SEOUL, Nov. 30 (Korea Bizwire) – A local credit card company, BC Card, is predicting that those in their 40s to 50s who share personal interests with Deokhu (mania) or the younger generation will stand out as big players in terms of consumption next year. On November 29, BC Card announced its report of predicted consumption [...]
SEOUL, Nov. 30 (Korea Bizwire) – The net asset of South Korea’s overseas investment funds last week hit a record high of 88.2 trillion won (US$75.4 billion) in nearly nine years, government data showed Wednesday. It marked the highest since Dec. 6, 2007, when the corresponding figure came to 87.8 trillion won, according to data [...]
SEOUL, Nov. 30 (Korea Bizwire) – The United States’ trade policy will inevitably face various changes under the new Donald Trump administration, but unlike what many believe, the U.S. will not be seeking to reduce its trade with other countries, local experts said Wednesday. “Trump’s protectionist trade view is in fact practicalism based on his [...]
SEOUL, Nov. 29 (Korea Bizwire) – Eight out of ten Korean small and medium-sized companies have a very unfavourable view of the current state of economic affairs in Korea. A recent survey related to the current financial environment, targeting employees in three hundred SMEs, showed that 85.7 percent thought the country was in a financial [...]
SEOUL, Nov. 29 (Korea Bizwire) – A bill was proposed stiffening monetary penalties and prison sentences for illegal stock trading made with inside information and price manipulation, people in the financial community said Monday. The bill submitted by Rep. Kim Young-joo of main opposition Democratic Party would allow monetary fines in the amount two to [...]
SEOUL, Nov. 28 (Korea Bizwire) – Income among households in their 40s decreased in the third quarter of 2016, the first time that earnings in this demographic have dropped since figures were first tabulated in 2003. The drop in income is indicative of the accelerating Korean economic crisis, as those in their 40s are usually [...]
SEOUL, Nov. 28 (Korea Bizwire) – It would take more than 38 years for the young generation of today to save enough money be able to buy an apartment in the capital, if they save all of their disposable income, statistics showed Monday. The average monthly disposable income for people 39 years old or under [...]
SEOUL, Nov. 28 (Korea Bizwire) — The ratio of South Korean savings banks’ loans extended to households hit a record amid shrinking corporate investment, data showed Sunday. Their outstanding loans totaled 41.1 trillion won (US$34.9 billion) as of end-September, up 15.77 percent from the end of last year, according to the Bank of Korea’s economic [...]
SEOUL, Nov. 25 (Korea Bizwire) – It’s been a month since Korea began the pilot operation of a robo-advisor for financial investments, and thus far, it has left some positive impressions. According to Koscom, an IT solution company that’s overseeing the test bed, the AI-based system managed to make a profit on all portfolios investing [...]
SEOUL, Nov. 25 (Korea Bizwire) – Daelim is set to become the first local construction firm to make use of sound design in an apartment complex. Sound design refers to the process of specifying, manipulating, and producing sound elements to achieve a specific effect or mood. Although it is most associated with sound recording and [...]