FINANCE
Cargo volume at seaports down 2.3% in Feb.
The volume of cargo processed at South Korea's seaports declined 2.3 percent in February from a year earlier, data showed Sunday, amid economic jitters caused by the new coronavirus pandemic. Local ...
Mar 21, 2021
Seoul stock market to suffer volatility next week on reverberating rate hike woes
South Korean stocks are likely to suffer an extended choppy trading next week as concerns about the rising US Treasury yields are expected to be eclipsed by simmering hopes for quicker-than-expected ...
Mar 20, 2021
Vice finance minister says global oil prices to see limited rise
It is unlikely that global oil prices will rise further, South Korea’s first vice minister of finance said Friday, citing the supply capacity of major oil producers as well as the recent surge in US ...
Mar 19, 2021
S. Korea, IDB agree to expand loan program for Latin America
South Korea said Friday it has agreed to expand a joint loan facility program with the Inter-American Development Bank (IDB) in a bid to support infrastructure development in Latin America. The fina...
Domestic demand suffers extended slumps amid pandemic: finance ministry
The South Korean economy is on a recovery track on robust exports and investment, but domestic demand remains sluggish amid the pandemic, the finance ministry said Friday. But the government did not...
S. Korea sees limited chance of sharp rise in oil prices
Oil prices are not likely to sharply rise down the road, given oil producing nations' output capacity and rising US bond yields, a senior government official said Friday. First Vice Finance Minister...
S. Korea's economy expected to grow 3.2% in 2021: AMRO
South Korea's economy is expected to grow 3.2 percent this year as the start of vaccinations raised hopes of a solid economic recovery from the COVID-19 pandemic, a regional macroeconomic research ag...
Mar 18, 2021
Panel proposes legislation to better handle spent nuke fuel
An independent committee proposed on Thursday that legislation is needed to better handle and manage spent nuclear fuel as the issue has been a source of controversy over safety. The body under the ...
Banks' bad loans edge down in 2020
Nonperforming loans at South Korean banks inched down last year, due to a slight decline in overdue corporate loans, data showed Thursday. The ratio of bad loans to total lending came to 0.64 percen...
S. Korea's money supply grows in January
South Korea's money supply continued to grow in January, as loans to households and firms increased amid the coronavirus pandemic, central bank data showed Thursday. The country's M2 stood at 3,233....
S. Korea to closely monitor market volatility after FOMC meeting
South Korea's finance ministry on Thursday said it will closely monitor market volatility, although the US Federal Reserve has hinted at no rate rise in 2023. Vice Finance Minister Kim Yong-beom sai...
Coal plants' fine dust emissions down 22% during winter on operation curb
South Korea's emissions of fine dust from coal power plants moved down 22 percent on-year during the winter season, data showed Thursday, as the country reduced their operations in sync with its effo...
Finance minister confident of job recovery on falling figures
Hong vows to root out speculative investment by public officials
Mar 17, 2021
Fiscal chiefs of S. Korea, US agree on continuing expansionary measures
Finance ministers of South Korea and the US have shared their views on efforts to continue expansionary fiscal policies in reviving virus-battered local economies and supporting underprivileged group...
Post-pandemic economic recovery depends on progress of vaccinations: BOK chief
South Korea's post-pandemic economic recovery depends on the successful rollout of COVID-19 vaccines, and economic growth is likely to be sluggish before herd immunity is achieved, the head of the Ba...