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S. Korea tipped to cut 2019 growth target next month

South Korea's finance ministry is expected to slightly cut its growth estimate for the year in the face of a delayed recovery in chip prices and the escalating trade dispute between the United States...

Jun 23, 2019
Economy
S. Korea's ICT exports down for 7th straight month in May

South Korean exports of information and communication technology products fell for the seventh straight month in May on weak demand for semiconductors, mobile phones and displays, data showed Friday....

Jun 21, 2019
Economy
Hyundai, Kia top J.D. Power's annual quality survey

South Korean carmakers Hyundai Motor and Kia Motors said Thursday they have garnered the three highest marks in J.D. Power’s annual automotive quality survey. The companies said they expected the ac...

Jun 20, 2019
Economy
[News Focus] Korea’s 2019 growth may fall to 10-year low

SEJONG -- Two major economic indices under the Moon Jae-in administration have plumbed to new lows since the nation was hit by the 2008-09 global financial crisis. Those are the growth of gross dome...

Jun 20, 2019
Economy
S. Korea’s largest bills dominate cash market: BOK

50,000 won bills increase presence in market, both in value and in volume

Jun 19, 2019
Economy
South Korea to map out AI strategy this year, build 2,000 AI-based factories by 2030

Government to inject 8.4 trillion won in non-memory chips, future mobility and bio

Jun 19, 2019
Economy
Fitch cuts growth outlook for S. Korea to 2 percent

Global credit appraiser Fitch Ratings has substantially slashed its growth outlook for South Korea‘s economy this year to 2 percent, citing weaker underlying momentum. The latest forecast, contained...

Jun 18, 2019
Economy
Average spending by foreign tourists to Korea tumbles in Q1

Average spending by foreign tourists visiting South Korea has decreased to a level last seen 10 years ago, data showed Tuesday. According to the data from the Ministry of Culture, Sports and Tourism...

Jun 18, 2019
Economy
Corporate revenue, profit down in Q1 on sluggish exports

South Korean companies suffered a heavy loss in their sales and profits in the first quarter, central bank data showed Tuesday, apparently due to a sharp drop in exports and tepid local consumption. ...

Jun 18, 2019
Economy
[News Focus] Korea’s household debt-to-income to top 200%

SEJONG -- The record household debt in South Korea is an Achilles’ heel when it comes to economic growth, as the financial liability of citizens is putting a damper on private consumption. Some mark...

Jun 16, 2019
Economy
Employment of males in 40s hit most by sluggish manufacturing industry

The number of employed men in their 40s shrank at the fastest pace in 27 years last month, attributable to the declining population and lackluster local manufacturing industry, government data showed...

Jun 16, 2019
Economy
Treasury bond yield hits new low, gold price surges amid uncertainties

BOK chief’s hint at monetary easing further dampens bond market

Jun 16, 2019
Economy
Downside risks looming larger: finance minister

South Korea's economy is increasingly facing downside risks amid the trade tussle between the United States and China, the country's chief economic policymaker said Friday, stressing the need to take...

Jun 14, 2019
Economy
Govt. ministries request 6.2 pct budget increase for 2020

South Korea's government ministries and state agencies have requested a 6.2 percent hike in their budgets for next year as they want to spend more on welfare, research and development, and defense, t...

Jun 14, 2019
Economy
Jobless rate at 4 pct in May, job additions gather pace

South Korea's jobless rate remained flat at 4 percent in May from a year earlier, and job additions again exceeded the 200,000 mark, government data showed Wednesday. The number of employed people r...

Jun 12, 2019
Economy

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