KoreaTimes - Economy

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Economy

Mon, May 29, 2023 | 21:45

Financial watchdog strengthens supervision on banks' governance, internal controls

Financial watchdog strengthens supervision on banks' governance, internal controls

The Financial Supervisory Service (FSS), the country's financial watchdog agency, has once again urged banking firms to equip themselves with sound corporate governance and effective internal controls to prevent any possible banking crises.

Anna J. Park | 2023-04-04 17:03

Consumer prices rise at slowest pace in March

Consumer prices rise at slowest pace in March

Consumer prices in Korea increased 4.2 percent year-on-year last month, growing at the slowest pace in a year, led by a fall in petroleum product prices in the face of declining global oil prices, Statistics Korea said Tuesday. But global oil prices are still capable of influencing inflation here, the government agency cautioned, citing an announcement by OPEC on Sunday of a ...

Yi Whan-woo | 2023-04-04 15:56

Korea's debt up nearly 10% in 2022 on pandemic spending

Korea's debt up nearly 10% in 2022 on pandemic spending

Korea's national debt rose around 10 percent in 2022 from a year earlier amid increased spending to cope with the COVID-19 pandemic, data showed Tuesday.

2023-04-04 10:43

ADB maintains 1.5% growth outlook on Korea for 2023

ADB maintains 1.5% growth outlook on Korea for 2023

The Asian Development Bank (ADB) on Tuesday maintained its 1.5 percent growth outlook for Korea in 2023, citing continued uncertainties in the global economy.

2023-04-04 10:17

Korea's consumer prices up 4.2% in March

Korea's consumer prices up 4.2% in March

Korea's on-year growth in consumer prices fell to the lowest level in a year in March, data showed Tuesday, in the latest signal that inflation could slow throughout this year.

2023-04-04 09:34

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

The Swiss attorney general's office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS.

2023-04-03 21:46

Bank loans to self-employed remain above W1,000 tril.

Bank loans to self-employed remain above W1,000 tril.

The amount of bank loans taken out by self-employed people is estimated to have surpassed 1,000 trillion won ($757.9 billion) for the second consecutive quarter amid lingering risks of default, according to data disclosed Monday. Released by main opposition Democratic Party of Korea (DPK) Rep. Yang Kyung-sook, the data compiled by the Bank of Korea (BOK) showed the total amou...

Yi Whan-woo | 2023-04-03 16:28

Hope for recovery in 2nd half remains in doubt due to continued trade deficit

Hope for recovery in 2nd half remains in doubt due to continued trade deficit

A protracted trade deficit driven by plummeting exports to China is raising doubts over whether the Korean economy will bounce back in the second half of this year as initially predicted by the government. Asia's fourth-largest economy posted a 13-month-long trade deficit as of March - the longest streak since 1997 when it was in the middle of the Asian financial crisis, acco...

Yi Whan-woo | 2023-04-03 15:58

KOSPI-listed companies to start publishing disclosures in English next year

KOSPI-listed companies to start publishing disclosures in English next year

Next year, companies listed on the country's main benchmark KOSPI market will be required to publish disclosures in English within three days after the same disclosure information is submitted in Korean to the Korea Exchange (KRX), the bourse market operator. This is according to a revision of the KRX's disclosure regulations completed at the end of March.

Anna J. Park | 2023-04-02 15:30

Korean exporters saved $5 bil. on lower tariffs from FTAs in 2021: gov't data

Korean exporters saved $5 bil. on lower tariffs from FTAs in 2021: gov't data

Korean exporting companies saved 6.6 trillion won ($5 billion) due to lower tariffs in 2021 thanks to the country's free trade agreements (FTAs) with six major economies, including the United States and the European Union, government data showed Sunday.

2023-04-02 15:20

11 12 13 14 15 16 17 18 19 20

Top 10 Stories

1	ChatGPT: boon or bane for banking industry?

2	Korea walks fine line between US, China in chip war

3	Jeju-based shamanism researcher documents connection between humans, crows

4	Man arrested for opening airplane emergency exit during flight

5	Labor unions seek to attract migrant workers at shipyards

6	Half of medical tourists visiting Korea inspired by K-culture

7	RAS KOREAPreserving memories at Cheongju City Archives

8	Hyundai Steel receives EPD certification for low-carbon H-beam products

9	Mirae Asset holds ETF Rally 2023 for global expansion

10	Gov't moves to assist 3,400 Koreans stranded in typhoon-hit Guam

DARKROOM