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The Korea Times

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Economy

Sun, December 10, 2023 | 22:27

FSS chief highlights maritime finance's paradigm shift toward ESG standards

FSS chief highlights maritime finance's paradigm shift toward ESG standards

Financial Supervisory Service (FSS) Governor Lee Bok-hyun accentuated the significance of maritime finance and its need to be transformed into a customized comprehensive financial service that meets global environmental, social and corporate governance (ESG) standards.

2023-10-31 15:55

Tax revenue falls $37.76 bil. through Sept. on weak corporate performance

Tax revenue falls $37.76 bil. through Sept. on weak corporate performance

Korea's tax revenue fell 50.9 trillion won ($37.76 billion) during the first nine 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 Tuesday.

2023-10-31 15:00

Korea's trade terms improve for 4th month in September

Korea's trade terms improve for 4th month in September

Korea's terms of trade rose for the fourth month in a row in September as import costs fell at a faster pace than export prices, central bank data showed Tuesday.

2023-10-31 13:59

Korea's beverage exports hit all-time high this year: data

Korea's beverage exports hit all-time high this year: data

Korea's exports of beverages reached a record high during the first nine months of 2023 in line with the popularity of Korean food and the overall culture, the customs agency said Tuesday.

2023-10-31 11:00

Industrial output, retail sales, investment all rise in September: data

Industrial output, retail sales, investment all rise in September: data

Korea's industrial output rose for the second consecutive month in September on the back of the turnaround in the semiconductor sector, data showed Tuesday.

2023-10-31 10:27

Majority of top income earners work in Seoul metropolitan area

Majority of top income earners work in Seoul metropolitan area

Recent data shows that eight out of 10 high-income earners in Korea - in the top 1 percent - have jobs in the Seoul metropolitan area, including the city of Incheon and the province of Gyeonggi .

2023-10-30 16:57

Korea retrieves 71.4% of bailout funds

Korea retrieves 71.4% of bailout funds

The government has retrieved over 70 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Monday.

2023-10-30 14:15

Retail sales up 9.5% in Sept. on strong online demand

Retail sales up 9.5% in Sept. on strong online demand

Retail sales in Korea advanced 9.5 percent on-year in September amid the strong performance of online platforms coupled with the Chuseok holiday, data showed Monday.

2023-10-30 11:22

ABS issuance jumps 47.4% in Q3

ABS issuance jumps 47.4% in Q3

The issuance of asset-backed securities (ABSs) in Korea surged over 47 percent from a year earlier in the third quarter on a sharp increase in those issued by the state-run housing finance company, data showed Monday.

2023-10-30 09:22

Weak yen dims Korea's economic prospects

Weak yen dims Korea's economic prospects

Concerns are mounting over the potential negative impact of prolonged weakening of the Japanese yen on Korean exports which were expected to bolster the Korean economy in the second half of this year.

2023-10-29 15:53

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