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Fri, March 21, 2025 | 11:35

Korea must boost investments in IP, culture for export growth: BOK

Korea must boost investments in IP, culture for export growth: BOK

Private entities should expand investments in intellectual property (IP), telecommunications, culture and entertainment, in a swift collective move to identify new growth drivers, a central bank report said Thursday.

2025-03-20 16:40

6 banks to allow services with mobile foreigner registration cards

6 banks to allow services with mobile foreigner registration cards

Registered foreign residents in Korea with a mobile foreigner registration card will be able to use it for financial services, including opening bank accounts, at six banks beginning Friday, the government said Thursday.

2025-03-20 16:37

Seniority-based promotions undermine Korea's labor productivity: BOK rate setter

Seniority-based promotions undermine Korea's labor productivity: BOK rate setter

The labor productivity of Korea’s overachieving, hard-working and competent pool of workers remains only half that of their U.S. peers, due largely to the Asian country's seniority-based promotions, a monetary policy board member of the central bank said Wednesday.

2025-03-19 16:41

Hana Financial chair to highlight global success amid criticism

Hana Financial chair to highlight global success amid criticism

Hana Financial Group Chairperson Ham Young-joo will underline the group’s robust global performance during the upcoming shareholders’ meeting on March 25 in a move to solidify his leadership amid lingering concerns over his term extension, market watchers said Tuesday.

2025-03-19 07:46

Delayed climate change responses to pose financial risks for banks, insurers: BOK, FSS

Delayed climate change responses to pose financial risks for banks, insurers: BOK, FSS

Financial institutions are expected to incur short-term losses due to more stringent climate response policies, compounded by slumping asset values in traditional carbon-intensive industries, the central bank and financial watchdog said Tuesday.

2025-03-18 16:16

OECD lowers Korea's 2025 growth outlook to 1.5% from 2.1% due to tariff uncertainties

OECD lowers Korea's 2025 growth outlook to 1.5% from 2.1% due to tariff uncertainties

The Organisation for Economic Cooperation and Development (OECD) slashed Korea's 2025 economic growth forecast to 1.5 percent, Monday, from earlier outlook of 2.1 percent announced in December.

2025-03-17 19:27

Gov't to bolster global KTB sales amid extra budget-triggered yield hike concerns

Gov't to bolster global KTB sales amid extra budget-triggered yield hike concerns

The government is seeking to attract a greater number of global Korea Treasury Bond (KTB) investors ahead of a record 240 trillion won ($165 billion) issuance this year in a preemptive move to anchor a stable inflow of offshore fixed-income funds ahead of the World Government Bond Index (WGBI) inclusion in November, the finance ministry said Monday.

2025-03-17 16:26

Korea's housing divide: Gangnam gold rush and regional collapse

Korea's housing divide: Gangnam gold rush and regional collapse

Kim, a 34-year-old office worker in Seoul, spent an entire day recently visiting real estate brokers in Seoul's affluent southern districts south of the Han River. After finding a sales offer that checked all the boxes, he went back to consult with his wife before putting down money.

2025-03-17 15:50

Mirae Asset underlines AI-powered growth strategies during India seminar

Mirae Asset underlines AI-powered growth strategies during India seminar

Mirae Asset Global Investments discussed key growth strategies for India during a seminar titled “New AGE: The Future Ahead” in Mumbai, Friday, the firm said Sunday.

2025-03-16 16:02

Will Commercial Act revision bolster financial group, bank shares?

Will Commercial Act revision bolster financial group, bank shares?

Expectations are growing that the long-undervalued shares of financial groups and banks will be re-rated, buoyed by the March 13 passage of a revision to the Commercial Act, market watchers said Sunday.

2025-03-16 15:43

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Top 10 Stories

1	Marriages with foreign spouses in Korea rise for 3rd year in 2024

2	From K-pop to kimchi: How Korean cuisine is conquering the world

3	6 banks to allow services with mobile foreigner registration cards

4	Ruling party proposes bill to deprive noncitizens of voting rights amid anti-China sentiment

5	Kim Keon Hee furious after Yoon's arrest, scolds security for not using guns

6	Constitutional Court to deliver verdict on PM's impeachment Monday

7	Life term sentenced for ex-Army officer for killing woman, dumping body in river

8	Seoul mayor's political future in jeopardy amid corruption allegations

9	Samsung Display wins OLED patent suit over BOE

10	National pension subscribers to pay more, receive more under first reform in 18 years

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