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Tue, February 27, 2024 | 08:55
Gov't to focus on revitalizing economy in 2nd half
The government will place top priority on reinvigorating the economy in the second half of this year by expanding financial support for exporters and bolstering domestic demand through more incentives for local travel, the finance ministry said Tuesday. Reflecting sluggish exports, the ministry lowered its 2023 economic growth outlook from 1.6 percent to 1.4 percent, which is...
Mirae Asset receives highest ESG rating among brokerage houses
Mirae Asset Securities received the highest rating among all brokerage houses in Korea in environmental, social and corporate governance (ESG) efforts assessed by an ESG rating agency.
Does June trade surplus signal turnaround in exports?
Korea's trade balance shifted to the black for the first time in 16 months in June, as exports declined at the slowest pace seen so far this year.
Korea, Japan revive $10 billion currency swap
Korea and Japan agreed to revive a $10 billion currency swap agreement during a meeting of their finance ministers in Tokyo, Thursday, on the heels of thawing diplomatic ties and accelerated economic cooperation. The finance ministry said Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho and his Japanese counterpart Shunichi Suzuki struck a deal to resum...
Shinhan, Woori heads mark 100 days since inauguration
The chairmen of two banking groups - Jin Ok-dong of Shinhan and Yim Jong-yong of Woori - are each set to celebrate their first 100 days on the job since taking office in March, pushing ahead to visualize their respective goals.
Statistics Korea chief joins OECD's stats governing body
Han Hoon, commissioner of Statistics Korea, has been appointed to the highest decision-making body of the OECD's Committee on Statistics and Statistical Policy.
Number of newborns falls to record low in April
The nation's population decline has been accelerating, with the number of newborn babies falling to a new low in April, Statistics Korea said Wednesday.
Hana, Woori expected to focus on M&As in 2nd half
Hana Financial Group and Woori Financial Group are anticipated to accelerate their respective bids to acquire non-banking businesses in the second half of the year as they both look to diversify their portfolios, according to industry sources, Tuesday.
Hana donates school stationery for cyclone-hit Myanmarese children
Hana Financial Group donated school stationery for children in Myanmar which was hit recently by the powerful storm Cyclone Mocha, the company announced on Tuesday. The Korean banking group said officials from Hana Microfinance, its corporate entity in Myanmar's largest city of Yangon, visited two cyclone-hit regions in Rakhain and Magway.
Food prices rise more than 3 times faster than disposable income growth
The prices of grocery items increased more than people's disposable income did in the first three months this year, adding to concerns about the real income or inflation-adjusted earnings of households.