The surprise growth of the Korean economy in the first quarter of this year appears not to be felt by the public, as many households and businesses continue struggling with high inflation, costly borrowing rates and other persistent economic challenges.
Samsung s financial affiliates are partnering with commercial banks in a bid to keep up with the rapid digitalization of the financial market, industry sources said Tuesday.
The government will introduce a set of measures this week to revamp weakened private spending to achieve a growth target of 2.2 percent this year, the Ministry of Economy and Finance said Sunday.
A forthcoming law aimed at holding CEOs of financial firms criminally liable for lax internal controls is drawing mixed responses. Can it help root out unethical and deceptive sales of financial products? Or Will it be exploited by financial authorities to put pressure on firms?