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Reporter : Yi Whan-woo
Sat, June 3, 2023 | 05:54
'Korea to expand aid to level of world's top 10 donors': finance minister
Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho pledged to expand the Korean government's aid for developing countries to the level of the world's top 10 donor countries, during the 56th annual meeting of the Asian Development Bank (ADB) in Incheon's Songdo International Business District, Tuesday. In his opening speech for Korea Seminar Day, a one-day...
Regional banking groups suffer declining profits over rate freeze
Regional banking groups are struggling with falling earnings in the face of a freeze on the benchmark interest rate and a sluggish real estate project financing market concentrated in areas outside Seoul.
Korea's tax revenue sees sharpest-ever decline in Q1
Tax revenue in Korea fell 24 trillion won ($17.9 billion) in the first quarter of the year from a year earlier, recording the sharpest year-on-year decline since relevant data has been compiled, the Ministry of Economy and Finance said Friday.
KB beats Shinhan in Q1 earnings in rivalry for top position
KB Financial Group led Shinhan Financial Group in earnings for the first quarter of the year, after allowing its archrival to claim the industry's top position last year for the first time in three years.
Korea gives two sniffer dogs to Thailand
The Korea Customs Service (KCS) gave two sniffer dogs to Thailand, Thursday, on the occasion of Korea Customs Week 2023 being hosted by the KCS in Seoul over three days.
Exhibition showcases new customs clearance technologies
More than a dozen technological labs, engineering schools and businesses participating in Korea Customs Week 2023 are showcasing up-to-date technology that can make customs clearance more efficient and better safeguard borders across the world.
Korea Customs Week anticipated to bolster favorable environment for exporters
Korea hopes to foster a favorable trade environment for exporters through Korea Customs Week 2023, a three-day international gathering in Seoul that discusses ways to lower tariff barriers, the chief of the country's customs regulatory body said Wednesday.
Korean economy avoids recession in Q1 on improved private spending
The Korean economy grew 0.3 percent in the first quarter of 2023 from three months earlier, thanks to an increase in private spending that helped the trade-reliant economy escape recession amid a prolonged slowdown in exports.
Korea to host international meeting on post-pandemic customs policies
The Korea Customs Service (KCS) will host an international meeting in Seoul from Wednesday to Friday, with the aim of bolstering cooperation in customs policies across borders to grapple with the changes brought on by the pandemic to the trade environment.
Banks step up efforts to improve digital literacy of elderly customers
Major commercial banks are bolstering efforts to offer customized services for senior citizens who find adapting to digital banking service platforms difficult amid a sharp decline in the number of offline bank branches.
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