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Reporter : Yi Whan-woo
Sun, December 3, 2023 | 10:41
OECD lowers Korea's 2023 GDP growth outlook to 1.4%
The Organization for Economic Cooperation and Development (OECD) lowered its 2023 economic growth outlook for Korea to 1.4 percent, Wednesday, after keeping it steady at 1.5 percent in its previous forecast given in September.
International marriages increase at sharpest rate in 2022
Korea posted its steepest year-on-year increase in international marriages in 2022, primarily because travel restrictions were eased after years of the COVID-19 pandemic, according to data, Wednesday.
Gov't price interventions heighten concerns over deceptive sales practices
The government’s push to curb food prices by twisting the arms of manufacturers appears to have backfired, as embattled manufacturers are passing on the extra costs to customers through a series of deceptive sales campaigns, thus undermining the inflation fight.
Why are major South Korean stocks persistently undervalued?
Despite South Korea's remarkable economic progress over the past decades, major companies here are still grappling with the weight of the so-called Korea discount in the stock market, a phenomenon where their equities are undervalued compared to global peers.
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.
Goldman Sachs remains upbeat over AI, health in 2024
Investors should pay attention to artificial intelligence (AI), software, health care and biotechnology in 2024 as these fields promise “more return dispersion across asset classes, sectors and regions, with complex choices and tradeoffs,” a Goldman Sachs Asset Management said, Monday.
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.
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.
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.
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.
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