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ECONOMY

  • Toss Securities accelerates expansion of its wealth management spectrum

    Toss Securities is eyeing an expansion into wealth management (WM), a segment traditionally accessible only to a small number of high-net-worth clients. Having taken its first step into the WM business with a tax-advantaged pension savings account, the company is now pursuing a wrap account business as well. Since Toss Securities has no in-person staff, it'..

  • Choi Sang-mok to unveil 10 trillion won extra budget

  • Finance Minister Choi Sang-mok announced plans to introduce a supplementary budget of approximately 10 trillion won, with detailed allocations to be reveal..
  • S. Korea posts $7.18 billion current account surplus in February

  • South Korea logged a current account surplus of $7.18 billion in February, marking the 22nd consecutive month in the black, the Bank of Korea said Monday.&..
  • KOSPI falls below 2,400 amid U.S. market plunge

  • On April 7, the KOSPI index opened at 2,359.25, down 4.31% (106.17 points) from the previous trading day, marking the first time since November of the prev..
  • Retail sales see largest drop in 21 years

  • AsiaToday reporter Lee Choong-jaeLast year, retail sales experienced the largest decline since the 2003 “credit card crisis. Political turmoil at home and..
  • Gov’t targets 1.8% growth in 2025

  • AsiaToday reporter Lee Ji-hoonThe South Korean economy is expected to grow 1.8 percent this year, the government said Thursday amid the expected export slu..
  • S. Korean stocks plunge amid martial law

  • AsiaToday reporter Lee Choong-jae President Yoon Suk-yeol’s sudden imposition and lifting of martial law has put the South Korean economy in deep turm..
  • BOK unexpectedly cuts key rate to 3%

  • AsiaToday reporter Lee Choong-jae The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 3.0% on Thursday, surprising the m..
  • FSS criticizes Woori Financial for failing to report improper loans involving ex-chief’s family

  • By AsiaToday Special Coverage TeamLee Bok-hyun, the head of the Financial Supervisory Service (FSS), has strongly criticized Yim Jong-yong, the chairman of..
  • Global stock markets shaken by recession fears

  • AsiaToday reporter Lee Choong-jaeThe U.S. recession fears triggered by deteriorating manufacturing outlook and rising unemployment is shaking global financ..
  • Gap between mortgage and savings rates growing

  • AsiaToday reporter Cho Eun-gook Major banks are drastically lowering their deposit rates as the market interest rates have rapidly dropped in anticipa..
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"Hallyu ban to be removed quickly": Hopes of thaw in Seoul-Beijing ties

· "Efforts will be made to remove Hallyu ban quickly"
· SK Group Chairman heads to Japan to soften "WD risk"

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