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Reporter : Yi Whan-woo
Sat, December 9, 2023 | 06:52
Number of elderly Koreans living alone hits record high
More than one out of five elderly Koreans live alone, a record-high for single-person households among senior citizens and an emerging concern related to the nation's rapidly aging society.
Economy | 2023-08-04 16:42
Korean insurers head overseas as domestic market becomes saturated
Insurance companies in Korea are bolstering efforts to expand their business activities in overseas markets in a bid to nurture growth engines as the domestic market has become saturated, according to industry sources.
Companies | 2023-08-04 15:40
Shinhan opens 1st group-wide data platform in banking industry
Shinhan Financial Group officially launched its first group-wide network connecting the data of all its major affiliates, the company announced on Monday.
Companies | 2023-08-03 16:45
New US credit rating downgrade to temporarily impact Seoul's financial markets: experts
The Korean won is anticipated to lose ground against the U.S. dollar only for a short term as it settles at the mid-1,200 level per dollar, in the wake of Fitch Rating's downgrade of the U.S.' credit rating, analysts said Thursday.
Economy | 2023-08-03 16:44
Korea's per capita GDP shrinks at 3rd-fastest pace among major economies
Korea's gross domestic product (GDP) per capita fell at the third-fastest pace among the world's major economies last year, driven by a sharp depreciation of the Korean currency against the U.S dollar, according to a report, Wednesday. Compiled by the Bank of Korea (BOK) and released by Rep. Jin Sun-mee of the Democratic Party of Korea (DPK), the report showed GDP per capita ...
Economy | 2023-08-02 16:34
IBK chief underlines innovation on bank's anniversary
Industrial Bank of Korea (IBK) Chairman and CEO Kim Sung-tae addressed the need for innovation on the state-run lender's path to becoming a global top-notch banking firm, during its 62nd founding anniversary, Tuesday.
Companies | 2023-08-01 16:02
Gov't faces oil price dilemma as fuel tax cut set to expire
Global oil prices are resurging, putting the government in a dilemma over whether to extend the years-long tax cut on fuel when it expires this month, again giving up potential tax revenue.
Economy | 2023-08-01 15:12
K-pop band aespa makes special appearance on KB web drama
KB Kookmin Bank released a web drama featuring a special appearance by members of the K-pop girl band aespa, as a part of the bank's long-term efforts to attract young customers, the company announced on Monday.
Companies | 2023-07-31 16:45
Falling tax revenues raise alarm on gov't fiscal health
Tax revenues in Korea fell by nearly 40 trillion won ($31.4 billion) in the first half of 2023 from a year earlier, fueling concerns of a massive shortfall in the fiscal budget and the sustainability of the government's eased tax regulation.
Economy | 2023-07-31 16:45
Worker-management row escalates as KDB relocation plan materializes
Tensions between labor and management at Korea Development Bank (KDB) are escalating as the state-run lender is finalizing its plan to move its headquarters from Seoul to Busan.
Companies | 2023-07-30 16:55
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It's beginning to look a lot like Christmas
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