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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%

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
S. Korea drops to 28th place in global competitiveness rankings

South Korea’s global competitiveness ranking dropped one place this year, amid an economic slowdown hit by reduced exports and capital investments, an annual report by a Switzerland-based internation...

May 29, 2019
Economy
Seoul’s housing price hike stable among major cities: government

In an apparent move to advocate the incumbent government’s real estate measures, the Land Ministry said Tuesday that Seoul’s housing prices had grown at a stable rate for the past five years, compare...

May 28, 2019
Economy
Korea’s consumer sentiment index dips to 6-month low

South Korea’s composite consumer sentiment index fell in May for the first time in six months, due to a slowing economy, volatile stock market and concerns over the escalating trade war between the U...

May 28, 2019
Economy
[News Focus] Online shopping expands more than 100% in 3 years

SEJONG -- South Koreans have sharply increased their shopping through computers and smartphones in recent years, which is taking up more than 20 percent of their total consumption. The rapid growth ...

May 26, 2019
Economy
Moon meets farmers planting rice in Gyeongju

President Moon Jae-in visited a southeastern rural village Friday to encourage farmers who were busy planting rice. He briefly planted rice himself and attended the test operation of an agricultural...

May 24, 2019
Economy
Koreans’ overseas card spending down in Q1

Overseas card spending by South Koreans fell in the first quarter, despite the rising number of outbound tourists, as a weaker Korean won discouraged them from swiping cards overseas, central bank da...

May 23, 2019
Economy
Gender pay gap widens at large firms in Q1

The wage gap between male and female workers at large firms here widened in the first quarter from a year earlier, data showed Thursday. Women working for 202 major listed companies were paid an ave...

May 23, 2019
Economy

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