Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…
Latest Korea Center for International Finance News & Updates
Seoul, Jan 25 (IANS) More than half of economic experts expect South Korea’s economic growth to remain in the 1 per cent range for the time being, a local survey showed on Sunday.In a survey conducted by Southernpost Inc. at the request of the Korea Enterprises Federation (KEF), 54 percent of 100 economics professors polled said South Korea is likely to post growth in the 1 per cent range this year, reports Yonhap news agency.Another 36 per cent projected Asia’s fourth-largest economy to achieve…
Seoul, Jan 4 (IANS) Foreign ownership as a share of total market capitalisation reached its highest level in five years and eight months in December amid a rally in the South Korean equity market, a report showed on Sunday.Foreigners bought a net 3.5 trillion won (US$2.4 billion) worth of local shares in December, raising their stockholdings to 32.9 percent of total market capitalsation, the highest level since April 2020, according to a report published by the Korea Center for International Fin…