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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
Exports down 16.6% in first 10 days of June

South Korea's exports sharply fell 16.6 percent in the first 10 days of June mainly due to decreased shipments of semiconductors, one of the country's key items, customs data showed Tuesday. The cou...

Jun 11, 2019
Economy
S. Korea should continue expansionary actions: finance minister, IMF chief

South Korea’s top fiscal policymaker and the chief of the International Monetary Fund have agreed that Asia’s fourth-largest economy needs to continue its current pump-priming policies in order to re...

Jun 10, 2019
Economy
[News Focus] Korea seeks to raise GDP, employment figures by spending more of taxpayers’ money

SEJONG -- The Moon Jae-in government recently unveiled a policy to pay 3 million won ($2,550) over a six-month period, or 500,000 won a month, to a certain portion of jobless people aged 18-64 after ...

Jun 9, 2019
Economy
Downside risks continuing amid heightened uncertainty: Cheong Wa Dae

South Korea's economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior pre...

Jun 9, 2019
Economy
Gold price hits 3-year high amid US-China trade uncertainties

The price of gold on South Korea’s bourse reached the highest level in three years this week, reflecting the market’s preference for risk-free assets amid persistent volatility, data showed Thursday....

Jun 6, 2019
Economy
Consumer prices stay stagnant for 5th month

South Korea’s consumer price growth remained below the 1 percent level for the fifth consecutive month in May, due to a decline in price of petroleum products and increased welfare costs, government ...

Jun 4, 2019
Economy
Korean economy shrinks revised 0.4% in Q1: BOK

South Korea's economy shrank at a faster rate in the first quarter than earlier expected, the central bank said Tuesday, due to sluggish investment and exports that are expected to further deteriorat...

Jun 4, 2019
Economy
BOK chief urges for economic resilience amid prolonged trade war impact

The chief of South Korea’s central bank on Monday urged the nation to build economic resilience to external shock factors, amid the prolonged US-China trade conflict and its negative impact. He also...

Jun 3, 2019
Economy
[News Focus] National debt up W56 trillion since late 2017: Assembly data

SEJONG -- Compared with past governments, the Moon Jae-in administration has been actively increasing public expenditure to benefit jobless people in their 20s and early 30s. However, many have cast...

Jun 2, 2019
Economy
S. Korea's exports down 9.4 percent in May on chips, China

South Korea's exports dropped 9.4 percent in May from a year earlier, extending their on-year fall for the sixth consecutive month, data showed Saturday, due mainly to the sluggish shipments of chips...

Jun 1, 2019
Economy
BOK freezes key rate at 1.75 pct

South Korea's central bank left its policy rate unchanged at 1.75 percent Friday amid lingering concerns over weaker economic growth. The monetary policy board of the Bank of Korea voted to leave th...

May 31, 2019
Economy
[Monitor] S. Korea’s birthrate plunges to monthly low in March

The number of births in South Korea plunged to an all-time monthly low of 27,100 in March, according to Statistics Korea, reflecting the nation’s declining marriage and fertility rates. Data showed ...

May 30, 2019
Economy
S. Korea remains on US ‘monitoring list’ for currency manipulation

Seoul will be exempted from watch list next time if current conditions continue: US Treasury

May 29, 2019
Economy

The Korea Herald by Herald Corporation

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