Economy
Economy
S.Korea industry production posts largest increase in 30 months
Oct 04, 2023 (Gmt+09:00)
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Economy
Korean Sept export drop eases as chip sales hit 1-year high
South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&rs...
Oct 02, 2023 (Gmt+09:00)
2 Min read -
Economy
Korea logs surplus in IP trade in H1 on surge of culture, art
South Korea posted a surplus in its intellectual property (IP) rights trade in the first half of this year, thanks to profits on culture, art and sof...
Sep 22, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea posts current surplus on bigger import decline in July
South Korea maintained a surplus in the current account balance for the third consecutive month in July, driven by its positive goods trade balance o...
Sep 08, 2023 (Gmt+09:00)
2 Min read -
Economy
S.Korea inks FTA with Philippines, boon to Korean car exports
South Korea has signed a free trade pact with the Philippines, which is expected to bolster Korean car exports to the Southeast Asian country with an...
Sep 08, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea’s inflation rebounds in August on extreme weather
South Korea’s headline inflation re-accelerated at the fastest rate in four months above 3% in August after the extreme summer weather hiked ag...
Sep 05, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea’s exports down for 11th month in August but at slower pace
South Korea’s exports shrank last month for 11 consecutive months but signs of a recovery in demand for the country’s mainstay export ite...
Sep 01, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea’s July factory output slows at fastest pace since February
South Korea’s factory output contracted at the fastest rate in six months last month on subdued global demand especially from China, while its ...
Aug 31, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea’s birth rate at record low despite rebound in marriages
South Korea’s total fertility rate hit its trough of 0.7 again in the second quarter, according to Statistics Korea on Wednesday, deepening the...
Aug 30, 2023 (Gmt+09:00)
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Economy
South Korean exporters jittery as China's slowdown raises red flag
South Korea’s exporting companies are increasingly feeling the heat as its top export market China is sounding alarm bells over the world&rsquo...
Aug 30, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea’s smaller firms embrace older, experienced workforce
South Korea’s liquid filtration system developer Neos Corp. has seven employees, all seasoned mechanical and electrical engineers in their 60s....
Aug 23, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea sales set to China to fall for 15th straight mth on property crisis
South Korea’s exports to China are poised to slide for a 15th straight month with an expected deeper drop in August amid a faltering economic r...
Aug 21, 2023 (Gmt+09:00)
3 Min read -
Economy
Seoul’s slow but enduring push to be Asia’s premier financial hub
It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the p...
Aug 18, 2023 (Gmt+09:00)
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Economy
S.Korean think-tank lifts inflation forecast on oil prices
A South Korean government think-tank has raised its inflation prediction for this year due to the recent rise in oil prices and expectations that Asi...
Aug 10, 2023 (Gmt+09:00)
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Economy
Korea’s inflation eases to 25-mo low, but poised to rebound in H2
South Korea’s headline inflation rose at the slowest pace in 25 months in July on still-low international oil prices but is projected to reacce...
Aug 02, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea exports down the most in 3 years; BOK may keep rates
South Korea’s exports declined at their steepest pace in more than three years last month, data showed on Tuesday, adding to expectations that ...
Aug 01, 2023 (Gmt+09:00)
1 Min read -
Economy
S.Korea proposes extended tax breaks for reshoring companies
The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the coun...
Jul 21, 2023 (Gmt+09:00)
3 Min read -
Economy
BOK chief says aging without assets key challenge to S.Koreans
JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy as...
Jul 14, 2023 (Gmt+09:00)
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Economy
S&P expects BOK to cut rate by 100 bps in 2024 for growth
South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing furt...
Jul 12, 2023 (Gmt+09:00)
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Economy
Shrinking youth jobs cast shadow over S.Korea’s labor market
Employment in South Korea extended its growth streak in June but its gains slowed for the third straight month, with youth jobs declining for eight m...
Jul 12, 2023 (Gmt+09:00)
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Economy
Korea logs current account surplus in May on brisk sales of goods
South Korea’s current account swung to the black in May from a deficit the prior month, thanks to a surplus in the goods account for the second...
Jul 07, 2023 (Gmt+09:00)
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Economy
Samsung Electronics creates $216 bn social wealth in 2022
Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to oth...
Jul 06, 2023 (Gmt+09:00)
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Economy
FDI pledges to S.Korea set fresh record in H1 2023
Foreign direct investment pledges to South Korea from January to June of this year soared 54.2% on-year, hitting a record high for the first-half per...
Jul 05, 2023 (Gmt+09:00)
3 Min read -
Economy
Korea inflation at 21-month low; BOK may end rate hikes
South Korea’s headline inflation dropped for a fifth straight month to a 21-month low, adding to expectations that the central bank might not r...
Jul 04, 2023 (Gmt+09:00)
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Economy
S.Korea to tighten immigrant investor requirements
South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners&...
Jun 30, 2023 (Gmt+09:00)
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Economy
S.Korea opens doors wider for skilled foreign workers
South Korea will raise the country’s visa quota for skilled foreign workers by 15 times from the previous level to ease chronic labor shortages...
Jun 29, 2023 (Gmt+09:00)
3 Min read -
Economy
S.Korea to return to Japan’s preferential trade partner list in July
Japan has decided to put South Korea back on the list of its preferential trade partners, nearly four years after its removal. The Korea-Japan trade ...
Jun 27, 2023 (Gmt+09:00)
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Economy
US beats China to become S.Korea’s No.1 export destination in 2022
South Korea last year exported most to the US thanks to brisk sales of the country’s cars in the world’s No. 1 economy, whereas trade wit...
Jun 22, 2023 (Gmt+09:00)
4 Min read -
Economy
Monthly exports set for growth in June for 1st time in 10 months
South Korea’s exports in the first 20 days of June rose from a year earlier, seeing growth in the period for the first time since last August. ...
Jun 21, 2023 (Gmt+09:00)
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Economy
Korea’s current account swings to deficit, four-month figures worsen
South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-largest economy continue...
Jun 09, 2023 (Gmt+09:00)
2 Min read
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