Korea Joongang Daily
Korea JoongAng Daily

KB Securities raises year-end Kospi target to 10,000 points amid historic rally

KB Securities on Thursday raised its year-end Kospi target by 40 percent, from 7,500 to 10,500 points, becoming the first major domestic brokerage to officially forecast the index crossing the 10,000 mark.

2026-05-14

Gov't anticipates corporate tax revenue boost amid strong earnings

Korea is likely to collect more national tax revenue than expected this year, a shift that could end three years of tax shortfalls and possibly lead to a supplementary budget.

2026-02-10

IMF raises economic growth outlook for Korea to 1.9%

The International Monetary Fund (IMF) raised its economic growth outlook for Korea this year to 1.9 percent, up 0.1 percentage point from the October 2025 forecast, amid the global surge in AI investment and accommodative financial conditions.

2026-01-19

Korea, France to hold first ever joint air exercise as early as next month

Korea and France will hold their first ever joint air exercise as early as the end next month, according to the French defense ministry.

2023-06-25

Bank of Korea Deputy Governor advises country to cheer up

Bank of Korea Deputy Governor Lee Jong-ryeol believes that excess worries about the economy are unwarranted and could increase risks and hamper recovery, according to a post on the central bank's blog.

2023-01-11

ADB lowers Korea's growth projection to 3 percent

The Asian Development Bank (ADB) lowered its projection for the growth of the Korean economy this year to 3 percent.

2022-04-06

Consumer prices rise 3.7%, highest in nearly a decade

According to Statistics Korea on Thursday, consumer prices in November rose 3.7 percent compared to a year earlier, the second month in a row they rose over 3 percent.

2021-12-02

Manufacturers are starting to feel optimistic

Confidence among manufacturers hit a 27-month high as vaccinations promise to bring the world out of the Covid catastrophe.

2021-04-04