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S. Korea to examine FX trading rules to ensure dollar liquidityEconomyMay 21, 2020SEJONG -- South Korea plans to comprehensively examine its rules on foreign exchange trading as it seeks to ensure dollar liquidity amid lingering uncertainties in global markets over the coronavirus... -
Producer price index falls for third consecutive month in AprilEconomyMay 21, 2020South Korea’s producer price index, which serves as a yardstick for inflation, slipped 0.7 percent on-month in April, extending its decline for the third consecutive month, data from the central bank... -
S. Korea should enhance protection for local industries amid ‘global investment protectionism’: KIEPEconomyMay 21, 2020While the global market dwindled and corporate assets depreciated amid the COVID-19 pandemic, the limited range and number of companies and assets with growth momentum have gained popularity from inv... -
Household income grows, but wealth gap widens in Q1EconomyMay 21, 2020SEJONG -- South Korea's household income rose in the first quarter from a year earlier, but the income gap between the haves and have-nots widened, as the employment situation of the low-income brack... -
Seoul stocks open higher on hopes of economic recoveryMarketsMay 21, 2020South Korean stocks opened higher Thursday, tracking overnight gains on Wall Street apparently backed by hopes of an economic recovery. The benchmark Korea Composite Stock Price Index (KOSPI) advanc... -
NPS to cut back in Korean stock exposureMoneyMay 20, 2020South Korea’s public pension fund National Pension Service on Wednesday has affirmed its plan to shrink its exposure to domestic stocks in a move to ward off uncertainties due to fallout from the cor... -
W3.5tr post-pandemic recovery plan aims to create at least 550,000 jobsEconomyMay 20, 2020Government to run fund for virus-hit industries, set up a W10tr SPV to stabilize bond market -
Hana Financial to set up digital insurance unit in JuneMarketsMay 20, 2020Hana Financial Group, South Korea’s third-largest banking group will launch a digital insurance unit next month through its newly acquired subsidiary, The-K NON-Life Insurance, according to industry ... -
Shares extend gains on additional stimulus planMarketsMay 20, 2020South Korean benchmark indexes continued to be upbeat Wednesday, following the government’s additional economic measures to counter the ongoing coronavirus crisis. The nation’s main bourse Kospi ros... -
Corporate tax revenue to fall in 2020 for first time in 6 years: think tankEconomyMay 20, 2020South Korea's corporate tax revenue is expected to decline this year for the first time in six years due to the coronavirus impact on major industries, a local think tank said Wednesday. The country... -
FX deposits hit 4-month high in April amid volatilityEconomyMay 20, 2020Foreign currency deposits at banks in South Korea reached a four-month high in April, central bank data showed Wednesday, amid market fluctuations caused by the new coronavirus outbreak. Foreign cur... -
Service output dips in Q1 over virus pandemicEconomyMay 20, 2020SEJONG -- Service output declined in 14 provinces and cities in South Korea in the first quarter of this year as the coronavirus pandemic took a heavy toll on the service industry, data showed Wednes... -
Q1 household debt growth slowest in 1 year due to virus outbreakEconomyMay 20, 2020South Korea's household debt grew at the slowest pace in one year in the first quarter, central bank data showed Wednesday, amid a sharp decline in spending apparently caused by the new coronavirus o... -
S. Korean economy will expand 0.2% in 2020, 3.9% in 2021: KDIEconomyMay 20, 2020State-run think tank forecasts positive growth despite COVID-19 fallout -
S. Korean stocks open higher, bucking Wall Street lossesMarketsMay 20, 2020South Korean stocks opened slightly higher Wednesday despite heavy overnight losses on Wall Street sparked by renewed fears over the coronavirus pandemic. The benchmark Korea Composite Stock Price I...
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