growth Archives | Be Korea-savvy
Banks Post 20 Trillion Won in Interest Income, but Corporate Growth Slows

Banks Post 20 Trillion Won in Interest Income, but Corporate Growth Slows

SEOUL, Aug. 20 (Korea Bizwire) — Listed companies showed slower growth in net profits in the first half of the year, while banks raked in approximately 20 trillion won in interest fees alone. As the growth rate of listed companies was smaller, banks enjoyed a boom with interest income proving to be a significant driver [...]

P2P Lending Associations Create Regulations Aimed at Survival

P2P Lending Associations Create Regulations Aimed at Survival

SEOUL, Aug. 14 (Korea Bizwire) — With worry that peer-to-peer (P2P) lending financial corporations are on their last legs continuing to grow, two P2P associations that are leading the industry have each come up with their own regulations to be announced within the month. The Korea P2P Finance Association, a group that currently has 60 [...]

Kakao Bank Logs Rapid Growth in the Year Since its Launch

Kakao Bank Logs Rapid Growth in the Year Since its Launch

SEOUL, Jul. 23 (Korea Bizwire) — Kakao Bank, South Korea’s second Internet-only bank, has posted rapid growth in its customer base and assets since its launch a year ago to overtake the country’s smallest regional lender, data showed Monday. Kakao Bank, controlled by Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, started [...]

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

LONDON, Jul. 11 (Korea Bizwire) —  VistaJet, the first and only global business aviation company, continued to gain substantial market share around the world during the first half of 2018. Driven by the sustained demand for the Company’s flagship Program subscription model, new Members rose by 32% year-on-year, with Europe doubling the number of new contracts [...]

S. Korean IT Firms Setting Eyes on Car-sharing Services

S. Korean IT Firms Setting Eyes on Car-sharing Services

SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s IT firms are tapping deeper into the car-sharing industry, market watchers said Sunday, as demand for such services is expected to grow sharply over the upcoming years. According to the data compiled by Navigant Research, the global market for car-sharing services is expected to grow 21.8 percent [...]

No. of Foreign Students in S. Korea Grew at Record-high 18 pct Last Year: Data

No. of Foreign Students in S. Korea Grew at Record-high 18 pct Last Year: Data

SEOUL, Feb. 5 (Korea Bizwire) — The number of foreign students enrolled in South Korea showed a record-high growth rate last year, propelled by a rise in those from China, a tally from a state-run educational body showed Monday. The number of foreign students registered at South Korean universities rose 18.8 percent from a year [...]

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

S. Korea Cuts Growth Estimate, Proposes 10 Trillion Won Extra Budget

SEJONG/SEOUL, June 28 (Korea Bizwire) – South Korea’s finance ministry on Tuesday said it has trimmed its growth estimate for the year, while seeking to draw up a 10 trillion won (US$8.45 billion) extra budget to buttress Asia’s fourth-largest economy against headwinds such as a slump in domestic and overseas demand and, more recently, Britain’s [...]

Flexible Display Market to Leap Forward in 2016

Flexible Display Market to Leap Forward in 2016

SEOUL, Feb. 18 (Korea Bizwire) – The global market for flexible displays is expected to grow sharply in 2016, data showed Thursday, as more industry players are rushing to jump into the curved and foldable electronics panel market. According to the data compiled by industry tracker IHS, the world’s flexible display market is estimated at [...]

Korean Wine Market Holds Great Potential for Growth

Korean Wine Market Holds Great Potential for Growth

SEOUL, Feb.3 (Korea Bizwire) – Those in the wine industry expect that the consumption of wine among Koreans will continue to rise. According to a report issued by VINEXPO and the International Wine and Spirits Research Center (IWSR), the consumption of wine among Koreans in 2019 will increase by 16.2 percent compared to 2015. This [...]