for low-carbon H-beam products Hyundai Steel receives EPD certification for low-carbon H-beam products
9Mirae Asset holds ETF Rally 2023 for global expansion Mirae Asset holds ETF Rally 2023 for global expansion
10Gov't moves to assist 3,400 Koreans stranded in typhoon-hit Guam Gov't moves to assist 3,400 Koreans stranded in typhoon-hit Guam
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