K-pop, K-drama and now K-shaped economic growth — Korea has joined other countries experiencing a troubling trend signaled by uneven growth in the economy.
The Kospi rose 1.6 percent to close at 2,655.28, a near five-month high since August, on the last day of trading for 2023.
Finance Minister Choo Kyung-ho said Thursday that the government will closely monitor finance and foreign exchange markets and implement measures accordingly.
Fiscal integrity must not be compromised during the budgetary review process.
The domestic financial market is starting to recover from the U.S. Fed’s slowing rate increase and the government’s market stabilization measures, said financial authorities Thursday.
The alarms going off across the board in the economy must not be taken lightly. The government and politicians must join forces to fight the economic crisis.
Stocks closed lower Thursday, ending a two-session rally, on investor concerns over a second wave of new coronavirus infections in the world's two largest economies. The won rose against the dollar.
SK Biopharmaceuticals is hoping for a near 1-trillion-won ($823 million) initial public offering (IPO) bonanza that will be the company's silver bullet, allowing it to secure a beachhead in the cutthroat global pharmaceutical industry.
Local banks slashed interest rates on deposits to near zero in line with the central bank's cutting off the base rate to an all-time low of 0.5 percent. Five commercial banks except for Hana cut their deposit rates last Friday.
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