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S. Korea to invest over W250b in AI, software education in 2021Jan 7, 2021South Korea's ICT ministry said Thursday it will invest 262.6 billion won ($242 million) to foster education in artificial intelligence (AI) and software this year as part of the country's digital Ne... -
Households' excess funds rise in Q3 amid pandemicJan 7, 2021Excess funds held by South Korean households and nonprofit agencies rose in the third quarter of last year due mainly to an increase in stock investments, the central bank said Thursday. Net financi... -
Exports of fishery goods down 7.4% in 2020 on pandemic falloutJan 7, 2021South Korea's exports of fishery products moved down 7.4 percent on-year in 2020, data showed Thursday, as people around the globe refrained from dining out amid the new coronavirus pandemic, leading... -
S. Korea to focus on financial stability amid concerns over asset market boomJan 7, 2021South Korea's vice finance minister vowed Thursday to strengthen financial stability this year amid concerns that idle money is excessively flowing into asset markets. Vice Finance Minister Kim Yong... -
Major foreign IBs revise up S. Korea's 2021 growth outlookJan 7, 2021Major foreign investment banks (IBs) have slightly raised their forecasts for South Korea's economic growth for 2021 despite the coronavirus pandemic, a report showed Thursday. As of end-December, n... -
Government to spend over W26tr on housing stabilizationJan 6, 2021The government will spend over 26 trillion won ($23.9 billion) to develop new towns and build infrastructure in the first half of the year in a bid to curb soaring housing prices, the Finance Ministr... -
S. Korea has ‘no plans’ to raise fuel taxes, cut inheritance taxJan 6, 2021South Korea’s Finance Ministry said Wednesday that it has no plans to raise taxes on gasoline and diesel this year, despite its vows to go carbon neutral by 2050, and hinted that it will likely maint... -
FSC to ease regulations on financial firms to spur growthJan 6, 2021South Korea’s top financial regulator has vowed to eliminate regulatory hurdles and outdated rules that hinder local financial companies from rolling out innovative services. “The year 2021 is a cru... -
S. Korea to provide most of pandemic emergency handouts by Lunar New Year's holidayJan 6, 2021South Korea plans to provide a huge chunk of its emergency handouts to smaller merchants hit hard by the new coronavirus outbreak by the Lunar New Year's holiday in early February, the finance minist... -
S. Korea, Pakistan seek to broaden ties in economy, energyJan 6, 2021South Korea and Pakistan agreed Wednesday to expand their bilateral economic ties in on-going energy projects in the South Asian nation. The two nations held the third round of the Korea-Pakistan Jo... -
Imported car sales rise 4.5% in Dec. despite pandemicJan 6, 2021Sales of imported vehicles in South Korea rose 4.5 percent last December from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registe... -
Exports of kimchi hit all-time high through Oct. amid pandemicJan 6, 2021South Korea's exports of kimchi reached an all-time high in the first 10 months of 2020, data showed Wednesday, on the back of growing global demand for healthier foodstuffs amid the new coronavirus ... -
S. Korea's FX reserves up for 9th straight month in DecemberJan 6, 2021South Korea's foreign reserves rose for the ninth straight month in December last year, supported by an increase in investment returns, central bank data showed Wednesday. The nation's foreign reser... -
BOK chief warns of bigger COVID-19 risks in 2021Jan 5, 2021South Korea’s monetary policy chief on Tuesday called for the nation to brace for potential risks stemming from the financial authorities’ decision last year to funnel massive liquidity into the mark... -
Minister urges financial firms to funnel funds into new growth enginesJan 5, 2021Finance Minister Hong Nam-ki on Tuesday called for banks and other financial firms to channel more funds into sectors like green cars and biotechnology to help the virus-hit economy come back strong....
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01Korea’s COVID-19 numbers fall, but risks still loom
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03Beauty stores ‘battered’ by coronavirus pandemic
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Lotte, Shilla to close duty-free stores at Incheon Airport’s Terminal 1 after next month04
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05New virus cases over 400 again on cluster infections
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SK Holdings to invest in advanced materials, green, bio, digital sectors06
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07Authorities on alert as mass virus outbreak infects 127 at missionary school
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LG charges ahead for tomorrow’s business08
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09First case of pet with COVID-19 confirmed in S. Korea: PM
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