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The Korea Times

The Korea Times

The Korea Times

Finance

Economy

Wed, October 4, 2023 | 20:01

FDI pledges to Korea reach record-high of $24 billion through Q3

FDI pledges to Korea reach record-high of $24 billion through Q3

Korea has recorded its highest-ever foreign investment commitments during the first three quarters this year, with key contributions coming from sectors of service and manufacturing, government data showed Wednesday.

2023-10-04 16:48

Seoul to invest W5 tril. to become fintech powerhouse

Seoul to invest W5 tril. to become fintech powerhouse

Seoul Mayor Oh Se-hoon vowed Wednesday to inject a total of five trillion won ($3.7 billion) to foster fintech startups into unicorns and transform the capital into a global fintech powerhouse.

2023-10-04 15:55

Toss founder advises startups to 'think big' from public interest perspective

Tax revenue down $34.9 bil. through August amid property market slump

Tax revenue down $34.9 bil. through August amid property market slump

Korea's tax revenue fell 47.6 trillion won ($34.9 billion) on-year through August this year, data showed Wednesday, amid the prolonged slump in the property market.

2023-10-04 11:46

FDI pledges to Korea hit record high through Q3: data

FDI pledges to Korea hit record high through Q3: data

Foreign direct investment (FDI) pledges to Korea rose 11.3 percent on-year during the first nine months of this year to reach an all-time high on growing investment in chips, batteries and other advanced sectors, the industry ministry said Wednesday.

2023-10-04 11:28

Industrial output gains 2.2% in August on chip recovery

Industrial output gains 2.2% in August on chip recovery

Korea's industrial output rebounded in August from a month earlier on the back of a robust recovery in the chip sector, data showed Wednesday.

2023-10-04 09:55

BOK expected to start rate-cutting cycle in Q3 next year: report

BOK expected to start rate-cutting cycle in Q3 next year: report

The Bank of Korea (BOK) is expected to begin cutting its key interest rate in the third quarter of next year due to uncertainties over high inflation and the U.S. monetary policy, a report showed Tuesday.

2023-10-03 11:36

Exports of dried laver up 16% this year: data

Exports of dried laver up 16% this year: data

Korea's exports of dried seaweed, or 'gim,' grew 16 percent on-year during the first eight months of 2023 on solid overseas demand in line with the popularity of Korean food and culture, the oceans ministry said Tuesday.

2023-10-03 09:12

Consumers to face higher prices for daily necessities after Chuseok

Consumers to face higher prices for daily necessities after Chuseok

Consumers are expected to face a spike in the cost of daily necessities after the Chuseok holiday amid soaring international crude oil and other raw material prices, according to industry officials, Monday.

2023-10-02 17:04

Korea's drop in exports eases in Sept. on chip sales recovery

Korea's drop in exports eases in Sept. on chip sales recovery

Korea's exports fell for the 12th consecutive month in September but logged the smallest year-on-year decline so far this year, as global demand for semiconductors coninues to recover, the industry ministry said Sunday.

2023-10-01 10:36

Households in capital area hold 70% more in assets than non-metropolitan families: data

Households in capital area hold 70% more in assets than non-metropolitan families: data

Assets held by Korean households in Seoul and the surrounding metropolitan areas were some 70 percent larger than those owned by households in the non-metropolitan regions, data showed Saturday.

2023-09-30 14:53

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Lawmakers want chairmen of financial firms held accountable over misconduct

9	Dong-A Socio Group’s honorary chairman passes away at 96

10	Returning home from Chuseok holiday

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