Korea Joongang Daily
Korea JoongAng Daily

Financial firms increased debt reserves 71% in 2023 over growing default fears

The nation's four major financial firms padded their debt provisions amid concerns over project financing defaults.

2024-02-13

Korea's economy to slowly, but surely, recover in 2024

Korea anticipates slow economic growth in 2024 with easing inflation and interest rates. But geopolitical uncertainties and weak consumer demand will remain challenges.

2024-01-01