OECD predicts 2.3% economic growth for Korea in 2024, raises forecast from previous report

The OECD Raises Korea’s Economic Growth Forecasts The Organization for Economic Cooperation and Development (OECD) has recently released its ‘OECD Economic Outlook’ report, in which it raised its forecast for Korea’s economic growth in the coming year. According to the report, the OECD predicts that Korea’s economy will grow by 2.3% in 2024, marking a […]

Bitcoin Surpasses 50.3 Million Won as Binance’s Former CEO Resigns

The Rise of Bitcoin and Change in Binance Leadership On the 29th, the price of Bitcoin on the virtual currency exchange Bithumb rose to 50.363 million won per 1 BTC, indicating a 0.60% increase from 24 hours ago. This surge in value comes amidst a series of changes within the cryptocurrency landscape, particularly the resignation […]

The Uncertain Future of SSG Landers: Vice Chairman Chung Faces Challenges

SSG랜더스 구단주 '용진이형', 혼돈의 야구단 추스를 쇄신책 찾아낼까 – 비즈니스포스트 SSG Landers Owner Faces Challenges Amid Club Turmoil Overview Shinsegae Group Vice Chairman Jeong Yong-jin, the owner of SSG Landers, is facing increasing pressure to address the turmoil within the baseball club. As the club undergoes significant changes, there is heightened interest in the strategic […]

Interest Rates on Home Loans from Banks Rise for Third Consecutive Month

Interest rates on Home Loans from Banks Continue to Rise According to data released by the Bank of Korea, interest rates on home loans from banks have been increasing for the past few months. In October, the deposit and lending interest rates of deposit banks saw a rise compared to September, indicating a trend of […]

KB Kookmin Bank in Spotlight Amid Concerns of ELS Mis-Selling from Hong Kong

KB Kookmin Bank Faces Scrutiny Over ELS Sales in Hong Kong The Financial Supervisory Service is conducting an investigation into KB Kookmin Bank’s sales of equity-linked securities (ELS) originating in Hong Kong. Concerns have arisen over potential mis-selling of the product, which could lead to consumer losses. Major Sales and Market Conditions KB Kookmin Bank […]

Possible Santa Claus Rally Expected as Black Friday Boosts Consumption Economy in US

Forecast Suggests Potential Santa Claus Rally Following Strong Black Friday Sales Park Sang-hyeon of Hi Investment & Securities Projects Positive Year-End Consumption Trend Recent data suggests that the robust consumption trends seen during Black Friday in the United States could pave the way for a Santa Claus rally at the end of the year. Park […]

Consumer Sentiment Index Falls for Fourth Consecutive Month Due to High Inflation and Interest Rates: November 2023 Survey Results

Consumer Sentiment Index Falls for Four Consecutive Months Published by the Bank of Korea on the 28th of November, The ‘November 2023 Consumer Sentiment Survey Results’ reveals a decline in consumer sentiment index. The consumer sentiment index, which reflects the overall view of consumers on the economy, has fallen for four consecutive months. According to […]

Woori Bank Strengthens Requirements for Housing Mortgage and Jeonse Loans

Woori Bank Tightens Requirements for Housing Mortgage and Jeonse Loans Woori Bank has recently announced an update to its standards for housing mortgage and jeonse loans in an effort to manage and control home loans. The bank unveiled these changes on its website, outlining the new requirements for handling mortgage loans and leasehold loans. New […]