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BOK chief says credibility of GDP figures falling

South Korea's central bank will develop a supplementary economic indicator to offset the limitations of gross domestic product figures, its chief said Wednesday, attributing their falling credibility ...

Updated : 2016.05.25 15:42

IMF team to visit Seoul for annual meeting

A team of officials from the International Monetary Fund will visit South Korea this week to assess its economic conditions and exchange opinions on economic, financial and fiscal policies, the financ...

Updated : 2016.05.25 14:45

Cargo handling at seaports down 1.2 pct in April

The amount of cargo processed at Korea's seaports slipped 1.2 percent in April from a year earlier due to a drop in the transport of soft coal and vehicles, the government said Wednesday.The volume of...

Updated : 2016.05.25 13:17

Corporate concern rising on incoming parliament

Corporate executives now seem as jittery as government officials about a controversial bill that will allow lawmakers to hold hearings more frequently.The revision to the National Assembly Act, which ...

Updated : 2016.05.25 11:30

Exports to China continue to slide in near record-long streak

Korea's exports to China in April marked a 10th month of sliding downwards, the longest skidding streak since the 2008-2009 global financial crisis, trade figures showed Wednesday.The Korea Internatio...

Updated : 2016.05.25 10:30

Ratio of short-term debt to foreign reserves hits over 11-year low in Q1

The ratio of Korea's short-term foreign debt to its foreign reserves fell to the lowest level in over 11 years in the first quarter on the back of a fall in borrowing by local banks and a fall in fore...

Updated : 2016.05.25 10:15

Korea to launch FTA negotiations with Israel next month

Korea said Tuesday that it has come to an agreement with Israel to begin negotiations next month on a free trade deal that could further boost bilateral trade.The first round of negotiations is set fo...

Updated : 2016.05.24 14:23

KDI cuts 2016 growth outlook to 2.6 pct

Korea's top state-run think tank revised down its growth outlook for the local economy Tuesday, citing a continued slump in exports and sluggish demand at home and abroad.The Korea Development Institu...

Updated : 2016.05.24 13:47

[Graphic News] Domestic gas prices continue to rise

Gasoline prices in the nation are steadily rising in line with global oil prices that are showing signs of increase, data showed Sunday. The average price of gasoline was 1,393.79 won per liter on May...

Updated : 2016.05.23 18:38

With no room to maneuver, BOK might be at standstill

Korea's central bank appears to be fast running out of options for its key rate with a looming U.S. rate hike and the country's sluggish economy crippling its move in either direction, experts noted M...

Updated : 2016.05.23 15:17

Poll cites 'China slowdown', household debt as major threats

Slowing economic growth in China and growing household debt in South Korea are two major risks facing the country's financial system, the outcome of a recent survey showed Monday.In a poll conducted b...

Updated : 2016.05.23 12:48

Over 2,000 jobs disappeared at top 100 companies in Q1

Amid a wave of corporate restructuring and downsizing, Korea’s top 100 listed companies by revenue shed over 2,000 jobs in the first three months of this year, data showed Sunday. According to Chaeb...

Updated : 2016.05.22 20:32

[Graphic News] Koreans’ overseas card spending hits record for Q1

Overseas card spending by South Koreans hit $3.3 billion in January-March, the highest figure recorded for the first quarter, government data showed Sunday.According to the Bank of Korea, overseas spe...

Updated : 2016.05.22 18:46

Koreans’ overseas card spending hits record for Q1

Overseas card spending by South Koreans hit $3.3 billion in January-March, the highest figure recorded for the first quarter, government data showed Sunday.According to the Bank of Korea, overseas spe...

Updated : 2016.05.22 16:04

Korea's exports may be rebounding: data

Korea's exports have posted a 2.1-percent increase so far this month from a year earlier, raising hopes of an end to negative growth that lasted for more than a year, data showed Sunday.Outbound shipm...

Updated : 2016.05.22 10:21