SEOUL, July 1 (Korea Bizwire) — K-Bank, South Korea’s first internet-only bank, said Thursday its customers and deposits grew sharply in the second quarter of the year amid the coronavirus outbreak. The number of customers stood at 6.19 million as of the end of June, 2.28 million more than three months earlier, the lender said, [...]
SEOUL, Jan. 14 (Korea Bizwire) — A growing number of factories in South Korea have adopted smart solutions based on cutting-edge technologies to improve manufacturing efficiency, government data showed Thursday. A total of 19,799 smart factories were registered in the nation till the end of 2020, up from 12,660 in 2019 and 7,903 in 2018, [...]
SEOUL, Dec. 18 (Korea Bizwire) — Recently, interest in “Upgraded Human,” a new type of self-improvement person who pursues growth rather than success in life, is increasing. “Upgraded Human” is not just a “spec,” the word used to refer to an individual’s academic and career background, to compete with and win against others, but refers [...]
SEOUL, Feb. 10 (Korea Bizwire) — Major foreign investment banks (IBs) revised down their forecasts for South Korea’s economic growth for this year citing sluggish exports and slowing global demand, a report showed Sunday. The average growth forecast for 2019 by nine major global IBs stood at 2.5 percent as of end-January, down 0.1 percentage [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s private consumption grew at the fastest rate in seven years in 2018, data showed Sunday. According to the Bank of Korea, South Korea’s private consumption grew 2.8 percent in 2018, marking the highest figure since the 2.9 percent posted in 2011. The country’s growth in terms of [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s market for performing arts grew 23 percent last year from a year earlier driven by solid performances by musicals and K-pop concerts, data showed Monday. Interpark, an online shopping mall and leading ticket distributor, said the total 2018 ticket sales for performing arts came to 544.1 billion [...]
SEOUL, Jan. 6 (Korea Bizwire) — The number of new convenience stores in South Korea moved down in 2018 from a year earlier, industry data showed Sunday, due mainly to an increase in labor costs and the market’s saturation. According to industry data, new CU branches, operated by BGF Retail Co., posted a net increase [...]
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 [...]
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 [...]
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 [...]