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Economy

Sun, December 10, 2023 | 22:19

Korea offers huge earnings growth potential in 2024: Goldman Sachs

Korea offers huge earnings growth potential in 2024: Goldman Sachs

Korea offers the greatest earnings growth potential in the Asia-Pacific region next year, supported by a recovery in tech industry exports, Goldman Sachs said on Tuesday.

2023-11-21 16:05

Korea's exports of kimchi up 10% through October

Korea's exports of kimchi up 10% through October

Korea's exports of kimchi advanced 10 percent on-year through October this year, data showed Tuesday, with the amount widely anticipated to hit a record level for all of 2023.

2023-11-21 15:20

Household credit rises most in Q3 despite high borrowing costs

Household credit rises most in Q3 despite high borrowing costs

Korea's household credit soared at a record-high pace in the third quarter of the year as home-backed loans increased sharply amid high borrowing costs, central bank data showed Tuesday.

2023-11-21 14:43

Regulators urge financial groups to assume greater social responsibility

Regulators urge financial groups to assume greater social responsibility

Heads of financial authorities have once again called on domestic financial groups to take on greater social responsibility, pressuring the companies to lower the burden on small and medium-sized business owners stemming from soaring interest rates.

2023-11-20 16:43

Korean banks' Q3 net profit jumps 38% on-year

Korean banks' Q3 net profit jumps 38% on-year

Korean banks' net profit rose sharply from a year earlier in the third quarter on an increase in interest income, preliminary data showed Monday.

2023-11-20 13:50

Inflation rises 3.7% in Seoul in Q3: data

Inflation rises 3.7% in Seoul in Q3: data

Consumer prices rose in all 17 major cities and provinces in Korea in the third quarter, and Seoul reported the sharpest growth of 3.7 percent among them on rising utility bills and costs of eating out, data showed Monday.

2023-11-20 12:52

FSS to beef up scrutiny of listed companies' new business plans

FSS to beef up scrutiny of listed companies' new business plans

The Financial Supervisory Service (FSS) has vowed to take stern measures against listed companies that do not follow through on their publicly announced business plans. The financial watchdog called it an illegal act impairing the trust of the domestic capital market.

2023-11-19 16:33

Korean economy shows signs of recovery despite external uncertainties: gov't

Korean economy shows signs of recovery despite external uncertainties: gov't

The Korean economy has shown signs of a gradual recovery, led by improvement in exports, production and employment, though external uncertainties persist amid volatile prices of raw materials, the finance ministry said Friday.

2023-11-17 12:07

Korean economy expected to grow 2.2% next year: IMF

Gov't to look into corporate 'shrinkflation' practices amid public outcry

Gov't to look into corporate 'shrinkflation' practices amid public outcry

The finance ministry said Friday that the government will look into cases of companies reducing the quantity of their products while freezing prices without consumers' knowledge due to mounting public complaints against such practices amid high inflation.

2023-11-17 10:34

Retail, institutional investors to be subject to same rules for short selling

Retail, institutional investors to be subject to same rules for short selling

The ruling People Power Party and financial authorities have announced plans to apply the same conditions for the local short selling system for both retail and institutional investors.

2023-11-16 17:27

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