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Consumer prices remain unstable ahead of Chuseok

South Korea's consumer prices remain unstable ahead of the Chuseok holiday due to soaring vegetable prices stemming from weeks of hot weather and the recent downpours, data showed Tuesday. The price...

Sept 4, 2018
Economy
Korea's consumer prices up 1.4% in August

South Korea's consumer price growth continued to stay above 1 percent in August on a rise of agricultural goods and the service sector, government data showed Tuesday. The country's consumer price i...

Sept 4, 2018
Economy
Korean economy grows revised 0.6% on-quarter in Q2: BOK

South Korea's economy grew at a slower-than-expected pace in the second quarter from three months earlier on sluggish construction investment, the central bank said Tuesday. The country's gross dome...

Sept 4, 2018
Economy
Indicators point to weakening economy

Concerns are growing over the weakening vitality of the Korean economy as facility investment continues to decrease, with consumer sentiment and business confidence sluggish. Government data release...

Sept 3, 2018
Economy
Signs emerge of stronger real estate tax

South Korea is facing another set of brawls this year concerning taxation equity and wealth distribution, as the government and ruling party signaled at further toughening tax rules for affluent prop...

Sept 3, 2018
Economy
Income statistics dispute extends to credibility of govt data

Following the recent replacement of the statistics office chief, the ongoing dispute concerning the Moon Jae-in administration’s income-led growth initiative has now expanded into an argument on the ...

Sept 2, 2018
Economy
Richest people make 1,000 times more than poorest

The richest people in South Korea earned nearly 1,000 times more than the lowest wage earners last year, a parliamentary report said Sunday, highlighting the country's widening income disparity. The...

Sept 2, 2018
Economy
State support for low wage earners to jump 3.6 times to near W5tr in 2019

Earned income support provided by the government to offset low wages will rise a sharp 260 percent from this year to near 5 trillion won ($4.47 billion) in 2019, official data showed Sunday. The inc...

Sept 2, 2018
Economy
Moon says reform is call of 'the times'

President Moon Jae-in called Saturday for an unswerving reform drive despite a falling approval rating and controversies over his economic policy. He was speaking at an unprecedented gathering of al...

Sept 1, 2018
Economy
S. Korea's exports up 8.7 pct in August

South Korea's exports increased 8.7 percent in August compared with a year ago on upbeat sales of semiconductors and petrochemical products, government data showed Saturday. Outbound shipments reach...

Sept 1, 2018
Economy
Full text of BOK's statement on monetary policy decision for Aug.

(Yonhap) The following is the full text of the Bank of Korea's statement on its monetary policy decision for August. The central bank's monetary policy board decided Friday to hold its base rate ste...

Aug 31, 2018
Economy
BOK freezes key rate at 1.5% for Aug.

South Korea's central bank on Friday froze its policy rate for August on sluggish economy data and low inflation pressure. The monetary policy board of the Bank of Korea voted to keep the policy rat...

Aug 31, 2018
Economy
Moon urges local governments' efforts to create jobs

President Moon Jae-in on Thursday urged local governments to step up their own efforts to create more jobs while promising increased support from the central government. "The people's concerns are g...

Aug 30, 2018
Economy
Top presidential official hints at powerful steps to curb speculative property demand

A senior presidential official raised the need to curb speculative demand in the property market Thursday, vowing to take stronger measures if needed. Jang Ha-sung, the presidential chief of staff f...

Aug 30, 2018
Economy
Moon says income-led growth not a choice but matter of survival

President Moon Jae-in again sought to promote his much disputed income-led growth policy Wednesday, calling it a matter of survival, not choice. "We can never ensure sustainable growth with the curr...

Aug 29, 2018
Economy

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