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Thu, June 8, 2023 | 10:46
[1st YEAR in OFFICE] Yoon's economic team somewhat successful in juggling growth, inflation
President Yoon Suk Yeol's economic policy team appears to have been somewhat successful in striking a balance between growth and inflation, a priority task set for it after Yoon took office a year ago, according to analysts.
Economy | 2023-05-09 15:48
Hana's asset management head committed to use art as tool for joint prosperity
Kim Young-hun, the head of Hana Bank's asset management business, says he is committed to using art as a banking tool for joint prosperity. In that regard, Kim said he has been focusing on building trust with clients since taking office in December last year as well as offering opportunities for artists to showcase their works through Hana Art Bank, a range of services offere...
Companies | 2023-05-08 09:23
Hana inks global business expansion pact with Taiwan's CTBC Bank
Hana Financial Group announced, Sunday, it formed a strategic partnership with CTBC Bank, a leading private lender in Taiwan, to enhance its global network for its vision to become Asia's best financial services company.
Companies | 2023-05-07 16:30
Korea likely to slash 2023 growth forecast amid plunging exports
Korea is leaning toward revising down its growth forecast for this year, in the face of a deepening export slump, a weaker-than-expected spillover effect of China's reopening and other worsening economic risks here and abroad. Earlier this year, both the Ministry of Economy and Finance and the Bank of Korea (BOK) estimated the country's economy to expand by 1.6 percent in 202...
Economy | 2023-05-07 16:29
[INTERVIEW] Philippines' top central banker calls on ADB members to enhance multilateral cooperation against crisis
INCHEON - The member countries of the Asian Development Bank (ADB) should continue to enhance multilateral financial cooperation to ensure sufficient liquidity and foreign exchange reserves against possible economic crisis, the top central banker of the Philippines said. In an exclusive interview with The Korea Times, Felipe Medalla, the governor of Bangko Sentral ng Pilipina...
Economy | 2023-05-04 16:23
Korea seeks to expand exporters' opportunities through ADB meeting
INCHEON - Korea is capitalizing on the annual meeting of the Asian Development Bank (ADB) to widen opportunities for its exporters in the post-pandemic era.
Economy | 2023-05-03 17:04
ADB urged to better capitalize on digitalization in post-pandemic era
INCHEON - The Asian Development Bank (ADB) is urged to capitalize more on digital acceleration in the post-pandemic era on its mission to reduce poverty and bolster growth in Asia, international experts on finance, technology and sustainable development said Wednesday. The experts advised the ADB to work closer with the private sector, to help improve productivity in the regi...
Economy | 2023-05-03 17:04
Nobel Prize-winning economist urges policy flexibility for socio-economic challenges
INCHEON - Korea should be flexible with its public policy to better cope with low birthrates, gender disparity in the labor force and other social and economic problems that can work as “weak links” against the country's economy in the post-pandemic era, a Nobel Prize-winning economist said.
Economy | 2023-05-02 16:35
'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...
Economy | 2023-05-02 15:43
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.
Companies | 2023-04-28 15:47
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