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Rate hike to cool down overheated housing market

South Korea's first key interest rate hike in a year is expected to cool down the overheated housing market by driving down leveraged real estate investments, experts said Friday. (Yonhap) The Bank...

Nov 30, 2018
Economy
Public servants and office workers remain most preferred jobs in Korea

While most South Koreans wish to become public servants, in reality they strive to land jobs in the corporate world, a survey showed Friday. According to a Saramin HR, South Korea’s online job recru...

Nov 30, 2018
Economy
Two days before budget deadline, political parties continue to bicker

Rival parties on Friday wrangled over the schedule for a plenary session to handle the government's 2019 budget proposal, two days ahead of the legal deadline for its parliamentary passage. Dec. 2 i...

Nov 30, 2018
Economy
BOK raises policy rate to 1.75%

South Korea’s central bank raised the nation’s benchmark interest rate Friday to 1.75 percent, amid growing household debt and further rate hike signals from the United States. The Bank of Korea hel...

Nov 30, 2018
Economy
Korean president vows efforts to improve ties with Argentina

BUENOS AIRES -- South Korean President Moon Jae-in on Thursday vowed to improve his country's ties with Argentina and increase support for South Korean residents and businesses in the South American ...

Nov 30, 2018
Economy
Korea's economic growth forecast to slow to 2.6% in 2019

South Korea's economy is expected to lose steam slightly in 2019 from this year due to weakening exports and sluggish investment, a local think tank said Thursday. In its 2019 economic outlook, the ...

Nov 29, 2018
Economy
Structural reform to slow growth of South Korean economy in 2019: Nomura

Structural reform, both intentional and unintentional, in South Korea's key industries and labor market will slow its economy next year, Nomura Financial Investment Co. said Wednesday. The brokerage...

Nov 28, 2018
Economy
[Contribution] Setting the stage for an equity market rebound

By all counts, Hong Kong and China stocks have had a roller-coaster year in 2018. The Hang Seng index, after rallying in January to a record high above 33,000, pulled back more than 25 percent to ju...

Nov 28, 2018
Economy
Korean investments in overseas securities hit record high in Q3

The amount of foreign securities held by major South Korean institutional investors rose to a record high in the third quarter of this year on growing demand for overseas bonds, central bank data sho...

Nov 28, 2018
Economy
Economic measurements should move ‘beyond GDP’: experts

Speakers at 6th OECD World Forum call for alternative measurements of economic well-being

Nov 27, 2018
Economy
Finance minister calls on parliament to approve record budget proposal

South Korea's chief economic policymaker on Tuesday urged parliament to approve a record budget proposal for 2019, stressing that passing it is necessary to help resolve chronic problems, such as the...

Nov 27, 2018
Economy
Korean biz sentiment hits 22-month low for December

Business sentiment in South Korea sank to a 22-month low for December amid flaccid domestic demand and worsening export conditions, a poll showed Tuesday. The business survey index of the nation's t...

Nov 27, 2018
Economy
[Herald Interview] S. Korea should ease up on growth pace, focus on reforms: OECD chief

Gurria calls Seoul to look beyond conventional economic indicators

Nov 27, 2018
Economy
Public accountants grim about biz conditions: poll

A majority of South Korean certified public accountants are gloomy about the country's current business conditions and their outlook for next year due to anemic domestic demand and other negatives, a...

Nov 27, 2018
Economy
Korea's economy to grow 2.6 pct in 2019: KIET

South Korea's economy is expected to grow 2.6 percent in 2019 due to slowing exports and weak domestic demand, a state-run think tank said Monday. The Korea Institute for Industrial Economics & Trad...

Nov 26, 2018
Economy

The Korea Herald by Herald Corporation

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