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Foreign IBs Revise Up S. Korea’s Growth Outlook

Foreign IBs Revise Up S. Korea’s Growth Outlook

SEOUL, Dec. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have upgraded their 2018 growth forecasts for the South Korean economy on its strong exports, a report showed Thursday. According to the report by the Korea Center for International Finance, Barclays, Goldman Sachs and seven other foreign IBs have forecast Asia’s fourth-largest economy to [...]

Political Uncertainties Increase Downside Risks to Economic Growth: Foreign IBs

Political Uncertainties Increase Downside Risks to Economic Growth: Foreign IBs

SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s political uncertainties over an unfolding influence-peddling scandal could increase downside risks to the country’s economic growth, a report said Wednesday.  Citigroup said the scandal involving President Park Geun-hye’s longtime confidante could shrink consumer sentiment, which in turn could further slow the economic growth rate in the fourth [...]

Financial Regulator Unveils Measures to Nurture Big Investment Banks

Financial Regulator Unveils Measures to Nurture Big Investment Banks

SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s top financial regulator unveiled a set of measures Tuesday to foster big investment banks, a move that could expedite the mergers and acquisitions of local brokerage houses.  The Financial Services Commission (FSC) said it will allow brokerage houses with a capital base worth more than 4 trillion [...]