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Thu, November 30, 2023 | 01:06

Population of young Koreans expected to halve by 2050

Population of young Koreans expected to halve by 2050

Korea will see the population of young people decline at an accelerated pace, with the number of those aged 19 to 34 expected to drop by half about 30 years from now, according to a report, Monday.

2023-11-27 16:43

Koreans need $2,830 a month after retirement: study

Koreans need $2,830 a month after retirement: study

At least 3.7 million won ($2,830) in monthly income is needed after retirement for a well-maintained quality of life, according to a study, Sunday.

2023-11-27 09:00

Eximbank raises $800 mil. via syndicated social loan

Eximbank raises $800 mil. via syndicated social loan

The state-run Export-Import Bank of Korea (Eximbank) said Sunday it has raised $800 million through a syndicated social loan to help small and medium-sized enterprises (SMEs) in Korea.

2023-11-26 16:03

KB under probe for possible 5 tril. won loss through ELS sales in Hong Kong

KB under probe for possible 5 tril. won loss through ELS sales in Hong Kong

KB Kookmin Bank is under probe by the Financial Supervisory Service (FSS) for the possible loss of nearly 5 trillion won ($3.83 billion) that it could potentially inflict on its customers through equity-linequity-linked securities (ELS) sales in Hong Kong, according to industry sources, Friday.

2023-11-24 16:39

Korea-UK partnership prompts rosy outlook for finance sector

Korea-UK partnership prompts rosy outlook for finance sector

President Yoon Suk Yeol’s latest state visit to the United Kingdom is fueling optimism for financial cooperation in both public and private sectors between the two countries.

2023-11-24 15:20

Poorest households struggle with reduced income

Poorest households struggle with reduced income

Korea's poorest households are getting poorer, the only group among five income brackets to have seen reduced incomes in the third quarter, data showed, Thursday.

2023-11-23 15:50

Small investors add to dispute over politically motivated ban on short selling

Small investors add to dispute over politically motivated ban on short selling

Small investors are asking the government to tighten the latest ban on short selling, as the ban was regarded as a politically motivated decision ahead of the April 2024 general elections and the retail investors, as voters, appear to be making excessive demands thereafter.

2023-11-23 15:21

Governance, legal ambiguity key hurdles for central bank digital currency projects: BIS chief

Governance, legal ambiguity key hurdles for central bank digital currency projects: BIS chief

The chief of the Bank for International Settlements (BIS) said Thursday that governance and legal ambiguity should be solved on top of technical infrastructure advances for a step toward central bank digital currency projects.

2023-11-23 11:55

Korea to increase frequency of drug searches on all inbound travelers

Korea to increase frequency of drug searches on all inbound travelers

Korea will carry out more drug searches on all incoming passengers - both Korean and foreign nationals - who traveled to countries where drug use and drug-related crimes frequently occur, the government announced, Wednesday.

2023-11-22 16:39

KCGI welcomes Hyun's resignation from Hyundai Elevator board

KCGI welcomes Hyun's resignation from Hyundai Elevator board

KCGI Asset Management positively evaluated the recent resignation of Hyun Jeong-eun from the posts of both Hyundai Elevator's board of directors' chair and the firm's registered director, calling it 'the first step in normalizing the board.'

2023-11-22 16:35

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