Bitcoin soars to record high in South Korea
The rapid ascent of bitcoin is assessed to have stemmed from a strong inflow of spot bitcoin ETFs, after the US Securities and Exchange Commission’s approval, which came last…
Im Eun-byel
South Korea’s fertility rate drops to new low
It is the lowest level since 1970 when the state-run statistics agency began compiling related data, with the figure hitting a new low every year since 2016.
More South Korean men become stay-at-home dads
While the figure is still relatively low, the increase stems from rising numbers of men taking paternity leave in the past few years, with 37,885 in 2022, which rose 30.5 per cent…
Foreign investors rush to ‘undervalued’ stocks
Since South Korea late last month vowed to come up with new measures to tackle the "Korea discount," offshore investors are increasingly flocking to invest in firms with low…
Korea sees 50 trillion won tax shortfall
It is the third-straight year for the government's tax revenue evaluation to have missed the mark with a double-digit error rate. The error rate stood at 21.7 percent in 2021 and…
Why spot bitcoin ETFs remain off limits for Korean investors
As South Korean investors have to trade through local brokerage firms when investing in overseas stocks or financial products, they will not be able to invest in spot bitcoin ETFs…
What’s at stake in Korea’s digital currency push
As payment means diversify, central banks could lose control over their countries' sovereign currencies.
Korea’s big 5 banks brace for losses from foreign real estate projects
The potential risk of suffering losses in overseas real estate investments comes amid a slowdown in the global property market following persistent high rates.
IMF chief calls for regulatory efforts to control crypto assets
While there are concerns that digital money transactions could lead to privacy breaches, panelists explained the introduction of the Central Bank Digital Currency could rather…
Bank of Korea holds key rate steady, cuts 2024 growth outlook
The Bank of Korea’s hawkish stance partly stems from Korea’s snowballing household debts. Despite the high rates, the outstanding household credit for the third quarter…