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Finance minister tells US Seoul irrelevant to currency manipulation

South Korea’s chief economic policymaker on Thursday underlined to his US counterpart that the country does not fall under the currency manipulator list, while vowing to keep control over its own for...

Apr 12, 2018
Economy
Public institutions to buy W43b worth of products from SMEs

South Korean public institutions signed a deal to buy some 43 billion won ($40 million) worth of products made by small and medium-sized enterprises this year as part of Seoul's efforts to encourage ...

Apr 12, 2018
Economy
BOK keeps policy rate unchanged at 1.5% for April

South Korea's central bank on Thursday held its key rate steady for April as Asia's fourth-largest economy is experiencing low inflationary pressure and a weaker pace of economic recovery. In a wide...

Apr 12, 2018
Economy
Data deepen skepticism over income-led growth

A slump in private consumption and worsening unemployment are raising questions about the relevance of the Moon Jae-in administration’s income-led growth policy. According to data released by the Ba...

Apr 11, 2018
Economy
Unemployment rate hits 17-year high

South Korea’s unemployment rate in March hit is highest level in 17 years, amid a persisting slump in the construction industry and slowdown in population, data showed Wednesday. The number of emplo...

Apr 11, 2018
Economy
Korea's household lending increases at fastest pace in 4 months in March

South Korea's household lending by banks rose at the fastest clip in four months in March on increased home transactions ahead of the implementation of government-led measures to cool down the overhe...

Apr 11, 2018
Economy
State pension fund logs losses in stock investment in Q1

South Korea's national pension operator reported losses in its stock investment in the first quarter of this year, due mainly to the poor performance by major local equities amid unfavorable external...

Apr 11, 2018
Economy
Korea's jobless rate rises to 4.5% in March

SEJONG -- South Korea's jobless rate moved up slightly in March due to a rise in unemployment in the retail and educational service sectors, government data showed Wednesday. The unemployment rate s...

Apr 11, 2018
Economy
Brokerages urged to bolster investor protection, internal controls

The head of the Financial Supervisory Service (FSS) on Tuesday called for brokerages to strengthen protection for investors and internal control, in the wake of chaos over a dividend payment error at...

Apr 10, 2018
Economy
16 pct of Seoul apartments traded over W900m in Q1

About 16 percent of apartments bought and sold in Seoul during the first quarter of the year were expensive real estate. Out of the 24,606 Seoul apartments traded between January and March, 3,921 un...

Apr 9, 2018
Economy
[Newsmaker] FSS chief’s integrity dispute burdens Blue House

Mounting criticisms against the integrity of the newly appointed financial market watchdog chief is adding extra burden on the Moon Jae-in administration, which has vowed to eradicate “accumulated ev...

Apr 9, 2018
Economy
Strengthening won weighs on Korea’s exports

Concerns are growing over the negative impact of the strengthening won on Korea’s exports, with expectations also being raised that a rise in the value of the currency will help boost investment and ...

Apr 9, 2018
Economy
Finance minister seeks cooperation from smaller firms to create jobs

South Korea's chief economic policy maker on Monday sought cooperation from smaller firms to create quality jobs to reduce the country's high youth unemployment rate. Finance Minister Kim Dong-yeon ...

Apr 9, 2018
Economy
Rise in minimum wage fueling inflationary pressure

The sharp rise in the country's minimum wage this year is fueling inflationary pressure and concerns of public charge hikes going forward that can increase the burden on ordinary people, market watch...

Apr 8, 2018
Economy
Top 10 chaebol make up nearly 80% of KOSPI net profits

Korea's top 10 business groups accounted for 79.1 percent of all net profits generated by companies listed on the country's main stock exchange in 2017, the local bourse operator said Sunday. Accord...

Apr 8, 2018
Economy

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