SEOUL, Apr. 15 (Korea Bizwire) — A striking 8 out of 10 South Koreans in their 20s and 30s have yet to achieve financial independence from their parents, according to a recent survey by the job platform Jinhaksa Catch. The respondents cited a lack of stable income due to employment challenges as the primary reason for [...]
SEOUL, Apr. 8 (Korea Bizwire) – As South Korea’s economy continues its transition toward a service-based model, a handful of industries like finance, health care and real estate have emerged as consistent drivers of expansion over the past decade, government data has revealed. Statistics Korea reported on April 5 that the nation’s service sector output increased [...]
SEOUL, Mar. 28 (Korea Bizwire) — South Korea’s financial system remains relatively stable, but debt payment burden and asset deterioration may increase amid extended monetary tightening, a central bank report showed Thursday. In its report on financial stability, the Bank of Korea (BOK) said despite woes over a possible rise in soured property development-related loans [...]
SEOUL, Mar. 18 (Korea Bizwire) — Finance Minister Choi Sang-mok on Monday called for extra effort by government officials to bring inflation under control amid weak private consumption, his office said. Choi made the call during a meeting with officials of the Ministry of Economy and Finance, where he also instructed them to come up [...]
SEOUL, Jan. 11 (Korea Bizwire) – A recent study by the National Pension Research Institute has uncovered a concerning reality for South Korea’s older population. Nearly half of the individuals over 50 years old find themselves without support in times of sudden financial need. As part of the study, over 6,200 people aged 50 and above [...]
Nyxoah to Release Third Quarter 2023 Financial Results on November 8, 2023 Mont-Saint-Guibert, Belgium, Oct. 26 (Korea Bizwire) – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will release financial results for [...]
NEW YORK, May 27 (Korea Bizwire) — LiquidX, the global network for working capital, trade finance and insurance, announced that it will now offer a white label deployment of the next-generation LiquidX 360 platform for banks to enhance their trade finance business with their corporate clients. The LiquidX Partner Program (LPP) enables corporate bankers to [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s publicly offered overseas investment funds are regaining popularity among local investors, data showed Friday, as they seek tax benefits and higher returns. According to the data by the Korea Financial Investment Association, the combined net worth of such funds came to 39.4 trillion won (US$34.9 billion) as [...]
SEOUL, Apr. 17 (Korea Bizwire) — South Korea collected a record amount of local and central government taxes last year, official data showed Sunday, with the numbers likely to go up in the coming years. According to data by the finance and interior ministries and the central bank, Seoul brought in 318.1 trillion won (US$278.5 [...]
SEOUL, March 9 (Korea Bizwire) – The latest study on gender equality from the Ministry of Gender Equality & Family revealed that more women were in charge when it comes to financial management of their family, although men were bigger spenders. According to the study, 56.9 percent of 7,399 respondents (3,942 women, 3,457 men) said [...]