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W38.4tr set to support liquidity-strapped companies ahead of holidayEconomyJan 20, 2021The government will extend some 38.4 trillion won ($34.86 billion) in financial support for companies and small merchants suffering from liquidity crunch ahead of Lunar New Year’s Day, the Finance Mi... -
Ministry vows to compensate for any vaccine side effectsEconomyJan 19, 2021The government will launch a joint monitoring and decision-making system with related agencies to provide a full compensation to those who experience side effects from the COVID-19 vaccine, the Finan... -
BOK chief says stock markets rise at 'very fast clip'EconomyJan 15, 2021Bank of Korea Gov. Lee Ju-yeol on Friday expressed concerns about the stock market’s recent rally, warning retail investors that their debt-backed equity buying spree could lead to big losses. The c... -
South Korean job losses hit 22-year high amid pandemicEconomyJan 13, 2021South Korea’s economy last year suffered its worst year for job losses in 22 years, as companies of all sizes struggled to keep employees in the face of the prolonged pandemic, data showed Wednesday.... -
Retail investors unnerved by plan to lift ban on short-sellingMarketsJan 12, 2021Concerns over the government‘s announcement that it would end a temporary ban on short-selling rose among retail investors Tuesday, as they claim that the reactivation of such trading practice could ... -
Seoul will actively pursue CPTPP: finance ministerEconomyJan 11, 2021The South Korean government will actively consider joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP, and improve systems to engage in the new global trading... -
Finance Ministry vows to beef up monitoring of excess liquidityEconomyJan 7, 2021Vice Finance Minister Kim Yong-beom vowed on Thursday to strengthen monitoring on swelling of liquidity spilled over to the country’s asset markets amid concerns over the stock market’s sharp pandemi... -
Government to spend over W26tr on housing stabilizationEconomyJan 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... -
Minister urges financial firms to funnel funds into new growth enginesEconomyJan 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.... -
S. Korea targets 3.2% growth, housing market stabilization in 2021EconomyJan 4, 2021Finance Minister Hong Nam-ki on Monday reiterated the government’s commitment for economic growth of 3.2 percent this year and stressed its drive to stabilize soaring housing price at the same time. ... -
Consumer prices grew 0.5 % in 2020EconomyDec 31, 2020South Korea‘s consumer price inflation hovered below 1 percent this year for the second consecutive year, data showed Thursday. According to data by Statistics Korea, the consumer price index stood ... -
S. Korea unveils W9.3tr virus relief program to help small biz, freelancersEconomyDec 29, 2020South Korea has unveiled the third batch of its economic relief package worth 9.3 trillion won ($8.49 billion) to support the country‘s small businesses and contract workers hit hard by the COVID-19 ... -
Number of corporate credit rating cut hits highest level in 4 yearsEconomyDec 28, 2020The number of South Korean companies that have suffered credit rating downgrades has reached its highest level since 2016 as the COVID-19 pandemic has taken a toll on their finances this year, indust... -
COVID-19 phenomenon: Year-end parties go onlineSocial affairsDec 28, 2020As the year draws to a close, many people are navigating rules made necessary by the pandemic as they try to mark the end of a challenging 2020, with restaurants closing early and colleagues working ... -
30% of COVID-19 relief funds spent on boosting consumption: KDIEconomyDec 23, 2020Around 30 percent of the COVID-19 relief funds universally handed out by the government in May were spent to boost sluggish domestic consumption, with the rest used for debt payments or savings, a st...
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