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You searched for "Park Hyong-ki" ( 1,216 results )
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Fitch warns South Korea of NK, structural risks
[THE INVESTOR] Fitch Ratings continued to warn South Korea of geopolitical risks associated with North Korea in the light of the North’s recent submarine missile test, in addition to structural risks on changing demographics and low productivity, according to the Finance Ministry on Friday.The Fitch delegation visited Korea for its annual consultation meetings with the Finance Ministry from Wednesday-Friday this week.Although the global ratings agency gave a positive review on Korea maintaining
Aug. 26, 2016
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Consumer sentiment reaches 8-month high
South Korea’s overall consumer sentiment reached an eight-month high in August on the back of growing expectations of an economic recovery.The Bank of Korea said Friday that the composite consumer sentiment index reached 102 last month, up from 101 in July.This marked that highest since December last year, and a second consecutive increase, the central bank data showed. A reading above 100 indicates that more households are positive about their economic future.Analysts say that Korea’s sovereign
Aug. 26, 2016
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Fitch warns South Korea of NK, structural risks
Fitch Ratings continued to warn South Korea of geopolitical risks associated with North Korea in the light of the North’s recent submarine missile test, in addition to structural risks on changing demographics and low productivity, according to the Finance Ministry on Friday.The Fitch delegation visited Korea for its annual consultation meetings with the Finance Ministry from Wednesday-Friday this week.Although the global ratings agency gave a positive review on Korea maintaining fiscal soundnes
Aug. 26, 2016
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Korea to restrict housing supply to curb household debt
[THE INVESTOR] The South Korean government said Thursday that it will control the number of houses and apartments supplied in the market, and strengthen regulations on mortgages as part of efforts to contain its household debt.With the country’s household debt increasing at a fast pace on low interest rates this year, the Finance Ministry said that it will restrict the supply side of the housing market rather than the demand side to ease the debt problem, as well as housing oversupply.Financial
Aug. 25, 2016
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Korea to restrict housing supply to curb household debt
The South Korean government said Thursday that it will control the number of houses and apartments supplied in the market, and strengthen regulations on mortgages as part of efforts to contain its household debt.With the country’s household debt increasing at a fast pace on low interest rates this year, the Finance Ministry said that it will restrict the supply side of the housing market rather than the demand side to ease the debt problem, as well as housing oversupply.Financial policymakers an
Aug. 25, 2016
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Concern grows over extra budget deadlock
[THE INVESTOR] With political parties growing further apart over their inability to compromise on the South Korean government’s extra budget bill, the Finance Ministry is making a last-ditch effort to appeal to lawmakers before time slips away.Once again urging the conservatives and progressives to sign on its supplementary budget, Finance Minister Yoo Il-ho said Wednesday that if the country misses the “golden time” to carry out its 11 trillion won ($10 billion) extra spending plan over the nex
Aug. 24, 2016
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Concern grows over extra budget deadlock
With political parties growing further apart over their inability to compromise on the South Korean government’s extra budget bill, the Finance Ministry is making a last-ditch effort to appeal to lawmakers before time slips away.Once again urging the conservatives and progressives to sign on its supplementary budget, Finance Minister Yoo Il-ho said Wednesday that if the country misses the “golden time” to carry out its 11 trillion won ($10 billion) extra spending plan over the next four months,
Aug. 24, 2016
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Index shows Korea's exports slowing
South Korea’s terms of trade slightly improved last month, according to preliminary data by the Bank of Korea on Tuesday.The terms of trade -- an index that measures a country’s trade performance by comparing the amount of exports and imports -- stood at 100.09 in July, up 0.4 percent from a year ago, indicating that the country is exporting more than spending on imports.However, the central bank noted that the improvement was mostly due to “a bigger drop in import prices than export prices” on
Aug. 23, 2016
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BOK, regulator at odds over household debt
[THE INVESTOR] Contrary to the International Monetary Fund’s assessment that South Korea’s household debt is manageable in part due to increased regulations, the central bank sees the rapid growth of borrowings as a serious problem that could further undermine Korea’s economic structure.In direct conflict with the Financial Services Commission, which has provided industry guidelines to curb borrowings, the Bank of Korea suggested that the country would need additional measures as the government’
Aug. 22, 2016
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Central bank, regulator at odds over household debt
Contrary to the International Monetary Fund’s assessment that South Korea’s household debt is manageable in part due to increased regulations, the central bank sees the rapid growth of borrowings as a serious problem that could further undermine Korea’s economic structure.In direct conflict with the Financial Services Commission, which has provided industry guidelines to curb borrowings, the Bank of Korea suggested that the country would need additional measures as the government’s regulatory gu
Aug. 22, 2016
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Korea’s household savings increase twofold on weak economy
[THE INVESTOR] South Korea’s economy saw its household saving rate increase among the fastest in the Organization for Economic Cooperation and Development, according to the OECD. The OECD forecast that Korea’s household saving rate is expected to increase more than twofold this year, compared to four years ago, from 3.9 percent in 2012 to 8.66 percent in 2016. This would rank Korea as the fifth highest in the OECD following Switzerland with 20.13 percent, Sweden with 16.45 percent; Luxembourg wi
Aug. 21, 2016
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Korea’s household savings increase twofold on weak economy
South Korea’s economy saw its household saving rate increase among the fastest in the Organization for Economic Cooperation and Development, according to the OECD.The OECD forecast that Korea’s household saving rate is expected to increase more than twofold this year, compared to four years ago, from 3.9 percent in 2012 to 8.66 percent in 2016. This would rank Korea as the fifth highest in the OECD following Switzerland with 20.13 percent, Sweden with 16.45 percent; Luxembourg with 17.48 percent
Aug. 21, 2016
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Korea stands against trade protectionism
[THE INVESTOR] Finance Minister Yoo Il-ho said Thursday that Korea would firmly stand against trade protectionism by further seeking economic partnerships with other economies despite growing uncertainties, while urging again the National Assembly to approve its extra spending proposal.In a meeting to review its external economic conditions, the finance minister said that the issue of protectionism was rising amid uncertainties on Brexit and becoming a major topic in the US presidential race.Abo
Aug. 18, 2016
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‘Korea stands against trade protectionism’
Finance Minister Yoo Il-ho said Thursday that Korea will firmly stand against trade protectionism by further seeking economic partnerships with other economies despite growing uncertainties, while urging again the National Assembly to approve its extra spending proposal.In a meeting to review its external economic conditions, the finance minister said that the issue of protectionism is rising amid uncertainties on Brexit and becoming a major topic in the US presidential race.About 10 industrial
Aug. 18, 2016
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Korean stocks, currency fall on possibility of US rate hike
[THE INVESTOR] The Seoul stock market took a dive Wednesday following overnight losses on Wall Street after one of the key members of the US Federal Open Market Committee sent a clear message to the world that it could raise its interest rates next month.Based on strong employment data and positive growth forecast, New York Fed Reserve President William Dudley spoke in a televised interview about the possibility of a rate hike in September. It sent the Dow Jones Industrial down more than 84 poin
Aug. 17, 2016
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Korean stocks, currency fall on possibility of US rate hike
The Seoul stock market took a dive Wednesday following overnight losses on Wall Street after one of the key members of the US Federal Open Market Committee sent a clear message to the world that it could raise its interest rates next month.Based on strong employment data and positive growth forecast, New York Fed Reserve President William Dudley spoke in a televised interview about the possibility of a rate hike in September. It sent the Dow Jones Industrial down more than 84 points at 18,552.02
Aug. 17, 2016
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Korea ranks 11th worldwide in GDP: World Bank data
[THE INVESTOR] South Korea ranked 11th worldwide in gross domestic product in 2015, with its global standing rising two notches from a year earlier, data showed Tuesday.According to the data by the World Bank, South Korea's nominal GDP came to $1.38 trillion last year, up from 13th place a year earlier. But the value was down 2.4 percent from $1.42 trillion the previous year.GDP, the broadest measure of an economy's performance, is the total value of goods and services produced within the econo
Aug. 16, 2016
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Korean economy climbs back to 11th on falling energy prices
South Korea has regained its title as the world’s 11th-largest economy in nine years, according to national accounts data by the World Bank and the Organization for Economic Cooperation and Development.The latest data showed that Korea’s gross domestic product stood at $1.38 trillion in 2015, climbing back up to 11th place, based on the average dollar currency rate over the last three years.Korea’s ranking in terms of economic output has been sliding since 2006, beyond the top 10 during the Roh
Aug. 16, 2016
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Export, import indices dip on falling exchange rate, oil prices
[THE INVESTOR] South Korea’s export and import prices fell last month for the first time in three months due to falling oil prices and the won-dollar exchange rate, according to the Bank of Korea on Friday.The export price index stood at 78.8 in July, down more than 2 percent from 80.6 in June, while the import price index came to 75.85, down about 2.8 percent from 78.03 in the same period. The decrease rate of the import price index in July reached the highest in nine months.The appreciation of
Aug. 12, 2016
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Export, import indices dip on falling exchange rate, oil prices
South Korea’s export and import prices fell last month for the first time in three months due to falling oil prices and the won-dollar exchange rate, according to the Bank of Korea on Friday.The export price index stood at 78.8 in July, down more than 2 percent from 80.6 in June, while the import price index came to 75.85, down about 2.8 percent from 78.03 in the same period. The decrease rate of the import price index in July reached the highest in nine months.The appreciation of the Korean won
Aug. 12, 2016
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Korean labor force to shrink by 10 million by 2044: report
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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[KH Explains] Can tech firms' AI alliances take on Nvidia?