SEOUL, Jul. 4 (Korea Bizwire) — Some foreign investment banks have raised their growth forecasts for South Korea’s economy this year, thanks to better-than-expected exports and facility investment, a financial research institute said Tuesday. The Bank of Korea has upgraded its growth forecast for the country to 2.6 percent from 2.5 percent, citing improving exports, [...]
NEW YORK , Jun. 19 (Korea Bizwire) — For a third straight year, Morgan Stanley claims top honors on the All-Asia Research Team, Institutional Investor‘s annual ranking of the region’s most highly regarded sell-side analysts. This is the first time the firm has earned a place in all 35 sectors covered by the survey. Complete [...]
Helsinki, Finland, May 18 (Korea Bizwire) — Euroloan Group PLC, a pioneering European financial technology company with offices in Helsinki (HQ), Luxembourg, Stockholm and Warsaw, announced today the appointment of James Hickson (B.Sc., M.B.A.) as group Chief Executive Officer. Hickson, an accomplished financial technology industry executive with 16 years of experience on Wall Street, most [...]
SEOUL, June 2 (Korea Bizwire) – The latest overseas investment bank (IB) analysis noted that Korea’s surging debt – household and corporate – is degrading its potential for economic growth. And with its aging society and poor foreign conditions, the gap between Korean and global economic growth rates will likely expand. One of the IBs, [...]
SEOUL, June 10 (Korea Bizwire) – The country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) is forecast to hinder economic growth as South Koreans scale back spending amid growing alarm over the viral respiratory illness, a report showed Wednesday. Morgan Stanley projected South Korea’s annual economic growth to fall by 0.15 percentage point if the MERS [...]