South Korea’s foreign exchange reserves declined $1.24 (or 165,436,000,000 won) due to FX stability and swaps with the National Pension Service.

79.3% of Korean SMEs saw worse or less 2023 performance than last year, bringing the need for various financial supports, including cutting interest rates for SMEs.

Korean Air held a board meeting on October 30 and Asiana Airlines on November 2, respectively, and approved the remedies to be submitted to the EU Competition Authority(EC) and the conclusion of a new stock acquisition agreement regarding the business combination of the two companies.

The consumer price inflation rate last month(year-on-year) was 3.8%, up 0.1 percentage points compared to September.

Internet-only bank Kakao Bank’s average per capita bonus(including deferred bonuses) last year decreased by 56.69% compared to the previous year.

Korean Air recently announced that it signed a contract to order 20 additional Airbus A321neo aircraft.

On the morning of the 30th, Kakao held a community management meeting with more than 20 community CEOs, including Kim Bum-soo, head of the Future Initiative Centre, and Hong Eun-taek, CEO of Kakao.

Sangsangin Industry showed its confidence in Environmental, Social, and Governance management at 2023 KORMARINE.

Sangsangin Industry expressed confidence in turning a profit within the year.

SDT (CEO Yoon Jiwon) signed an underwriter agreement with NH Investment & Securities for IPO.