COGNICURRENT

Former public servant Kim Seon-tae has transitioned to a successful YouTube career, with Woori Bank being the first company to collaborate with him for an advertisement.

Gyeongnam Province is seeking to attract 40 public institutions, including the Korea Small Business Bank and the Korea Racing Authority, to enhance regional industry and infrastructure.

Iran has carried out an attack on a building in Dubai's International Financial Center, but no casualties have been reported despite the presence of South Korean banks.

In February, foreign investors recorded a net outflow of approximately 19.6 trillion won from the South Korean stock market, marking the highest monthly outflow on record.

South Korea's per capita gross national income is projected at $36,855 for 2025, with the economy showing modest growth despite a weakened currency.

The Financial Supervisory Service has begun a field inspection of Toss Bank following a significant error in yen exchange rate application, potentially leading to losses of around 10 billion won.

South Korea's per capita national income rose to $36,855 in 2023, reflecting a weak currency that capped growth at 0.3%.

Rising global oil prices and the depreciation of the Korean won have driven South Korea's bond yields to a two-year high.

The Bank of Korea has renewed its currency swap contract with the Swiss National Bank, maintaining the contract value at 10 billion Swiss francs, effectively increasing the limit of support for the Korean won due to the strong Swiss franc.

Sogang University's Mentoring Center will host a special lecture on navigating the AI era, featuring design expert Hong Seong-jun.

Hallym University has announced the selection of former Bank of Korea Governor Kim Joong-soo as the recipient of the 19th Ilsong Award, with the award ceremony scheduled for March 10.

The average price increase of high-end apartments in Seoul has significantly decreased, with indications of a potential decline next month.

The Government of Liberia has initiated a new program in collaboration with African Development Bank and Export-Import Bank of Korea to enhance domestic revenue mobilization and tax reform, particularly in the mining sector.

The Bank of Korea discusses fluctuations in the won-dollar exchange rate amidst stability in dollar liquidity during a task force meeting focused on the Middle East situation.

Kookmin Bank has announced a plan to reduce delinquent debts for vulnerable groups by up to 90%, affecting over 12,000 individuals.

The Bank of Korea has announced its participation in the BIS Climate Response Corporate Bond Fund, investing a portion of its foreign assets to support climate crisis responses and low-carbon economic transitions.

U.S. bank stocks have dropped significantly due to fears of layoffs linked to AI advancements and problems in the private credit market.

Park Jeong-hwan has been crowned the first champion of the world Go championship, winning a prize of 400 million KRW.

Household loan interest rates in South Korea have risen for four consecutive months, with housing loan rates reaching their highest level in over a year.

The Bank of Korea has revised its GDP growth forecast for the year to 2% while keeping interest rates steady at 2.50%, amid concerns over increasing economic polarization.

The Bank of Korea has revised its economic growth forecast for the country from 1.8% to 2.0% for this year.

The Bank of Korea is set to introduce a new conditional interest rate forecast model similar to that of the U.S. Federal Reserve, presenting future rate expectations in a dot plot format to enhance clarity and predictability.

The Bank of Korea has decided to maintain the base rate at 2.50%, marking the sixth consecutive freeze since last July.

Park Sang-jin, Chairman of Korea Development Bank, has refused a support request by MBK Partners for urgent operational funding for Homeplus, stating that they have no involvement with the company.

The US embassy in Jerusalem is set to start consular services in a Jewish settlement in the West Bank, raising concerns that the US may implicitly support Israel's expansion of these settlements.

Last year, the balance of overseas securities investments by residents in South Korea increased significantly, with a notable rise of approximately 207 trillion won due to new investments.

New household loans per capita have declined significantly, particularly among individuals in their 30s and in the capital region, according to recent data from the Bank of Korea.

Consumer sentiment regarding rising house prices in South Korea has sharply decreased in February, as reported by the Bank of Korea's consumer trend survey.

Household credit in South Korea rose by 2.9% last year, bringing the total household debt close to the 2,000 trillion won mark.

Jang Min-young has been inaugurated as the head of IBK, stating her commitment to transforming the bank into an AI-based financial institution.

The UN Security Council criticized Israel's policies that facilitate land acquisition in the West Bank, labeling them a form of de facto annexation.

Despite declines in international oil prices and the won-dollar exchange rate, import prices in South Korea have risen for the seventh consecutive month due to increased raw material costs.

The Financial Supervisory Service of South Korea has decided to impose a reduced penalty of 1.4 trillion won on five banks for improperly selling Hong Kong-linked equity-linked securities (ELS).

A report by the Bank of Korea indicates that rising housing prices negatively impact the consumption and welfare of young people and homeowners with low to moderate income.

The Korea Trade Insurance Corporation (K-Sure) has issued its first 'Export Supply Chain Reinforcement Guarantee' for TGS Pipe, a small partner of POSCO, to aid the steel export industry.

Research indicates that widening gaps between regions in South Korea are diminishing intergenerational economic mobility.

The Bank of Korea advocates leveraging massive medical data collected in the country as a foundation for the bio-health industry amid the AI era.

A 70-year-old woman almost fell victim to a romance scam where she intended to send 10 million KRW but was saved by the quick actions of bank staff and police in Jeonbuk, Korea.

A former trader who became a millionaire by handling daily transactions worth nearly 1 trillion dollars left his successful banking career due to feelings of doubt and guilt about his work, choosing instead to engage in activities aimed at reducing inequality.

A South Korean court ruled that Lime Asset Management and Shinhan Investment Securities must jointly compensate Hana Bank 36.4 billion won related to the Lime Fund crisis, which caused losses of 1.6 trillion won.

The 'Just Dream Center', which provides free food and daily necessities without strict proof of income, will expand nationwide by 2027, with the government announcing a budget increase for this initiative.

A bank employee has illicitly acquired 7.85 billion won in loans through fraudulent documents and collusion with colleagues and family members, prompting the Financial Supervisory Service to implement guidelines to prevent conflicts of interest in banking.

Seadrill, an American drilling company, incurred a substantial loss of approximately 854 billion won to Korean institutions due to unpaid loans, while also gaining significant profits through its participation in the Great Whale oil drilling project.

The special investigation team led by Ahn Kwon-seob is interrogating Seoul Southern District Prosecutors' investigators as suspects regarding the alleged loss of evidence linked to a critical investigation issue.