search close
Reporter : Yi Whan-woo
Mon, December 4, 2023 | 16:00
Jobless, indebted twentysomethings further darken Korea's economic outlook
More Koreans in their 20s are struggling with debt and are relying on the government to write off their arrears, while it is getting tougher to land jobs. Such challenges faced by young Koreans are adding to concerns of an economic slowdown, as the demographic group is a valuable component of the nation's workforce in the midst of a rapidly growing aged population, according ...
EcoPro shares fall on founder's imprisonment
Shares of EcoPro, Korea's leading producer of secondary battery materials, and its subsidiary EcoPro BM, retreated on the tech-heavy Kosdaq, Friday, after the Supreme Court confirmed a prison term for their former chairman and founder Lee Dong-chae on the same day.
BOK's months-long rate freeze tested by weakening won
The weakening of the Korean won against the U.S. dollar this month has raised questions over whether the Bank of Korea (BOK) should consider resuming rate hikes after keeping the base rate steady since January.
Korea to build homegrown AI chip-powered data centers to foster growth engines
Korea will speed up efforts to build data centers powered by locally-developed artificial intelligence (AI) chips on its path to nurture the next growth engines.
Citibank Korea CEO becomes highest-paid bank CEO
Citibank Korea CEO Yoo Myung-soon was the highest-paid leader in the Korean banking industry in the first half of the year, data showed, Tuesday.
Won sees steep depreciation due to China's deflation, unfrozen Iran fund
The Korean currency weakened nearly 60 won against the U.S. dollar this month alone and dipped to the 1,300 won level, after managing to stay in the 1,200 won level even after the Korea-U.S. interest rate gap widened to a record high of 2 percentage points in late July.
Return of Chinese tourists fuels optimism for travel trade balance
The resumption of Chinese tour groups to Korea announced last Thursday is fueling optimism for the nation's worsening travel trade balance which suffered its largest half-yearly deficit in five years.
Hana joins hands with financial watchdog to nurture young digital experts
Hana Financial Group and the Financial Supervisory Service (FSS) are co-hosting the second edition of a project aiming to foster young workers skilled in digital technologies after successfully completing the first edition last month, the banking group said Sunday. Also joined by Google Korea, Amazon Web Services Korea, Microsoft Korea and SK Telecom, the Hana Digital Power O...
Bank CEOs may face liability for lax internal controls
Commercial bank CEOs could face liability if their companies are caught committing forgery, embezzlement and other financial crimes, all of which have been rampant lately in the banking industry, according to financial industry officials, Sunday.No bank CEOs have so far been held accountable for the above-mentioned crimes. Frustratingly, few of the CEOs have succeeded in find...
Samsung heiresses pay inheritance tax with secured loans
Three heiresses of late Samsung chief Lee Kun-hee took out more bank loans to pay massive inheritance taxes by putting up their respective shares in the company as collateral, according to a business think tank, Wednesday.