SEJONG, South Korea, March 14 (Korea Bizwire) — South Korea’s economy is increasingly influenced by domestic factors rather than global conditions, signaling a shift toward self-driven growth and stability, according to a new report from the Korea Institute for International Economic Policy (KIEP). The study, released on Thursday by KIEP’s International Macroeconomics and Finance Division, [...]
SEOUL, March 14 (Korea Bizwire) — The chief of the South Korean central bank warned Friday the current level of ultra-low birth rate will cause South Korea to log negative economic growth after 2050, calling for measures to ease intense competition and burdens regarding employment, housing and child care. The Bank of Korea (BOK) Gov. [...]
SEOUL, March 14 (Korea Bizwire) — More than half of South Korea’s listed companies received no coverage from securities analysts last year, with research reports heavily concentrated on large-cap stocks and companies listed on the country’s main KOSPI board. According to data released on March 13 by the Korea IR Association’s Corporate Research Center, while the [...]
SEOUL, March 11 (Korea Bizwire) — Amid China’s rapid advancements in high-tech industries, South Korean investors are increasingly turning to Chinese stocks, fueling a surge in trading volumes, according to Chinese state media. China Central Television (CCTV) recently reported, citing data from the Korea Securities Depository, that the total trading volume of Chinese mainland and [...]
SEJONG, March 10 (Korea Bizwire) — Financial authorities in South Korea have announced new measures to encourage domestic investment and support the won’s value, including raising the mandatory domestic stock investment ratio for specialized Individual Savings Accounts (ISA) and lifting restrictions on won-denominated “Kimchi bonds”. The Ministry of Economy and Finance, Financial Services Commission, Bank of [...]
SEOUL, March 9 (Korea Bizwire) — The amount of insurance payments collected in insurance frauds climbed to an all-time high last year, prompting authorities to step up efforts to curb such practices, the financial regulator said Sunday, Insurance scammers took a record 1.15 trillion won (US$794.6 million) through wrongful filings in 2024, up 3 percent [...]
SEOUL, March 7 (Korea Bizwire) — Amid a prolonged economic downturn, a vast majority of South Korean businesses anticipate a financial crisis in 2025, according to a new survey by the Korea Employers Federation (KEF). The survey, conducted in January among 508 domestic companies with at least 50 employees, revealed that 96.9% of respondents expect an [...]
SEOUL, March 6 (Korea Bizwire) — Nearly 1 in 3 large companies in South Korea have reported a deterioration in their financial conditions this year compared with 2024, a survey released Thursday showed. The survey conducted by Mono Research on the country’s top 1,000 firms in terms of sales found that 31 percent of the [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s economy grew 2 percent last year, matching an earlier estimate, amid slowing export growth, sagging domestic demand and a political crisis, central bank data showed Wednesday. The country’s real gross domestic product (GDP) — a key measure of economic growth — increased 2 percent last year, in [...]
SEOUL, March 5 (Korea Bizwire) — The premium on South Korean gold prices, which had been trading more than 20% above international rates, has rapidly declined, leading to heightened market volatility. At one point, domestic gold prices dropped at 15 times the rate of global gold prices, triggering increased investor caution. According to the Korea [...]