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The Korea Herald

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S&P lifts Hanwha Life, Hanwha General Insurance ratings on overseas growth

Global credit rating agency S&P Global Ratings has upgraded the financial strength ratings of Hanwha Life Insurance and Hanwha General Insurance to A+ from A, citing stronger financial fundamentals, stable profitability and growing contributions from overseas businesses. The ratings agency assigned a stable outlook to both insurers, according to Hanwha General Insurance on Friday. S&P said the upgrade reflects the strengthened capital position and earnings stability of Hanwha Group's insurance o

The Korea Herald

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경제

BOK lifts S. Korea's growth forecast to 2.6% for this year amid robust chip-driven exports

The central bank on Thursday raised its economic growth forecast for South Korea to 2.6 percent for 2025 amid solid exports driven by a semiconductor supercycle. The revision by the Bank of Korea represents a 0.6 percentage-point increase from its previous forecast of 2 percent issued in February. For 2027, the central bank estimated its growth outlook at 2.1 percent. The South Korean economy grew 1.7 percent in the first quarter, marking the sharpest quarterly growth in 5 1/2 years. (Yonhap)

The Korea Herald

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IT/기술

Bank of America sharply lifts Korea outlook on AI chip boom

Bank of America has sharply raised its 2026 growth forecast for South Korea, citing an artificial intelligence-driven semiconductor boom that it said is strong enough to lift exports, investment, consumption and government revenue. The bank upgraded its 2026 GDP growth forecast for Korea to 3.1 percent from its previous estimate of 1.9 percent, calling the revision "a clear shift to above-trend expansion," according to its report released Tuesday. It also raised its current account surplus proje

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S&P lifts Hanwha Life, Hanwha General Insurance ratings on overseas growth

BOK lifts S. Korea's growth forecast to 2.6% for this year amid robust chip-driven exports

Bank of America sharply lifts Korea outlook on AI chip boom