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Easy recovery of Korea’s manufacturing unlikely: BOKEconomySept 3, 2020It might take longer than expected for South Korea’s manufacturing productivity to rebound to pre-pandemic levels, even if exports recover, the central bank said Thursday. “It has been found that a ... -
S. Korea needs to adopt Germany’s debt limit rules: think tankEconomySept 2, 2020In light of growing concerns about the nation’s fiscal soundness amid the coronavirus pandemic, South Korea should take a leaf from Germany’s debt-brake law to stabilize its debt ratio, a think tank ... -
BOK seeks to use deep learning for growth forecastEconomySept 2, 2020South Korea’s central bank said Wednesday it has launched research into adopting artificial intelligence deep learning to extract economic growth forecasts, amid growing uncertainties stemming from t... -
S. Korea's GDP drops 3.2% in Q2, worst since 2008EconomySept 1, 2020Asia’s fourth-largest economy shrank 3.2 percent on-quarter in the April-June period, central bank data showed Tuesday, slightly slower than the central bank’s previous estimate, but nonetheless show... -
Authorities vow to bolster financial safety net for senior citizensEconomyAug 31, 2020With the COVID-19 pandemic accelerating digitalization of the financial sector and magnifying risks for individual investors, financial authorities recently vowed to create a safe and friendly enviro... -
Minister hints at fourth extra budget under new lockdownEconomyAug 28, 2020South Korea is mulling another set of extra budget if the level of social distancing goes up a notch, enforcing a lockdown, according to the chief fiscal policymaker. “The rise in the coronavirus ca... -
Amid virus resurgence, BOK slashes S. Korea growth forecast to minus 1.3%EconomyAug 27, 2020South Korea’s economy is forecast to see a sharper-than-expected contraction of 1.3 percent this year under the coronavirus pandemic, the central bank said Thursday, fueling concerns that this year m... -
Finance groups pledge multitrillion won investment for 'New Deal' projectsMoneyAug 26, 2020South Korea’s major banking groups have recently outlined long-term plans for multitrillion won investments in “green” and “digital” projects -- the two key pillars of the “Korean New Deal.” Staying... -
Consumer sentiment improves, pessimism over housing market remains in AugustEconomyAug 25, 2020South Korea’s consumer sentiment rose for the fourth consecutive month in August, boosted by optimism for economic improvement, but doubts that recent measures will cool the heated real estate market... -
KB, Hana see overseas biz grow in H1 amid coronavirusMoneyAug 24, 2020Despite border restrictions placed during the COVID-19 pandemic, South Korea’s major lenders KB Kookmin and Hana posted robust net profit overseas in the first-half of the year, buoyed by their perfo... -
Climbing loan delinquencies keep banks on edgeMoneyAug 23, 2020The delinquency rates for loans extended by South Korean banks have overall surged last month, sending lenders jitters as they apparently brace for side-effects of the government’s forbearance extens... -
S. Korea to set aside W20tr of 2021 budget for ‘New Deal’EconomyAug 20, 2020South Korea has decided to set aside 20 trillion won ($16.8 billion) from next year’s budget to finance its “New Deal,” a policy package designed to boost the economy in the post-coronavirus era thro... -
S. Korea needs to tread carefully with monetary policy in post-virus era: expertsEconomyAug 19, 2020To quell the market volatility that the coronavirus has caused, South Korea’s monetary policymakers took a number of steps -- some expected and others unprecedented -- to funnel liquidity and cushion... -
New COVID-19 lockdowns to add to economic burden on S. Koreans: BOKEconomyAug 18, 2020The number of new coronavirus cases has surged sharply in recent days, feeding concerns about another round of lockdowns here, and the nation’s central bank said Wednesday that most South Koreans are... -
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[67th Anniversary Special] Reshaping Korean economy in post-virus eraEconomyAug 16, 2020The nation’s exports have been shrinking amid the pandemic, with outbound shipments dropping 23.6 percent to $8.7 billion in the first 10 days of August on-year, Korea Customs Service data showed. “...
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