SEOUL, June 9 (Korea Bizwire) — Leading global investment banks have begun upgrading their forecasts for South Korea’s economic growth in 2025, citing expectations of fiscal stimulus from the new administration and easing trade tensions between the U.S. and China. After months of downward revisions driven by sluggish domestic consumption and weak exports, institutions such [...]
SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — Corporate retirement pension funds grew nearly 13 percent from a year earlier in 2024, breaching the 400 trillion-won mark for the first time since their introduction in 2005, while their return on investment declined, data showed Monday. The total amount of corporate retirement pension funds under management came to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s alternative trading system (ATS), NextTrade (NXT), is rapidly gaining traction as a go-to platform for off-hours stock trading, with pre-market and after-hours volumes soaring fivefold over the past two months. Despite the momentum, the company says it will prioritize stability over aggressive expansion. According to figures released by [...]
SEOUL, June 7 (Korea Bizwire) — South Korea must embrace bold structural reforms and innovation to avoid falling into a prolonged period of low growth similar to Japan’s post-bubble stagnation, the Bank of Korea (BOK) warned in a policy report released shortly after President Lee Jae-myung’s inauguration. In its report titled “Lessons from the Japanese [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s entertainment stocks are rallying on renewed hopes of a diplomatic thaw with China, as investors bet on policy tailwinds under President Lee Jae-myung’s new administration. According to data released by the Korea Exchange, shares of the nation’s four major entertainment companies have surged an average of 56.7% [...]
SEOUL, June 6 (Korea Bizwire) — South Korean brokerage stocks are soaring on renewed optimism over the new administration’s stock market revitalization agenda, fueling a dramatic uptick in leveraged retail investing. But analysts warn that selective, fundamentals-based investment is now essential as market differentiation is expected to intensify. According to data compiled by Yonhap Infomax, credit-based [...]
SEOUL, June 4 (Korea Bizwire) — U.S. President Donald Trump signed a proclamation Tuesday raising tariffs on imported steel and aluminum from 25% to 50%, dramatically escalating trade tensions and sending shockwaves through South Korea’s embattled steel industry. The move, viewed by many as the realization of a “steel curtain” around the U.S. market, erects [...]
SEOUL, June 4 (Korea Bizwire) — As South Korea prepares to usher in a new administration following the 21st presidential election, the nation’s digital asset industry is poised for a potential regulatory breakthrough, with both leading candidates expressing support for broader integration of blockchain-based financial products into the legal framework. Both Lee Jae-myung and Kim [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s banking industry is calling on the incoming administration to open the door for greater involvement in the digital asset space and non-financial sectors, while also seeking regulatory reforms in investment advisory services, trust systems, and enforcement transparency. According to banking officials on June 3, the Korea Federation [...]