Economy

Economy

S. Korea's economy may contract, more measures eyed to ease credit crunch: finance minister
SEOUL, March 20 (Yonhap) -- South Korea's economy may contract in the first quarter of the year in the face of growing economic fallout from the new coronavirus outbreak, the country's chief econom... 16:39 Mar. 20
JP Morgan cuts Korea's 2020 growth outlook to 0.8 pct
SEOUL, March 20 (Yonhap) -- Global investment bank JP Morgan cut its 2020 growth outlook for South Korea to 0.8 percent from the previous 1.9 percent Friday, citing the global economic fallout of t... 14:47 Mar. 20
#currency swap
(LEAD) Moon pledges strong steps to stabilize bond, stock markets
(ATTN: UPDATES with details from 7th para) SEOUL, March 20 (Yonhap) -- Emboldened by the establishment of a US$60 billion currency swap line with the United States, President Moon Jae-in said Frida... 14:38 Mar. 20
#Woowa Brothers
Top food delivery app operator swings to loss in 2019
SEOUL, March 20 (Yonhap) -- Woowa Brothers Corp., South Korea's top food delivery app operator, said Friday it swung to an operating loss in 2019 despite a jump in sales. Its operating losses st... 14:19 Mar. 20
#currency swap
Moon pledges strong steps to stabilize bond, stock markets
SEOUL, March 20 (Yonhap) -- Emboldened by the establishment of a US$60 billion currency swap line with the United States, President Moon Jae-in said Friday his administration would take "powerful" ... 14:10 Mar. 20
#overseas investment
S. Korea's overseas direct investment up 21 pct in 2019
SEJONG, March 20 (Yonhap) -- South Korea's overseas direct investment rose 21 percent in 2019 from a year earlier due mainly to increased investment by financial and insurance companies, data showe... 12:00 Mar. 20
#stock cancellation
Samsung C&T to cancel stocks worth 300 bln won
SEOUL, March 20 (Yonhap) -- Samsung C&T Corp., the construction unit of Samsung Group, announced Friday that it will cancel stocks worth 300 billion won (US$240 million) in a move to improve shareh... 11:50 Mar. 20
#bond market
S. Korea to create massive bond market stabilization fund
SEOUL, March 20 (Yonhap) -- South Korea's financial authorities and local banks agreed Friday to set up a bond market stabilization fund worth more than 10 trillion won (US$7.94 billion) as part of... 11:42 Mar. 20
#Korean Air-wing parts deal
(LEAD) Korean Air supplies cumulative 3,000 sharklet parts to A320
(ATTN: ADDS details in last para) SEOUL, March 20 (Yonhap) -- Korean Air Lines Co., South Korea's biggest airline by sales, said Friday it has supplied a cumulative 3,000 sharklet parts to the Airb... 11:25 Mar. 20
#Korean Air-wing parts deal
Korean Air supplies cumulative 3,000 sharklet parts to A320
SEOUL, March 20 (Yonhap) -- Korean Air Lines Co., South Korea's biggest airline by sales, said Friday it has supplied a cumulative 3,000 sharklet parts to the Airbus A320 series. Korean Air was ... 10:08 Mar. 20
#US currency swap
(LEAD) U.S. currency swap deal to stabilize market: authorities
(ATTN: RECAST headline with BOK chief's comment, lead para; UPDATES with BOK chief's comments in 3-4 paras, won's rise in para 13; ADDS photo) SEOUL, March 20 (Yonhap) -- South Korea's currency swa... 09:53 Mar. 20
#coronavirus-mask filter
S. Korea to import 53 tons of mask filters amid supply shortage
SEOUL, March 20 (Yonhap) -- South 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... 09:30 Mar. 20
#US currency swap
U.S. currency swap deal to stabilize market: vice minister
SEOUL, March 20 (Yonhap) -- South Korea's currency swap agreement with the United States will help stabilize the domestic foreign exchange market hit by the global financial turmoil, a ranking fina... 09:20 Mar. 20
#Hyundai Rotem-order
Hyundai Rotem wins 345 bln won train order in S. Korea
SEOUL, March 20 (Yonhap) -- Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday it has received an order worth 345 billion won (US$274 million) in its home count... 09:15 Mar. 20
#editorials
(EDITORIAL from Korea Times on March 20)
'Helicopter money' 'Basic anti-disaster income' can be viable option in COVID-19 era The South Korean government and political parties are apparently becoming more positive about providing a certai... 06:58 Mar. 20
#producer price
Korea's producer prices inch down in Feb.
SEOUL, March 20 (Yonhap) -- South Korea's producer prices edged down from a month earlier in February due to a sharp decline in the prices of farmed goods and energy products, central bank data sho... 06:00 Mar. 20
#U.S. currency swap
(LEAD) S. Korea, U.S. sign $60 bln currency swap deal
(ATTN: UPDATES with more details, additional information) SEOUL, March 19 (Yonhap) -- South Korea and the United States have signed a US$60 billion bilateral currency swap agreement, Seoul's centra... 22:36 Mar. 19
#U.S. currency swap
S. Korea, U.S. sign $60 bln currency swap deal
SEOUL, March 19 (Yonhap) -- South Korea and the United States have signed a US$60 billion bilateral currency swap agreement, Seoul's central bank said Thursday, a move expected to relieve liquidity... 22:17 Mar. 19
(URGENT) S. Korea, U.S. sign $60 bln currency swap deal: BOK
bdk@yna.co.kr 22:04 Mar. 19
#carmakers-coronavirus impact
(2nd LD) Hyundai, Kia halt U.S., Europe plants amid virus fears
(ATTN: CHANGES headline and lead; ADDS Hyundai and Kia's European plants' status in paras 7-8) By Choi Kyong-ae SEOUL, March 19 (Yonhap) -- Hyundai Motor Co. and Kia Motors Corp., South Korea's tw... 18:10 Mar. 19