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S. Korea completes repayment of W48.7tr worth of Treasury debts for this year

South Korea has completed repayment of a total of 48.7 trillion won ($41.2 billion) worth of Treasury debts sold for this year, the finance ministry said Monday. By repaying 1.5 trillion won worth o...

Dec 2, 2019
S. Korea's Nov. consumer price growth turns positive

South Korea's consumer prices rose 0.2 percent on-year in November, marking the first gain in four months, the statistics agency said Monday. The consumer price index stood at 104.87 in November, co...

Dec 2, 2019
[News Focus] Outlook for Korean economy remains grim

SEJONG -- South Korea has yet to see any positive signals of an economic revival although the government predicted it would bounce back in the second half of the year. The financial woes of companie...

Dec 1, 2019
Sluggish exports, consumption cast shadow on economy

Negative signals weigh down final growth outcome

Dec 1, 2019
Korea's per capita national debt exceeds W14m

South Korea's per capita national debt exceeded 14 million won ($11,864) and is expected to double by 2028, data showed Sunday, amid concerns that such ballooning debt could weigh on the nation's fis...

Dec 1, 2019
Bank of Korea holds key rate steady at 1.25 percent, cuts growth forecast

South Korea’s central bank on Friday left its benchmark interest rate unchanged at 1.25 percent, while cutting its economic growth forecast for this year to the lowest level in a decade. The widely ...

Nov 29, 2019
BOK keeps base rate steady, sees slower economic growth

The Bank of Korea Friday kept its policy rate frozen for the remainder of the year to see the impact of recent rate cuts on Asia's fourth-largest economy. But the central bank again trimmed its grow...

Nov 29, 2019
S. Korea seeks to create momentum for economic rebound: minister

South Korea will create momentum for an economic rebound next year, the country's chief economic policymaker said Thursday. Asia's fourth-largest economy suffered a setback as exports slowed amid a ...

Nov 28, 2019
Seoul, Tokyo, Beijing near air traffic deal

South Korea, China and Japan are in final talks to accept a United Nations aviation agency's proposal for an agreement critical for the safety of flights near Korea's southern resort island of Jeju, ...

Nov 28, 2019
S. Korea adds 464,000 jobs in Q2

The South Korean economy added 464,000 jobs in the second quarter of 2019 from a year earlier, government data showed Thursday. There were 18.68 million salaried jobs in the second quarter, compared...

Nov 28, 2019
S. Korea to decide on anti-dumping tariff on Japanese steel plates

South Korea's trade commission said Thursday it will soon decide whether to extend the existing anti-dumping tariff on stainless steel plates imported from Japan, which was first imposed in 2011. Cu...

Nov 28, 2019
S. Korea has spent 90.7 % of extra budget

South Korea has used almost 91 percent of this year's extra budget, to boost economic growth and support the parts and materials sector, the finance ministry said Thursday. The implementation of 5.3...

Nov 28, 2019
S. Korea’s money supply-to-GDP higher than OECD average

South Korea’s money supply to gross domestic product ratio came to 151.5 percent last year, higher than the Organization for Economic Cooperation Development average, data from the World Bank and Kor...

Nov 27, 2019
[News Focus] Of 36 OECD countries, Korea stands at No. 28 in employment

SEJONG -- For South Koreans who say they do not support the incumbent administration, jobs are one of the main reasons cited in polls. President Moon Jae-in’s detractors say the government’s labor p...

Nov 27, 2019
[Photo News] Emart to sell 'Frozen 2' Smiggle items

Stationery products featuring characters from Disney animation “Frozen 2” are displayed at E-mart’s Yongsan Station branch, Wednesday. The South Korean retail giant said it would sell 10 types of st...

Nov 27, 2019

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