March 19, 2024

Foreign currency deposits down for 2nd month in February

SEOUL, Foreign currency deposits declined for a second consecutive month in February as companies curtailed overseas investment and trade volume decreased, central bank data showed Tuesday.

Residents’ outstanding foreign currency-denominated deposit…

Marriages in S. Korea rise for first time in 12 years in 2023

SEOUL, The number of marriages in South Korea rose for the first time in more than a decade, but it hovered below the 200,000 level for three years in a row, data showed Tuesday.

Around 194,000 couples tied the knot in South Korea last year, up 1 pe…

S. Korea vows tax incentives for corporate shareholder returns

SEOUL, Finance Minister Choi Sang-mok said Tuesday the government will reduce corporate taxes for companies that raise shareholder returns in an effort to encourage their valuation improvement measures and to address the “Korea discount” phenomenon.