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Reporter : Kim Jae-kyoung
Thu, September 28, 2023 | 01:09
Korea's wobbly economy
With the world economy coming closer to recession, the Korean economy is becoming more and more fragile. Its financial markets are jittery amid an escalating trade war between the U.S. and China. The country is facing a myriad of short-term economic risks with its key growth engines faltering. It is also challenged by structural issues, such as a low birthrate, fast-aging pop...
KIF cuts 2019 growth outlook to 2.1%
The Korea Institute of Finance (KIF) has downgraded its 2019 growth forecast for the Korean economy to 2.1 percent from an earlier prediction of 2.4 percent, citing sluggish exports and investments.In its report released Tuesday, the private think tank said that the country's GDP growth will slow to 2.1 percent this year due to a delay in private sector's recovery amid unfavo...
Korean Re Switzerland gets 'A' rating from S&P
S&P Global Ratings has assigned a long-term issuer credit and financial strength rating of “A” to the Korean Reinsurance Switzerland AG, the global ratings agency said, Monday. Korean Reinsurance Switzerland AG is a Swiss subsidiary of Korean Re, a reinsurance company based in Seoul.
S&P assigns 'A' rating to Shinhan
S&P Global Ratings has assigned its “A” long-term and “A-1” short-term issuer credit ratings to Shinhan Financial Group, the global credit ratings agency said Wednesday.The outlook on the long-term rating is stable.The agency said the Shinhan ratings reflect the group's strong market position as the largest financial holding company in Korea.
Open banking to erode card firms' market share
The financial regulator's move to give market players easier access to a bank settlement system will hurt credit card companies, Moody's Investors Service said Monday.
Policy risks weigh on Korean economy
The Korean economy is reeling from a series of policy failures. As a result, it is losing vitality and resilience. Despite the government's all-out efforts to reinvigorate the economy, companies balk at making investments and hiring new employees. Consumers, particularly those in middle- and low-income brackets, are tightening their purse springs.
Jim Rogers denies Pyongyang's invitation
Legendary investor Jim Rogers Wednesday denied media reports that he would visit Pyongyang in March to meet North Korean leader Kim Jong-un. In an email inquiry about North Korea's invitation and his plan to travel to Pyongyang, he answered that he had not heard anything from the reclusive regime about any such meeting. “We know nothing about it at all. No one has contacted u...
SMEs' exports hit record high of $114.6 bil.
Exports by small- and medium-sized enterprises (SMEs) reached a record high of $114.6 billion in 2018 on the back of the booming global manufacturing industry, the minister of SMEs and startups said, Sunday.
Let 'invisible hand' rule markets
The English Premier League is now the most successful soccer league in the world. As the favorite among soccer fans, it attracts a lot of world-class players and massive investments from abroad. There are several reasons behind its overwhelming success, such as the market being open to the outside, unique marketing efforts and free competition. However, there is, although oft...
Korea shares legislation knowhow with Indonesia
South Korea has stepped up its efforts to globalize its legal system by strengthening its cooperation with Indonesia.
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