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Korea's exports up 10% in first 20 days of March amid virus woesMar 23, 2020South Korea's exports moved up 10 percent in the first 20 days of March from a year earlier despite the new coronavirus pandemic, customs data showed Monday, led mostly by improved shipments of chips... -
S. Korea likely to provide 2nd extra budget in May amid coronavirus crisisMar 22, 2020Speculation is growing here that South Korea will compile an additional supplementary budget after the April general elections to deal with the extended economic fallout from the COVID-19 pandemic. ... -
Hyundai Mobis develops sensing system to prevent hot car deathsMar 22, 2020Hyundai Mobis Co., South Korea's biggest auto parts maker, said Sunday it has developed a radar-based in-cabin sensing system meant to prevent hot car deaths. The radar-based rear occupant alert (RO... -
Additional financial measures to come next week to revive virus-battered economyMar 21, 2020The South Korean government will unveil an additional package of financial measures in detail next week to placate staggering financial markets roiled by the spread of the novel coronavirus. Accordi... -
‘Financial authorities need flexibility to help virus-hit economy’Mar 21, 2020A top financial regulatory body urged authorities Friday not to panic and keep funds flowing during the coronavirus pandemic. The Financial Stability Board, which coordinates the work of national au... -
ADB postpones meeting in S. Korea amid coronavirus fearsMar 20, 2020The Asian Development Bank’s upcoming annual meeting, originally slated to be held here in May, will be postponed to September in light of the coronavirus spread, according to ADB and the South Korea... -
S. Korea to import 53 tons of mask filters amid supply shortageMar 20, 2020South Korea said Friday it plans to import 53 tons of mask filters through June to keep up the supply of the sanitary item amid the spread of the new coronavirus. The first batch of 2.5 tons of melt... -
Pension fund to naysay appointment of some board members at banks, conglomeratesMar 20, 2020South Korea's state pension fund will vote against the appointments of some board members at banks and major companies during shareholder meetings as they are not qualified for the positions. The Na... -
S. Korea, US sign a $60b currency swap dealMar 19, 2020The Bank of Korea and the US Federal Reserve Board on Thursday signed bilateral currency swap arrangements totaling at $60 billion, to be effective for the next six months, South Korea's central bank... -
BOK to purchase 1.5tr won in bonds as market stabilization stepMar 19, 2020The Bank of Korea on Thursday said it will purchase 1.5 trillion won ($1.16 billion) in state bonds to help stabilize the local market hit hard by growing jitters caused by the spread of the new coro... -
S. Korea to extend antidumping duty on Japanese steel platesMar 19, 2020South Korea's trade watchdog said Thursday it will extend its existing antidumping duty on Japanese stainless steel plates, citing substantial damage to the local industry. The Korea Trade Commissio... -
S. Korea's exports of masks up 2,200% in Feb. amid coronavirus spreadMar 19, 2020South Korea's exports of protective masks surged nearly 23 times in February from a year earlier amid the global outbreak of the new coronavirus, data showed Thursday, although the volume is likely t... -
S. Korea ready to step in to ease credit crunchMar 19, 2020South Korea said Thursday it will take steps to counter a potential credit crunch in the capital market amid growing market jitters caused by the outbreak of the new coronavirus. "The government wil... -
![[Economy in Pandemic Era 2] South Korea likely to undergo temporary recession](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/18/20200318000728_0.jpg)
[Economy in Pandemic Era 2] South Korea likely to undergo temporary recessionMar 18, 2020Economists say rate cut not the key, more active monetary, fiscal policies needed -
S. Korea raises cap on currency forward positions amid forex imbalanceMar 18, 2020Govt. induces banks to hold more dollars, offers additional support for transportation industries
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