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Foreign IBs Up S. Korea’s 2021 Growth Outlook to 3.6 pct

Foreign IBs Up S. Korea’s 2021 Growth Outlook to 3.6 pct

SEOUL, March 9 (Korea Bizwire) — Major global investment banks (IBs) have revised up their forecasts for South Korea’s 2021 economic growth for the third consecutive month amid growing expectations for a recovery, a report showed Tuesday. As of end-February, nine major global IBs, including Barclays, BoA-Merrill Lynch and Citi, forecast Asia’s fourth-largest economy to [...]

Foreign IBs Raise S. Korea’s 2021 Growth Outlook

Foreign IBs Raise S. Korea’s 2021 Growth Outlook

SEOUL, Jan. 27 (Korea Bizwire) — Several foreign investment banks (IBs) have revised up their forecasts for South Korea’s 2021 economic growth following the economy’s relatively good performance last year, a report showed Wednesday. Out of six foreign IBs and one research institute that published reports on Asia’s fourth-largest economy Tuesday, three upgraded their growth [...]

Major Foreign IBs Revise Up S. Korea’s 2021 Growth Outlook

Major Foreign IBs Revise Up S. Korea’s 2021 Growth Outlook

SEOUL, Jan. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have slightly raised their forecasts for South Korea’s economic growth for 2021 despite the coronavirus pandemic, a report showed Thursday. As of end-December, nine major global IBs, including Barclays and Goldman Sachs, forecast the South Korean economy to grow 3.4 percent this year, up [...]

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

SEOUL, Oct. 12 (Korea Bizwire) — Major foreign investment banks (IBs) have downgraded their forecasts for South Korea’s economic growth following the resurgence of the coronavirus here, a report showed Monday. As of end-September, nine major global IBs, including Barclays and Goldman Sachs, forecast Asia’s fourth-largest economy to shrink 1.4 percent this year, compared with [...]

Market for Mega IBs’ Promissory Notes Tipped to Grow Rapidly

Market for Mega IBs’ Promissory Notes Tipped to Grow Rapidly

SEOUL, May 13 (Korea Bizwire) — South Korea’s market for promissory notes issued by mega investment banks (IBs) is expected to grow sharply this year to top the 10 trillion won (US$8.5 billion) mark, industry sources said Monday. The outstanding value of promissory notes floated by two mega IBs — Korea Investment & Securities Co. [...]

Investment Banks Raise South Korea’s Investment Ratings

Investment Banks Raise South Korea’s Investment Ratings

SEOUL, May 24 (Korea Bizwire) – Global investment banks (IBs) have upgraded their investment ratings on South Korean stocks and hiked targets of its benchmark stock index on expectations for higher corporate earnings and other positives, a report showed Wednesday.  Among seven major foreign IBs, UBS, Nomura, Citi, Credit Suisse and Bank of America Merill [...]