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Finance minister dismisses talk of ‘April crisis’

South Korea's finance minister said Friday that the country is fully prepared to deal with the possibility of an economic crisis in the coming months amid rising concerns over debt-ridden firms and c...

Updated : 2017.02.24 11:36

Consumer sentiment improves in February

South Korea's overall consumer sentiment improved this month from a month earlier, central bank data showed Friday, as the economy got a boost from increased exports and investments. The composite c...

Updated : 2017.02.24 09:38

Trump govt. unlikely to focus on Korean economy

The US government will likely put South Korean economic issues on the back burner for a while as it will focus more on security concerns in the northeast Asian region, experts said Thursday. Accordi...

Updated : 2017.02.23 13:25

Acting president calls for bold policy initiatives to bolster consumption

Acting President and Prime Minister Hwang Kyo-ahn on Thursday called on the government to craft "bold" policy initiatives to stimulate domestic demand, warning that consumption could further weaken d...

Updated : 2017.02.23 10:49

BOK holds key rate steady at 1.25% in Feb.

South Korea's central bank on Thursday held its key rate steady for February to support growth ahead of additional US rate hikes this year. The Bank of Korea maintained its policy rate at an all-tim...

Updated : 2017.02.23 10:16

KITA pledges efforts to boost Korea's exports

A local association of exporters in South Korea on Thursday vowed all-out efforts to boost the country's exports this year, despite what it called many lingering risks at home and abroad. "The ongoi...

Updated : 2017.02.23 10:11

Report urges hike in state pension age

South Korea needs to hike the state pension age to keep its rapid population aging from worsening the financial health of the government-run pension fund down the road, a report showed Thursday. Cur...

Updated : 2017.02.23 10:09

Korea promotes flexible working system to boost private consumption

South Korea said Thursday that it will expand flexible working hours in the private and public sectors in an effort to boost domestic consumption and stimulate the economy, while expanding financial ...

Updated : 2017.02.23 09:55

Cut in infrastructure investment draws concern

Calls are rising to reconsider the government’s plan to cut back infrastructure investment, which experts say is based on misperception and goes against policy efforts to bolster the country’s falt...

Updated : 2017.02.22 16:19

Official land prices rise 4.74% this year

South Korea's official average land prices for 2017 rose 4.74 percent from the previous year, marking the fastest annual gain since the 2008-09 global financial crisis, government data showed Wednesd...

Updated : 2017.02.22 16:03

Korea's childbirths drop to record low in 2016

Childbirths in South Korea dropped to a record low last year despite decade-long efforts to tackle the country's chronically low birthrate, a report showed Wednesday. The number of babies born in 20...

Updated : 2017.02.22 13:50

Finance minister vows structural reform in face of 4th industrial revolution

The finance minister said Wednesday that his government will do its best to improve South Korea's economic and social systems to support its adaptation to the fourth industrial revolution in a timely...

Updated : 2017.02.22 13:44

Report says Korea-US trade mutually beneficial

South Korea continues to profit from its bilateral trade with the United States, but its trade surpluses largely come from outbound shipments of intermediate goods needed by US manufacturers to produ...

Updated : 2017.02.22 09:22

[News Analysis] Exports seen improving but no time for relief, experts say

South Korea’s exports, the backbone of the country’s economy, seem on course to end their two-year losing streak this year. If they do, it will be a relief for Asia’s fourth-largest economy, whos...

Updated : 2017.02.21 18:17

Korea ranked near bottom in women's economic empowerment

South Korea ranks among the lowest in terms of women's economic empowerment, with its pay gap between men and women estimated to need more than 100 years to close if the current pace continues, an an...

Updated : 2017.02.21 16:15